SAINTAX: what changed
Two fiscal 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.
SAINTAX
Largest movements
- Current investments +€409,673
up €409,673 (+359.4%), from €114,000 to €523,673
- Cash -€376,359
down €376,359 (-74.9%), from €502,575 to €126,217
mainly Current investments (-€409,673) and Receivables within one year (-€81,404)
- Receivables within one year +€81,404
up €81,404 (+61.6%), from €132,191 to €213,595
of which Trade receivables: +€60,341
- Reserves +€136,307
up €136,307 (+19.9%), from €684,041 to €820,348
- Tax, wage and social debts -€20,402
down €20,402 (-71.4%), from €28,563 to €8,160
- Gross operating margin +€50,699
up €50,699 (+40.4%), from €125,372 to €176,071
- Taxes +€14,851
up €14,851 (+35.9%), from €41,338 to €56,189
- Financial charges +€2,591
up €2,591 (+733.8%), from €353 to €2,944
- Financial income -€2,055
down €2,055 (-8.5%), from €24,099 to €22,044
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 | €813,124 | €929,250 | +€116,126 | +14.3% |
| Fixed assets | 21/28 | €60,636 | €60,298 | -€338 | -0.6% |
| Tangible fixed assets | 22/27 | €2,142 | €1,804 | -€338 | -15.8% |
| Furniture and vehicles | 24 | €2,142 | €1,804 | -€338 | -15.8% |
| Financial fixed assets | 28 | €58,493 | €58,493 | = | 0.0% |
| Current assets | 29/58 | €752,488 | €868,952 | +€116,464 | +15.5% |
| Amounts receivable within one year | 40/41 | €132,191 | €213,595 | +€81,404 | +61.6% |
| Trade receivables | 40 | €65,499 | €125,840 | +€60,341 | +92.1% |
| Other amounts receivable | 41 | €66,692 | €87,755 | +€21,064 | +31.6% |
| Current investments | 50/53 | €114,000 | €523,673 | +€409,673 | +359.4% |
| Cash at bank and in hand | 54/58 | €502,575 | €126,217 | -€376,359 | -74.9% |
| Deferred charges and accrued income | 490/1 | €3,722 | €5,467 | +€1,745 | +46.9% |
| Total equity and liabilities | 10/49 | €813,124 | €929,250 | +€116,126 | +14.3% |
| Equity | 10/15 | €784,157 | €920,465 | +€136,307 | +17.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €684,041 | €820,348 | +€136,307 | +19.9% |
| Distributable reserves | 133 | €684,041 | €820,348 | +€136,307 | +19.9% |
| Profit (loss) carried forward | 14 | €87,717 | €87,717 | = | 0.0% |
| Amounts payable | 17/49 | €28,967 | €8,785 | -€20,181 | -69.7% |
| Amounts payable within one year | 42/48 | €28,967 | €8,785 | -€20,181 | -69.7% |
| Trade debts | 44 | €404 | €625 | +€221 | +54.7% |
| Suppliers | 440/4 | €404 | €625 | +€221 | +54.7% |
| Taxes, remuneration and social security | 45 | €28,563 | €8,160 | -€20,402 | -71.4% |
| Taxes | 450/3 | €28,563 | €8,160 | -€20,402 | -71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,434 | €1,928 | +€494 | +34.5% |
| Other operating charges | 640/8 | €726 | €746 | +€21 | +2.8% |
| Gross operating margin | 9900 | €125,372 | €176,071 | +€50,699 | +40.4% |
| Operating profit (loss) | 9901 | €123,213 | €173,397 | +€50,184 | +40.7% |
| Financial income | 75/76B | €24,099 | €22,044 | -€2,055 | -8.5% |
| Recurring financial income | 75 | €24,099 | €22,044 | -€2,055 | -8.5% |
| Financial charges | 65/66B | €353 | €2,944 | +€2,591 | +733.8% |
| Recurring financial charges | 65 | €353 | €2,944 | +€2,591 | +733.8% |
| Profit (loss) for the period before taxes | 9903 | €146,959 | €192,497 | +€45,538 | +31.0% |
| Income taxes | 67/77 | €41,338 | €56,189 | +€14,851 | +35.9% |
| Profit (loss) for the period | 9904 | €105,620 | €136,307 | +€30,687 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €105,620 | €136,307 | +€30,687 | +29.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.