Saadet: 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.
Saadet
Largest movements
- Receivables within one year +€14,119
up €14,119 (+596%), from €2,370 to €16,489
of which Trade receivables: +€14,675
- Tangible fixed assets -€8,333
down €8,333 (-2.9%), from €290,972 to €282,639
- Cash +€5,436
up €5,436 (+377%), from €1,441 to €6,877
mainly Net result for the year (+€15,165) and Other debts (+€13,857)
- Debts after one year -€20,793
down €20,793 (-8.6%), from €241,406 to €220,613
- Other debts +€13,857
up €13,857 (+39.8%), from €34,791 to €48,648
- Profit (loss) carried forward +€6,919
no longer reported in 2025 (was -€6,919)
- Reserves +€6,346
new in 2025: €6,346
- Gross operating margin +€6,826
up €6,826 (+26.7%), from €25,586 to €32,411
- Taxes +€2,411
new in 2025: €2,411
- Financial charges +€508
up €508 (+13.7%), from €3,712 to €4,219
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 | €294,784 | €306,005 | +€11,221 | +3.8% |
| Fixed assets | 21/28 | €290,972 | €282,639 | -€8,333 | -2.9% |
| Tangible fixed assets | 22/27 | €290,972 | €282,639 | -€8,333 | -2.9% |
| Land and buildings | 22 | €290,972 | €282,639 | -€8,333 | -2.9% |
| Current assets | 29/58 | €3,811 | €23,366 | +€19,555 | +513% |
| Amounts receivable within one year | 40/41 | €2,370 | €16,489 | +€14,119 | +596% |
| Trade receivables | 40 | €1,500 | €16,175 | +€14,675 | +978% |
| Other amounts receivable | 41 | €870 | €314 | -€556 | -63.9% |
| Cash at bank and in hand | 54/58 | €1,441 | €6,877 | +€5,436 | +377% |
| Total equity and liabilities | 10/49 | €294,784 | €306,005 | +€11,221 | +3.8% |
| Equity | 10/15 | -€1,919 | €11,346 | +€13,265 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €6,346 | +€6,346 | |
| Distributable reserves | 133 | - | €6,346 | +€6,346 | |
| Profit (loss) carried forward | 14 | -€6,919 | - | +€6,919 | |
| Amounts payable | 17/49 | €296,703 | €294,659 | -€2,044 | -0.7% |
| Amounts payable after more than one year | 17 | €241,406 | €220,613 | -€20,793 | -8.6% |
| Financial debts | 170/4 | €241,406 | €220,613 | -€20,793 | -8.6% |
| Amounts payable within one year | 42/48 | €55,297 | €74,046 | +€18,749 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | €20,506 | €20,793 | +€287 | +1.4% |
| Trade debts | 44 | - | €2,136 | +€2,136 | |
| Suppliers | 440/4 | - | €2,136 | +€2,136 | |
| Taxes, remuneration and social security | 45 | - | €2,469 | +€2,469 | |
| Taxes | 450/3 | - | €2,469 | +€2,469 | |
| Other amounts payable | 47/48 | €34,791 | €48,648 | +€13,857 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,333 | €8,333 | = | 0.0% |
| Other operating charges | 640/8 | €2,149 | €2,283 | +€134 | +6.2% |
| Gross operating margin | 9900 | €25,586 | €32,411 | +€6,826 | +26.7% |
| Operating profit (loss) | 9901 | €15,104 | €21,795 | +€6,692 | +44.3% |
| Financial charges | 65/66B | €3,712 | €4,219 | +€508 | +13.7% |
| Recurring financial charges | 65 | €3,712 | €4,219 | +€508 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €11,392 | €17,576 | +€6,184 | +54.3% |
| Income taxes | 67/77 | - | €2,411 | +€2,411 | |
| Profit (loss) for the period | 9904 | €11,392 | €15,165 | +€3,773 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,392 | €15,165 | +€3,773 | +33.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.