S SAAD: 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 SAAD
Largest movements
- Cash +€12,345
up €12,345 (+98.0%), from €12,591 to €24,936
mainly Other debts (+€10,736) and Net result for the year (+€5,248)
- Tangible fixed assets -€2,598
down €2,598 (-27.1%), from €9,581 to €6,983
of which Plant, machinery and equipment: -€2,400
- Stocks and contracts +€1,379
up €1,379 (+8.1%), from €17,115 to €18,494
- Receivables within one year -€1,044
down €1,044 (-5.2%), from €20,058 to €19,014
of which Other amounts receivable: -€969
- Other debts +€10,736
up €10,736 (+22.3%), from €48,103 to €58,839
- Trade debts -€6,141
down €6,141 (-50.2%), from €12,231 to €6,090
- Profit (loss) carried forward +€5,248
up €5,248 (+27.2%), from -€19,274 to -€14,026
- Staff costs +€12,671
new in 2024: €12,671
- Gross operating margin +€8,878
up €8,878 (+62.6%), from €14,190 to €23,068
- Other operating charges -€4,636
down €4,636 (-82.3%), from €5,631 to €995
- Taxes +€1,505
new in 2024: €1,505
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,284 | €72,365 | +€10,081 | +16.2% |
| Fixed assets | 21/28 | €12,520 | €9,922 | -€2,598 | -20.8% |
| Tangible fixed assets | 22/27 | €9,581 | €6,983 | -€2,598 | -27.1% |
| Plant, machinery and equipment | 23 | €9,199 | €6,799 | -€2,400 | -26.1% |
| Furniture and vehicles | 24 | €382 | €184 | -€198 | -51.9% |
| Financial fixed assets | 28 | €2,939 | €2,939 | = | 0.0% |
| Current assets | 29/58 | €49,764 | €62,443 | +€12,679 | +25.5% |
| Stocks and contracts in progress | 3 | €17,115 | €18,494 | +€1,379 | +8.1% |
| Stocks | 30/36 | €17,115 | €18,494 | +€1,379 | +8.1% |
| Amounts receivable within one year | 40/41 | €20,058 | €19,014 | -€1,044 | -5.2% |
| Trade receivables | 40 | €18,528 | €18,452 | -€76 | -0.4% |
| Other amounts receivable | 41 | €1,531 | €562 | -€969 | -63.3% |
| Cash at bank and in hand | 54/58 | €12,591 | €24,936 | +€12,345 | +98.0% |
| Total equity and liabilities | 10/49 | €62,284 | €72,365 | +€10,081 | +16.2% |
| Equity | 10/15 | €1,186 | €6,434 | +€5,248 | +443% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,274 | -€14,026 | +€5,248 | +27.2% |
| Amounts payable | 17/49 | €61,098 | €65,931 | +€4,833 | +7.9% |
| Amounts payable within one year | 42/48 | €61,098 | €65,931 | +€4,833 | +7.9% |
| Trade debts | 44 | €12,231 | €6,090 | -€6,141 | -50.2% |
| Suppliers | 440/4 | €12,231 | €6,090 | -€6,141 | -50.2% |
| Taxes, remuneration and social security | 45 | €765 | €1,002 | +€237 | +31.0% |
| Remuneration and social security | 454/9 | €765 | €1,002 | +€237 | +31.0% |
| Other amounts payable | 47/48 | €48,103 | €58,839 | +€10,736 | +22.3% |
| Remuneration, social security and pensions | 62 | - | €12,671 | +€12,671 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,598 | €2,598 | = | 0.0% |
| Other operating charges | 640/8 | €5,631 | €995 | -€4,636 | -82.3% |
| Gross operating margin | 9900 | €14,190 | €23,068 | +€8,878 | +62.6% |
| Operating profit (loss) | 9901 | €5,961 | €6,804 | +€843 | +14.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €48 | €51 | +€3 | +6.3% |
| Recurring financial charges | 65 | €48 | €51 | +€3 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €5,913 | €6,753 | +€841 | +14.2% |
| Income taxes | 67/77 | - | €1,505 | +€1,505 | |
| Profit (loss) for the period | 9904 | €5,913 | €5,248 | -€664 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,913 | €5,248 | -€664 | -11.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.