PROXY SAINT-JOSSE: 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.
PROXY SAINT-JOSSE
Largest movements
- Cash +€145,847
up €145,847 (+9.4%), from €1.6m to €1.7m
mainly Other debts (+€1.3m) and Net result for the year (+€397,274)
- Deferred charges and accrued income +€88,045
up €88,045 (+139%), from €63,273 to €151,318
- Stocks and contracts +€72,109
up €72,109 (+41.2%), from €175,140 to €247,250
- Other debts +€1.3m
up €1.3m (+254%), from €528,012 to €1.9m
- Reserves -€790,000
down €790,000 (-97.5%), from €810,000 to €20,000
of which Distributable reserves: -€790,000
- Profit (loss) carried forward -€177,726
down €177,726 (-96.9%), from €183,404 to €5,678
- Trade debts -€68,899
down €68,899 (-7.3%), from €938,512 to €869,613
- Gross operating margin +€169,242
up €169,242 (+12.5%), from €1.4m to €1.5m
- Staff costs +€57,930
up €57,930 (+6.6%), from €876,362 to €934,292
- Taxes +€25,963
up €25,963 (+24.1%), from €107,801 to €133,763
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,943,968 | €3,247,546 | +€303,577 | +10.3% |
| Fixed assets | 21/28 | €94,542 | €81,924 | -€12,618 | -13.3% |
| Tangible fixed assets | 22/27 | €69,537 | €56,919 | -€12,618 | -18.1% |
| Plant, machinery and equipment | 23 | €30,619 | €31,153 | +€534 | +1.7% |
| Furniture and vehicles | 24 | €38,918 | €25,766 | -€13,152 | -33.8% |
| Financial fixed assets | 28 | €25,005 | €25,005 | = | 0.0% |
| Current assets | 29/58 | €2,849,426 | €3,165,621 | +€316,196 | +11.1% |
| Stocks and contracts in progress | 3 | €175,140 | €247,250 | +€72,109 | +41.2% |
| Stocks | 30/36 | €175,140 | €247,250 | +€72,109 | +41.2% |
| Amounts receivable within one year | 40/41 | €54,401 | €53,176 | -€1,226 | -2.3% |
| Trade receivables | 40 | €54,401 | €49,340 | -€5,061 | -9.3% |
| Other amounts receivable | 41 | - | €3,835 | +€3,835 | |
| Current investments | 50/53 | €1,006,238 | €1,017,658 | +€11,420 | +1.1% |
| Cash at bank and in hand | 54/58 | €1,550,373 | €1,696,220 | +€145,847 | +9.4% |
| Deferred charges and accrued income | 490/1 | €63,273 | €151,318 | +€88,045 | +139% |
| Total equity and liabilities | 10/49 | €2,943,968 | €3,247,546 | +€303,577 | +10.3% |
| Equity | 10/15 | €1,193,404 | €225,678 | -€967,726 | -81.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €810,000 | €20,000 | -€790,000 | -97.5% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €790,000 | - | -€790,000 | |
| Profit (loss) carried forward | 14 | €183,404 | €5,678 | -€177,726 | -96.9% |
| Amounts payable | 17/49 | €1,750,564 | €3,021,868 | +€1.3m | +72.6% |
| Amounts payable within one year | 42/48 | €1,673,829 | €2,914,878 | +€1.2m | +74.1% |
| Trade debts | 44 | €938,512 | €869,613 | -€68,899 | -7.3% |
| Suppliers | 440/4 | €938,512 | €869,613 | -€68,899 | -7.3% |
| Taxes, remuneration and social security | 45 | €207,305 | €175,866 | -€31,440 | -15.2% |
| Taxes | 450/3 | €61,198 | €52,744 | -€8,454 | -13.8% |
| Remuneration and social security | 454/9 | €146,108 | €123,122 | -€22,986 | -15.7% |
| Other amounts payable | 47/48 | €528,012 | €1,869,399 | +€1.3m | +254% |
| Accrued charges and deferred income | 492/3 | €76,735 | €106,990 | +€30,255 | +39.4% |
| Remuneration, social security and pensions | 62 | €876,362 | €934,292 | +€57,930 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,425 | €27,380 | +€955 | +3.6% |
| Other operating charges | 640/8 | €11,905 | €9,071 | -€2,834 | -23.8% |
| Gross operating margin | 9900 | €1,357,822 | €1,527,063 | +€169,242 | +12.5% |
| Operating profit (loss) | 9901 | €443,129 | €556,320 | +€113,191 | +25.5% |
| Financial income | 75/76B | €9,636 | €16,906 | +€7,270 | +75.5% |
| Recurring financial income | 75 | €9,636 | €16,906 | +€7,270 | +75.5% |
| Financial charges | 65/66B | €35,129 | €42,189 | +€7,061 | +20.1% |
| Recurring financial charges | 65 | €35,129 | €42,189 | +€7,061 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €417,636 | €531,037 | +€113,401 | +27.2% |
| Income taxes | 67/77 | €107,801 | €133,763 | +€25,963 | +24.1% |
| Profit (loss) for the period | 9904 | €309,836 | €397,274 | +€87,438 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €309,836 | €397,274 | +€87,438 | +28.2% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.