SAD'Q: 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.
SAD'Q
Largest movements
- Cash +€16,907
new in 2025: €16,907
mainly Net result for the year (+€10,133) and Tax, wage and social debts (+€9,837)
- Tangible fixed assets +€6,427
new in 2025: €6,427
of which Plant, machinery and equipment: +€3,779
- Stocks and contracts +€2,850
new in 2025: €2,850
- Receivables within one year +€1,854
up €1,854 (+37.3%), from €4,969 to €6,823
of which Other amounts receivable: +€4,000
- Profit (loss) carried forward +€10,133
up €10,133 (+24.8%), from -€40,893 to -€30,759
- Tax, wage and social debts +€9,837
new in 2025: €9,837
of which Remuneration and social security: +€8,170
- Trade debts +€6,490
up €6,490 (+113%), from €5,740 to €12,230
- Other debts +€1,629
up €1,629 (+4.1%), from €40,071 to €41,700
- Gross operating margin +€50,302
up €50,302, from -€12,683 to €37,618
- Staff costs +€21,734
new in 2025: €21,734
- Provisions +€4,000
new in 2025: €4,000
- Financial charges +€985
up €985 (+577%), from €171 to €1,156
- Other operating charges +€400
new in 2025: €400
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 | €4,969 | €33,007 | +€28,038 | +564% |
| Fixed assets | 21/28 | - | €6,427 | +€6,427 | |
| Tangible fixed assets | 22/27 | - | €6,427 | +€6,427 | |
| Plant, machinery and equipment | 23 | - | €3,779 | +€3,779 | |
| Furniture and vehicles | 24 | - | €2,648 | +€2,648 | |
| Current assets | 29/58 | €4,969 | €26,580 | +€21,611 | +435% |
| Stocks and contracts in progress | 3 | - | €2,850 | +€2,850 | |
| Stocks | 30/36 | - | €2,850 | +€2,850 | |
| Amounts receivable within one year | 40/41 | €4,969 | €6,823 | +€1,854 | +37.3% |
| Trade receivables | 40 | €4,969 | €2,823 | -€2,146 | -43.2% |
| Other amounts receivable | 41 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | - | €16,907 | +€16,907 | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €4,969 | €33,007 | +€28,038 | +564% |
| Equity | 10/15 | -€40,893 | -€30,759 | +€10,133 | +24.8% |
| Profit (loss) carried forward | 14 | -€40,893 | -€30,759 | +€10,133 | +24.8% |
| Amounts payable | 17/49 | €45,862 | €63,767 | +€17,905 | +39.0% |
| Amounts payable within one year | 42/48 | €45,862 | €63,767 | +€17,905 | +39.0% |
| Financial debts | 43 | €51 | - | -€51 | |
| Credit institutions | 430/8 | €51 | - | -€51 | |
| Trade debts | 44 | €5,740 | €12,230 | +€6,490 | +113% |
| Suppliers | 440/4 | €5,740 | €12,230 | +€6,490 | +113% |
| Taxes, remuneration and social security | 45 | - | €9,837 | +€9,837 | |
| Taxes | 450/3 | - | €1,667 | +€1,667 | |
| Remuneration and social security | 454/9 | - | €8,170 | +€8,170 | |
| Other amounts payable | 47/48 | €40,071 | €41,700 | +€1,629 | +4.1% |
| Remuneration, social security and pensions | 62 | - | €21,734 | +€21,734 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €223 | +€223 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €4,000 | +€4,000 | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€12,683 | €37,618 | +€50,302 | |
| Operating profit (loss) | 9901 | -€12,683 | €11,261 | +€23,945 | |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €171 | €1,156 | +€985 | +577% |
| Recurring financial charges | 65 | €171 | €1,156 | +€985 | +577% |
| Profit (loss) for the period before taxes | 9903 | -€12,854 | €10,133 | +€22,987 | |
| Profit (loss) for the period | 9904 | -€12,854 | €10,133 | +€22,987 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,854 | €10,133 | +€22,987 |
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 13 October 2026 via checked.be.