SAEN PROJECTS: what changed
Two fiscal 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.
SAEN PROJECTS
Largest movements
- Tangible fixed assets -€21,795
down €21,795 (-33.3%), from €65,535 to €43,740
of which Furniture and vehicles: -€12,193
- Receivables within one year +€10,350
up €10,350 (+19.6%), from €52,754 to €63,104
of which Other amounts receivable: +€23,161
- Cash -€6,703
no longer reported in 2024 (was €6,703)
mainly Current portion of long-term debt (-€15,694) and Trade debts (-€12,456)
- Current portion of long-term debt -€15,694
down €15,694 (-79.9%), from €19,645 to €3,951
- Trade debts -€12,456
no longer reported in 2024 (was €12,456)
- Other debts +€5,500
new in 2024: €5,500
- Profit (loss) carried forward +€4,013
up €4,013 (+10.4%), from €38,572 to €42,585
- Gross operating margin +€3,825
up €3,825 (+12.3%), from €31,058 to €34,883
- Financial charges -€1,371
down €1,371 (-45.3%), from €3,027 to €1,656
- Financial income +€993
up €993 (+271.3%), from €366 to €1,359
- Other operating charges +€656
up €656 (+78.8%), from €832 to €1,488
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,992 | €107,027 | -€17,965 | -14.4% |
| Fixed assets | 21/28 | €65,535 | €43,740 | -€21,795 | -33.3% |
| Tangible fixed assets | 22/27 | €65,535 | €43,740 | -€21,795 | -33.3% |
| Plant, machinery and equipment | 23 | €1,221 | €379 | -€842 | -69.0% |
| Furniture and vehicles | 24 | €40,224 | €28,031 | -€12,193 | -30.3% |
| Leasing and similar rights | 25 | €24,090 | €15,330 | -€8,760 | -36.4% |
| Current assets | 29/58 | €59,457 | €63,287 | +€3,830 | +6.4% |
| Amounts receivable within one year | 40/41 | €52,754 | €63,104 | +€10,350 | +19.6% |
| Trade receivables | 40 | €40,418 | €27,607 | -€12,811 | -31.7% |
| Other amounts receivable | 41 | €12,336 | €35,497 | +€23,161 | +187.8% |
| Cash at bank and in hand | 54/58 | €6,703 | - | -€6,703 | |
| Deferred charges and accrued income | 490/1 | - | €183 | +€183 | |
| Total equity and liabilities | 10/49 | €124,992 | €107,027 | -€17,965 | -14.4% |
| Equity | 10/15 | €39,672 | €43,685 | +€4,013 | +10.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Legal reserve | 130 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,572 | €42,585 | +€4,013 | +10.4% |
| Amounts payable | 17/49 | €85,320 | €63,342 | -€21,978 | -25.8% |
| Amounts payable after more than one year | 17 | €48,576 | €48,576 | = | 0.0% |
| Financial debts | 170/4 | €48,576 | €48,576 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,744 | €14,766 | -€21,978 | -59.8% |
| Current portion of amounts payable after more than one year | 42 | €19,645 | €3,951 | -€15,694 | -79.9% |
| Trade debts | 44 | €12,456 | - | -€12,456 | |
| Suppliers | 440/4 | €12,456 | - | -€12,456 | |
| Taxes, remuneration and social security | 45 | €4,643 | €5,315 | +€672 | +14.5% |
| Taxes | 450/3 | €4,643 | €3,315 | -€1,328 | -28.6% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | - | €5,500 | +€5,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,925 | €21,796 | -€129 | -0.6% |
| Other operating charges | 640/8 | €832 | €1,488 | +€656 | +78.8% |
| Gross operating margin | 9900 | €31,058 | €34,883 | +€3,825 | +12.3% |
| Operating profit (loss) | 9901 | €8,301 | €11,599 | +€3,298 | +39.7% |
| Financial income | 75/76B | €366 | €1,359 | +€993 | +271.3% |
| Recurring financial income | 75 | €366 | €1,359 | +€993 | +271.3% |
| Financial charges | 65/66B | €3,027 | €1,656 | -€1,371 | -45.3% |
| Recurring financial charges | 65 | €3,027 | €1,656 | -€1,371 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €5,640 | €11,302 | +€5,662 | +100.4% |
| Income taxes | 67/77 | €1,527 | €1,789 | +€262 | +17.2% |
| Profit (loss) for the period | 9904 | €4,113 | €9,513 | +€5,400 | +131.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,113 | €9,513 | +€5,400 | +131.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.