SAAR: 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.
SAAR
Largest movements
- Tangible fixed assets +€9,281
up €9,281 (+78.8%), from €11,785 to €21,066
of which Furniture and vehicles: +€9,881
- Receivables within one year +€7,898
up €7,898 (+26.6%), from €29,704 to €37,602
of which Other amounts receivable: +€9,869
- Profit (loss) carried forward +€14,219
up €14,219 (+159.9%), from €8,891 to €23,110
- Trade debts -€7,555
down €7,555 (-42.6%), from €17,735 to €10,180
- Current portion of long-term debt +€6,353
up €6,353 (+307.3%), from €2,068 to €8,421
- Tax, wage and social debts +€2,524
up €2,524 (+20.5%), from €12,313 to €14,837
of which Taxes: +€2,524
- Debts after one year +€1,055
up €1,055 (+12.4%), from €8,516 to €9,571
- Depreciation +€7,278
up €7,278 (+3389.1%), from €215 to €7,492
- Gross operating margin +€5,740
up €5,740 (+21.2%), from €27,065 to €32,805
- Other operating charges +€1,686
up €1,686 (+108.2%), from €1,558 to €3,244
- Financial charges +€998
up €998 (+45.5%), from €2,195 to €3,192
- Financial income +€622
up €622 (+171.8%), from €362 to €984
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 | €54,523 | €71,185 | +€16,662 | +30.6% |
| Fixed assets | 21/28 | €11,785 | €21,066 | +€9,281 | +78.8% |
| Tangible fixed assets | 22/27 | €11,785 | €21,066 | +€9,281 | +78.8% |
| Plant, machinery and equipment | 23 | €11,785 | €11,185 | -€600 | -5.1% |
| Furniture and vehicles | 24 | - | €9,881 | +€9,881 | |
| Current assets | 29/58 | €42,738 | €50,118 | +€7,381 | +17.3% |
| Amounts receivable within one year | 40/41 | €29,704 | €37,602 | +€7,898 | +26.6% |
| Trade receivables | 40 | €16,867 | €14,896 | -€1,971 | -11.7% |
| Other amounts receivable | 41 | €12,837 | €22,706 | +€9,869 | +76.9% |
| Cash at bank and in hand | 54/58 | €9,543 | €9,627 | +€84 | +0.9% |
| Deferred charges and accrued income | 490/1 | €3,491 | €2,889 | -€602 | -17.2% |
| Total equity and liabilities | 10/49 | €54,523 | €71,185 | +€16,662 | +30.6% |
| Equity | 10/15 | €13,891 | €28,110 | +€14,219 | +102.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,891 | €23,110 | +€14,219 | +159.9% |
| Amounts payable | 17/49 | €40,632 | €43,075 | +€2,443 | +6.0% |
| Amounts payable after more than one year | 17 | €8,516 | €9,571 | +€1,055 | +12.4% |
| Financial debts | 170/4 | €8,516 | €9,571 | +€1,055 | +12.4% |
| Amounts payable within one year | 42/48 | €32,116 | €33,504 | +€1,388 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €2,068 | €8,421 | +€6,353 | +307.3% |
| Trade debts | 44 | €17,735 | €10,180 | -€7,555 | -42.6% |
| Suppliers | 440/4 | €17,735 | €10,180 | -€7,555 | -42.6% |
| Advances received on contracts in progress | 46 | €0 | €66 | +€66 | |
| Taxes, remuneration and social security | 45 | €12,313 | €14,837 | +€2,524 | +20.5% |
| Taxes | 450/3 | €12,313 | €14,837 | +€2,524 | +20.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215 | €7,492 | +€7,278 | +3389.1% |
| Other operating charges | 640/8 | €1,558 | €3,244 | +€1,686 | +108.2% |
| Gross operating margin | 9900 | €27,065 | €32,805 | +€5,740 | +21.2% |
| Operating profit (loss) | 9901 | €25,293 | €22,069 | -€3,224 | -12.7% |
| Financial income | 75/76B | €362 | €984 | +€622 | +171.8% |
| Recurring financial income | 75 | €362 | €984 | +€622 | +171.8% |
| Financial charges | 65/66B | €2,195 | €3,192 | +€998 | +45.5% |
| Recurring financial charges | 65 | €2,195 | €3,192 | +€998 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €23,460 | €19,861 | -€3,599 | -15.3% |
| Income taxes | 67/77 | €5,921 | €5,642 | -€279 | -4.7% |
| Profit (loss) for the period | 9904 | €17,539 | €14,219 | -€3,321 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,539 | €14,219 | -€3,321 | -18.9% |
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 9 October 2026 via checked.be.