Saenen: 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.
Saenen
Largest movements
- Cash +€13,309
up €13,309 (+13.5%), from €98,839 to €112,148
mainly Net result for the year (+€19,902) and Receivables within one year (+€4,975)
- Receivables within one year -€4,975
down €4,975 (-92.4%), from €5,386 to €411
of which Other amounts receivable: -€3,652
- Stocks and contracts -€2,085
down €2,085 (-19.0%), from €10,953 to €8,867
- Reserves +€19,902
up €19,902 (+80.2%), from €24,815 to €44,717
- Tax, wage and social debts -€8,838
down €8,838 (-21.0%), from €42,021 to €33,183
of which Taxes: -€10,215
- Trade debts -€6,820
down €6,820 (-15.8%), from €43,241 to €36,422
- Gross operating margin -€52,585
down €52,585 (-23.3%), from €225,992 to €173,407
- Staff costs -€48,998
down €48,998 (-25.5%), from €192,023 to €143,025
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 | €118,130 | €122,971 | +€4,840 | +4.1% |
| Fixed assets | 21/28 | €1,465 | €766 | -€699 | -47.7% |
| Tangible fixed assets | 22/27 | €1,465 | €766 | -€699 | -47.7% |
| Furniture and vehicles | 24 | €1,465 | €766 | -€699 | -47.7% |
| Current assets | 29/58 | €116,666 | €122,205 | +€5,539 | +4.7% |
| Stocks and contracts in progress | 3 | €10,953 | €8,867 | -€2,085 | -19.0% |
| Stocks | 30/36 | €10,953 | €8,867 | -€2,085 | -19.0% |
| Amounts receivable within one year | 40/41 | €5,386 | €411 | -€4,975 | -92.4% |
| Trade receivables | 40 | €1,323 | €0 | -€1,323 | -100% |
| Other amounts receivable | 41 | €4,063 | €411 | -€3,652 | -89.9% |
| Cash at bank and in hand | 54/58 | €98,839 | €112,148 | +€13,309 | +13.5% |
| Deferred charges and accrued income | 490/1 | €1,488 | €778 | -€709 | -47.7% |
| Total equity and liabilities | 10/49 | €118,130 | €122,971 | +€4,840 | +4.1% |
| Equity | 10/15 | €32,815 | €52,717 | +€19,902 | +60.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €24,815 | €44,717 | +€19,902 | +80.2% |
| Distributable reserves | 133 | €24,815 | €44,717 | +€19,902 | +80.2% |
| Amounts payable | 17/49 | €85,316 | €70,254 | -€15,062 | -17.7% |
| Amounts payable within one year | 42/48 | €85,316 | €70,254 | -€15,062 | -17.7% |
| Trade debts | 44 | €43,241 | €36,422 | -€6,820 | -15.8% |
| Suppliers | 440/4 | €43,241 | €36,422 | -€6,820 | -15.8% |
| Taxes, remuneration and social security | 45 | €42,021 | €33,183 | -€8,838 | -21.0% |
| Taxes | 450/3 | €26,307 | €16,092 | -€10,215 | -38.8% |
| Remuneration and social security | 454/9 | €15,714 | €17,091 | +€1,377 | +8.8% |
| Other amounts payable | 47/48 | €53 | €649 | +€596 | +1,120% |
| Remuneration, social security and pensions | 62 | €192,023 | €143,025 | -€48,998 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €632 | €699 | +€67 | +10.6% |
| Other operating charges | 640/8 | €1,474 | €2,569 | +€1,095 | +74.3% |
| Gross operating margin | 9900 | €225,992 | €173,407 | -€52,585 | -23.3% |
| Operating profit (loss) | 9901 | €31,864 | €27,114 | -€4,750 | -14.9% |
| Financial income | 75/76B | €0 | €54 | +€54 | +48,773% |
| Recurring financial income | 75 | €0 | €54 | +€54 | +48,773% |
| Financial charges | 65/66B | €661 | €375 | -€286 | -43.3% |
| Recurring financial charges | 65 | €661 | €375 | -€286 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €31,203 | €26,793 | -€4,410 | -14.1% |
| Income taxes | 67/77 | €6,388 | €6,890 | +€502 | +7.9% |
| Profit (loss) for the period | 9904 | €24,815 | €19,902 | -€4,912 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,815 | €19,902 | -€4,912 | -19.8% |
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 14 October 2026 via checked.be.