SAE INTERNATIONAL: what changed
SAE INTERNATIONAL
Largest movements
- Receivables within one year -€10,553
down €10,553 (-47.8%), from €22,082 to €11,529
of which Trade receivables: -€17,903
- Intangible fixed assets -€900
down €900 (-16.7%), from €5,400 to €4,500
- Cash +€717
new in 2024: €717
mainly Receivables within one year (+€10,553) and Net result for the year (+€2,694)
- Deferred charges and accrued income -€707
no longer reported in 2024 (was €707)
- Trade debts -€13,382
down €13,382 (-99.0%), from €13,513 to €131
- Profit (loss) carried forward +€2,694
up €2,694 (+9.2%), from €29,348 to €32,042
- Tax, wage and social debts -€907
down €907 (-8.0%), from €11,332 to €10,425
of which Remuneration and social security: -€2,635
- Turnover +€208,742
new in 2024: €208,742
- Purchases and services -€11,281
down €11,281 (-5.8%), from €194,551 to €183,270
- Taxes -€6,480
no longer reported in 2024 (was €6,480)
- Gross operating margin -€2,936
down €2,936 (-10.3%), from €28,408 to €25,472
- Staff costs +€2,860
up €2,860 (+15.5%), from €18,472 to €21,332
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,373 | €47,778 | -€11,595 | -19.5% |
| Fixed assets | 21/28 | €14,468 | €12,985 | -€1,483 | -10.3% |
| Intangible fixed assets | 21 | €5,400 | €4,500 | -€900 | -16.7% |
| Tangible fixed assets | 22/27 | €3,833 | €3,250 | -€583 | -15.2% |
| Furniture and vehicles | 24 | €3,833 | €3,250 | -€583 | -15.2% |
| Financial fixed assets | 28 | €5,235 | €5,235 | = | 0.0% |
| Current assets | 29/58 | €44,905 | €34,793 | -€10,112 | -22.5% |
| Stocks and contracts in progress | 3 | €22,115 | €22,546 | +€431 | +1.9% |
| Stocks | 30/36 | €22,115 | €22,546 | +€431 | +1.9% |
| Amounts receivable within one year | 40/41 | €22,082 | €11,529 | -€10,553 | -47.8% |
| Trade receivables | 40 | €17,903 | €0 | -€17,903 | -100% |
| Other amounts receivable | 41 | €4,179 | €11,529 | +€7,350 | +176% |
| Cash at bank and in hand | 54/58 | - | €717 | +€717 | |
| Deferred charges and accrued income | 490/1 | €707 | - | -€707 | |
| Total equity and liabilities | 10/49 | €59,373 | €47,778 | -€11,595 | -19.5% |
| Equity | 10/15 | €34,528 | €37,222 | +€2,694 | +7.8% |
| Contributions | 10/11 | €5,180 | €5,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,348 | €32,042 | +€2,694 | +9.2% |
| Amounts payable | 17/49 | €24,845 | €10,556 | -€14,289 | -57.5% |
| Amounts payable within one year | 42/48 | €24,845 | €10,556 | -€14,289 | -57.5% |
| Trade debts | 44 | €13,513 | €131 | -€13,382 | -99.0% |
| Suppliers | 440/4 | €13,513 | €131 | -€13,382 | -99.0% |
| Taxes, remuneration and social security | 45 | €11,332 | €10,425 | -€907 | -8.0% |
| Taxes | 450/3 | €5,125 | €6,853 | +€1,728 | +33.7% |
| Remuneration and social security | 454/9 | €6,207 | €3,572 | -€2,635 | -42.5% |
| Turnover | 70 | - | €208,742 | +€208,742 | |
| Goods, raw materials, services and sundry goods | 60/61 | €194,551 | €183,270 | -€11,281 | -5.8% |
| Remuneration, social security and pensions | 62 | €18,472 | €21,332 | +€2,860 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,483 | €1,483 | = | 0.0% |
| Other operating charges | 640/8 | €421 | €546 | +€124 | +29.5% |
| Non-recurring operating charges | 66A | €384 | - | -€384 | |
| Gross operating margin | 9900 | €28,408 | €25,472 | -€2,936 | -10.3% |
| Operating profit (loss) | 9901 | €7,647 | €2,111 | -€5,536 | -72.4% |
| Financial income | 75/76B | €375 | €651 | +€276 | +73.7% |
| Recurring financial income | 75 | €375 | €651 | +€276 | +73.7% |
| Financial charges | 65/66B | €69 | €68 | -€1 | -2.1% |
| Recurring financial charges | 65 | €69 | €68 | -€1 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €7,952 | €2,694 | -€5,258 | -66.1% |
| Income taxes | 67/77 | €6,480 | - | -€6,480 | |
| Profit (loss) for the period | 9904 | €1,472 | €2,694 | +€1,222 | +83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,472 | €2,694 | +€1,222 | +83.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.