Saddlepoint: 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.
Saddlepoint
Largest movements
- Current investments +€86,223
up €86,223 (+15.1%), from €570,160 to €656,383
- Cash +€46,948
up €46,948 (+21.6%), from €217,785 to €264,733
mainly Net result for the year (+€136,128) and Depreciation (+€35,378)
- Tangible fixed assets -€33,149
down €33,149 (-10.6%), from €311,934 to €278,786
of which Land and buildings: -€23,097
- Reserves +€136,128
up €136,128 (+38.6%), from €352,681 to €488,810
- Profit (loss) carried forward -€45,000
down €45,000 (-7.3%), from €614,302 to €569,302
- Other debts +€17,971
up €17,971 (+21.0%), from €85,603 to €103,573
- Revaluation surpluses -€16,593
down €16,593 (-29.4%), from €56,356 to €39,763
- Gross operating margin +€28,181
up €28,181 (+15.4%), from €182,881 to €211,062
- Financial income +€26,880
up €26,880 (+635.5%), from €4,230 to €31,109
- Write-downs +€24,681
new in 2025: €24,681
- Taxes +€11,297
up €11,297 (+36.9%), from €30,648 to €41,945
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,172,152 | €1,265,672 | +€93,520 | +8.0% |
| Fixed assets | 21/28 | €355,417 | €322,269 | -€33,149 | -9.3% |
| Tangible fixed assets | 22/27 | €311,934 | €278,786 | -€33,149 | -10.6% |
| Land and buildings | 22 | €263,391 | €240,294 | -€23,097 | -8.8% |
| Plant, machinery and equipment | 23 | €2,913 | €1,940 | -€973 | -33.4% |
| Furniture and vehicles | 24 | €5,830 | €4,966 | -€865 | -14.8% |
| Other tangible fixed assets | 26 | €39,800 | €31,586 | -€8,214 | -20.6% |
| Financial fixed assets | 28 | €43,483 | €43,483 | = | 0.0% |
| Current assets | 29/58 | €816,735 | €943,403 | +€126,669 | +15.5% |
| Amounts receivable within one year | 40/41 | €25,598 | €20,234 | -€5,364 | -21.0% |
| Trade receivables | 40 | €25,418 | €16,715 | -€8,704 | -34.2% |
| Other amounts receivable | 41 | €180 | €3,519 | +€3,339 | +1858.7% |
| Current investments | 50/53 | €570,160 | €656,383 | +€86,223 | +15.1% |
| Cash at bank and in hand | 54/58 | €217,785 | €264,733 | +€46,948 | +21.6% |
| Deferred charges and accrued income | 490/1 | €3,192 | €2,054 | -€1,138 | -35.6% |
| Total equity and liabilities | 10/49 | €1,172,152 | €1,265,672 | +€93,520 | +8.0% |
| Equity | 10/15 | €1,043,340 | €1,117,875 | +€74,535 | +7.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €56,356 | €39,763 | -€16,593 | -29.4% |
| Reserves | 13 | €352,681 | €488,810 | +€136,128 | +38.6% |
| Distributable reserves | 133 | €352,681 | €488,810 | +€136,128 | +38.6% |
| Profit (loss) carried forward | 14 | €614,302 | €569,302 | -€45,000 | -7.3% |
| Amounts payable | 17/49 | €128,812 | €147,797 | +€18,985 | +14.7% |
| Amounts payable within one year | 42/48 | €110,269 | €130,004 | +€19,735 | +17.9% |
| Trade debts | 44 | €3,493 | €2,275 | -€1,218 | -34.9% |
| Suppliers | 440/4 | €3,493 | €2,275 | -€1,218 | -34.9% |
| Taxes, remuneration and social security | 45 | €21,173 | €24,156 | +€2,983 | +14.1% |
| Taxes | 450/3 | €21,173 | €24,156 | +€2,983 | +14.1% |
| Other amounts payable | 47/48 | €85,603 | €103,573 | +€17,971 | +21.0% |
| Accrued charges and deferred income | 492/3 | €18,543 | €17,793 | -€750 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,728 | €35,378 | -€1,350 | -3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,681 | +€24,681 | |
| Other operating charges | 640/8 | €3,267 | €3,350 | +€82 | +2.5% |
| Gross operating margin | 9900 | €182,881 | €211,062 | +€28,181 | +15.4% |
| Operating profit (loss) | 9901 | €142,886 | €147,654 | +€4,768 | +3.3% |
| Financial income | 75/76B | €4,230 | €31,109 | +€26,880 | +635.5% |
| Recurring financial income | 75 | €4,230 | €31,109 | +€26,880 | +635.5% |
| Financial charges | 65/66B | €645 | €690 | +€46 | +7.1% |
| Recurring financial charges | 65 | €645 | €690 | +€46 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €146,471 | €178,073 | +€31,602 | +21.6% |
| Income taxes | 67/77 | €30,648 | €41,945 | +€11,297 | +36.9% |
| Profit (loss) for the period | 9904 | €115,823 | €136,128 | +€20,305 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €115,823 | €136,128 | +€20,305 | +17.5% |
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.