SAIKO NO: 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 NO
Largest movements
- Tangible fixed assets +€37,883
up €37,883 (+15.4%), from €245,261 to €283,144
of which Land and buildings: +€244,827
- Receivables after one year +€12,032
new in 2025: €12,032
- Receivables within one year -€6,468
down €6,468 (-24.3%), from €26,614 to €20,146
of which Other amounts receivable: -€16,959
- Debts after one year +€88,252
up €88,252 (+55.7%), from €158,380 to €246,632
- Profit (loss) carried forward -€32,796
down €32,796, from €5,411 to -€27,385
- Trade debts -€27,354
down €27,354 (-47.7%), from €57,371 to €30,017
- Tax, wage and social debts +€11,264
up €11,264 (+221%), from €5,089 to €16,352
of which Taxes: +€6,308
- Current portion of long-term debt +€5,362
up €5,362 (+94.2%), from €5,692 to €11,053
- Gross operating margin -€51,017
down €51,017 (-89.9%), from €56,777 to €5,760
- Taxes -€5,089
no longer reported in 2025 (was €5,089)
- Financial charges +€4,765
up €4,765 (+106%), from €4,477 to €9,242
- Depreciation -€2,514
down €2,514 (-8.7%), from €28,863 to €26,349
- Other operating charges +€1,972
up €1,972 (+197%), from €1,003 to €2,975
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €272,148 | €315,600 | +€43,452 | +16.0% |
| Fixed assets | 21/28 | €245,461 | €283,344 | +€37,883 | +15.4% |
| Tangible fixed assets | 22/27 | €245,261 | €283,144 | +€37,883 | +15.4% |
| Land and buildings | 22 | €8,462 | €253,289 | +€244,827 | +2,893% |
| Plant, machinery and equipment | 23 | €4,074 | €3,625 | -€448 | -11.0% |
| Furniture and vehicles | 24 | €32,787 | €26,230 | -€6,557 | -20.0% |
| Other tangible fixed assets | 26 | €199,937 | - | -€199,937 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €26,688 | €32,256 | +€5,569 | +20.9% |
| Amounts receivable after more than one year | 29 | - | €12,032 | +€12,032 | |
| Other amounts receivable | 291 | - | €12,032 | +€12,032 | |
| Amounts receivable within one year | 40/41 | €26,614 | €20,146 | -€6,468 | -24.3% |
| Trade receivables | 40 | €9,075 | €19,566 | +€10,491 | +116% |
| Other amounts receivable | 41 | €17,539 | €581 | -€16,959 | -96.7% |
| Deferred charges and accrued income | 490/1 | €73 | €78 | +€5 | +6.6% |
| Total equity and liabilities | 10/49 | €272,148 | €315,600 | +€43,452 | +16.0% |
| Equity | 10/15 | €43,145 | €10,349 | -€32,796 | -76.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,534 | €31,534 | = | 0.0% |
| Distributable reserves | 133 | €31,534 | €31,534 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,411 | -€27,385 | -€32,796 | |
| Amounts payable | 17/49 | €229,003 | €305,252 | +€76,248 | +33.3% |
| Amounts payable after more than one year | 17 | €158,380 | €246,632 | +€88,252 | +55.7% |
| Financial debts | 170/4 | €158,380 | €246,632 | +€88,252 | +55.7% |
| Amounts payable within one year | 42/48 | €70,623 | €58,619 | -€12,004 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €5,692 | €11,053 | +€5,362 | +94.2% |
| Financial debts | 43 | €1,010 | €1,197 | +€187 | +18.5% |
| Credit institutions | 430/8 | €1,010 | €1,197 | +€187 | +18.5% |
| Trade debts | 44 | €57,371 | €30,017 | -€27,354 | -47.7% |
| Suppliers | 440/4 | €57,371 | €30,017 | -€27,354 | -47.7% |
| Taxes, remuneration and social security | 45 | €5,089 | €16,352 | +€11,264 | +221% |
| Taxes | 450/3 | €5,089 | €11,396 | +€6,308 | +124% |
| Remuneration and social security | 454/9 | - | €4,956 | +€4,956 | |
| Other amounts payable | 47/48 | €1,463 | - | -€1,463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,863 | €26,349 | -€2,514 | -8.7% |
| Other operating charges | 640/8 | €1,003 | €2,975 | +€1,972 | +197% |
| Gross operating margin | 9900 | €56,777 | €5,760 | -€51,017 | -89.9% |
| Operating profit (loss) | 9901 | €26,911 | -€23,565 | -€50,476 | |
| Financial income | 75/76B | €9 | €11 | +€2 | +22.6% |
| Recurring financial income | 75 | €9 | €11 | +€2 | +22.6% |
| Financial charges | 65/66B | €4,477 | €9,242 | +€4,765 | +106% |
| Recurring financial charges | 65 | €4,477 | €9,242 | +€4,765 | +106% |
| Profit (loss) for the period before taxes | 9903 | €22,443 | -€32,796 | -€55,239 | |
| Income taxes | 67/77 | €5,089 | - | -€5,089 | |
| Profit (loss) for the period | 9904 | €17,354 | -€32,796 | -€50,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,354 | -€32,796 | -€50,150 |
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 18 October 2026 via checked.be.