Dr. Saeys Anne: what changed
Dr. Saeys Anne
Largest movements
- Receivables after one year +€89,000
up €89,000 (+445%), from €20,000 to €109,000
- Receivables within one year -€13,638
down €13,638 (-91.0%), from €14,992 to €1,354
of which Other amounts receivable: -€11,947
- Cash -€4,306
down €4,306 (-2.7%), from €159,845 to €155,539
mainly Receivables after one year (-€89,000) and Other debts (-€4,872)
- Deferred charges and accrued income +€4,074
up €4,074 (+792%), from €515 to €4,589
- Reserves +€89,647
up €89,647 (+51.4%), from €174,552 to €264,199
- Other debts -€4,872
down €4,872 (-73.2%), from €6,652 to €1,780
- Tax, wage and social debts -€4,557
down €4,557 (-50.8%), from €8,965 to €4,408
- Short-term financial debts -€3,650
down €3,650 (-100%), from €3,650 to €0
- Current portion of long-term debt -€3,111
down €3,111 (-100%), from €3,111 to €0
- Gross operating margin -€22,417
down €22,417 (-16.5%), from €136,054 to €113,636
- Taxes -€4,557
down €4,557 (-15.7%), from €28,965 to €24,408
- Financial income +€3,997
up €3,997 (+3,098%), from €129 to €4,126
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,043 | €274,786 | +€73,743 | +36.7% |
| Fixed assets | 21/28 | €5,692 | €4,304 | -€1,387 | -24.4% |
| Tangible fixed assets | 22/27 | €5,592 | €4,204 | -€1,387 | -24.8% |
| Plant, machinery and equipment | 23 | €2,702 | €1,932 | -€770 | -28.5% |
| Furniture and vehicles | 24 | €2,890 | €2,272 | -€617 | -21.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €195,352 | €270,482 | +€75,130 | +38.5% |
| Amounts receivable after more than one year | 29 | €20,000 | €109,000 | +€89,000 | +445% |
| Other amounts receivable | 291 | €20,000 | €109,000 | +€89,000 | +445% |
| Amounts receivable within one year | 40/41 | €14,992 | €1,354 | -€13,638 | -91.0% |
| Trade receivables | 40 | €3,045 | €1,354 | -€1,691 | -55.5% |
| Other amounts receivable | 41 | €11,947 | €0 | -€11,947 | -100% |
| Cash at bank and in hand | 54/58 | €159,845 | €155,539 | -€4,306 | -2.7% |
| Deferred charges and accrued income | 490/1 | €515 | €4,589 | +€4,074 | +792% |
| Total equity and liabilities | 10/49 | €201,043 | €274,786 | +€73,743 | +36.7% |
| Equity | 10/15 | €177,552 | €267,199 | +€89,647 | +50.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €174,552 | €264,199 | +€89,647 | +51.4% |
| Distributable reserves | 133 | €174,552 | €264,199 | +€89,647 | +51.4% |
| Amounts payable | 17/49 | €23,491 | €7,587 | -€15,904 | -67.7% |
| Amounts payable within one year | 42/48 | €23,491 | €7,587 | -€15,904 | -67.7% |
| Current portion of amounts payable after more than one year | 42 | €3,111 | €0 | -€3,111 | -100% |
| Financial debts | 43 | €3,650 | €0 | -€3,650 | -100% |
| Credit institutions | 430/8 | €3,650 | €0 | -€3,650 | -100% |
| Trade debts | 44 | €1,113 | €1,399 | +€287 | +25.8% |
| Suppliers | 440/4 | €1,113 | €1,399 | +€287 | +25.8% |
| Taxes, remuneration and social security | 45 | €8,965 | €4,408 | -€4,557 | -50.8% |
| Taxes | 450/3 | €8,965 | €4,408 | -€4,557 | -50.8% |
| Other amounts payable | 47/48 | €6,652 | €1,780 | -€4,872 | -73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €967 | €1,387 | +€420 | +43.4% |
| Other operating charges | 640/8 | €1,151 | €1,228 | +€77 | +6.7% |
| Gross operating margin | 9900 | €136,054 | €113,636 | -€22,417 | -16.5% |
| Operating profit (loss) | 9901 | €133,935 | €111,021 | -€22,914 | -17.1% |
| Financial income | 75/76B | €129 | €4,126 | +€3,997 | +3,098% |
| Recurring financial income | 75 | €129 | €4,126 | +€3,997 | +3,098% |
| Financial charges | 65/66B | €589 | €1,092 | +€503 | +85.4% |
| Recurring financial charges | 65 | €589 | €1,092 | +€503 | +85.4% |
| Profit (loss) for the period before taxes | 9903 | €133,475 | €114,055 | -€19,420 | -14.5% |
| Income taxes | 67/77 | €28,965 | €24,408 | -€4,557 | -15.7% |
| Profit (loss) for the period | 9904 | €104,510 | €89,647 | -€14,863 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €104,510 | €89,647 | -€14,863 | -14.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.