Saiko: 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.
Saiko
Largest movements
- Cash +€5,373
up €5,373 (+42.3%), from €12,711 to €18,085
mainly Net result for the year (+€6,674) and Tax, wage and social debts (+€1,482)
- Stocks and contracts +€4,720
up €4,720 (+115.7%), from €4,080 to €8,801
- Tangible fixed assets -€1,327
down €1,327 (-34.4%), from €3,858 to €2,531
of which Other tangible fixed assets: -€715
- Deferred charges and accrued income -€1,323
no longer reported in 2025 (was €1,323)
- Receivables within one year +€901
up €901 (+13.1%), from €6,896 to €7,797
of which Other amounts receivable: +€984
- Reserves +€6,674
up €6,674 (+23.8%), from €28,089 to €34,763
- Tax, wage and social debts +€1,482
up €1,482 (+167.9%), from €883 to €2,365
of which Taxes: +€768
- Staff costs +€8,628
up €8,628 (+48.6%), from €17,741 to €26,369
- Gross operating margin +€6,957
up €6,957 (+21.5%), from €32,377 to €39,334
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 | €32,169 | €40,514 | +€8,345 | +25.9% |
| Fixed assets | 21/28 | €7,158 | €5,831 | -€1,327 | -18.5% |
| Tangible fixed assets | 22/27 | €3,858 | €2,531 | -€1,327 | -34.4% |
| Plant, machinery and equipment | 23 | €612 | - | -€612 | |
| Other tangible fixed assets | 26 | €3,246 | €2,531 | -€715 | -22.0% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €25,010 | €34,682 | +€9,672 | +38.7% |
| Stocks and contracts in progress | 3 | €4,080 | €8,801 | +€4,720 | +115.7% |
| Stocks | 30/36 | €4,080 | €8,801 | +€4,720 | +115.7% |
| Amounts receivable within one year | 40/41 | €6,896 | €7,797 | +€901 | +13.1% |
| Trade receivables | 40 | €371 | €287 | -€84 | -22.5% |
| Other amounts receivable | 41 | €6,525 | €7,510 | +€984 | +15.1% |
| Cash at bank and in hand | 54/58 | €12,711 | €18,085 | +€5,373 | +42.3% |
| Deferred charges and accrued income | 490/1 | €1,323 | - | -€1,323 | |
| Total equity and liabilities | 10/49 | €32,169 | €40,514 | +€8,345 | +25.9% |
| Equity | 10/15 | €30,589 | €37,263 | +€6,674 | +21.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €28,089 | €34,763 | +€6,674 | +23.8% |
| Distributable reserves | 133 | €28,089 | €34,763 | +€6,674 | +23.8% |
| Amounts payable | 17/49 | €1,580 | €3,250 | +€1,670 | +105.7% |
| Amounts payable within one year | 42/48 | €1,580 | €3,250 | +€1,670 | +105.7% |
| Trade debts | 44 | €697 | €885 | +€188 | +27.0% |
| Suppliers | 440/4 | €697 | €885 | +€188 | +27.0% |
| Taxes, remuneration and social security | 45 | €883 | €2,365 | +€1,482 | +167.9% |
| Taxes | 450/3 | €51 | €819 | +€768 | +1507.9% |
| Remuneration and social security | 454/9 | €832 | €1,546 | +€714 | +85.9% |
| Remuneration, social security and pensions | 62 | €17,741 | €26,369 | +€8,628 | +48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,161 | €1,327 | +€165 | +14.2% |
| Other operating charges | 640/8 | €2,624 | €2,541 | -€83 | -3.2% |
| Gross operating margin | 9900 | €32,377 | €39,334 | +€6,957 | +21.5% |
| Operating profit (loss) | 9901 | €10,850 | €9,097 | -€1,754 | -16.2% |
| Financial income | 75/76B | €285 | €281 | -€4 | -1.4% |
| Recurring financial income | 75 | €285 | €281 | -€4 | -1.4% |
| Financial charges | 65/66B | €155 | €254 | +€98 | +63.4% |
| Recurring financial charges | 65 | €155 | €254 | +€98 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | €10,981 | €9,124 | -€1,856 | -16.9% |
| Income taxes | 67/77 | €2,743 | €2,450 | -€293 | -10.7% |
| Profit (loss) for the period | 9904 | €8,237 | €6,674 | -€1,563 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,237 | €6,674 | -€1,563 | -19.0% |
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 9 October 2026 via checked.be.