S.A.J.L.: 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.J.L.
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts -€17,974
no longer reported in 2025 (was €17,974)
- Short-term financial debts +€13,000
new in 2025: €13,000
- Reserves +€8,286
up €8,286 (+2.4%), from €351,257 to €359,544
- Tax, wage and social debts +€6,771
up €6,771 (+143%), from €4,750 to €11,521
- Trade debts -€6,049
down €6,049 (-75.5%), from €8,014 to €1,965
- Gross operating margin +€33,031
up €33,031 (+104%), from €31,831 to €64,862
- Taxes +€9,749
up €9,749 (+131%), from €7,461 to €17,210
- Financial charges -€1,296
down €1,296 (-26.0%), from €4,983 to €3,687
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 | €400,596 | €404,630 | +€4,034 | +1.0% |
| Fixed assets | 21/28 | €400,209 | €400,209 | = | 0.0% |
| Financial fixed assets | 28 | €400,209 | €400,209 | = | 0.0% |
| Current assets | 29/58 | €387 | €4,421 | +€4,034 | +1,042% |
| Amounts receivable within one year | 40/41 | €376 | €4,269 | +€3,893 | +1,036% |
| Other amounts receivable | 41 | €376 | €4,269 | +€3,893 | +1,036% |
| Cash at bank and in hand | 54/58 | €11 | €153 | +€141 | +1,254% |
| Total equity and liabilities | 10/49 | €400,596 | €404,630 | +€4,034 | +1.0% |
| Equity | 10/15 | €369,857 | €378,144 | +€8,286 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €351,257 | €359,544 | +€8,286 | +2.4% |
| Distributable reserves | 133 | €351,257 | €359,544 | +€8,286 | +2.4% |
| Amounts payable | 17/49 | €30,739 | €26,486 | -€4,252 | -13.8% |
| Amounts payable within one year | 42/48 | €30,739 | €26,486 | -€4,252 | -13.8% |
| Financial debts | 43 | - | €13,000 | +€13,000 | |
| Credit institutions | 430/8 | - | €13,000 | +€13,000 | |
| Trade debts | 44 | €8,014 | €1,965 | -€6,049 | -75.5% |
| Suppliers | 440/4 | €8,014 | €1,965 | -€6,049 | -75.5% |
| Taxes, remuneration and social security | 45 | €4,750 | €11,521 | +€6,771 | +143% |
| Taxes | 450/3 | €4,750 | €11,521 | +€6,771 | +143% |
| Other amounts payable | 47/48 | €17,974 | - | -€17,974 | |
| Other operating charges | 640/8 | €662 | €680 | +€18 | +2.7% |
| Non-recurring operating charges | 66A | €356 | - | -€356 | |
| Gross operating margin | 9900 | €31,831 | €64,862 | +€33,031 | +104% |
| Operating profit (loss) | 9901 | €30,813 | €64,182 | +€33,369 | +108% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,983 | €3,687 | -€1,296 | -26.0% |
| Recurring financial charges | 65 | €4,983 | €3,687 | -€1,296 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €25,830 | €60,496 | +€34,667 | +134% |
| Income taxes | 67/77 | €7,461 | €17,210 | +€9,749 | +131% |
| Profit (loss) for the period | 9904 | €18,369 | €43,286 | +€24,918 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €18,369 | €43,286 | +€24,918 | +136% |
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 28 October 2026 via checked.be.