SAINT DENIS: 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.
SAINT DENIS
Largest movements
- Financial fixed assets -€1.6m
down €1.6m (-20.2%), from €8.1m to €6.4m
- Tangible fixed assets +€1.6m
up €1.6m (+122.7%), from €1.3m to €2.9m
of which Land and buildings: +€1.6m
- Current investments -€900,000
down €900,000 (-100.0%), from €900,003 to €3
- Receivables within one year -€387,542
down €387,542 (-48.8%), from €793,687 to €406,146
of which Other amounts receivable: -€452,933
- Debts after one year -€1.5m
down €1.5m (-50.0%), from €3.0m to €1.5m
- Other debts +€418,001
up €418,001 (+16.0%), from €2.6m to €3.0m
- Profit (loss) carried forward -€306,463
down €306,463 (-5.0%), from -€6.2m to -€6.5m
- Financial income -€3.2m
down €3.2m (-71.4%), from €4.5m to €1.3m
of which Non-recurring financial income: -€2.9m
- Financial charges +€1.5m
up €1.5m (+940.7%), from €155,743 to €1.6m
of which Non-recurring financial charges: +€1.0m
- Other operating charges +€87,533
up €87,533 (+526.0%), from €16,642 to €104,175
- Gross operating margin +€82,032
up €82,032 (+17.2%), from €475,637 to €557,669
- Depreciation +€23,015
up €23,015 (+23.5%), from €98,129 to €121,144
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 | €13,272,482 | €11,852,816 | -€1.4m | -10.7% |
| Fixed assets | 21/28 | €9,369,959 | €9,334,347 | -€35,611 | -0.4% |
| Tangible fixed assets | 22/27 | €1,298,281 | €2,891,103 | +€1.6m | +122.7% |
| Land and buildings | 22 | €1,248,955 | €2,845,964 | +€1.6m | +127.9% |
| Plant, machinery and equipment | 23 | €2,198 | €2,198 | = | 0.0% |
| Furniture and vehicles | 24 | €29,704 | €25,517 | -€4,187 | -14.1% |
| Assets under construction and advance payments | 27 | €17,424 | €17,424 | = | 0.0% |
| Financial fixed assets | 28 | €8,071,678 | €6,443,244 | -€1.6m | -20.2% |
| Current assets | 29/58 | €3,902,524 | €2,518,469 | -€1.4m | -35.5% |
| Amounts receivable after more than one year | 29 | €840,984 | €876,551 | +€35,567 | +4.2% |
| Other amounts receivable | 291 | €840,984 | €876,551 | +€35,567 | +4.2% |
| Amounts receivable within one year | 40/41 | €793,687 | €406,146 | -€387,542 | -48.8% |
| Trade receivables | 40 | €114,080 | €179,472 | +€65,392 | +57.3% |
| Other amounts receivable | 41 | €679,607 | €226,674 | -€452,933 | -66.6% |
| Current investments | 50/53 | €900,003 | €3 | -€900,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,356,581 | €1,234,394 | -€122,187 | -9.0% |
| Deferred charges and accrued income | 490/1 | €11,269 | €1,376 | -€9,893 | -87.8% |
| Total equity and liabilities | 10/49 | €13,272,482 | €11,852,816 | -€1.4m | -10.7% |
| Equity | 10/15 | €7,563,520 | €7,257,058 | -€306,463 | -4.1% |
| Contributions | 10/11 | €12,500,000 | €12,500,000 | = | 0.0% |
| Capital | 10 | €12,500,000 | €12,500,000 | = | 0.0% |
| Issued capital | 100 | €12,500,000 | €12,500,000 | = | 0.0% |
| Reserves | 13 | €1,250,000 | €1,250,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,250,000 | €1,250,000 | = | 0.0% |
| Legal reserve | 130 | €1,250,000 | €1,250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,186,480 | -€6,492,942 | -€306,463 | -5.0% |
| Amounts payable | 17/49 | €5,708,962 | €4,595,759 | -€1.1m | -19.5% |
| Amounts payable after more than one year | 17 | €3,000,000 | €1,500,000 | -€1.5m | -50.0% |
| Financial debts | 170/4 | €3,000,000 | €1,500,000 | -€1.5m | -50.0% |
| Amounts payable within one year | 42/48 | €2,691,567 | €3,094,891 | +€403,323 | +15.0% |
| Trade debts | 44 | €9,713 | €16,488 | +€6,775 | +69.8% |
| Suppliers | 440/4 | €9,713 | €16,488 | +€6,775 | +69.8% |
| Taxes, remuneration and social security | 45 | €67,112 | €45,659 | -€21,453 | -32.0% |
| Taxes | 450/3 | €67,112 | €45,659 | -€21,453 | -32.0% |
| Other amounts payable | 47/48 | €2,614,742 | €3,032,743 | +€418,001 | +16.0% |
| Accrued charges and deferred income | 492/3 | €17,395 | €868 | -€16,527 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,129 | €121,144 | +€23,015 | +23.5% |
| Other operating charges | 640/8 | €16,642 | €104,175 | +€87,533 | +526.0% |
| Non-recurring operating charges | 66A | - | €286,250 | +€286,250 | |
| Gross operating margin | 9900 | €475,637 | €557,669 | +€82,032 | +17.2% |
| Operating profit (loss) | 9901 | €360,866 | €46,100 | -€314,766 | -87.2% |
| Financial income | 75/76B | €4,461,850 | €1,275,047 | -€3.2m | -71.4% |
| Recurring financial income | 75 | €365,902 | €98,565 | -€267,337 | -73.1% |
| Non-recurring financial income | 76B | €4,095,948 | €1,176,481 | -€2.9m | -71.3% |
| Financial charges | 65/66B | €155,743 | €1,620,763 | +€1.5m | +940.7% |
| Recurring financial charges | 65 | €155,743 | €617,263 | +€461,520 | +296.3% |
| Non-recurring financial charges | 66B | - | €1,003,500 | +€1.0m | |
| Profit (loss) for the period before taxes | 9903 | €4,666,973 | -€299,617 | -€5.0m | |
| Income taxes | 67/77 | €11,939 | €6,846 | -€5,093 | -42.7% |
| Profit (loss) for the period | 9904 | €4,655,034 | -€306,463 | -€5.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €4,655,034 | -€306,463 | -€5.0m |
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 6 October 2026 via checked.be.