SAES BELGIË: what changed
SAES BELGIË
Largest movements
- Receivables within one year -€67,359
down €67,359 (-64.7%), from €104,063 to €36,704
of which Trade receivables: -€65,000
- Cash -€3,396
down €3,396 (-22.7%), from €14,970 to €11,573
mainly Trade debts (-€78,182)
- Trade debts -€78,182
no longer reported in 2025 (was €78,182)
- Other debts +€7,049
up €7,049 (+3.7%), from €192,207 to €199,256
- Gross operating margin +€21,177
up €21,177, from -€20,367 to €810
- Taxes -€2,919
no longer reported in 2025 (was €2,919)
- Other operating charges +€387
new in 2025: €387
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,607 | €52,851 | -€70,756 | -57.2% |
| Fixed assets | 21/28 | €4,574 | €4,574 | = | 0.0% |
| Financial fixed assets | 28 | €4,574 | €4,574 | = | 0.0% |
| Current assets | 29/58 | €119,033 | €48,277 | -€70,756 | -59.4% |
| Amounts receivable within one year | 40/41 | €104,063 | €36,704 | -€67,359 | -64.7% |
| Trade receivables | 40 | €70,068 | €5,068 | -€65,000 | -92.8% |
| Other amounts receivable | 41 | €33,995 | €31,636 | -€2,359 | -6.9% |
| Cash at bank and in hand | 54/58 | €14,970 | €11,573 | -€3,396 | -22.7% |
| Total equity and liabilities | 10/49 | €123,607 | €52,851 | -€70,756 | -57.2% |
| Equity | 10/15 | -€146,782 | -€146,405 | +€377 | +0.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,782 | -€166,405 | +€377 | +0.2% |
| Amounts payable | 17/49 | €270,389 | €199,256 | -€71,133 | -26.3% |
| Amounts payable within one year | 42/48 | €270,389 | €199,256 | -€71,133 | -26.3% |
| Trade debts | 44 | €78,182 | - | -€78,182 | |
| Suppliers | 440/4 | €78,182 | - | -€78,182 | |
| Other amounts payable | 47/48 | €192,207 | €199,256 | +€7,049 | +3.7% |
| Remuneration, social security and pensions | 62 | €163 | - | -€163 | |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | -€20,367 | €810 | +€21,177 | |
| Operating profit (loss) | 9901 | -€20,531 | €422 | +€20,953 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,574 | €377 | +€20,952 | |
| Income taxes | 67/77 | €2,919 | - | -€2,919 | |
| Profit (loss) for the period | 9904 | -€23,493 | €377 | +€23,871 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,493 | €377 | +€23,871 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.