LE SAINT GERMAIN: 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.
LE SAINT GERMAIN
Largest movements
- Receivables within one year -€223,148
down €223,148 (-67.6%), from €330,141 to €106,993
of which Other amounts receivable: -€220,115
- Tangible fixed assets -€11,066
down €11,066 (-26.9%), from €41,119 to €30,053
of which Furniture and vehicles: -€10,367
- Other debts -€250,000
no longer reported in 2025 (was €250,000)
- Tax, wage and social debts +€15,160
up €15,160 (+12.0%), from €125,966 to €141,126
of which Remuneration and social security: +€11,574
- Gross operating margin -€262,911
down €262,911 (-30.3%), from €866,394 to €603,483
- Taxes -€116,473
down €116,473 (-97.9%), from €119,030 to €2,557
- Staff costs +€114,625
up €114,625 (+26.0%), from €441,704 to €556,329
- Other operating charges -€9,419
down €9,419 (-33.2%), from €28,398 to €18,979
- Financial charges -€8,958
down €8,958 (-50.1%), from €17,898 to €8,940
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.
Derived cash bridge
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 | €1,052,540 | €826,017 | -€226,523 | -21.5% |
| Fixed assets | 21/28 | €41,119 | €30,053 | -€11,066 | -26.9% |
| Tangible fixed assets | 22/27 | €41,119 | €30,053 | -€11,066 | -26.9% |
| Plant, machinery and equipment | 23 | €2,405 | €1,706 | -€699 | -29.1% |
| Furniture and vehicles | 24 | €38,714 | €28,347 | -€10,367 | -26.8% |
| Current assets | 29/58 | €1,011,421 | €795,964 | -€215,457 | -21.3% |
| Stocks and contracts in progress | 3 | €9,586 | €16,809 | +€7,223 | +75.3% |
| Stocks | 30/36 | €9,586 | €16,809 | +€7,223 | +75.3% |
| Amounts receivable within one year | 40/41 | €330,141 | €106,993 | -€223,148 | -67.6% |
| Trade receivables | 40 | €3,033 | - | -€3,033 | |
| Other amounts receivable | 41 | €327,108 | €106,993 | -€220,115 | -67.3% |
| Cash at bank and in hand | 54/58 | €666,703 | €667,414 | +€711 | +0.1% |
| Deferred charges and accrued income | 490/1 | €4,991 | €4,748 | -€243 | -4.9% |
| Total equity and liabilities | 10/49 | €1,052,540 | €826,017 | -€226,523 | -21.5% |
| Equity | 10/15 | €567,290 | €572,137 | +€4,847 | +0.9% |
| Contributions | 10/11 | €235,499 | €235,499 | = | 0.0% |
| Capital | 10 | €235,499 | €235,499 | = | 0.0% |
| Issued capital | 100 | €235,499 | €235,499 | = | 0.0% |
| Reserves | 13 | €5,546 | €5,546 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,100 | €5,100 | = | 0.0% |
| Legal reserve | 130 | €5,100 | €5,100 | = | 0.0% |
| Distributable reserves | 133 | €446 | €446 | = | 0.0% |
| Profit (loss) carried forward | 14 | €326,245 | €331,092 | +€4,847 | +1.5% |
| Amounts payable | 17/49 | €485,250 | €253,880 | -€231,370 | -47.7% |
| Amounts payable after more than one year | 17 | €26,114 | €17,600 | -€8,514 | -32.6% |
| Financial debts | 170/4 | €26,114 | €17,600 | -€8,514 | -32.6% |
| Amounts payable within one year | 42/48 | €459,136 | €236,280 | -€222,856 | -48.5% |
| Current portion of amounts payable after more than one year | 42 | €48,086 | €50,337 | +€2,251 | +4.7% |
| Trade debts | 44 | €35,084 | €44,817 | +€9,733 | +27.7% |
| Suppliers | 440/4 | €35,084 | €44,817 | +€9,733 | +27.7% |
| Taxes, remuneration and social security | 45 | €125,966 | €141,126 | +€15,160 | +12.0% |
| Taxes | 450/3 | €70,877 | €74,463 | +€3,586 | +5.1% |
| Remuneration and social security | 454/9 | €55,089 | €66,663 | +€11,574 | +21.0% |
| Other amounts payable | 47/48 | €250,000 | - | -€250,000 | |
| Remuneration, social security and pensions | 62 | €441,704 | €556,329 | +€114,625 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,601 | €11,066 | +€465 | +4.4% |
| Other operating charges | 640/8 | €28,398 | €18,979 | -€9,419 | -33.2% |
| Non-recurring operating charges | 66A | €3,442 | €1,730 | -€1,712 | -49.7% |
| Gross operating margin | 9900 | €866,394 | €603,483 | -€262,911 | -30.3% |
| Operating profit (loss) | 9901 | €382,249 | €15,379 | -€366,870 | -96.0% |
| Financial income | 75/76B | €369 | €965 | +€596 | +162% |
| Recurring financial income | 75 | €369 | €965 | +€596 | +162% |
| Financial charges | 65/66B | €17,898 | €8,940 | -€8,958 | -50.1% |
| Recurring financial charges | 65 | €17,898 | €8,940 | -€8,958 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €364,720 | €7,404 | -€357,316 | -98.0% |
| Income taxes | 67/77 | €119,030 | €2,557 | -€116,473 | -97.9% |
| Profit (loss) for the period | 9904 | €245,690 | €4,847 | -€240,843 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €245,690 | €4,847 | -€240,843 | -98.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.