SADEN BIS: 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.
SADEN BIS
Largest movements
- Financial fixed assets +€155,000
up €155,000 (+151%), from €102,500 to €257,500
- Cash +€140,403
up €140,403 (+313%), from €44,904 to €185,308
- Receivables within one year +€60,552
up €60,552 (+313%), from €19,362 to €79,914
of which Other amounts receivable: +€66,084
- Tangible fixed assets +€34,209
up €34,209 (+68.7%), from €49,789 to €83,998
of which Furniture and vehicles: +€32,971
- Profit (loss) carried forward +€155,190
up €155,190 (+5,612%), from €2,765 to €157,955
- Reserves +€95,560
up €95,560 (+514%), from €18,600 to €114,160
- Other debts +€87,177
up €87,177 (+58.5%), from €148,929 to €236,106
- Debts after one year +€33,727
up €33,727 (+512%), from €6,587 to €40,314
- Tax, wage and social debts +€10,172
up €10,172 (+64.1%), from €15,877 to €26,048
- Gross operating margin +€152,160
up €152,160 (+387%), from €39,359 to €191,519
- Taxes +€35,770
up €35,770 (+992%), from €3,604 to €39,374
- Depreciation +€10,564
up €10,564 (+45.8%), from €23,054 to €33,619
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €219,033 | €606,901 | +€387,869 | +177% |
| Fixed assets | 21/28 | €152,289 | €341,498 | +€189,209 | +124% |
| Tangible fixed assets | 22/27 | €49,789 | €83,998 | +€34,209 | +68.7% |
| Plant, machinery and equipment | 23 | €1,311 | €3,223 | +€1,912 | +146% |
| Furniture and vehicles | 24 | €46,015 | €78,986 | +€32,971 | +71.7% |
| Other tangible fixed assets | 26 | €2,463 | €1,789 | -€674 | -27.4% |
| Financial fixed assets | 28 | €102,500 | €257,500 | +€155,000 | +151% |
| Current assets | 29/58 | €66,744 | €265,403 | +€198,660 | +298% |
| Amounts receivable within one year | 40/41 | €19,362 | €79,914 | +€60,552 | +313% |
| Trade receivables | 40 | €10,445 | €4,914 | -€5,531 | -53.0% |
| Other amounts receivable | 41 | €8,916 | €75,000 | +€66,084 | +741% |
| Cash at bank and in hand | 54/58 | €44,904 | €185,308 | +€140,403 | +313% |
| Deferred charges and accrued income | 490/1 | €2,478 | €182 | -€2,296 | -92.6% |
| Total equity and liabilities | 10/49 | €219,033 | €606,901 | +€387,869 | +177% |
| Equity | 10/15 | €21,365 | €272,115 | +€250,750 | +1,174% |
| Reserves | 13 | €18,600 | €114,160 | +€95,560 | +514% |
| Distributable reserves | 133 | €18,600 | €114,160 | +€95,560 | +514% |
| Profit (loss) carried forward | 14 | €2,765 | €157,955 | +€155,190 | +5,612% |
| Amounts payable | 17/49 | €197,667 | €334,786 | +€137,119 | +69.4% |
| Amounts payable after more than one year | 17 | €6,587 | €40,314 | +€33,727 | +512% |
| Financial debts | 170/4 | €6,587 | €40,314 | +€33,727 | +512% |
| Amounts payable within one year | 42/48 | €190,888 | €294,472 | +€103,584 | +54.3% |
| Current portion of amounts payable after more than one year | 42 | €25,155 | €26,717 | +€1,563 | +6.2% |
| Trade debts | 44 | €928 | €2,290 | +€1,362 | +147% |
| Suppliers | 440/4 | €928 | €2,290 | +€1,362 | +147% |
| Advances received on contracts in progress | 46 | - | €3,311 | +€3,311 | |
| Taxes, remuneration and social security | 45 | €15,877 | €26,048 | +€10,172 | +64.1% |
| Taxes | 450/3 | €15,877 | €26,048 | +€10,172 | +64.1% |
| Other amounts payable | 47/48 | €148,929 | €236,106 | +€87,177 | +58.5% |
| Accrued charges and deferred income | 492/3 | €192 | - | -€192 | |
| Non-recurring operating income | 76A | - | €3,163 | +€3,163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,054 | €33,619 | +€10,564 | +45.8% |
| Other operating charges | 640/8 | €571 | €617 | +€46 | +8.0% |
| Non-recurring operating charges | 66A | - | €206 | +€206 | |
| Gross operating margin | 9900 | €39,359 | €191,519 | +€152,160 | +387% |
| Operating profit (loss) | 9901 | €15,733 | €157,078 | +€141,345 | +898% |
| Financial income | 75/76B | €11 | €60 | +€49 | +428% |
| Recurring financial income | 75 | €11 | €60 | +€49 | +428% |
| Financial charges | 65/66B | €5,228 | €4,967 | -€262 | -5.0% |
| Recurring financial charges | 65 | €5,228 | €4,967 | -€262 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €10,516 | €152,171 | +€141,655 | +1,347% |
| Income taxes | 67/77 | €3,604 | €39,374 | +€35,770 | +992% |
| Profit (loss) for the period | 9904 | €6,912 | €112,797 | +€105,885 | +1,532% |
| Profit (loss) for the period to be appropriated | 9905 | €6,912 | €112,797 | +€105,885 | +1,532% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.