SAELENS PHILIPPE: 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.
SAELENS PHILIPPE
Largest movements
- Receivables within one year +€189,624
up €189,624 (+294%), from €64,558 to €254,181
of which Trade receivables: +€194,262
- Profit (loss) carried forward +€307,307
up €307,307, from -€208,475 to €98,832
- Trade debts -€107,728
down €107,728 (-44.7%), from €241,249 to €133,521
- Debts after one year -€30,137
down €30,137 (-12.9%), from €233,464 to €203,327
- Tax, wage and social debts +€14,373
up €14,373 (+80.4%), from €17,869 to €32,242
of which Taxes: +€12,755
- Gross operating margin +€248,560
up €248,560 (+62.3%), from €398,837 to €647,397
- Staff costs -€21,065
down €21,065 (-6.4%), from €330,735 to €309,669
- Taxes -€18,017
no longer reported in 2025 (was €18,017)
- Other operating charges -€10,158
down €10,158 (-69.4%), from €14,643 to €4,485
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 | €452,224 | €633,374 | +€181,150 | +40.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €357,392 | €347,111 | -€10,281 | -2.9% |
| Intangible fixed assets | 21 | €18,000 | €13,500 | -€4,500 | -25.0% |
| Tangible fixed assets | 22/27 | €339,392 | €333,611 | -€5,781 | -1.7% |
| Land and buildings | 22 | €316,835 | €316,835 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,387 | €4,740 | -€647 | -12.0% |
| Furniture and vehicles | 24 | €17,170 | €12,036 | -€5,133 | -29.9% |
| Current assets | 29/58 | €94,832 | €286,263 | +€191,430 | +202% |
| Amounts receivable within one year | 40/41 | €64,558 | €254,181 | +€189,624 | +294% |
| Trade receivables | 40 | €59,902 | €254,164 | +€194,262 | +324% |
| Other amounts receivable | 41 | €4,656 | €18 | -€4,638 | -99.6% |
| Cash at bank and in hand | 54/58 | €30,275 | €32,081 | +€1,807 | +6.0% |
| Total equity and liabilities | 10/49 | €452,224 | €633,374 | +€181,150 | +40.1% |
| Equity | 10/15 | -€67,904 | €239,403 | +€307,307 | |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Reserves | 13 | €84,371 | €84,371 | = | 0.0% |
| Distributable reserves | 133 | €84,371 | €84,371 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€208,475 | €98,832 | +€307,307 | |
| Amounts payable | 17/49 | €520,128 | €393,970 | -€126,158 | -24.3% |
| Amounts payable after more than one year | 17 | €233,464 | €203,327 | -€30,137 | -12.9% |
| Financial debts | 170/4 | €233,464 | €203,327 | -€30,137 | -12.9% |
| Amounts payable within one year | 42/48 | €286,664 | €190,644 | -€96,020 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €23,088 | €23,088 | = | 0.0% |
| Trade debts | 44 | €241,249 | €133,521 | -€107,728 | -44.7% |
| Suppliers | 440/4 | €241,249 | €133,521 | -€107,728 | -44.7% |
| Taxes, remuneration and social security | 45 | €17,869 | €32,242 | +€14,373 | +80.4% |
| Taxes | 450/3 | - | €12,755 | +€12,755 | |
| Remuneration and social security | 454/9 | €17,869 | €19,487 | +€1,618 | +9.1% |
| Other amounts payable | 47/48 | €4,458 | €1,792 | -€2,666 | -59.8% |
| Remuneration, social security and pensions | 62 | €330,735 | €309,669 | -€21,065 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,271 | €12,131 | +€4,860 | +66.8% |
| Other operating charges | 640/8 | €14,643 | €4,485 | -€10,158 | -69.4% |
| Gross operating margin | 9900 | €398,837 | €647,397 | +€248,560 | +62.3% |
| Operating profit (loss) | 9901 | €46,188 | €321,111 | +€274,923 | +595% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €16,751 | €13,806 | -€2,944 | -17.6% |
| Recurring financial charges | 65 | €16,751 | €13,806 | -€2,944 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €29,438 | €307,307 | +€277,870 | +944% |
| Income taxes | 67/77 | €18,017 | - | -€18,017 | |
| Profit (loss) for the period | 9904 | €11,420 | €307,307 | +€295,887 | +2,591% |
| Profit (loss) for the period to be appropriated | 9905 | €11,420 | €307,307 | +€295,887 | +2,591% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.