SAINT GEORGE: 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 GEORGE
Largest movements
- Cash +€23,752
up €23,752 (+69.1%), from €34,394 to €58,146
mainly Net result for the year (+€30,029) and Depreciation (+€18,458)
- Tangible fixed assets -€18,458
down €18,458 (-19.7%), from €93,645 to €75,188
of which Plant, machinery and equipment: -€15,139
- Receivables within one year +€10,421
up €10,421 (+188%), from €5,554 to €15,976
of which Trade receivables: +€13,486
- Deferred charges and accrued income +€9,964
up €9,964 (+1,631%), from €611 to €10,574
- Stocks and contracts +€3,232
up €3,232 (+4.7%), from €69,492 to €72,724
- Profit (loss) carried forward +€30,029
up €30,029 (+122%), from €24,545 to €54,575
- Debts after one year -€5,709
down €5,709 (-14.8%), from €38,566 to €32,857
- Trade debts +€5,446
up €5,446 (+5.8%), from €94,494 to €99,940
- Tax, wage and social debts -€3,269
down €3,269 (-12.7%), from €25,789 to €22,520
of which Remuneration and social security: -€9,071
- Staff costs +€24,546
up €24,546 (+23.5%), from €104,304 to €128,850
- Financial charges +€7,833
up €7,833 (+125%), from €6,281 to €14,114
- Taxes +€4,279
up €4,279 (+75.0%), from €5,709 to €9,988
- Gross operating margin +€2,831
up €2,831 (+1.4%), from €203,233 to €206,064
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 | €203,986 | €232,897 | +€28,911 | +14.2% |
| Fixed assets | 21/28 | €93,935 | €75,478 | -€18,458 | -19.6% |
| Tangible fixed assets | 22/27 | €93,645 | €75,188 | -€18,458 | -19.7% |
| Plant, machinery and equipment | 23 | €75,293 | €60,154 | -€15,139 | -20.1% |
| Furniture and vehicles | 24 | €382 | €107 | -€275 | -72.0% |
| Other tangible fixed assets | 26 | €17,970 | €14,926 | -€3,043 | -16.9% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €110,051 | €157,420 | +€47,368 | +43.0% |
| Stocks and contracts in progress | 3 | €69,492 | €72,724 | +€3,232 | +4.7% |
| Stocks | 30/36 | €69,492 | €72,724 | +€3,232 | +4.7% |
| Amounts receivable within one year | 40/41 | €5,554 | €15,976 | +€10,421 | +188% |
| Trade receivables | 40 | - | €13,486 | +€13,486 | |
| Other amounts receivable | 41 | €5,554 | €2,489 | -€3,065 | -55.2% |
| Cash at bank and in hand | 54/58 | €34,394 | €58,146 | +€23,752 | +69.1% |
| Deferred charges and accrued income | 490/1 | €611 | €10,574 | +€9,964 | +1,631% |
| Total equity and liabilities | 10/49 | €203,986 | €232,897 | +€28,911 | +14.2% |
| Equity | 10/15 | €39,545 | €69,575 | +€30,029 | +75.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,545 | €54,575 | +€30,029 | +122% |
| Amounts payable | 17/49 | €164,441 | €163,322 | -€1,119 | -0.7% |
| Amounts payable after more than one year | 17 | €38,566 | €32,857 | -€5,709 | -14.8% |
| Financial debts | 170/4 | €38,566 | €32,857 | -€5,709 | -14.8% |
| Amounts payable within one year | 42/48 | €125,875 | €130,465 | +€4,591 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €5,592 | €5,709 | +€117 | +2.1% |
| Trade debts | 44 | €94,494 | €99,940 | +€5,446 | +5.8% |
| Suppliers | 440/4 | €94,494 | €99,940 | +€5,446 | +5.8% |
| Taxes, remuneration and social security | 45 | €25,789 | €22,520 | -€3,269 | -12.7% |
| Taxes | 450/3 | €6,009 | €11,811 | +€5,802 | +96.6% |
| Remuneration and social security | 454/9 | €19,780 | €10,708 | -€9,071 | -45.9% |
| Other amounts payable | 47/48 | - | €2,297 | +€2,297 | |
| Remuneration, social security and pensions | 62 | €104,304 | €128,850 | +€24,546 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,458 | €18,458 | +€0 | 0.0% |
| Other operating charges | 640/8 | €6,694 | €4,903 | -€1,790 | -26.7% |
| Gross operating margin | 9900 | €203,233 | €206,064 | +€2,831 | +1.4% |
| Operating profit (loss) | 9901 | €73,778 | €53,853 | -€19,924 | -27.0% |
| Financial income | 75/76B | €889 | €278 | -€612 | -68.8% |
| Recurring financial income | 75 | €889 | €278 | -€612 | -68.8% |
| Financial charges | 65/66B | €6,281 | €14,114 | +€7,833 | +125% |
| Recurring financial charges | 65 | €6,281 | €14,114 | +€7,833 | +125% |
| Profit (loss) for the period before taxes | 9903 | €68,386 | €40,017 | -€28,369 | -41.5% |
| Income taxes | 67/77 | €5,709 | €9,988 | +€4,279 | +75.0% |
| Profit (loss) for the period | 9904 | €62,677 | €30,029 | -€32,648 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,677 | €30,029 | -€32,648 | -52.1% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.