SAINT-DENIS: 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.
SAINT-DENIS
Largest movements
- Financial fixed assets +€116,267
up €116,267 (+843%), from €13,798 to €130,064
- Stocks and contracts +€49,391
up €49,391 (+64.5%), from €76,619 to €126,010
- Receivables within one year +€39,136
up €39,136 (+10.1%), from €387,258 to €426,395
of which Trade receivables: +€25,309
- Cash +€30,320
up €30,320 (+26.8%), from €113,087 to €143,407
mainly Net result for the year (+€170,831) and Contributions, distributions and other (+€116,267)
- Tangible fixed assets +€27,909
up €27,909 (+8.2%), from €340,221 to €368,130
of which Land and buildings: +€41,231
- Reserves +€170,831
up €170,831 (+22.9%), from €746,603 to €917,434
- Revaluation surpluses +€116,267
new in 2025: €116,267
- Trade debts +€76,708
up €76,708 (+69.9%), from €109,676 to €186,384
- Debts after one year -€72,364
down €72,364 (-80.8%), from €89,506 to €17,142
- Current portion of long-term debt -€25,899
down €25,899 (-76.3%), from €33,957 to €8,058
- Gross operating margin +€162,549
up €162,549 (+36.1%), from €449,717 to €612,266
- Taxes +€52,998
up €52,998 (+177%), from €29,928 to €82,927
- Staff costs -€24,469
down €24,469 (-9.2%), from €267,308 to €242,839
- Depreciation +€20,822
up €20,822 (+32.5%), from €64,104 to €84,926
- Other operating charges +€19,022
up €19,022 (+204%), from €9,302 to €28,323
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 | €1,059,014 | €1,321,837 | +€262,823 | +24.8% |
| Fixed assets | 21/28 | €356,030 | €499,306 | +€143,276 | +40.2% |
| Intangible fixed assets | 21 | €2,012 | €1,112 | -€900 | -44.7% |
| Tangible fixed assets | 22/27 | €340,221 | €368,130 | +€27,909 | +8.2% |
| Land and buildings | 22 | €17,450 | €58,681 | +€41,231 | +236% |
| Plant, machinery and equipment | 23 | €78,807 | €65,239 | -€13,568 | -17.2% |
| Furniture and vehicles | 24 | €219,552 | €226,170 | +€6,618 | +3.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €24,411 | €18,040 | -€6,371 | -26.1% |
| Financial fixed assets | 28 | €13,798 | €130,064 | +€116,267 | +843% |
| Current assets | 29/58 | €702,983 | €822,531 | +€119,548 | +17.0% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Trade receivables | 290 | €125,000 | €125,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €76,619 | €126,010 | +€49,391 | +64.5% |
| Stocks | 30/36 | €76,619 | €126,010 | +€49,391 | +64.5% |
| Amounts receivable within one year | 40/41 | €387,258 | €426,395 | +€39,136 | +10.1% |
| Trade receivables | 40 | €380,207 | €405,516 | +€25,309 | +6.7% |
| Other amounts receivable | 41 | €7,051 | €20,878 | +€13,827 | +196% |
| Cash at bank and in hand | 54/58 | €113,087 | €143,407 | +€30,320 | +26.8% |
| Deferred charges and accrued income | 490/1 | €1,019 | €1,720 | +€700 | +68.7% |
| Total equity and liabilities | 10/49 | €1,059,014 | €1,321,837 | +€262,823 | +24.8% |
| Equity | 10/15 | €810,403 | €1,097,501 | +€287,098 | +35.4% |
| Contributions | 10/11 | €63,800 | €63,800 | = | 0.0% |
| Revaluation surpluses | 12 | - | €116,267 | +€116,267 | |
| Reserves | 13 | €746,603 | €917,434 | +€170,831 | +22.9% |
| Distributable reserves | 133 | €746,603 | €917,434 | +€170,831 | +22.9% |
| Amounts payable | 17/49 | €248,611 | €224,336 | -€24,275 | -9.8% |
| Amounts payable after more than one year | 17 | €89,506 | €17,142 | -€72,364 | -80.8% |
| Financial debts | 170/4 | €89,506 | €17,142 | -€72,364 | -80.8% |
| Amounts payable within one year | 42/48 | €159,105 | €207,194 | +€48,090 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €33,957 | €8,058 | -€25,899 | -76.3% |
| Trade debts | 44 | €109,676 | €186,384 | +€76,708 | +69.9% |
| Suppliers | 440/4 | €109,676 | €186,384 | +€76,708 | +69.9% |
| Taxes, remuneration and social security | 45 | €14,973 | €12,254 | -€2,719 | -18.2% |
| Taxes | 450/3 | €4,928 | €2,927 | -€2,002 | -40.6% |
| Remuneration and social security | 454/9 | €10,045 | €9,327 | -€717 | -7.1% |
| Other amounts payable | 47/48 | €498 | €498 | = | 0.0% |
| Non-recurring operating income | 76A | €45 | €0 | -€45 | -100% |
| Remuneration, social security and pensions | 62 | €267,308 | €242,839 | -€24,469 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,104 | €84,926 | +€20,822 | +32.5% |
| Other operating charges | 640/8 | €9,302 | €28,323 | +€19,022 | +204% |
| Gross operating margin | 9900 | €449,717 | €612,266 | +€162,549 | +36.1% |
| Operating profit (loss) | 9901 | €109,003 | €256,177 | +€147,174 | +135% |
| Financial income | 75/76B | €362 | €1,420 | +€1,058 | +292% |
| Recurring financial income | 75 | €362 | €1,420 | +€1,058 | +292% |
| Financial charges | 65/66B | €6,354 | €3,840 | -€2,514 | -39.6% |
| Recurring financial charges | 65 | €6,354 | €3,840 | -€2,514 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €103,012 | €253,758 | +€150,746 | +146% |
| Income taxes | 67/77 | €29,928 | €82,927 | +€52,998 | +177% |
| Profit (loss) for the period | 9904 | €73,083 | €170,831 | +€97,748 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €73,083 | €170,831 | +€97,748 | +134% |
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 17 October 2026 via checked.be.