SAINT - HONORE: 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 - HONORE
Largest movements
- Receivables within one year -€31,926
down €31,926 (-57.4%), from €55,606 to €23,679
of which Other amounts receivable: -€35,780
- Tangible fixed assets -€8,762
down €8,762 (-34.0%), from €25,798 to €17,036
- Cash +€1,737
up €1,737 (+52.8%), from €3,292 to €5,029
mainly Receivables within one year (+€31,926) and Depreciation (+€13,874)
- Reserves -€30,000
down €30,000 (-92.6%), from €32,400 to €2,400
of which Distributable reserves: -€30,000
- Debts after one year -€9,405
no longer reported in 2025 (was €9,405)
- Trade debts -€8,002
down €8,002 (-85.6%), from €9,353 to €1,350
- Current portion of long-term debt +€5,507
up €5,507 (+150%), from €3,660 to €9,167
- Accrued charges and deferred income +€2,000
new in 2025: €2,000
- Gross operating margin +€11,005
up €11,005 (+71.3%), from €15,434 to €26,439
- Depreciation -€9,242
down €9,242 (-40.0%), from €23,117 to €13,874
- Financial charges +€6,326
up €6,326 (+375%), from €1,688 to €8,013
- Taxes +€984
up €984 (+212%), from €464 to €1,448
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 | €90,921 | €51,509 | -€39,412 | -43.3% |
| Fixed assets | 21/28 | €25,873 | €17,110 | -€8,762 | -33.9% |
| Tangible fixed assets | 22/27 | €25,798 | €17,036 | -€8,762 | -34.0% |
| Land and buildings | 22 | €4,598 | €2,535 | -€2,063 | -44.9% |
| Plant, machinery and equipment | 23 | €11,412 | €7,394 | -€4,018 | -35.2% |
| Furniture and vehicles | 24 | €9,788 | €7,106 | -€2,682 | -27.4% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €65,048 | €34,399 | -€30,649 | -47.1% |
| Stocks and contracts in progress | 3 | €6,150 | €5,690 | -€460 | -7.5% |
| Stocks | 30/36 | €6,150 | €5,690 | -€460 | -7.5% |
| Amounts receivable within one year | 40/41 | €55,606 | €23,679 | -€31,926 | -57.4% |
| Trade receivables | 40 | €5,224 | €9,078 | +€3,854 | +73.8% |
| Other amounts receivable | 41 | €50,381 | €14,601 | -€35,780 | -71.0% |
| Cash at bank and in hand | 54/58 | €3,292 | €5,029 | +€1,737 | +52.8% |
| Total equity and liabilities | 10/49 | €90,921 | €51,509 | -€39,412 | -43.3% |
| Equity | 10/15 | €61,578 | €31,278 | -€30,300 | -49.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €32,400 | €2,400 | -€30,000 | -92.6% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,400 | €2,400 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | - | -€30,000 | |
| Profit (loss) carried forward | 14 | €10,586 | €10,286 | -€300 | -2.8% |
| Amounts payable | 17/49 | €29,343 | €20,232 | -€9,112 | -31.1% |
| Amounts payable after more than one year | 17 | €9,405 | - | -€9,405 | |
| Financial debts | 170/4 | €9,405 | - | -€9,405 | |
| Amounts payable within one year | 42/48 | €19,938 | €18,232 | -€1,707 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €3,660 | €9,167 | +€5,507 | +150% |
| Trade debts | 44 | €9,353 | €1,350 | -€8,002 | -85.6% |
| Suppliers | 440/4 | €9,353 | €1,350 | -€8,002 | -85.6% |
| Taxes, remuneration and social security | 45 | €6,926 | €7,715 | +€789 | +11.4% |
| Taxes | 450/3 | €6,926 | €7,715 | +€789 | +11.4% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,117 | €13,874 | -€9,242 | -40.0% |
| Other operating charges | 640/8 | €3,375 | €3,598 | +€223 | +6.6% |
| Non-recurring operating charges | 66A | €117 | - | -€117 | |
| Gross operating margin | 9900 | €15,434 | €26,439 | +€11,005 | +71.3% |
| Operating profit (loss) | 9901 | -€11,175 | €8,967 | +€20,142 | |
| Financial income | 75/76B | €435 | €194 | -€241 | -55.5% |
| Recurring financial income | 75 | €435 | €194 | -€241 | -55.5% |
| Financial charges | 65/66B | €1,688 | €8,013 | +€6,326 | +375% |
| Recurring financial charges | 65 | €1,688 | €8,013 | +€6,326 | +375% |
| Profit (loss) for the period before taxes | 9903 | -€12,427 | €1,148 | +€13,575 | |
| Income taxes | 67/77 | €464 | €1,448 | +€984 | +212% |
| Profit (loss) for the period | 9904 | -€12,891 | -€300 | +€12,591 | +97.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,891 | -€300 | +€12,591 | +97.7% |
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 27 October 2026 via checked.be.