SAI: 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.
SAI
Largest movements
- Receivables within one year -€1,039
down €1,039 (-35.6%), from €2,923 to €1,884
of which Trade receivables: -€932
- Cash -€185
down €185 (-86.9%), from €213 to €28
mainly Tax, wage and social debts (-€2,733) and Other debts (-€1,653)
- Profit (loss) carried forward +€3,304
up €3,304 (+0.7%), from -€489,311 to -€486,007
- Tax, wage and social debts -€2,733
down €2,733 (-68.8%), from €3,971 to €1,238
- Other debts -€1,653
down €1,653 (-0.4%), from €388,224 to €386,571
- Trade debts -€159
no longer reported in 2025 (was €159)
- Financial charges -€498,411
down €498,411 (-100.0%), from €498,492 to €81
of which Non-recurring financial charges: -€498,425
- Gross operating margin -€16,819
down €16,819 (-78.0%), from €21,568 to €4,749
- Taxes -€2,733
down €2,733 (-68.8%), from €3,971 to €1,238
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 | €3,153 | €1,912 | -€1,241 | -39.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €3,153 | €1,912 | -€1,241 | -39.4% |
| Amounts receivable within one year | 40/41 | €2,923 | €1,884 | -€1,039 | -35.6% |
| Trade receivables | 40 | €2,763 | €1,832 | -€932 | -33.7% |
| Other amounts receivable | 41 | €159 | €52 | -€107 | -67.4% |
| Cash at bank and in hand | 54/58 | €213 | €28 | -€185 | -86.9% |
| Deferred charges and accrued income | 490/1 | €17 | - | -€17 | |
| Total equity and liabilities | 10/49 | €3,153 | €1,912 | -€1,241 | -39.4% |
| Equity | 10/15 | -€389,201 | -€385,897 | +€3,304 | +0.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €110 | €110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €110 | €110 | = | 0.0% |
| Reserves not available under the articles | 1311 | €110 | €110 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€489,311 | -€486,007 | +€3,304 | +0.7% |
| Amounts payable | 17/49 | €392,354 | €387,808 | -€4,546 | -1.2% |
| Amounts payable within one year | 42/48 | €392,354 | €387,808 | -€4,546 | -1.2% |
| Trade debts | 44 | €159 | - | -€159 | |
| Suppliers | 440/4 | €159 | - | -€159 | |
| Taxes, remuneration and social security | 45 | €3,971 | €1,238 | -€2,733 | -68.8% |
| Taxes | 450/3 | €3,971 | €1,238 | -€2,733 | -68.8% |
| Other amounts payable | 47/48 | €388,224 | €386,571 | -€1,653 | -0.4% |
| Other operating charges | 640/8 | €215 | €126 | -€89 | -41.4% |
| Gross operating margin | 9900 | €21,568 | €4,749 | -€16,819 | -78.0% |
| Operating profit (loss) | 9901 | €21,353 | €4,623 | -€16,730 | -78.3% |
| Financial charges | 65/66B | €498,492 | €81 | -€498,411 | -100.0% |
| Recurring financial charges | 65 | €67 | €81 | +€14 | +20.8% |
| Non-recurring financial charges | 66B | €498,425 | - | -€498,425 | |
| Profit (loss) for the period before taxes | 9903 | -€477,139 | €4,542 | +€481,681 | |
| Income taxes | 67/77 | €3,971 | €1,238 | -€2,733 | -68.8% |
| Profit (loss) for the period | 9904 | -€481,110 | €3,304 | +€484,415 | |
| Profit (loss) for the period to be appropriated | 9905 | -€481,110 | €3,304 | +€484,415 |
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 16 October 2026 via checked.be.