Saerens Management Services: 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.
Saerens Management Services
Largest movements
- Cash +€91,354
up €91,354 (+207%), from €44,151 to €135,505
mainly Net result for the year (+€125,651) and Tax, wage and social debts (+€44,623)
- Tangible fixed assets +€53,620
up €53,620 (+1,950%), from €2,750 to €56,370
of which Furniture and vehicles: +€39,544
- Receivables within one year +€13,576
up €13,576 (+1,454%), from €934 to €14,509
of which Trade receivables: +€10,207
- Stocks and contracts +€5,421
new in 2025: €5,421
- Profit (loss) carried forward +€125,651
new in 2025: €125,651
- Tax, wage and social debts +€44,623
up €44,623 (+346%), from €12,902 to €57,525
- Other debts -€9,086
down €9,086 (-100%), from €9,086 to €0
- Trade debts +€3,433
up €3,433 (+89.3%), from €3,843 to €7,276
- Gross operating margin +€165,652
up €165,652 (+702%), from €23,604 to €189,256
- Taxes +€32,809
up €32,809 (+695%), from €4,723 to €37,532
- Depreciation +€25,203
up €25,203 (+12,462%), from €202 to €25,405
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 | €49,299 | €213,921 | +€164,622 | +334% |
| Fixed assets | 21/28 | €2,750 | €56,370 | +€53,620 | +1,950% |
| Tangible fixed assets | 22/27 | €2,750 | €56,370 | +€53,620 | +1,950% |
| Plant, machinery and equipment | 23 | €2,750 | €2,160 | -€591 | -21.5% |
| Furniture and vehicles | 24 | - | €39,544 | +€39,544 | |
| Other tangible fixed assets | 26 | - | €14,667 | +€14,667 | |
| Current assets | 29/58 | €46,549 | €157,551 | +€111,001 | +238% |
| Stocks and contracts in progress | 3 | - | €5,421 | +€5,421 | |
| Stocks | 30/36 | - | €5,421 | +€5,421 | |
| Amounts receivable within one year | 40/41 | €934 | €14,509 | +€13,576 | +1,454% |
| Trade receivables | 40 | €404 | €10,610 | +€10,207 | +2,529% |
| Other amounts receivable | 41 | €530 | €3,899 | +€3,369 | +635% |
| Cash at bank and in hand | 54/58 | €44,151 | €135,505 | +€91,354 | +207% |
| Deferred charges and accrued income | 490/1 | €1,464 | €2,115 | +€651 | +44.4% |
| Total equity and liabilities | 10/49 | €49,299 | €213,921 | +€164,622 | +334% |
| Equity | 10/15 | €23,469 | €149,120 | +€125,651 | +535% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,469 | €18,469 | = | 0.0% |
| Distributable reserves | 133 | €18,469 | €18,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €125,651 | +€125,651 | |
| Amounts payable | 17/49 | €25,830 | €64,801 | +€38,971 | +151% |
| Amounts payable within one year | 42/48 | €25,830 | €64,801 | +€38,971 | +151% |
| Trade debts | 44 | €3,843 | €7,276 | +€3,433 | +89.3% |
| Suppliers | 440/4 | €3,843 | €7,276 | +€3,433 | +89.3% |
| Taxes, remuneration and social security | 45 | €12,902 | €57,525 | +€44,623 | +346% |
| Taxes | 450/3 | €12,902 | €57,525 | +€44,623 | +346% |
| Other amounts payable | 47/48 | €9,086 | €0 | -€9,086 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202 | €25,405 | +€25,203 | +12,462% |
| Other operating charges | 640/8 | €176 | €378 | +€203 | +116% |
| Gross operating margin | 9900 | €23,604 | €189,256 | +€165,652 | +702% |
| Operating profit (loss) | 9901 | €23,226 | €163,472 | +€140,246 | +604% |
| Financial income | 75/76B | €0 | €2 | +€2 | +18,400% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +18,400% |
| Financial charges | 65/66B | €34 | €291 | +€257 | +756% |
| Recurring financial charges | 65 | €34 | €291 | +€257 | +756% |
| Profit (loss) for the period before taxes | 9903 | €23,192 | €163,183 | +€139,991 | +604% |
| Income taxes | 67/77 | €4,723 | €37,532 | +€32,809 | +695% |
| Profit (loss) for the period | 9904 | €18,469 | €125,651 | +€107,182 | +580% |
| Profit (loss) for the period to be appropriated | 9905 | €18,469 | €125,651 | +€107,182 | +580% |
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 19 October 2026 via checked.be.