SAINT DOUICHE: 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 DOUICHE
Largest movements
- Cash +€10,128
up €10,128 (+40.0%), from €25,299 to €35,427
mainly Net result for the year (+€10,988) and Depreciation (+€7,428)
- Tangible fixed assets -€3,863
down €3,863 (-22.2%), from €17,413 to €13,550
of which Plant, machinery and equipment: -€2,487
- Stocks and contracts +€967
up €967 (+35.8%), from €2,697 to €3,664
- Formation expenses -€949
down €949 (-31.6%), from €3,006 to €2,057
- Intangible fixed assets -€640
down €640 (-31.6%), from €2,027 to €1,387
- Reserves +€17,763
new in 2025: €17,763
- Profit (loss) carried forward -€6,775
no longer reported in 2025 (was €6,775)
- Debts after one year -€6,007
no longer reported in 2025 (was €6,007)
- Tax, wage and social debts +€1,953
up €1,953 (+24.4%), from €8,014 to €9,968
of which Remuneration and social security: +€2,366
- Trade debts -€1,112
down €1,112 (-22.7%), from €4,902 to €3,790
- Staff costs +€48,319
up €48,319 (+283.1%), from €17,066 to €65,386
- Gross operating margin +€42,540
up €42,540 (+91.5%), from €46,496 to €89,036
- Taxes +€1,889
up €1,889 (+115.5%), from €1,635 to €3,524
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 | €58,260 | €63,534 | +€5,274 | +9.1% |
| Formation expenses | 20 | €3,006 | €2,057 | -€949 | -31.6% |
| Fixed assets | 21/28 | €19,440 | €14,937 | -€4,503 | -23.2% |
| Intangible fixed assets | 21 | €2,027 | €1,387 | -€640 | -31.6% |
| Tangible fixed assets | 22/27 | €17,413 | €13,550 | -€3,863 | -22.2% |
| Plant, machinery and equipment | 23 | €13,729 | €11,242 | -€2,487 | -18.1% |
| Furniture and vehicles | 24 | €3,684 | €2,308 | -€1,377 | -37.4% |
| Current assets | 29/58 | €35,813 | €46,540 | +€10,727 | +30.0% |
| Stocks and contracts in progress | 3 | €2,697 | €3,664 | +€967 | +35.8% |
| Stocks | 30/36 | €2,697 | €3,664 | +€967 | +35.8% |
| Amounts receivable within one year | 40/41 | €7,817 | €7,449 | -€368 | -4.7% |
| Trade receivables | 40 | €4,394 | €5,481 | +€1,087 | +24.7% |
| Other amounts receivable | 41 | €3,423 | €1,968 | -€1,455 | -42.5% |
| Cash at bank and in hand | 54/58 | €25,299 | €35,427 | +€10,128 | +40.0% |
| Total equity and liabilities | 10/49 | €58,260 | €63,534 | +€5,274 | +9.1% |
| Equity | 10/15 | €16,775 | €27,763 | +€10,988 | +65.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €17,763 | +€17,763 | |
| Distributable reserves | 133 | - | €17,763 | +€17,763 | |
| Profit (loss) carried forward | 14 | €6,775 | - | -€6,775 | |
| Amounts payable | 17/49 | €41,485 | €35,771 | -€5,714 | -13.8% |
| Amounts payable after more than one year | 17 | €6,007 | - | -€6,007 | |
| Financial debts | 170/4 | €6,007 | - | -€6,007 | |
| Amounts payable within one year | 42/48 | €35,478 | €35,771 | +€293 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €6,565 | €6,007 | -€558 | -8.5% |
| Trade debts | 44 | €4,902 | €3,790 | -€1,112 | -22.7% |
| Suppliers | 440/4 | €4,902 | €3,790 | -€1,112 | -22.7% |
| Taxes, remuneration and social security | 45 | €8,014 | €9,968 | +€1,953 | +24.4% |
| Taxes | 450/3 | €1,635 | €1,223 | -€413 | -25.2% |
| Remuneration and social security | 454/9 | €6,379 | €8,745 | +€2,366 | +37.1% |
| Other amounts payable | 47/48 | €15,996 | €16,006 | +€10 | +0.1% |
| Remuneration, social security and pensions | 62 | €17,066 | €65,386 | +€48,319 | +283.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,571 | €7,428 | +€857 | +13.0% |
| Other operating charges | 640/8 | €178 | €183 | +€6 | +3.2% |
| Gross operating margin | 9900 | €46,496 | €89,036 | +€42,540 | +91.5% |
| Operating profit (loss) | 9901 | €22,681 | €16,039 | -€6,642 | -29.3% |
| Financial income | 75/76B | €40 | €81 | +€41 | +104.9% |
| Recurring financial income | 75 | €40 | €81 | +€41 | +104.9% |
| Financial charges | 65/66B | €1,487 | €1,608 | +€121 | +8.1% |
| Recurring financial charges | 65 | €1,487 | €1,608 | +€121 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €21,234 | €14,512 | -€6,722 | -31.7% |
| Income taxes | 67/77 | €1,635 | €3,524 | +€1,889 | +115.5% |
| Profit (loss) for the period | 9904 | €19,599 | €10,988 | -€8,610 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,599 | €10,988 | -€8,610 | -43.9% |
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 9 October 2026 via checked.be.