Claude Saey: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Claude Saey
Largest movements
- Receivables within one year -€6,176
down €6,176 (-7.4%), from €84,003 to €77,827
- Stocks and contracts +€2,500
up €2,500 (+23.5%), from €10,630 to €13,130
- Deferred charges and accrued income +€2,500
new in 2025: €2,500
- Tangible fixed assets +€2,204
up €2,204 (+61.5%), from €3,583 to €5,787
of which Plant, machinery and equipment: +€2,204
- Other debts -€5,001
down €5,001 (-5.7%), from €87,981 to €82,980
- Profit (loss) carried forward +€3,269
up €3,269 (+1.5%), from -€221,179 to -€217,910
- Short-term financial debts +€3,048
new in 2025: €3,048
- Tax, wage and social debts -€1,540
down €1,540 (-45.6%), from €3,379 to €1,839
- Trade debts +€1,411
up €1,411 (+705.5%), from €200 to €1,611
- Staff costs -€16,742
down €16,742 (-78.1%), from €21,444 to €4,702
- Gross operating margin -€11,624
down €11,624 (-50.2%), from €23,153 to €11,529
- Other operating charges +€1,261
up €1,261 (+122.8%), from €1,027 to €2,288
- Financial charges +€1,223
up €1,223, from -€99 to €1,124
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,564 | €99,751 | +€1,187 | +1.2% |
| Fixed assets | 21/28 | €3,695 | €5,899 | +€2,204 | +59.6% |
| Tangible fixed assets | 22/27 | €3,583 | €5,787 | +€2,204 | +61.5% |
| Land and buildings | 22 | €3,583 | €3,583 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €2,204 | +€2,204 | |
| Financial fixed assets | 28 | €112 | €112 | = | 0.0% |
| Current assets | 29/58 | €94,869 | €93,852 | -€1,017 | -1.1% |
| Stocks and contracts in progress | 3 | €10,630 | €13,130 | +€2,500 | +23.5% |
| Stocks | 30/36 | €10,630 | €13,130 | +€2,500 | +23.5% |
| Amounts receivable within one year | 40/41 | €84,003 | €77,827 | -€6,176 | -7.4% |
| Trade receivables | 40 | €84,003 | €77,827 | -€6,176 | -7.4% |
| Cash at bank and in hand | 54/58 | €236 | €395 | +€159 | +67.4% |
| Deferred charges and accrued income | 490/1 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €98,564 | €99,751 | +€1,187 | +1.2% |
| Equity | 10/15 | -€159,206 | -€155,937 | +€3,269 | +2.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€221,179 | -€217,910 | +€3,269 | +1.5% |
| Amounts payable | 17/49 | €257,770 | €255,688 | -€2,082 | -0.8% |
| Amounts payable after more than one year | 17 | €140,910 | €140,910 | = | 0.0% |
| Other amounts payable | 178/9 | €140,910 | €140,910 | = | 0.0% |
| Amounts payable within one year | 42/48 | €91,560 | €89,478 | -€2,082 | -2.3% |
| Financial debts | 43 | - | €3,048 | +€3,048 | |
| Other loans | 439 | - | €3,048 | +€3,048 | |
| Trade debts | 44 | €200 | €1,611 | +€1,411 | +705.5% |
| Suppliers | 440/4 | €200 | €1,611 | +€1,411 | +705.5% |
| Taxes, remuneration and social security | 45 | €3,379 | €1,839 | -€1,540 | -45.6% |
| Taxes | 450/3 | €3,379 | €1,839 | -€1,540 | -45.6% |
| Other amounts payable | 47/48 | €87,981 | €82,980 | -€5,001 | -5.7% |
| Accrued charges and deferred income | 492/3 | €25,300 | €25,300 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €21,444 | €4,702 | -€16,742 | -78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €146 | +€146 | |
| Other operating charges | 640/8 | €1,027 | €2,288 | +€1,261 | +122.8% |
| Gross operating margin | 9900 | €23,153 | €11,529 | -€11,624 | -50.2% |
| Operating profit (loss) | 9901 | €682 | €4,393 | +€3,711 | +544.1% |
| Financial charges | 65/66B | -€99 | €1,124 | +€1,223 | |
| Recurring financial charges | 65 | -€99 | €1,124 | +€1,223 | |
| Profit (loss) for the period before taxes | 9903 | €781 | €3,269 | +€2,488 | +318.6% |
| Profit (loss) for the period | 9904 | €781 | €3,269 | +€2,488 | +318.6% |
| Profit (loss) for the period to be appropriated | 9905 | €781 | €3,269 | +€2,488 | +318.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.