S.A.I.: 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.
S.A.I.
Largest movements
- Receivables within one year -€104,981
down €104,981 (-25.7%), from €409,243 to €304,263
- Cash +€88,646
up €88,646 (+1,549%), from €5,724 to €94,370
mainly Receivables within one year (+€104,981) and Net result for the year (+€52,677)
- Profit (loss) carried forward -€17,323
down €17,323 (-69.0%), from €25,091 to €7,768
- Other debts +€10,000
up €10,000 (+6.3%), from €158,800 to €168,800
- Tax, wage and social debts -€5,590
down €5,590 (-6.3%), from €88,300 to €82,710
of which Taxes: -€3,090
- Trade debts -€4,305
down €4,305 (-5.2%), from €83,426 to €79,122
- Gross operating margin +€78,826
up €78,826 (+34.3%), from €229,503 to €308,329
- Staff costs +€64,168
up €64,168 (+37.6%), from €170,560 to €234,728
- Taxes +€3,580
up €3,580 (+23.8%), from €15,012 to €18,591
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 | €423,818 | €406,600 | -€17,218 | -4.1% |
| Fixed assets | 21/28 | €2,725 | €1,098 | -€1,626 | -59.7% |
| Tangible fixed assets | 22/27 | €2,725 | €1,098 | -€1,626 | -59.7% |
| Plant, machinery and equipment | 23 | €2,725 | €1,098 | -€1,626 | -59.7% |
| Current assets | 29/58 | €421,093 | €405,502 | -€15,591 | -3.7% |
| Amounts receivable within one year | 40/41 | €409,243 | €304,263 | -€104,981 | -25.7% |
| Trade receivables | 40 | €409,243 | €304,263 | -€104,981 | -25.7% |
| Cash at bank and in hand | 54/58 | €5,724 | €94,370 | +€88,646 | +1,549% |
| Deferred charges and accrued income | 490/1 | €6,126 | €6,869 | +€744 | +12.1% |
| Total equity and liabilities | 10/49 | €423,818 | €406,600 | -€17,218 | -4.1% |
| Equity | 10/15 | €93,291 | €75,968 | -€17,323 | -18.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,091 | €7,768 | -€17,323 | -69.0% |
| Amounts payable | 17/49 | €330,527 | €330,632 | +€105 | 0.0% |
| Amounts payable within one year | 42/48 | €330,527 | €330,632 | +€105 | 0.0% |
| Trade debts | 44 | €83,426 | €79,122 | -€4,305 | -5.2% |
| Suppliers | 440/4 | €83,426 | €79,122 | -€4,305 | -5.2% |
| Taxes, remuneration and social security | 45 | €88,300 | €82,710 | -€5,590 | -6.3% |
| Taxes | 450/3 | €33,907 | €30,818 | -€3,090 | -9.1% |
| Remuneration and social security | 454/9 | €54,393 | €51,893 | -€2,500 | -4.6% |
| Other amounts payable | 47/48 | €158,800 | €168,800 | +€10,000 | +6.3% |
| Remuneration, social security and pensions | 62 | €170,560 | €234,728 | +€64,168 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,861 | €1,626 | -€235 | -12.6% |
| Other operating charges | 640/8 | €1,905 | €400 | -€1,505 | -79.0% |
| Non-recurring operating charges | 66A | €139 | €1 | -€138 | -99.6% |
| Gross operating margin | 9900 | €229,503 | €308,329 | +€78,826 | +34.3% |
| Operating profit (loss) | 9901 | €55,038 | €71,574 | +€16,535 | +30.0% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €430 | €354 | -€76 | -17.7% |
| Recurring financial charges | 65 | €430 | €354 | -€76 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €54,609 | €71,268 | +€16,659 | +30.5% |
| Income taxes | 67/77 | €15,012 | €18,591 | +€3,580 | +23.8% |
| Profit (loss) for the period | 9904 | €39,597 | €52,677 | +€13,080 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,597 | €52,677 | +€13,080 | +33.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.