DO SAGHIN: 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.
DO SAGHIN
Largest movements
- Cash -€7,696
down €7,696 (-61.2%), from €12,567 to €4,872
mainly Receivables within one year (-€7,186) and Tax, wage and social debts (-€5,770)
- Receivables within one year +€7,186
up €7,186 (+18.8%), from €38,322 to €45,508
of which Trade receivables: +€10,593
- Stocks and contracts -€5,355
no longer reported in 2025 (was €5,355)
- Financial fixed assets +€1,300
up €1,300 (+742.9%), from €175 to €1,475
- Tax, wage and social debts -€5,770
down €5,770 (-39.3%), from €14,669 to €8,899
of which Remuneration and social security: -€9,766
- Profit (loss) carried forward +€5,230
up €5,230 (+13.3%), from €39,441 to €44,671
- Trade debts -€4,234
no longer reported in 2025 (was €4,234)
- Gross operating margin +€8,904
up €8,904 (+18.0%), from €49,332 to €58,236
- Other operating charges +€8,653
up €8,653 (+1156.3%), from €748 to €9,401
- Staff costs -€8,030
down €8,030 (-17.2%), from €46,623 to €38,593
- Taxes +€3,997
up €3,997 (+5426.5%), from €74 to €4,070
- Depreciation -€1,811
down €1,811 (-68.8%), from €2,631 to €820
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 | €60,344 | €55,587 | -€4,757 | -7.9% |
| Fixed assets | 21/28 | €2,989 | €3,769 | +€780 | +26.1% |
| Tangible fixed assets | 22/27 | €2,814 | €2,294 | -€520 | -18.5% |
| Plant, machinery and equipment | 23 | €2,219 | €1,930 | -€289 | -13.0% |
| Furniture and vehicles | 24 | €595 | €364 | -€231 | -38.9% |
| Financial fixed assets | 28 | €175 | €1,475 | +€1,300 | +742.9% |
| Current assets | 29/58 | €57,355 | €51,818 | -€5,537 | -9.7% |
| Stocks and contracts in progress | 3 | €5,355 | - | -€5,355 | |
| Stocks | 30/36 | €5,355 | - | -€5,355 | |
| Amounts receivable within one year | 40/41 | €38,322 | €45,508 | +€7,186 | +18.8% |
| Trade receivables | 40 | €30,319 | €40,912 | +€10,593 | +34.9% |
| Other amounts receivable | 41 | €8,003 | €4,596 | -€3,407 | -42.6% |
| Cash at bank and in hand | 54/58 | €12,567 | €4,872 | -€7,696 | -61.2% |
| Deferred charges and accrued income | 490/1 | €1,110 | €1,438 | +€328 | +29.5% |
| Total equity and liabilities | 10/49 | €60,344 | €55,587 | -€4,757 | -7.9% |
| Equity | 10/15 | €41,441 | €46,671 | +€5,230 | +12.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,441 | €44,671 | +€5,230 | +13.3% |
| Amounts payable | 17/49 | €18,903 | €8,916 | -€9,987 | -52.8% |
| Amounts payable within one year | 42/48 | €18,903 | €8,916 | -€9,987 | -52.8% |
| Trade debts | 44 | €4,234 | - | -€4,234 | |
| Suppliers | 440/4 | €4,234 | - | -€4,234 | |
| Taxes, remuneration and social security | 45 | €14,669 | €8,899 | -€5,770 | -39.3% |
| Taxes | 450/3 | €74 | €4,070 | +€3,997 | +5426.5% |
| Remuneration and social security | 454/9 | €14,596 | €4,829 | -€9,766 | -66.9% |
| Other amounts payable | 47/48 | - | €17 | +€17 | |
| Remuneration, social security and pensions | 62 | €46,623 | €38,593 | -€8,030 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,631 | €820 | -€1,811 | -68.8% |
| Other operating charges | 640/8 | €748 | €9,401 | +€8,653 | +1156.3% |
| Gross operating margin | 9900 | €49,332 | €58,236 | +€8,904 | +18.0% |
| Operating profit (loss) | 9901 | -€670 | €9,423 | +€10,093 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +4200.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +4200.0% |
| Financial charges | 65/66B | €127 | €123 | -€4 | -3.3% |
| Recurring financial charges | 65 | €127 | €123 | -€4 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€798 | €9,301 | +€10,099 | |
| Income taxes | 67/77 | €74 | €4,070 | +€3,997 | +5426.5% |
| Profit (loss) for the period | 9904 | -€871 | €5,230 | +€6,102 | |
| Profit (loss) for the period to be appropriated | 9905 | -€871 | €5,230 | +€6,102 |
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 9 October 2026 via checked.be.