saigen: 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.
saigen
Largest movements
- Cash +€37,116
up €37,116 (+113%), from €32,745 to €69,861
mainly Net result for the year (+€50,728) and Tax, wage and social debts (+€8,500)
- Receivables within one year +€20,854
up €20,854 (+45.8%), from €45,543 to €66,397
of which Trade receivables: +€13,167
- Deferred charges and accrued income -€1,506
down €1,506 (-100%), from €1,506 to €0
- Profit (loss) carried forward +€50,728
up €50,728 (+84.8%), from €59,850 to €110,578
- Tax, wage and social debts +€8,500
up €8,500 (+34.9%), from €24,328 to €32,828
- Trade debts -€1,911
down €1,911 (-79.1%), from €2,416 to €506
- Gross operating margin +€16,358
up €16,358 (+30.8%), from €53,075 to €69,432
- Taxes +€4,136
up €4,136 (+35.1%), from €11,786 to €15,922
- Depreciation +€3,201
up €3,201 (+1,334%), from €240 to €3,441
- Financial income +€813
up €813 (+187%), from €435 to €1,248
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 | €88,594 | €145,911 | +€57,317 | +64.7% |
| Fixed assets | 21/28 | €8,799 | €9,653 | +€853 | +9.7% |
| Tangible fixed assets | 22/27 | €8,799 | €9,653 | +€853 | +9.7% |
| Furniture and vehicles | 24 | €8,799 | €9,653 | +€853 | +9.7% |
| Current assets | 29/58 | €79,794 | €136,258 | +€56,464 | +70.8% |
| Amounts receivable within one year | 40/41 | €45,543 | €66,397 | +€20,854 | +45.8% |
| Trade receivables | 40 | €23,958 | €37,125 | +€13,167 | +55.0% |
| Other amounts receivable | 41 | €21,585 | €29,272 | +€7,687 | +35.6% |
| Cash at bank and in hand | 54/58 | €32,745 | €69,861 | +€37,116 | +113% |
| Deferred charges and accrued income | 490/1 | €1,506 | €0 | -€1,506 | -100% |
| Total equity and liabilities | 10/49 | €88,594 | €145,911 | +€57,317 | +64.7% |
| Equity | 10/15 | €61,850 | €112,578 | +€50,728 | +82.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,850 | €110,578 | +€50,728 | +84.8% |
| Amounts payable | 17/49 | €26,744 | €33,333 | +€6,589 | +24.6% |
| Amounts payable within one year | 42/48 | €26,744 | €33,333 | +€6,589 | +24.6% |
| Trade debts | 44 | €2,416 | €506 | -€1,911 | -79.1% |
| Suppliers | 440/4 | €2,416 | €506 | -€1,911 | -79.1% |
| Taxes, remuneration and social security | 45 | €24,328 | €32,828 | +€8,500 | +34.9% |
| Taxes | 450/3 | €24,328 | €32,828 | +€8,500 | +34.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | €3,441 | +€3,201 | +1,334% |
| Other operating charges | 640/8 | €118 | €310 | +€192 | +163% |
| Gross operating margin | 9900 | €53,075 | €69,432 | +€16,358 | +30.8% |
| Operating profit (loss) | 9901 | €52,717 | €65,681 | +€12,964 | +24.6% |
| Financial income | 75/76B | €435 | €1,248 | +€813 | +187% |
| Recurring financial income | 75 | €435 | €1,248 | +€813 | +187% |
| Financial charges | 65/66B | €43 | €279 | +€236 | +553% |
| Recurring financial charges | 65 | €43 | €279 | +€236 | +553% |
| Profit (loss) for the period before taxes | 9903 | €53,109 | €66,650 | +€13,541 | +25.5% |
| Income taxes | 67/77 | €11,786 | €15,922 | +€4,136 | +35.1% |
| Profit (loss) for the period | 9904 | €41,323 | €50,728 | +€9,405 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,323 | €50,728 | +€9,405 | +22.8% |
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.