SAENEN JOERY: 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 JOERY
Largest movements
- Tangible fixed assets -€7,367
down €7,367 (-2.3%), from €317,533 to €310,166
of which Land and buildings: -€6,241
- Receivables within one year +€5,798
up €5,798 (+13.8%), from €41,902 to €47,700
of which Trade receivables: +€11,060
- Deferred charges and accrued income -€5,730
down €5,730 (-36.9%), from €15,545 to €9,815
- Debts after one year -€16,600
down €16,600 (-6.4%), from €257,652 to €241,051
- Tax, wage and social debts +€5,652
up €5,652 (+38.3%), from €14,742 to €20,394
of which Remuneration and social security: +€3,222
- Gross operating margin -€14,561
down €14,561 (-24.4%), from €59,792 to €45,231
- Staff costs -€5,187
down €5,187 (-19.0%), from €27,272 to €22,085
- Financial charges -€1,701
down €1,701 (-13.1%), from €12,952 to €11,251
- Depreciation -€1,112
down €1,112 (-9.2%), from €12,089 to €10,976
- Other operating charges -€948
down €948 (-27.3%), from €3,479 to €2,530
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 | €424,468 | €412,734 | -€11,734 | -2.8% |
| Fixed assets | 21/28 | €323,517 | €312,541 | -€10,976 | -3.4% |
| Intangible fixed assets | 21 | €5,414 | €1,805 | -€3,609 | -66.7% |
| Tangible fixed assets | 22/27 | €317,533 | €310,166 | -€7,367 | -2.3% |
| Land and buildings | 22 | €314,545 | €308,305 | -€6,241 | -2.0% |
| Plant, machinery and equipment | 23 | €51 | - | -€51 | |
| Furniture and vehicles | 24 | €2,937 | €1,862 | -€1,076 | -36.6% |
| Financial fixed assets | 28 | €570 | €570 | = | 0.0% |
| Current assets | 29/58 | €100,951 | €100,193 | -€758 | -0.8% |
| Stocks and contracts in progress | 3 | €8,592 | €8,592 | = | 0.0% |
| Stocks | 30/36 | €8,592 | €8,592 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,902 | €47,700 | +€5,798 | +13.8% |
| Trade receivables | 40 | €18,708 | €29,769 | +€11,060 | +59.1% |
| Other amounts receivable | 41 | €23,194 | €17,931 | -€5,263 | -22.7% |
| Cash at bank and in hand | 54/58 | €34,913 | €34,087 | -€826 | -2.4% |
| Deferred charges and accrued income | 490/1 | €15,545 | €9,815 | -€5,730 | -36.9% |
| Total equity and liabilities | 10/49 | €424,468 | €412,734 | -€11,734 | -2.8% |
| Equity | 10/15 | €123,010 | €121,684 | -€1,326 | -1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €120,449 | €120,449 | = | 0.0% |
| Distributable reserves | 133 | €120,449 | €120,449 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,840 | -€11,166 | -€1,326 | -13.5% |
| Amounts payable | 17/49 | €301,458 | €291,051 | -€10,408 | -3.5% |
| Amounts payable after more than one year | 17 | €257,652 | €241,051 | -€16,600 | -6.4% |
| Financial debts | 170/4 | €257,652 | €241,051 | -€16,600 | -6.4% |
| Amounts payable within one year | 42/48 | €43,807 | €49,999 | +€6,192 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €17,381 | €17,909 | +€529 | +3.0% |
| Trade debts | 44 | €4,377 | €6,248 | +€1,872 | +42.8% |
| Suppliers | 440/4 | €4,377 | €6,248 | +€1,872 | +42.8% |
| Taxes, remuneration and social security | 45 | €14,742 | €20,394 | +€5,652 | +38.3% |
| Taxes | 450/3 | €11,037 | €13,466 | +€2,429 | +22.0% |
| Remuneration and social security | 454/9 | €3,705 | €6,928 | +€3,222 | +87.0% |
| Other amounts payable | 47/48 | €7,307 | €5,448 | -€1,860 | -25.4% |
| Remuneration, social security and pensions | 62 | €27,272 | €22,085 | -€5,187 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,089 | €10,976 | -€1,112 | -9.2% |
| Other operating charges | 640/8 | €3,479 | €2,530 | -€948 | -27.3% |
| Gross operating margin | 9900 | €59,792 | €45,231 | -€14,561 | -24.4% |
| Operating profit (loss) | 9901 | €16,953 | €9,639 | -€7,314 | -43.1% |
| Financial income | 75/76B | €311 | €418 | +€107 | +34.5% |
| Recurring financial income | 75 | €311 | €418 | +€107 | +34.5% |
| Financial charges | 65/66B | €12,952 | €11,251 | -€1,701 | -13.1% |
| Recurring financial charges | 65 | €12,952 | €11,251 | -€1,701 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €4,312 | -€1,194 | -€5,506 | |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | €4,184 | -€1,326 | -€5,510 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,184 | -€1,326 | -€5,510 |
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 29 October 2026 via checked.be.