SAECOM: 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.
SAECOM
Largest movements
- Current investments +€20,473
up €20,473 (+2.6%), from €776,703 to €797,176
- Tangible fixed assets -€18,657
down €18,657 (-29.3%), from €63,683 to €45,026
of which Furniture and vehicles: -€15,735
- Tax, wage and social debts +€10,397
up €10,397 (+27.2%), from €38,225 to €48,622
- Reserves +€10,025
up €10,025 (+1.2%), from €839,385 to €849,410
- Financial income -€57,961
down €57,961 (-63.2%), from €91,715 to €33,754
- Taxes -€19,008
down €19,008 (-23.5%), from €81,016 to €62,008
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 | €910,525 | €918,626 | +€8,101 | +0.9% |
| Fixed assets | 21/28 | €63,683 | €45,026 | -€18,657 | -29.3% |
| Tangible fixed assets | 22/27 | €63,683 | €45,026 | -€18,657 | -29.3% |
| Plant, machinery and equipment | 23 | €4,344 | €2,287 | -€2,057 | -47.4% |
| Furniture and vehicles | 24 | €55,597 | €39,862 | -€15,735 | -28.3% |
| Other tangible fixed assets | 26 | €3,742 | €2,877 | -€865 | -23.1% |
| Current assets | 29/58 | €846,842 | €873,600 | +€26,758 | +3.2% |
| Amounts receivable within one year | 40/41 | €60,500 | €63,147 | +€2,647 | +4.4% |
| Trade receivables | 40 | €60,500 | €63,147 | +€2,647 | +4.4% |
| Current investments | 50/53 | €776,703 | €797,176 | +€20,473 | +2.6% |
| Cash at bank and in hand | 54/58 | €6,068 | €9,466 | +€3,398 | +56.0% |
| Deferred charges and accrued income | 490/1 | €3,571 | €3,811 | +€240 | +6.7% |
| Total equity and liabilities | 10/49 | €910,525 | €918,626 | +€8,101 | +0.9% |
| Equity | 10/15 | €857,985 | €868,010 | +€10,025 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €839,385 | €849,410 | +€10,025 | +1.2% |
| Distributable reserves | 133 | €839,385 | €849,410 | +€10,025 | +1.2% |
| Amounts payable | 17/49 | €52,540 | €50,616 | -€1,924 | -3.7% |
| Amounts payable within one year | 42/48 | €52,540 | €50,616 | -€1,924 | -3.7% |
| Trade debts | 44 | €8,057 | €1,238 | -€6,819 | -84.6% |
| Suppliers | 440/4 | €8,057 | €1,238 | -€6,819 | -84.6% |
| Taxes, remuneration and social security | 45 | €38,225 | €48,622 | +€10,397 | +27.2% |
| Taxes | 450/3 | €38,225 | €48,622 | +€10,397 | +27.2% |
| Other amounts payable | 47/48 | €6,258 | €756 | -€5,502 | -87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,737 | €21,142 | +€405 | +2.0% |
| Other operating charges | 640/8 | €961 | €1,793 | +€832 | +86.6% |
| Gross operating margin | 9900 | €198,473 | €198,203 | -€270 | -0.1% |
| Operating profit (loss) | 9901 | €176,775 | €175,268 | -€1,507 | -0.9% |
| Financial income | 75/76B | €91,715 | €33,754 | -€57,961 | -63.2% |
| Recurring financial income | 75 | €91,715 | €33,754 | -€57,961 | -63.2% |
| Financial charges | 65/66B | €3,370 | €3,420 | +€50 | +1.5% |
| Recurring financial charges | 65 | €3,370 | €3,420 | +€50 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €265,120 | €205,602 | -€59,518 | -22.4% |
| Income taxes | 67/77 | €81,016 | €62,008 | -€19,008 | -23.5% |
| Profit (loss) for the period | 9904 | €184,104 | €143,594 | -€40,510 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €184,104 | €143,594 | -€40,510 | -22.0% |
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 21 October 2026 via checked.be.