SAILE: what changed
SAILE
Largest movements
- Financial fixed assets -€944,749
down €944,749 (-100%), from €944,749 to €0
- Cash +€413,415
up €413,415 (+498%), from €82,952 to €496,368
mainly Investment in fixed assets (net) (+€629,588) and Net result for the year (+€609,214)
- Tangible fixed assets +€298,203
new in 2025: €298,203
of which Land and buildings: +€181,200
- Receivables within one year +€27,946
up €27,946 (+3,963%), from €705 to €28,651
of which Other amounts receivable: +€26,275
- Reserves +€609,214
up €609,214 (+775%), from €78,594 to €687,808
of which Distributable reserves: +€609,214
- Debts after one year -€464,701
down €464,701 (-100%), from €464,701 to €0
- Contributions -€403,200
down €403,200 (-86.8%), from €464,700 to €61,500
- Tax, wage and social debts +€57,114
up €57,114 (+854%), from €6,688 to €63,802
- Trade debts +€13,812
up €13,812, from €0 to €13,812
- Financial income +€558,950
up €558,950 (+931%), from €60,023 to €618,973
- Taxes +€67,540
up €67,540 (+2,104%), from €3,211 to €70,751
- Gross operating margin +€60,659
up €60,659 (+414%), from €14,652 to €75,311
- Financial charges -€35,497
down €35,497 (-90.7%), from €39,123 to €3,626
- Depreciation +€10,543
new in 2025: €10,543
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,028,406 | €829,637 | -€198,769 | -19.3% |
| Fixed assets | 21/28 | €944,749 | €304,619 | -€640,131 | -67.8% |
| Intangible fixed assets | 21 | - | €6,415 | +€6,415 | |
| Tangible fixed assets | 22/27 | - | €298,203 | +€298,203 | |
| Land and buildings | 22 | - | €181,200 | +€181,200 | |
| Plant, machinery and equipment | 23 | - | €114,596 | +€114,596 | |
| Furniture and vehicles | 24 | - | €2,408 | +€2,408 | |
| Financial fixed assets | 28 | €944,749 | €0 | -€944,749 | -100% |
| Current assets | 29/58 | €83,657 | €525,019 | +€441,361 | +528% |
| Amounts receivable within one year | 40/41 | €705 | €28,651 | +€27,946 | +3,963% |
| Trade receivables | 40 | - | €1,671 | +€1,671 | |
| Other amounts receivable | 41 | €705 | €26,980 | +€26,275 | +3,726% |
| Cash at bank and in hand | 54/58 | €82,952 | €496,368 | +€413,415 | +498% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,028,406 | €829,637 | -€198,769 | -19.3% |
| Equity | 10/15 | €547,831 | €749,908 | +€202,078 | +36.9% |
| Contributions | 10/11 | €464,700 | €61,500 | -€403,200 | -86.8% |
| Capital | 10 | €464,700 | €61,500 | -€403,200 | -86.8% |
| Issued capital | 100 | €464,700 | €61,500 | -€403,200 | -86.8% |
| Reserves | 13 | €78,594 | €687,808 | +€609,214 | +775% |
| Non-distributable reserves | 130/1 | €46,470 | €46,470 | = | 0.0% |
| Legal reserve | 130 | €46,470 | €46,470 | = | 0.0% |
| Distributable reserves | 133 | €32,124 | €641,338 | +€609,214 | +1,896% |
| Profit (loss) carried forward | 14 | €4,536 | €600 | -€3,936 | -86.8% |
| Amounts payable | 17/49 | €480,576 | €79,729 | -€400,847 | -83.4% |
| Amounts payable after more than one year | 17 | €464,701 | €0 | -€464,701 | -100% |
| Financial debts | 170/4 | €464,701 | €0 | -€464,701 | -100% |
| Amounts payable within one year | 42/48 | €9,037 | €79,729 | +€70,692 | +782% |
| Trade debts | 44 | €0 | €13,812 | +€13,812 | |
| Suppliers | 440/4 | €0 | €13,812 | +€13,812 | |
| Taxes, remuneration and social security | 45 | €6,688 | €63,802 | +€57,114 | +854% |
| Taxes | 450/3 | €6,688 | €63,802 | +€57,114 | +854% |
| Other amounts payable | 47/48 | €2,349 | €2,115 | -€234 | -10.0% |
| Accrued charges and deferred income | 492/3 | €6,839 | €0 | -€6,839 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,543 | +€10,543 | |
| Other operating charges | 640/8 | €217 | €150 | -€67 | -30.9% |
| Gross operating margin | 9900 | €14,652 | €75,311 | +€60,659 | +414% |
| Operating profit (loss) | 9901 | €14,435 | €64,618 | +€50,183 | +348% |
| Financial income | 75/76B | €60,023 | €618,973 | +€558,950 | +931% |
| Recurring financial income | 75 | €60,023 | €618,973 | +€558,950 | +931% |
| Financial charges | 65/66B | €39,123 | €3,626 | -€35,497 | -90.7% |
| Recurring financial charges | 65 | €39,123 | €3,626 | -€35,497 | -90.7% |
| Profit (loss) for the period before taxes | 9903 | €35,335 | €679,965 | +€644,630 | +1,824% |
| Income taxes | 67/77 | €3,211 | €70,751 | +€67,540 | +2,104% |
| Profit (loss) for the period | 9904 | €32,124 | €609,214 | +€577,089 | +1,796% |
| Profit (loss) for the period to be appropriated | 9905 | €32,124 | €609,214 | +€577,089 | +1,796% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.