SAINT JULIEN: 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 JULIEN
Largest movements
- Receivables within one year +€69,958
up €69,958 (+848%), from €8,251 to €78,209
of which Trade receivables: +€63,770
- Stocks and contracts +€40,000
up €40,000 (+103%), from €38,675 to €78,675
- Cash -€34,316
down €34,316 (-32.8%), from €104,675 to €70,359
mainly Receivables within one year (-€69,958) and Stocks and contracts (-€40,000)
- Deferred charges and accrued income -€4,639
down €4,639 (-75.4%), from €6,150 to €1,511
- Trade debts +€50,031
up €50,031 (+171%), from €29,180 to €79,211
- Profit (loss) carried forward +€13,730
up €13,730 (+36.0%), from €38,101 to €51,831
- Advances received +€13,000
new in 2025: €13,000
- Other debts -€6,439
no longer reported in 2025 (was €6,439)
- Gross operating margin -€26,358
down €26,358 (-32.0%), from €82,453 to €56,096
- Taxes -€13,130
down €13,130 (-78.2%), from €16,798 to €3,668
- Staff costs +€9,584
up €9,584 (+38.0%), from €25,250 to €34,834
- Financial income -€1,381
down €1,381 (-100.0%), from €1,382 to €0
of which Non-recurring financial income: -€1,371
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 | €160,559 | €230,732 | +€70,173 | +43.7% |
| Fixed assets | 21/28 | €2,808 | €1,978 | -€830 | -29.6% |
| Tangible fixed assets | 22/27 | €2,808 | €1,978 | -€830 | -29.6% |
| Furniture and vehicles | 24 | €951 | €512 | -€439 | -46.2% |
| Other tangible fixed assets | 26 | €1,857 | €1,466 | -€391 | -21.1% |
| Current assets | 29/58 | €157,751 | €228,754 | +€71,003 | +45.0% |
| Stocks and contracts in progress | 3 | €38,675 | €78,675 | +€40,000 | +103% |
| Stocks | 30/36 | €38,675 | €78,675 | +€40,000 | +103% |
| Amounts receivable within one year | 40/41 | €8,251 | €78,209 | +€69,958 | +848% |
| Trade receivables | 40 | €6,882 | €70,651 | +€63,770 | +927% |
| Other amounts receivable | 41 | €1,369 | €7,557 | +€6,189 | +452% |
| Cash at bank and in hand | 54/58 | €104,675 | €70,359 | -€34,316 | -32.8% |
| Deferred charges and accrued income | 490/1 | €6,150 | €1,511 | -€4,639 | -75.4% |
| Total equity and liabilities | 10/49 | €160,559 | €230,732 | +€70,173 | +43.7% |
| Equity | 10/15 | €106,161 | €119,891 | +€13,730 | +12.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,860 | €61,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,101 | €51,831 | +€13,730 | +36.0% |
| Amounts payable | 17/49 | €54,398 | €110,841 | +€56,443 | +104% |
| Amounts payable within one year | 42/48 | €54,398 | €110,841 | +€56,443 | +104% |
| Current portion of amounts payable after more than one year | 42 | - | €1,686 | +€1,686 | |
| Trade debts | 44 | €29,180 | €79,211 | +€50,031 | +171% |
| Suppliers | 440/4 | €29,180 | €79,211 | +€50,031 | +171% |
| Advances received on contracts in progress | 46 | - | €13,000 | +€13,000 | |
| Taxes, remuneration and social security | 45 | €18,779 | €16,944 | -€1,835 | -9.8% |
| Taxes | 450/3 | €18,002 | €15,668 | -€2,334 | -13.0% |
| Remuneration and social security | 454/9 | €777 | €1,276 | +€499 | +64.3% |
| Other amounts payable | 47/48 | €6,439 | - | -€6,439 | |
| Remuneration, social security and pensions | 62 | €25,250 | €34,834 | +€9,584 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €463 | €830 | +€366 | +79.1% |
| Other operating charges | 640/8 | €1,452 | €1,350 | -€102 | -7.0% |
| Gross operating margin | 9900 | €82,453 | €56,096 | -€26,358 | -32.0% |
| Operating profit (loss) | 9901 | €55,288 | €19,082 | -€36,206 | -65.5% |
| Financial income | 75/76B | €1,382 | €0 | -€1,381 | -100.0% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -99.1% |
| Non-recurring financial income | 76B | €1,371 | - | -€1,371 | |
| Financial charges | 65/66B | €1,141 | €1,684 | +€542 | +47.5% |
| Recurring financial charges | 65 | €1,141 | €1,684 | +€542 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | €55,528 | €17,399 | -€38,130 | -68.7% |
| Income taxes | 67/77 | €16,798 | €3,668 | -€13,130 | -78.2% |
| Profit (loss) for the period | 9904 | €38,730 | €13,730 | -€25,000 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,730 | €13,730 | -€25,000 | -64.5% |
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 23 October 2026 via checked.be.