Saey: 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.
Saey
Largest movements
- Tangible fixed assets +€91,053
up €91,053 (+8,136%), from €1,119 to €92,172
- Current investments +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Cash -€39,592
down €39,592 (-64.0%), from €61,830 to €22,238
mainly Investment in fixed assets (net) (-€110,751) and Current investments (-€50,000)
- Receivables within one year +€5,342
new in 2024: €5,342
of which Trade receivables: +€3,918
- Other debts +€114,027
up €114,027 (+37,540%), from €304 to €114,330
- Reserves -€15,832
down €15,832 (-11.1%), from €142,256 to €126,423
- Tax, wage and social debts +€5,210
up €5,210 (+177%), from €2,936 to €8,146
- Gross operating margin +€47,552
up €47,552 (+243%), from €19,567 to €67,119
- Depreciation +€19,423
up €19,423 (+7,062%), from €275 to €19,698
- Taxes +€9,541
up €9,541 (+155%), from €6,168 to €15,708
- Financial charges +€5,377
up €5,377 (+12,682%), from €42 to €5,419
- Other operating charges -€1,108
down €1,108 (-60.4%), from €1,832 to €725
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,815 | €270,621 | +€105,806 | +64.2% |
| Fixed assets | 21/28 | €1,218 | €92,271 | +€91,053 | +7,475% |
| Tangible fixed assets | 22/27 | €1,119 | €92,172 | +€91,053 | +8,136% |
| Furniture and vehicles | 24 | €1,119 | €92,172 | +€91,053 | +8,136% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €163,597 | €178,350 | +€14,753 | +9.0% |
| Amounts receivable within one year | 40/41 | - | €5,342 | +€5,342 | |
| Trade receivables | 40 | - | €3,918 | +€3,918 | |
| Other amounts receivable | 41 | - | €1,425 | +€1,425 | |
| Current investments | 50/53 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €61,830 | €22,238 | -€39,592 | -64.0% |
| Deferred charges and accrued income | 490/1 | €1,768 | €770 | -€998 | -56.4% |
| Total equity and liabilities | 10/49 | €164,815 | €270,621 | +€105,806 | +64.2% |
| Equity | 10/15 | €160,856 | €145,023 | -€15,832 | -9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €142,256 | €126,423 | -€15,832 | -11.1% |
| Distributable reserves | 133 | €142,256 | €126,423 | -€15,832 | -11.1% |
| Amounts payable | 17/49 | €3,960 | €125,598 | +€121,638 | +3,072% |
| Amounts payable within one year | 42/48 | €3,960 | €125,598 | +€121,638 | +3,072% |
| Trade debts | 44 | €720 | €3,122 | +€2,401 | +333% |
| Suppliers | 440/4 | €720 | €3,122 | +€2,401 | +333% |
| Taxes, remuneration and social security | 45 | €2,936 | €8,146 | +€5,210 | +177% |
| Taxes | 450/3 | €2,936 | €8,146 | +€5,210 | +177% |
| Other amounts payable | 47/48 | €304 | €114,330 | +€114,027 | +37,540% |
| Non-recurring operating income | 76A | - | €8,414 | +€8,414 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275 | €19,698 | +€19,423 | +7,062% |
| Other operating charges | 640/8 | €1,832 | €725 | -€1,108 | -60.4% |
| Gross operating margin | 9900 | €19,567 | €67,119 | +€47,552 | +243% |
| Operating profit (loss) | 9901 | €17,460 | €46,696 | +€29,236 | +167% |
| Financial income | 75/76B | €737 | €1,588 | +€851 | +115% |
| Recurring financial income | 75 | €737 | €1,588 | +€851 | +115% |
| Financial charges | 65/66B | €42 | €5,419 | +€5,377 | +12,682% |
| Recurring financial charges | 65 | €42 | €5,419 | +€5,377 | +12,682% |
| Profit (loss) for the period before taxes | 9903 | €18,154 | €42,865 | +€24,710 | +136% |
| Income taxes | 67/77 | €6,168 | €15,708 | +€9,541 | +155% |
| Profit (loss) for the period | 9904 | €11,987 | €27,157 | +€15,170 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €11,987 | €27,157 | +€15,170 | +127% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.