S.A.W.Consulting: 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.W.Consulting
Largest movements
- Current investments -€159,811
down €159,811 (-86.6%), from €184,582 to €24,770
- Cash +€92,921
up €92,921 (+172%), from €53,942 to €146,863
mainly Current investments (+€159,811) and Net result for the year (+€16,751)
- Financial fixed assets +€64,691
up €64,691 (+41.8%), from €154,790 to €219,480
- Other debts -€27,408
down €27,408 (-77.7%), from €35,287 to €7,879
- Profit (loss) carried forward +€16,751
up €16,751 (+1.5%), from -€1.1m to -€1.1m
- Tax, wage and social debts +€4,408
up €4,408 (+52.5%), from €8,400 to €12,808
- Gross operating margin -€4,734
down €4,734 (-29.1%), from €16,269 to €11,535
- Financial income +€3,445
up €3,445 (+31.9%), from €10,814 to €14,259
- Depreciation +€2,945
up €2,945 (+974%), from €303 to €3,248
- Taxes +€1,112
up €1,112 (+34.5%), from €3,229 to €4,341
- Financial charges +€199
up €199 (+27.3%), from €728 to €927
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 | €415,235 | €408,051 | -€7,183 | -1.7% |
| Fixed assets | 21/28 | €170,727 | €232,170 | +€61,443 | +36.0% |
| Tangible fixed assets | 22/27 | €15,937 | €12,689 | -€3,248 | -20.4% |
| Furniture and vehicles | 24 | €15,937 | €12,689 | -€3,248 | -20.4% |
| Financial fixed assets | 28 | €154,790 | €219,480 | +€64,691 | +41.8% |
| Current assets | 29/58 | €244,508 | €175,882 | -€68,626 | -28.1% |
| Amounts receivable within one year | 40/41 | €4,342 | €3,192 | -€1,150 | -26.5% |
| Trade receivables | 40 | €4,166 | €3,192 | -€974 | -23.4% |
| Other amounts receivable | 41 | €176 | - | -€176 | |
| Current investments | 50/53 | €184,582 | €24,770 | -€159,811 | -86.6% |
| Cash at bank and in hand | 54/58 | €53,942 | €146,863 | +€92,921 | +172% |
| Deferred charges and accrued income | 490/1 | €1,642 | €1,056 | -€586 | -35.7% |
| Total equity and liabilities | 10/49 | €415,235 | €408,051 | -€7,183 | -1.7% |
| Equity | 10/15 | €369,888 | €386,639 | +€16,751 | +4.5% |
| Contributions | 10/11 | €705,464 | €705,464 | = | 0.0% |
| Capital | 10 | €705,464 | €705,464 | = | 0.0% |
| Issued capital | 100 | €705,464 | €705,464 | = | 0.0% |
| Reserves | 13 | €797,570 | €797,570 | = | 0.0% |
| Non-distributable reserves | 130/1 | €99,157 | €99,157 | = | 0.0% |
| Legal reserve | 130 | €99,157 | €99,157 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,078 | €42,078 | = | 0.0% |
| Distributable reserves | 133 | €656,334 | €656,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,133,146 | -€1,116,395 | +€16,751 | +1.5% |
| Amounts payable | 17/49 | €45,347 | €21,413 | -€23,934 | -52.8% |
| Amounts payable within one year | 42/48 | €45,347 | €21,413 | -€23,934 | -52.8% |
| Trade debts | 44 | €1,660 | €726 | -€934 | -56.3% |
| Suppliers | 440/4 | €1,660 | €726 | -€934 | -56.3% |
| Taxes, remuneration and social security | 45 | €8,400 | €12,808 | +€4,408 | +52.5% |
| Taxes | 450/3 | €8,400 | €12,808 | +€4,408 | +52.5% |
| Other amounts payable | 47/48 | €35,287 | €7,879 | -€27,408 | -77.7% |
| Non-recurring operating income | 76A | €1,434 | - | -€1,434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303 | €3,248 | +€2,945 | +974% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €16,269 | €11,535 | -€4,734 | -29.1% |
| Operating profit (loss) | 9901 | €15,453 | €7,759 | -€7,694 | -49.8% |
| Financial income | 75/76B | €10,814 | €14,259 | +€3,445 | +31.9% |
| Recurring financial income | 75 | €10,814 | €14,259 | +€3,445 | +31.9% |
| Financial charges | 65/66B | €728 | €927 | +€199 | +27.3% |
| Recurring financial charges | 65 | €728 | €927 | +€199 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €25,539 | €21,092 | -€4,448 | -17.4% |
| Income taxes | 67/77 | €3,229 | €4,341 | +€1,112 | +34.5% |
| Profit (loss) for the period | 9904 | €22,311 | €16,751 | -€5,560 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,311 | €16,751 | -€5,560 | -24.9% |
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.