SAIGA: what changed
Two fiscal 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.
SAIGA
Largest movements
- Cash -€341,343
down €341,343 (-80.8%), from €422,525 to €81,182
mainly Other debts (-€375,939) and Contributions, distributions and other (-€58,469)
- Receivables within one year -€51,516
down €51,516 (-83.3%), from €61,871 to €10,355
of which Trade receivables: -€55,168
- Other debts -€375,939
down €375,939 (-84.1%), from €447,171 to €71,232
- Tax, wage and social debts -€16,907
down €16,907 (-95.9%), from €17,629 to €723
- Gross operating margin -€65,601
down €65,601 (-46.3%), from €141,698 to €76,097
- Taxes -€15,667
down €15,667 (-51.0%), from €30,723 to €15,056
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.
Cash bridge derived
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 | €485,848 | €92,360 | -€393,488 | -81.0% |
| Fixed assets | 21/28 | €1,426 | €338 | -€1,088 | -76.3% |
| Tangible fixed assets | 22/27 | €1,426 | €338 | -€1,088 | -76.3% |
| Furniture and vehicles | 24 | €1,426 | €338 | -€1,088 | -76.3% |
| Current assets | 29/58 | €484,422 | €92,022 | -€392,400 | -81.0% |
| Amounts receivable within one year | 40/41 | €61,871 | €10,355 | -€51,516 | -83.3% |
| Trade receivables | 40 | €55,188 | €20 | -€55,168 | -100.0% |
| Other amounts receivable | 41 | €6,683 | €10,335 | +€3,652 | +54.6% |
| Cash at bank and in hand | 54/58 | €422,525 | €81,182 | -€341,343 | -80.8% |
| Deferred charges and accrued income | 490/1 | €26 | €485 | +€459 | +1757.2% |
| Total equity and liabilities | 10/49 | €485,848 | €92,360 | -€393,488 | -81.0% |
| Equity | 10/15 | €20,405 | €20,405 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €465,443 | €71,955 | -€393,488 | -84.5% |
| Amounts payable within one year | 42/48 | €465,443 | €71,955 | -€393,488 | -84.5% |
| Trade debts | 44 | €642 | €0 | -€642 | -100.0% |
| Suppliers | 440/4 | €642 | €0 | -€642 | -100.0% |
| Taxes, remuneration and social security | 45 | €17,629 | €723 | -€16,907 | -95.9% |
| Taxes | 450/3 | €17,629 | €723 | -€16,907 | -95.9% |
| Other amounts payable | 47/48 | €447,171 | €71,232 | -€375,939 | -84.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,088 | €1,088 | = | 0.0% |
| Other operating charges | 640/8 | €484 | €1,352 | +€868 | +179.5% |
| Gross operating margin | 9900 | €141,698 | €76,097 | -€65,601 | -46.3% |
| Operating profit (loss) | 9901 | €140,127 | €73,657 | -€66,469 | -47.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +50.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +50.0% |
| Financial charges | 65/66B | €117 | €133 | +€16 | +13.7% |
| Recurring financial charges | 65 | €117 | €133 | +€16 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €140,010 | €73,525 | -€66,485 | -47.5% |
| Income taxes | 67/77 | €30,723 | €15,056 | -€15,667 | -51.0% |
| Profit (loss) for the period | 9904 | €109,287 | €58,469 | -€50,818 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €109,287 | €58,469 | -€50,818 | -46.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.