Saadallah Tamer: 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.
Saadallah Tamer
Largest movements
- Tangible fixed assets -€31,117
down €31,117 (-26.9%), from €115,731 to €84,614
- Cash +€30,176
up €30,176 (+34.9%), from €86,420 to €116,595
mainly Net result for the year (+€53,393) and Depreciation (+€31,117)
- Receivables within one year +€20,501
up €20,501 (+51.3%), from €39,996 to €60,497
of which Trade receivables: +€18,784
- Profit (loss) carried forward +€53,393
up €53,393 (+132%), from €40,395 to €93,788
- Debts after one year -€22,428
down €22,428 (-28.5%), from €78,784 to €56,356
- Tax, wage and social debts -€13,713
down €13,713 (-77.3%), from €17,734 to €4,020
of which Taxes: -€13,713
- Trade debts +€3,462
up €3,462 (+1,368%), from €253 to €3,715
- Provisions -€20,904
down €20,904, from €19,059 to -€1,844
- Financial charges +€11,145
up €11,145 (+29.5%), from €37,725 to €48,869
- Depreciation +€7,383
up €7,383 (+31.1%), from €23,734 to €31,117
- Gross operating margin +€6,732
up €6,732 (+4.7%), from €142,922 to €149,654
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 | €245,143 | €266,919 | +€21,776 | +8.9% |
| Fixed assets | 21/28 | €115,731 | €84,614 | -€31,117 | -26.9% |
| Tangible fixed assets | 22/27 | €115,731 | €84,614 | -€31,117 | -26.9% |
| Furniture and vehicles | 24 | €115,731 | €84,614 | -€31,117 | -26.9% |
| Current assets | 29/58 | €129,412 | €182,305 | +€52,893 | +40.9% |
| Amounts receivable within one year | 40/41 | €39,996 | €60,497 | +€20,501 | +51.3% |
| Trade receivables | 40 | €31,499 | €50,283 | +€18,784 | +59.6% |
| Other amounts receivable | 41 | €8,498 | €10,214 | +€1,717 | +20.2% |
| Cash at bank and in hand | 54/58 | €86,420 | €116,595 | +€30,176 | +34.9% |
| Deferred charges and accrued income | 490/1 | €2,996 | €5,213 | +€2,217 | +74.0% |
| Total equity and liabilities | 10/49 | €245,143 | €266,919 | +€21,776 | +8.9% |
| Equity | 10/15 | €78,395 | €131,788 | +€53,393 | +68.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,395 | €93,788 | +€53,393 | +132% |
| Provisions and deferred taxes | 16 | €44,931 | €43,087 | -€1,844 | -4.1% |
| Provisions for liabilities and charges | 160/5 | €44,931 | €43,087 | -€1,844 | -4.1% |
| Other liabilities and charges | 164/5 | €44,931 | €43,087 | -€1,844 | -4.1% |
| Amounts payable | 17/49 | €121,817 | €92,044 | -€29,773 | -24.4% |
| Amounts payable after more than one year | 17 | €78,784 | €56,356 | -€22,428 | -28.5% |
| Financial debts | 170/4 | €78,784 | €56,356 | -€22,428 | -28.5% |
| Amounts payable within one year | 42/48 | €43,033 | €35,688 | -€7,345 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €21,786 | €22,428 | +€643 | +2.9% |
| Trade debts | 44 | €253 | €3,715 | +€3,462 | +1,368% |
| Suppliers | 440/4 | €253 | €3,715 | +€3,462 | +1,368% |
| Taxes, remuneration and social security | 45 | €17,734 | €4,020 | -€13,713 | -77.3% |
| Taxes | 450/3 | €14,870 | €1,157 | -€13,713 | -92.2% |
| Remuneration and social security | 454/9 | €2,864 | €2,864 | = | 0.0% |
| Other amounts payable | 47/48 | €3,260 | €5,525 | +€2,264 | +69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,734 | €31,117 | +€7,383 | +31.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €19,059 | -€1,844 | -€20,904 | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Non-recurring operating charges | 66A | €7,878 | - | -€7,878 | |
| Gross operating margin | 9900 | €142,922 | €149,654 | +€6,732 | +4.7% |
| Operating profit (loss) | 9901 | €92,133 | €120,261 | +€28,129 | +30.5% |
| Financial income | 75/76B | €1 | €118 | +€117 | +14,593% |
| Recurring financial income | 75 | €1 | €118 | +€117 | +14,593% |
| Financial charges | 65/66B | €37,725 | €48,869 | +€11,145 | +29.5% |
| Recurring financial charges | 65 | €37,725 | €48,869 | +€11,145 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €54,409 | €71,510 | +€17,101 | +31.4% |
| Income taxes | 67/77 | €17,940 | €18,117 | +€177 | +1.0% |
| Profit (loss) for the period | 9904 | €36,469 | €53,393 | +€16,924 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,469 | €53,393 | +€16,924 | +46.4% |
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 1 November 2026 via checked.be.