SÄGEWERK BILL: 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.
SÄGEWERK BILL
Largest movements
- Cash +€422,894
up €422,894 (+95.8%), from €441,481 to €864,375
mainly Current investments (+€399,780) and Net result for the year (+€125,104)
- Current investments -€399,780
down €399,780 (-56.1%), from €712,619 to €312,838
- Stocks and contracts +€101,099
up €101,099 (+74.5%), from €135,627 to €236,726
- Trade debts +€77,244
up €77,244 (+120%), from €64,495 to €141,740
- Other debts +€65,222
up €65,222 (+83.1%), from €78,462 to €143,684
- Gross operating margin -€54,299
down €54,299 (-12.2%), from €444,331 to €390,033
- Write-downs +€30,167
no longer reported in 2025 (was -€30,167)
- Other operating charges -€29,039
down €29,039 (-75.9%), from €38,249 to €9,210
- Taxes -€16,206
down €16,206 (-23.7%), from €68,387 to €52,181
- Financial income +€10,549
up €10,549 (+89.4%), from €11,798 to €22,347
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 | €1,965,583 | €2,119,015 | +€153,431 | +7.8% |
| Fixed assets | 21/28 | €507,174 | €522,451 | +€15,277 | +3.0% |
| Tangible fixed assets | 22/27 | €507,174 | €522,451 | +€15,277 | +3.0% |
| Land and buildings | 22 | €491,995 | €481,872 | -€10,123 | -2.1% |
| Plant, machinery and equipment | 23 | €1,002 | €761 | -€241 | -24.0% |
| Furniture and vehicles | 24 | €14,177 | €39,817 | +€25,641 | +181% |
| Current assets | 29/58 | €1,458,410 | €1,596,564 | +€138,154 | +9.5% |
| Stocks and contracts in progress | 3 | €135,627 | €236,726 | +€101,099 | +74.5% |
| Stocks | 30/36 | €135,627 | €236,726 | +€101,099 | +74.5% |
| Amounts receivable within one year | 40/41 | €164,390 | €178,751 | +€14,361 | +8.7% |
| Trade receivables | 40 | €155,406 | €159,638 | +€4,231 | +2.7% |
| Other amounts receivable | 41 | €8,984 | €19,113 | +€10,129 | +113% |
| Current investments | 50/53 | €712,619 | €312,838 | -€399,780 | -56.1% |
| Cash at bank and in hand | 54/58 | €441,481 | €864,375 | +€422,894 | +95.8% |
| Deferred charges and accrued income | 490/1 | €4,293 | €3,874 | -€418 | -9.7% |
| Total equity and liabilities | 10/49 | €1,965,583 | €2,119,015 | +€153,431 | +7.8% |
| Equity | 10/15 | €1,784,885 | €1,792,793 | +€7,908 | +0.4% |
| Contributions | 10/11 | €157,500 | €157,500 | = | 0.0% |
| Capital | 10 | €157,500 | €157,500 | = | 0.0% |
| Issued capital | 100 | €157,500 | €157,500 | = | 0.0% |
| Reserves | 13 | €1,217,972 | €1,225,880 | +€7,908 | +0.6% |
| Non-distributable reserves | 130/1 | €50,891 | €50,891 | = | 0.0% |
| Legal reserve | 130 | €50,891 | €50,891 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,110,831 | €1,118,739 | +€7,908 | +0.7% |
| Profit (loss) carried forward | 14 | €409,413 | €409,413 | = | 0.0% |
| Amounts payable | 17/49 | €180,698 | €326,222 | +€145,523 | +80.5% |
| Amounts payable within one year | 42/48 | €178,434 | €323,886 | +€145,452 | +81.5% |
| Trade debts | 44 | €64,495 | €141,740 | +€77,244 | +120% |
| Suppliers | 440/4 | €64,495 | €141,740 | +€77,244 | +120% |
| Taxes, remuneration and social security | 45 | €35,477 | €38,462 | +€2,985 | +8.4% |
| Taxes | 450/3 | €18,190 | €17,890 | -€300 | -1.6% |
| Remuneration and social security | 454/9 | €17,287 | €20,572 | +€3,285 | +19.0% |
| Other amounts payable | 47/48 | €78,462 | €143,684 | +€65,222 | +83.1% |
| Accrued charges and deferred income | 492/3 | €2,264 | €2,336 | +€72 | +3.2% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Remuneration, social security and pensions | 62 | €171,473 | €170,343 | -€1,130 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,605 | €49,119 | +€8,514 | +21.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€30,167 | - | +€30,167 | |
| Other operating charges | 640/8 | €38,249 | €9,210 | -€29,039 | -75.9% |
| Gross operating margin | 9900 | €444,331 | €390,033 | -€54,299 | -12.2% |
| Operating profit (loss) | 9901 | €224,172 | €161,360 | -€62,811 | -28.0% |
| Financial income | 75/76B | €11,798 | €22,347 | +€10,549 | +89.4% |
| Recurring financial income | 75 | €11,798 | €22,347 | +€10,549 | +89.4% |
| Financial charges | 65/66B | €6,754 | €6,422 | -€332 | -4.9% |
| Recurring financial charges | 65 | €6,754 | €6,422 | -€332 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €229,216 | €177,285 | -€51,931 | -22.7% |
| Income taxes | 67/77 | €68,387 | €52,181 | -€16,206 | -23.7% |
| Profit (loss) for the period | 9904 | €160,829 | €125,104 | -€35,725 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €160,829 | €125,104 | -€35,725 | -22.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.