SAERENS: 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.
SAERENS
Largest movements
- Cash -€195,365
down €195,365 (-97.9%), from €199,496 to €4,131
mainly Current investments (-€195,000) and Receivables within one year (-€1,070)
- Current investments +€195,000
new in 2025: €195,000
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€2,596
up €2,596 (+361.0%), from €719 to €3,315
- Gross operating margin -€726
new in 2025: -€726
- Taxes +€401
new in 2025: €401
- Other operating charges +€51
up €51 (+5.6%), from €905 to €955
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.
Cash bridge derived
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 | €211,720 | €212,425 | +€705 | +0.3% |
| Current assets | 29/58 | €211,720 | €212,425 | +€705 | +0.3% |
| Amounts receivable within one year | 40/41 | €12,224 | €13,294 | +€1,070 | +8.8% |
| Other amounts receivable | 41 | €12,224 | €13,294 | +€1,070 | +8.8% |
| Current investments | 50/53 | - | €195,000 | +€195,000 | |
| Cash at bank and in hand | 54/58 | €199,496 | €4,131 | -€195,365 | -97.9% |
| Total equity and liabilities | 10/49 | €211,720 | €212,425 | +€705 | +0.3% |
| Equity | 10/15 | €207,703 | €208,795 | +€1,092 | +0.5% |
| Contributions | 10/11 | €62,023 | €62,023 | = | 0.0% |
| Capital | 10 | €62,023 | €62,023 | = | 0.0% |
| Issued capital | 100 | €62,023 | €62,023 | = | 0.0% |
| Reserves | 13 | €145,680 | €146,772 | +€1,092 | +0.7% |
| Non-distributable reserves | 130/1 | €6,202 | €6,202 | = | 0.0% |
| Legal reserve | 130 | €6,202 | €6,202 | = | 0.0% |
| Distributable reserves | 133 | €139,478 | €140,570 | +€1,092 | +0.8% |
| Amounts payable | 17/49 | €4,017 | €3,630 | -€387 | -9.6% |
| Amounts payable within one year | 42/48 | €387 | - | -€387 | |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Accrued charges and deferred income | 492/3 | €3,630 | €3,630 | = | 0.0% |
| Other operating charges | 640/8 | €905 | €955 | +€51 | +5.6% |
| Gross operating margin | 9900 | - | -€726 | -€726 | |
| Operating profit (loss) | 9901 | -€905 | -€1,681 | -€777 | -85.9% |
| Financial income | 75/76B | €719 | €3,315 | +€2,596 | +361.0% |
| Recurring financial income | 75 | €719 | €3,315 | +€2,596 | +361.0% |
| Financial charges | 65/66B | €140 | €140 | -€0 | -0.1% |
| Recurring financial charges | 65 | €140 | €140 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€326 | €1,493 | +€1,819 | |
| Income taxes | 67/77 | - | €401 | +€401 | |
| Profit (loss) for the period | 9904 | -€326 | €1,092 | +€1,418 | |
| Profit (loss) for the period to be appropriated | 9905 | -€326 | €1,092 | +€1,418 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.