SAIN PAIN: 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.
SAIN PAIN
Largest movements
- Tangible fixed assets -€12,786
down €12,786 (-5.8%), from €219,033 to €206,247
- Receivables within one year +€8,126
up €8,126 (+106%), from €7,683 to €15,809
of which Trade receivables: +€6,531
- Stocks and contracts -€4,678
down €4,678 (-28.1%), from €16,627 to €11,949
- Cash +€4,156
up €4,156 (+534%), from €779 to €4,935
mainly Net result for the year (+€17,051) and Depreciation (+€12,786)
- Debts after one year -€25,774
down €25,774 (-41.7%), from €61,878 to €36,104
- Profit (loss) carried forward +€17,051
up €17,051, from -€917 to €16,134
- Other debts +€9,244
up €9,244 (+10.8%), from €85,566 to €94,809
- Trade debts -€7,703
down €7,703 (-45.2%), from €17,045 to €9,342
- Turnover +€32,841
up €32,841 (+48.4%), from €67,897 to €100,738
- Purchases and services +€20,072
up €20,072 (+42.7%), from €47,019 to €67,091
- Gross operating margin +€12,770
up €12,770 (+61.2%), from €20,878 to €33,648
- Taxes -€1,778
no longer reported in 2025 (was €1,778)
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 | €244,528 | €239,346 | -€5,182 | -2.1% |
| Fixed assets | 21/28 | €219,183 | €206,397 | -€12,786 | -5.8% |
| Tangible fixed assets | 22/27 | €219,033 | €206,247 | -€12,786 | -5.8% |
| Land and buildings | 22 | €219,033 | €206,247 | -€12,786 | -5.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €25,345 | €32,949 | +€7,604 | +30.0% |
| Stocks and contracts in progress | 3 | €16,627 | €11,949 | -€4,678 | -28.1% |
| Stocks | 30/36 | €16,627 | €11,949 | -€4,678 | -28.1% |
| Amounts receivable within one year | 40/41 | €7,683 | €15,809 | +€8,126 | +106% |
| Trade receivables | 40 | - | €6,531 | +€6,531 | |
| Other amounts receivable | 41 | €7,683 | €9,278 | +€1,595 | +20.8% |
| Cash at bank and in hand | 54/58 | €779 | €4,935 | +€4,156 | +534% |
| Deferred charges and accrued income | 490/1 | €257 | €257 | = | 0.0% |
| Total equity and liabilities | 10/49 | €244,528 | €239,346 | -€5,182 | -2.1% |
| Equity | 10/15 | €19,200 | €36,251 | +€17,051 | +88.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,525 | €1,525 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,525 | €1,525 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,525 | €1,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€917 | €16,134 | +€17,051 | |
| Amounts payable | 17/49 | €225,328 | €203,095 | -€22,233 | -9.9% |
| Amounts payable after more than one year | 17 | €61,878 | €36,104 | -€25,774 | -41.7% |
| Financial debts | 170/4 | €61,878 | €36,104 | -€25,774 | -41.7% |
| Amounts payable within one year | 42/48 | €163,450 | €166,991 | +€3,541 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €41,305 | €41,305 | = | 0.0% |
| Trade debts | 44 | €17,045 | €9,342 | -€7,703 | -45.2% |
| Suppliers | 440/4 | €17,045 | €9,342 | -€7,703 | -45.2% |
| Taxes, remuneration and social security | 45 | €19,535 | €21,535 | +€2,000 | +10.2% |
| Taxes | 450/3 | - | €200 | +€200 | |
| Remuneration and social security | 454/9 | €19,535 | €21,335 | +€1,800 | +9.2% |
| Other amounts payable | 47/48 | €85,566 | €94,809 | +€9,244 | +10.8% |
| Turnover | 70 | €67,897 | €100,738 | +€32,841 | +48.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €47,019 | €67,091 | +€20,072 | +42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,786 | €12,786 | = | 0.0% |
| Other operating charges | 640/8 | €3,129 | €3,387 | +€258 | +8.3% |
| Gross operating margin | 9900 | €20,878 | €33,648 | +€12,770 | +61.2% |
| Operating profit (loss) | 9901 | €4,963 | €17,475 | +€12,511 | +252% |
| Financial charges | 65/66B | €573 | €424 | -€149 | -26.0% |
| Recurring financial charges | 65 | €573 | €424 | -€149 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €4,391 | €17,051 | +€12,660 | +288% |
| Income taxes | 67/77 | €1,778 | - | -€1,778 | |
| Profit (loss) for the period | 9904 | €2,613 | €17,051 | +€14,438 | +553% |
| Profit (loss) for the period to be appropriated | 9905 | €2,613 | €17,051 | +€14,438 | +553% |
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.