Saelen Guy: 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.
Saelen Guy
Largest movements
- Cash +€12,326
up €12,326 (+190%), from €6,476 to €18,802
mainly Net result for the year (+€13,233) and Receivables within one year (+€8,689)
- Tangible fixed assets +€11,930
up €11,930 (+382%), from €3,121 to €15,051
of which Furniture and vehicles: +€12,646
- Receivables within one year -€8,689
down €8,689 (-4.9%), from €176,923 to €168,234
of which Trade receivables: -€21,380
- Reserves +€13,233
up €13,233 (+8.0%), from €166,096 to €179,329
- Tax, wage and social debts +€4,515
up €4,515 (+43.6%), from €10,351 to €14,866
of which Taxes: +€5,015
- Trade debts -€2,610
down €2,610 (-67.4%), from €3,873 to €1,263
- Financial income +€8,552
up €8,552 (+241,581%), from €4 to €8,556
- Depreciation +€2,854
up €2,854 (+398%), from €716 to €3,570
- Taxes +€1,823
up €1,823 (+35.1%), from €5,200 to €7,023
- Other operating charges -€1,457
down €1,457 (-100%), from €1,457 to €0
- Financial charges +€887
up €887 (+16.6%), from €5,334 to €6,221
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 | €186,520 | €202,459 | +€15,939 | +8.5% |
| Fixed assets | 21/28 | €3,121 | €15,051 | +€11,930 | +382% |
| Tangible fixed assets | 22/27 | €3,121 | €15,051 | +€11,930 | +382% |
| Furniture and vehicles | 24 | - | €12,646 | +€12,646 | |
| Other tangible fixed assets | 26 | €3,121 | €2,405 | -€716 | -22.9% |
| Current assets | 29/58 | €183,399 | €187,408 | +€4,009 | +2.2% |
| Amounts receivable within one year | 40/41 | €176,923 | €168,234 | -€8,689 | -4.9% |
| Trade receivables | 40 | €25,401 | €4,021 | -€21,380 | -84.2% |
| Other amounts receivable | 41 | €151,522 | €164,213 | +€12,691 | +8.4% |
| Cash at bank and in hand | 54/58 | €6,476 | €18,802 | +€12,326 | +190% |
| Deferred charges and accrued income | 490/1 | - | €372 | +€372 | |
| Total equity and liabilities | 10/49 | €186,520 | €202,459 | +€15,939 | +8.5% |
| Equity | 10/15 | €172,296 | €185,529 | +€13,233 | +7.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €166,096 | €179,329 | +€13,233 | +8.0% |
| Distributable reserves | 133 | €166,096 | €179,329 | +€13,233 | +8.0% |
| Amounts payable | 17/49 | €14,224 | €16,930 | +€2,706 | +19.0% |
| Amounts payable within one year | 42/48 | €14,224 | €16,129 | +€1,905 | +13.4% |
| Trade debts | 44 | €3,873 | €1,263 | -€2,610 | -67.4% |
| Suppliers | 440/4 | €3,873 | €1,263 | -€2,610 | -67.4% |
| Taxes, remuneration and social security | 45 | €10,351 | €14,866 | +€4,515 | +43.6% |
| Taxes | 450/3 | €7,151 | €12,166 | +€5,015 | +70.1% |
| Remuneration and social security | 454/9 | €3,200 | €2,700 | -€500 | -15.6% |
| Accrued charges and deferred income | 492/3 | - | €801 | +€801 | |
| Non-recurring operating income | 76A | - | €22,861 | +€22,861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €716 | €3,570 | +€2,854 | +398% |
| Other operating charges | 640/8 | €1,457 | €0 | -€1,457 | -100% |
| Gross operating margin | 9900 | €21,357 | €21,491 | +€134 | +0.6% |
| Operating profit (loss) | 9901 | €19,183 | €17,921 | -€1,262 | -6.6% |
| Financial income | 75/76B | €4 | €8,556 | +€8,552 | +241,581% |
| Recurring financial income | 75 | €4 | €8,556 | +€8,552 | +241,581% |
| Financial charges | 65/66B | €5,334 | €6,221 | +€887 | +16.6% |
| Recurring financial charges | 65 | €5,334 | €6,221 | +€887 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €13,853 | €20,255 | +€6,403 | +46.2% |
| Income taxes | 67/77 | €5,200 | €7,023 | +€1,823 | +35.1% |
| Profit (loss) for the period | 9904 | €8,653 | €13,233 | +€4,580 | +52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,653 | €13,233 | +€4,580 | +52.9% |
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 23 October 2026 via checked.be.