SAINGETECH: what changed
Two fiscal 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.
SAINGETECH
Largest movements
- Receivables within one year +€27,314
up €27,314 (+49.2%), from €55,565 to €82,879
of which Trade receivables: +€27,402
- Stocks and contracts +€25,513
new in 2025: €25,513
- Tangible fixed assets +€15,325
up €15,325 (+120.5%), from €12,720 to €28,045
of which Plant, machinery and equipment: +€11,253
- Financial fixed assets +€10,072
new in 2025: €10,072
- Cash -€4,961
down €4,961 (-10.7%), from €46,572 to €41,610
mainly Investment in fixed assets (net) (-€34,352) and Receivables within one year (-€27,314)
- Reserves +€40,000
up €40,000 (+93.9%), from €42,600 to €82,600
- Trade debts +€16,858
up €16,858 (+398.6%), from €4,230 to €21,088
- Debts after one year +€10,981
up €10,981 (+208.5%), from €5,266 to €16,247
- Current portion of long-term debt +€5,350
up €5,350 (+94.2%), from €5,676 to €11,026
- Tax, wage and social debts +€2,690
up €2,690 (+7.5%), from €35,821 to €38,511
of which Taxes: +€2,765
- Gross operating margin -€14,755
down €14,755 (-18.7%), from €78,952 to €64,196
- Taxes -€11,030
down €11,030 (-48.3%), from €22,821 to €11,790
- Staff costs -€1,497
no longer reported in 2025 (was €1,497)
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 | €117,012 | €191,421 | +€74,409 | +63.6% |
| Fixed assets | 21/28 | €12,720 | €38,117 | +€25,397 | +199.7% |
| Tangible fixed assets | 22/27 | €12,720 | €28,045 | +€15,325 | +120.5% |
| Plant, machinery and equipment | 23 | €1,025 | €12,279 | +€11,253 | +1097.4% |
| Furniture and vehicles | 24 | €11,695 | €15,766 | +€4,071 | +34.8% |
| Financial fixed assets | 28 | - | €10,072 | +€10,072 | |
| Current assets | 29/58 | €104,292 | €153,304 | +€49,013 | +47.0% |
| Stocks and contracts in progress | 3 | - | €25,513 | +€25,513 | |
| Stocks | 30/36 | - | €25,513 | +€25,513 | |
| Amounts receivable within one year | 40/41 | €55,565 | €82,879 | +€27,314 | +49.2% |
| Trade receivables | 40 | €55,477 | €82,879 | +€27,402 | +49.4% |
| Other amounts receivable | 41 | €89 | - | -€89 | |
| Cash at bank and in hand | 54/58 | €46,572 | €41,610 | -€4,961 | -10.7% |
| Deferred charges and accrued income | 490/1 | €2,155 | €3,302 | +€1,148 | +53.3% |
| Total equity and liabilities | 10/49 | €117,012 | €191,421 | +€74,409 | +63.6% |
| Equity | 10/15 | €47,616 | €87,702 | +€40,086 | +84.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,600 | €82,600 | +€40,000 | +93.9% |
| Distributable reserves | 133 | €42,600 | €82,600 | +€40,000 | +93.9% |
| Profit (loss) carried forward | 14 | €16 | €102 | +€86 | +550.5% |
| Amounts payable | 17/49 | €69,396 | €103,719 | +€34,323 | +49.5% |
| Amounts payable after more than one year | 17 | €5,266 | €16,247 | +€10,981 | +208.5% |
| Financial debts | 170/4 | €5,266 | €16,247 | +€10,981 | +208.5% |
| Amounts payable within one year | 42/48 | €61,480 | €84,717 | +€23,237 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €5,676 | €11,026 | +€5,350 | +94.2% |
| Trade debts | 44 | €4,230 | €21,088 | +€16,858 | +398.6% |
| Suppliers | 440/4 | €4,230 | €21,088 | +€16,858 | +398.6% |
| Taxes, remuneration and social security | 45 | €35,821 | €38,511 | +€2,690 | +7.5% |
| Taxes | 450/3 | €35,746 | €38,511 | +€2,765 | +7.7% |
| Remuneration and social security | 454/9 | €74 | - | -€74 | |
| Other amounts payable | 47/48 | €15,754 | €14,093 | -€1,661 | -10.5% |
| Accrued charges and deferred income | 492/3 | €2,650 | €2,755 | +€105 | +4.0% |
| Remuneration, social security and pensions | 62 | €1,497 | - | -€1,497 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,801 | €8,956 | +€154 | +1.8% |
| Other operating charges | 640/8 | €1,575 | €1,128 | -€447 | -28.4% |
| Gross operating margin | 9900 | €78,952 | €64,196 | -€14,755 | -18.7% |
| Operating profit (loss) | 9901 | €67,079 | €54,113 | -€12,966 | -19.3% |
| Financial income | 75/76B | €20 | €52 | +€32 | +157.1% |
| Recurring financial income | 75 | €20 | €52 | +€32 | +157.1% |
| Financial charges | 65/66B | €1,663 | €2,289 | +€626 | +37.7% |
| Recurring financial charges | 65 | €1,663 | €2,289 | +€626 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €65,436 | €51,876 | -€13,560 | -20.7% |
| Income taxes | 67/77 | €22,821 | €11,790 | -€11,030 | -48.3% |
| Profit (loss) for the period | 9904 | €42,616 | €40,086 | -€2,529 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,616 | €40,086 | -€2,529 | -5.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.