SAINT- PAUL & CO: what changed
What changed
SAINT- PAUL & CO
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
-€29,948
2024 · -€36,545+€6,598
Equity
€272,582
2024 · €302,529-€29,948
Cash
€53,972
2024 · €183,913-€129,941
Balance sheet total
€1.6m
2024 · €900,693+€725,273
Largest movements
Assets
- Stocks and contracts +€844,890
up €844,890 (+119%), from €711,513 to €1.6m
- Cash -€129,941
down €129,941 (-70.7%), from €183,913 to €53,972
mainly Stocks and contracts (-€844,890) and Net result for the year (-€29,948)
Equity and liabilities
- Debts after one year +€670,000
up €670,000 (+143%), from €467,500 to €1.1m
- Other debts +€96,071
up €96,071 (+116%), from €83,134 to €179,206
- Profit (loss) carried forward -€29,948
down €29,948 (-10.6%), from €282,078 to €252,131
Income statement
- Gross operating margin +€12,075
up €12,075, from -€3,850 to €8,224
- Financial charges +€5,611
up €5,611 (+20.5%), from €27,411 to €33,022
- Depreciation -€240
down €240 (-36.2%), from €665 to €424
- Other operating charges +€168
up €168 (+3.9%), from €4,311 to €4,480
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€36,545
Gross operating margin
+€12,075
Staff costs
+€40
Depreciation
+€240
Other operating charges
-€168
Financial charges
-€5,611
Taxes
+€21
Result 2025
-€29,948
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€799,941
Investment
€0
Financing
+€670,000
Cash 2024
€183,913
From operations (derived)
-€799,941
Net result for the year
-€29,948
Depreciation
+€424
Stocks and contracts
-€844,890
Receivables within one year
-€9,459
Smaller working-capital items
-€1,321
Trade debts
-€12,945
Advances received
+€5,917
Other debts
+€96,071
Accrued charges and deferred income
-€3,791
Financing
+€670,000
Debts after one year
+€670,000
Cash 2025
€53,972
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €900,693 | €1,625,965 | +€725,273 | +80.5% |
| Fixed assets | 21/28 | €424 | - | -€424 | |
| Tangible fixed assets | 22/27 | €424 | - | -€424 | |
| Furniture and vehicles | 24 | €424 | - | -€424 | |
| Current assets | 29/58 | €900,268 | €1,625,965 | +€725,697 | +80.6% |
| Stocks and contracts in progress | 3 | €711,513 | €1,556,403 | +€844,890 | +119% |
| Stocks | 30/36 | €711,513 | €1,556,403 | +€844,890 | +119% |
| Amounts receivable within one year | 40/41 | €3,943 | €13,403 | +€9,459 | +240% |
| Trade receivables | 40 | €2,836 | €11,761 | +€8,925 | +315% |
| Other amounts receivable | 41 | €1,107 | €1,642 | +€534 | +48.2% |
| Cash at bank and in hand | 54/58 | €183,913 | €53,972 | -€129,941 | -70.7% |
| Deferred charges and accrued income | 490/1 | €899 | €2,187 | +€1,289 | +143% |
| Total equity and liabilities | 10/49 | €900,693 | €1,625,965 | +€725,273 | +80.5% |
| Equity | 10/15 | €302,529 | €272,582 | -€29,948 | -9.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €282,078 | €252,131 | -€29,948 | -10.6% |
| Amounts payable | 17/49 | €598,163 | €1,353,383 | +€755,220 | +126% |
| Amounts payable after more than one year | 17 | €467,500 | €1,137,500 | +€670,000 | +143% |
| Financial debts | 170/4 | €467,500 | €1,137,500 | +€670,000 | +143% |
| Amounts payable within one year | 42/48 | €103,373 | €192,384 | +€89,011 | +86.1% |
| Trade debts | 44 | €19,713 | €6,768 | -€12,945 | -65.7% |
| Suppliers | 440/4 | €19,713 | €6,768 | -€12,945 | -65.7% |
| Advances received on contracts in progress | 46 | - | €5,917 | +€5,917 | |
| Taxes, remuneration and social security | 45 | €526 | €494 | -€32 | -6.1% |
| Taxes | 450/3 | €526 | €494 | -€32 | -6.1% |
| Other amounts payable | 47/48 | €83,134 | €179,206 | +€96,071 | +116% |
| Accrued charges and deferred income | 492/3 | €27,290 | €23,499 | -€3,791 | -13.9% |
| Remuneration, social security and pensions | 62 | €50 | €10 | -€40 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €665 | €424 | -€240 | -36.2% |
| Other operating charges | 640/8 | €4,311 | €4,480 | +€168 | +3.9% |
| Gross operating margin | 9900 | -€3,850 | €8,224 | +€12,075 | |
| Operating profit (loss) | 9901 | -€8,877 | €3,310 | +€12,187 | |
| Financial charges | 65/66B | €27,411 | €33,022 | +€5,611 | +20.5% |
| Recurring financial charges | 65 | €27,411 | €33,022 | +€5,611 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | -€36,288 | -€29,711 | +€6,576 | +18.1% |
| Income taxes | 67/77 | €258 | €236 | -€21 | -8.3% |
| Profit (loss) for the period | 9904 | -€36,545 | -€29,948 | +€6,598 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,545 | -€29,948 | +€6,598 | +18.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.