Saadri: 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.
Saadri
Largest movements
- Receivables within one year +€29,775
up €29,775 (+74.2%), from €40,108 to €69,883
of which Other amounts receivable: +€24,890
- Cash -€23,692
down €23,692 (-60.2%), from €39,373 to €15,681
mainly Investment in fixed assets (net) (-€42,830) and Receivables within one year (-€29,775)
- Tangible fixed assets +€20,191
up €20,191 (+61.0%), from €33,076 to €53,267
of which Furniture and vehicles: +€31,008
- Debts after one year +€28,462
up €28,462 (+285%), from €10,000 to €38,462
- Other debts -€19,655
down €19,655 (-45.9%), from €42,827 to €23,172
- Trade debts +€8,510
up €8,510 (+77.5%), from €10,976 to €19,486
- Current portion of long-term debt +€7,885
new in 2025: €7,885
- Reserves -€5,874
down €5,874 (-21.0%), from €28,006 to €22,132
of which Distributable reserves: -€5,874
- Depreciation +€12,456
up €12,456 (+122%), from €10,183 to €22,639
- Other operating charges +€7,593
up €7,593 (+257%), from €2,960 to €10,552
- Gross operating margin -€5,681
down €5,681 (-8.1%), from €70,169 to €64,489
- Financial charges +€1,831
up €1,831 (+80.6%), from €2,270 to €4,101
- Taxes +€1,624
up €1,624 (+138%), from €1,178 to €2,802
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 | €118,066 | €143,253 | +€25,187 | +21.3% |
| Fixed assets | 21/28 | €33,201 | €53,392 | +€20,191 | +60.8% |
| Tangible fixed assets | 22/27 | €33,076 | €53,267 | +€20,191 | +61.0% |
| Plant, machinery and equipment | 23 | €32,398 | €21,920 | -€10,478 | -32.3% |
| Furniture and vehicles | 24 | - | €31,008 | +€31,008 | |
| Other tangible fixed assets | 26 | €679 | €339 | -€339 | -50.0% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €84,865 | €89,861 | +€4,996 | +5.9% |
| Stocks and contracts in progress | 3 | €4,671 | €3,867 | -€803 | -17.2% |
| Stocks | 30/36 | €4,671 | €3,867 | -€803 | -17.2% |
| Amounts receivable within one year | 40/41 | €40,108 | €69,883 | +€29,775 | +74.2% |
| Trade receivables | 40 | €2,097 | €6,982 | +€4,885 | +233% |
| Other amounts receivable | 41 | €38,010 | €62,900 | +€24,890 | +65.5% |
| Cash at bank and in hand | 54/58 | €39,373 | €15,681 | -€23,692 | -60.2% |
| Deferred charges and accrued income | 490/1 | €713 | €430 | -€283 | -39.7% |
| Total equity and liabilities | 10/49 | €118,066 | €143,253 | +€25,187 | +21.3% |
| Equity | 10/15 | €46,606 | €40,732 | -€5,874 | -12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,006 | €22,132 | -€5,874 | -21.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €26,146 | €20,272 | -€5,874 | -22.5% |
| Amounts payable | 17/49 | €71,460 | €102,521 | +€31,061 | +43.5% |
| Amounts payable after more than one year | 17 | €10,000 | €38,462 | +€28,462 | +285% |
| Financial debts | 170/4 | €10,000 | €38,462 | +€28,462 | +285% |
| Amounts payable within one year | 42/48 | €61,460 | €64,059 | +€2,599 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,885 | +€7,885 | |
| Trade debts | 44 | €10,976 | €19,486 | +€8,510 | +77.5% |
| Suppliers | 440/4 | €10,976 | €19,486 | +€8,510 | +77.5% |
| Taxes, remuneration and social security | 45 | €7,657 | €13,516 | +€5,859 | +76.5% |
| Taxes | 450/3 | €4,644 | €11,102 | +€6,458 | +139% |
| Remuneration and social security | 454/9 | €3,013 | €2,414 | -€599 | -19.9% |
| Other amounts payable | 47/48 | €42,827 | €23,172 | -€19,655 | -45.9% |
| Remuneration, social security and pensions | 62 | €31,293 | €30,270 | -€1,023 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,183 | €22,639 | +€12,456 | +122% |
| Other operating charges | 640/8 | €2,960 | €10,552 | +€7,593 | +257% |
| Gross operating margin | 9900 | €70,169 | €64,489 | -€5,681 | -8.1% |
| Operating profit (loss) | 9901 | €25,733 | €1,027 | -€24,706 | -96.0% |
| Financial income | 75/76B | €52 | €2 | -€49 | -95.9% |
| Recurring financial income | 75 | €52 | €2 | -€49 | -95.9% |
| Financial charges | 65/66B | €2,270 | €4,101 | +€1,831 | +80.6% |
| Recurring financial charges | 65 | €2,270 | €4,101 | +€1,831 | +80.6% |
| Profit (loss) for the period before taxes | 9903 | €23,514 | -€3,072 | -€26,586 | |
| Income taxes | 67/77 | €1,178 | €2,802 | +€1,624 | +138% |
| Profit (loss) for the period | 9904 | €22,337 | -€5,874 | -€28,210 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,337 | -€5,874 | -€28,210 |
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 25 October 2026 via checked.be.