SAAM: what changed
Two fiscal 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.
SAAM
Largest movements
- Receivables within one year +€34,469
up €34,469 (+307.3%), from €11,218 to €45,687
of which Trade receivables: +€34,469
- Cash -€11,546
down €11,546 (-88.0%), from €13,120 to €1,574
mainly Receivables within one year (-€34,469) and Contributions, distributions and other (-€10,000)
- Deferred charges and accrued income -€1,850
down €1,850 (-87.0%), from €2,125 to €275
- Receivables after one year -€1,254
down €1,254 (-2.3%), from €55,543 to €54,288
- Reserves +€9,280
up €9,280 (+55.3%), from €16,768 to €26,047
- Tax, wage and social debts +€7,827
up €7,827 (+212.7%), from €3,680 to €11,507
- Other debts +€3,500
up €3,500 (+38.7%), from €9,036 to €12,536
- Gross operating margin +€16,675
up €16,675 (+104.3%), from €15,993 to €32,668
- Depreciation -€10,330
no longer reported in 2025 (was €10,330)
- Taxes +€7,730
up €7,730 (+260.4%), from €2,968 to €10,698
- Financial income -€1,483
no longer reported in 2025 (was €1,483)
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.
Cash bridge derived
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 | €82,530 | €102,349 | +€19,819 | +24.0% |
| Fixed assets | 21/28 | €524 | €524 | = | 0.0% |
| Financial fixed assets | 28 | €524 | €524 | = | 0.0% |
| Current assets | 29/58 | €82,006 | €101,825 | +€19,819 | +24.2% |
| Amounts receivable after more than one year | 29 | €55,543 | €54,288 | -€1,254 | -2.3% |
| Other amounts receivable | 291 | €55,543 | €54,288 | -€1,254 | -2.3% |
| Amounts receivable within one year | 40/41 | €11,218 | €45,687 | +€34,469 | +307.3% |
| Trade receivables | 40 | €1,218 | €35,687 | +€34,469 | +2830.4% |
| Other amounts receivable | 41 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,120 | €1,574 | -€11,546 | -88.0% |
| Deferred charges and accrued income | 490/1 | €2,125 | €275 | -€1,850 | -87.0% |
| Total equity and liabilities | 10/49 | €82,530 | €102,349 | +€19,819 | +24.0% |
| Equity | 10/15 | €35,368 | €44,647 | +€9,280 | +26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,768 | €26,047 | +€9,280 | +55.3% |
| Distributable reserves | 133 | €16,768 | €26,047 | +€9,280 | +55.3% |
| Amounts payable | 17/49 | €47,163 | €57,702 | +€10,539 | +22.3% |
| Amounts payable within one year | 42/48 | €44,899 | €55,438 | +€10,539 | +23.5% |
| Trade debts | 44 | €32,183 | €31,395 | -€788 | -2.4% |
| Suppliers | 440/4 | €32,183 | €31,395 | -€788 | -2.4% |
| Taxes, remuneration and social security | 45 | €3,680 | €11,507 | +€7,827 | +212.7% |
| Taxes | 450/3 | €3,680 | €11,507 | +€7,827 | +212.7% |
| Other amounts payable | 47/48 | €9,036 | €12,536 | +€3,500 | +38.7% |
| Accrued charges and deferred income | 492/3 | €2,264 | €2,264 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,330 | - | -€10,330 | |
| Other operating charges | 640/8 | €1,908 | €2,120 | +€212 | +11.1% |
| Gross operating margin | 9900 | €15,993 | €32,668 | +€16,675 | +104.3% |
| Operating profit (loss) | 9901 | €3,754 | €30,548 | +€26,794 | +713.6% |
| Financial income | 75/76B | €1,483 | - | -€1,483 | |
| Recurring financial income | 75 | €1,483 | - | -€1,483 | |
| Financial charges | 65/66B | €628 | €571 | -€57 | -9.1% |
| Recurring financial charges | 65 | €628 | €571 | -€57 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €4,609 | €29,977 | +€25,368 | +550.5% |
| Income taxes | 67/77 | €2,968 | €10,698 | +€7,730 | +260.4% |
| Profit (loss) for the period | 9904 | €1,641 | €19,280 | +€17,639 | +1075.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,641 | €19,280 | +€17,639 | +1075.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.