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 -€16,484
down €16,484 (-99.7%), from €16,536 to €52
of which Trade receivables: -€16,536
- Deferred charges and accrued income -€3,916
down €3,916 (-60.1%), from €6,513 to €2,597
- Stocks and contracts +€2,381
up €2,381 (+8.8%), from €27,032 to €29,414
- Cash +€901
up €901 (+18.2%), from €4,950 to €5,852
mainly Receivables within one year (+€16,484) and Short-term financial debts (+€8,159)
- Trade debts -€16,081
down €16,081 (-86.1%), from €18,678 to €2,597
- Short-term financial debts +€8,159
up €8,159 (+245%), from €3,327 to €11,487
- Tax, wage and social debts -€5,355
down €5,355 (-50.9%), from €10,525 to €5,170
of which Remuneration and social security: -€3,574
- Other debts -€2,237
down €2,237 (-100%), from €2,237 to €0
- Reserves -€1,603
down €1,603 (-96.3%), from €1,664 to €61
of which Distributable reserves: -€1,603
- Gross operating margin -€9,808
down €9,808 (-20.1%), from €48,838 to €39,029
- Staff costs +€1,191
up €1,191 (+3.7%), from €32,621 to €33,813
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 | €55,032 | €37,914 | -€17,117 | -31.1% |
| Current assets | 29/58 | €55,032 | €37,914 | -€17,117 | -31.1% |
| Stocks and contracts in progress | 3 | €27,032 | €29,414 | +€2,381 | +8.8% |
| Stocks | 30/36 | €27,032 | €29,414 | +€2,381 | +8.8% |
| Amounts receivable within one year | 40/41 | €16,536 | €52 | -€16,484 | -99.7% |
| Trade receivables | 40 | €16,536 | €0 | -€16,536 | -100% |
| Other amounts receivable | 41 | - | €52 | +€52 | |
| Cash at bank and in hand | 54/58 | €4,950 | €5,852 | +€901 | +18.2% |
| Deferred charges and accrued income | 490/1 | €6,513 | €2,597 | -€3,916 | -60.1% |
| Total equity and liabilities | 10/49 | €55,032 | €37,914 | -€17,117 | -31.1% |
| Equity | 10/15 | €20,264 | €18,661 | -€1,603 | -7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,664 | €61 | -€1,603 | -96.3% |
| Non-distributable reserves | 130/1 | €17 | €17 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17 | €17 | = | 0.0% |
| Distributable reserves | 133 | €1,647 | €44 | -€1,603 | -97.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €34,768 | €19,253 | -€15,515 | -44.6% |
| Amounts payable within one year | 42/48 | €34,768 | €19,253 | -€15,515 | -44.6% |
| Financial debts | 43 | €3,327 | €11,487 | +€8,159 | +245% |
| Credit institutions | 430/8 | €3,327 | €11,487 | +€8,159 | +245% |
| Trade debts | 44 | €18,678 | €2,597 | -€16,081 | -86.1% |
| Suppliers | 440/4 | €18,678 | €2,597 | -€16,081 | -86.1% |
| Taxes, remuneration and social security | 45 | €10,525 | €5,170 | -€5,355 | -50.9% |
| Taxes | 450/3 | €2,056 | €274 | -€1,781 | -86.7% |
| Remuneration and social security | 454/9 | €8,470 | €4,895 | -€3,574 | -42.2% |
| Other amounts payable | 47/48 | €2,237 | €0 | -€2,237 | -100% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €32,621 | €33,813 | +€1,191 | +3.7% |
| Other operating charges | 640/8 | €4,268 | €4,209 | -€59 | -1.4% |
| Gross operating margin | 9900 | €48,838 | €39,029 | -€9,808 | -20.1% |
| Operating profit (loss) | 9901 | €11,948 | €1,007 | -€10,941 | -91.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -90.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -90.0% |
| Financial charges | 65/66B | €2,690 | €2,336 | -€354 | -13.1% |
| Recurring financial charges | 65 | €2,690 | €2,336 | -€354 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €9,259 | -€1,329 | -€10,588 | |
| Income taxes | 67/77 | €302 | €274 | -€28 | -9.2% |
| Profit (loss) for the period | 9904 | €8,958 | -€1,603 | -€10,561 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,958 | -€1,603 | -€10,561 |
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.