SAERENS GEERT: what changed
What changed
SAERENS GEERT
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€66,450
2025 · €104,957-€38,507
Equity
€887,456
2025 · €883,406+€4,050
Cash
€171,344
2025 · €187,253-€15,909
Balance sheet total
€976,642
2025 · €1.1m-€78,922
Largest movements
Assets
- Tangible fixed assets -€57,581
down €57,581 (-39.8%), from €144,816 to €87,235
of which Land and buildings: -€34,419
- Cash -€15,909
down €15,909 (-8.5%), from €187,253 to €171,344
mainly Contributions, distributions and other (-€62,400) and Accrued charges and deferred income (-€50,300)
Equity and liabilities
- Accrued charges and deferred income -€50,300
down €50,300 (-39.3%), from €127,866 to €77,566
- Trade debts -€35,327
down €35,327 (-97.2%), from €36,356 to €1,029
Income statement
- Gross operating margin -€56,155
down €56,155 (-27.6%), from €203,280 to €147,124
- Taxes -€16,102
down €16,102 (-35.9%), from €44,898 to €28,795
- Depreciation -€8,062
down €8,062 (-12.3%), from €65,643 to €57,581
- Financial income -€7,443
down €7,443 (-42.3%), from €17,594 to €10,151
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€104,957
Gross operating margin
-€56,155
Depreciation
+€8,062
Other operating charges
+€163
Other operating items
+€960
Financial income
-€7,443
Financial charges
+€39
Taxes
+€16,102
Deferred taxes and other
-€235
Result 2026
€66,450
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€41,991
Investment
-€0
Financing
-€57,900
Cash 2025
€187,253
From operations (derived)
+€41,991
Net result for the year
+€66,450
Depreciation
+€57,581
Receivables within one year
+€2,164
Deferred charges and accrued income
+€3,268
Provisions
-€311
Trade debts
-€35,327
Tax, wage and social debts
-€385
Other debts
-€1,150
Accrued charges and deferred income
-€50,300
Investment (derived)
-€0
Investment in fixed assets (net)
-€0
Financing
-€57,900
Debts after one year
+€4,500
Contributions, distributions and other
-€62,400
Cash 2026
€171,344
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,055,564 | €976,642 | -€78,922 | -7.5% |
| Fixed assets | 21/28 | €144,816 | €87,235 | -€57,581 | -39.8% |
| Tangible fixed assets | 22/27 | €144,816 | €87,235 | -€57,581 | -39.8% |
| Land and buildings | 22 | €82,187 | €47,767 | -€34,419 | -41.9% |
| Plant, machinery and equipment | 23 | €450 | €276 | -€174 | -38.6% |
| Furniture and vehicles | 24 | €62,180 | €39,192 | -€22,988 | -37.0% |
| Current assets | 29/58 | €910,747 | €889,406 | -€21,341 | -2.3% |
| Amounts receivable within one year | 40/41 | €16,117 | €13,953 | -€2,164 | -13.4% |
| Trade receivables | 40 | €13,796 | €13,709 | -€86 | -0.6% |
| Other amounts receivable | 41 | €2,321 | €243 | -€2,078 | -89.5% |
| Current investments | 50/53 | €700,000 | €700,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €187,253 | €171,344 | -€15,909 | -8.5% |
| Deferred charges and accrued income | 490/1 | €7,378 | €4,110 | -€3,268 | -44.3% |
| Total equity and liabilities | 10/49 | €1,055,564 | €976,642 | -€78,922 | -7.5% |
| Equity | 10/15 | €883,406 | €887,456 | +€4,050 | +0.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Revaluation surpluses | 12 | €272 | €272 | = | 0.0% |
| Reserves | 13 | €864,383 | €868,434 | +€4,050 | +0.5% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,243 | €0 | -€1,243 | -100% |
| Distributable reserves | 133 | €861,265 | €866,559 | +€5,294 | +0.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €3,271 | €2,960 | -€311 | -9.5% |
| Provisions for liabilities and charges | 160/5 | €2,960 | €2,960 | = | 0.0% |
| Pensions and similar obligations | 160 | €2,960 | €2,960 | = | 0.0% |
| Deferred taxes | 168 | €311 | €0 | -€311 | -100% |
| Amounts payable | 17/49 | €168,887 | €86,225 | -€82,662 | -48.9% |
| Amounts payable after more than one year | 17 | - | €4,500 | +€4,500 | |
| Other amounts payable | 178/9 | - | €4,500 | +€4,500 | |
| Amounts payable within one year | 42/48 | €41,021 | €4,159 | -€36,862 | -89.9% |
| Trade debts | 44 | €36,356 | €1,029 | -€35,327 | -97.2% |
| Suppliers | 440/4 | €36,356 | €1,029 | -€35,327 | -97.2% |
| Taxes, remuneration and social security | 45 | €3,514 | €3,129 | -€385 | -11.0% |
| Taxes | 450/3 | €3,499 | €3,129 | -€369 | -10.6% |
| Remuneration and social security | 454/9 | €16 | - | -€16 | |
| Other amounts payable | 47/48 | €1,150 | €0 | -€1,150 | -100% |
| Accrued charges and deferred income | 492/3 | €127,866 | €77,566 | -€50,300 | -39.3% |
| Non-recurring operating income | 76A | €125,000 | €50,000 | -€75,000 | -60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,643 | €57,581 | -€8,062 | -12.3% |
| Other operating charges | 640/8 | €4,619 | €4,456 | -€163 | -3.5% |
| Non-recurring operating charges | 66A | €960 | €0 | -€960 | -100% |
| Gross operating margin | 9900 | €203,280 | €147,124 | -€56,155 | -27.6% |
| Operating profit (loss) | 9901 | €132,058 | €85,088 | -€46,970 | -35.6% |
| Financial income | 75/76B | €17,594 | €10,151 | -€7,443 | -42.3% |
| Recurring financial income | 75 | €17,594 | €10,151 | -€7,443 | -42.3% |
| Financial charges | 65/66B | €342 | €304 | -€39 | -11.3% |
| Recurring financial charges | 65 | €342 | €304 | -€39 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €149,309 | €94,935 | -€54,374 | -36.4% |
| Transfer from deferred taxes | 780 | €545 | €311 | -€235 | -43.0% |
| Income taxes | 67/77 | €44,898 | €28,795 | -€16,102 | -35.9% |
| Profit (loss) for the period | 9904 | €104,957 | €66,450 | -€38,507 | -36.7% |
| Transfer from tax-exempt reserves | 789 | €2,182 | €1,243 | -€938 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €107,139 | €67,694 | -€39,445 | -36.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.