SAINTMARD-THOMAS: 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.
SAINTMARD-THOMAS
Largest movements
- Cash -€41,438
down €41,438 (-53.7%), from €77,206 to €35,768
mainly Contributions, distributions and other (-€180,775) and Receivables within one year (-€27,437)
- Receivables within one year +€27,437
up €27,437 (+28.5%), from €96,115 to €123,552
of which Other amounts receivable: +€20,117
- Tangible fixed assets +€10,923
up €10,923 (+179%), from €6,105 to €17,028
of which Furniture and vehicles: +€10,934
- Profit (loss) carried forward -€48,013
down €48,013 (-43.4%), from €110,601 to €62,589
- Other debts +€47,206
up €47,206 (+63.2%), from €74,745 to €121,951
- Trade debts -€4,301
down €4,301 (-88.4%), from €4,864 to €563
- Tax, wage and social debts +€2,934
up €2,934 (+24.9%), from €11,766 to €14,700
- Gross operating margin +€24,186
up €24,186 (+15.8%), from €153,511 to €177,697
- Taxes +€6,320
up €6,320 (+19.0%), from €33,279 to €39,600
- Financial charges -€4,929
down €4,929 (-75.8%), from €6,504 to €1,575
- Depreciation +€2,437
up €2,437 (+91.2%), from €2,673 to €5,110
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 | €275,257 | €272,274 | -€2,982 | -1.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,105 | €17,028 | +€10,923 | +179% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €6,105 | €17,028 | +€10,923 | +179% |
| Plant, machinery and equipment | 23 | €11 | €0 | -€11 | -100% |
| Furniture and vehicles | 24 | €6,093 | €17,028 | +€10,934 | +179% |
| Current assets | 29/58 | €269,152 | €255,247 | -€13,906 | -5.2% |
| Amounts receivable within one year | 40/41 | €96,115 | €123,552 | +€27,437 | +28.5% |
| Trade receivables | 40 | €86,394 | €93,714 | +€7,320 | +8.5% |
| Other amounts receivable | 41 | €9,721 | €29,838 | +€20,117 | +207% |
| Current investments | 50/53 | €89,100 | €89,100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77,206 | €35,768 | -€41,438 | -53.7% |
| Deferred charges and accrued income | 490/1 | €6,732 | €6,827 | +€95 | +1.4% |
| Total equity and liabilities | 10/49 | €275,257 | €272,274 | -€2,982 | -1.1% |
| Equity | 10/15 | €182,646 | €134,633 | -€48,013 | -26.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,444 | €53,444 | = | 0.0% |
| Distributable reserves | 133 | €53,444 | €53,444 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,601 | €62,589 | -€48,013 | -43.4% |
| Amounts payable | 17/49 | €92,611 | €137,641 | +€45,030 | +48.6% |
| Amounts payable within one year | 42/48 | €92,391 | €137,641 | +€45,250 | +49.0% |
| Financial debts | 43 | €1,016 | €427 | -€589 | -58.0% |
| Credit institutions | 430/8 | €1,016 | €427 | -€589 | -58.0% |
| Trade debts | 44 | €4,864 | €563 | -€4,301 | -88.4% |
| Suppliers | 440/4 | €4,864 | €563 | -€4,301 | -88.4% |
| Taxes, remuneration and social security | 45 | €11,766 | €14,700 | +€2,934 | +24.9% |
| Taxes | 450/3 | €11,766 | €14,700 | +€2,934 | +24.9% |
| Other amounts payable | 47/48 | €74,745 | €121,951 | +€47,206 | +63.2% |
| Accrued charges and deferred income | 492/3 | €220 | - | -€220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,673 | €5,110 | +€2,437 | +91.2% |
| Other operating charges | 640/8 | €1,163 | €1,161 | -€3 | -0.2% |
| Non-recurring operating charges | 66A | €194 | €127 | -€67 | -34.7% |
| Gross operating margin | 9900 | €153,511 | €177,697 | +€24,186 | +15.8% |
| Operating profit (loss) | 9901 | €149,481 | €171,300 | +€21,819 | +14.6% |
| Financial income | 75/76B | €1,847 | €2,637 | +€790 | +42.8% |
| Recurring financial income | 75 | €1,847 | €2,637 | +€790 | +42.8% |
| Financial charges | 65/66B | €6,504 | €1,575 | -€4,929 | -75.8% |
| Recurring financial charges | 65 | €6,504 | €1,575 | -€4,929 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | €144,824 | €172,362 | +€27,539 | +19.0% |
| Income taxes | 67/77 | €33,279 | €39,600 | +€6,320 | +19.0% |
| Profit (loss) for the period | 9904 | €111,544 | €132,762 | +€21,218 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €111,544 | €132,762 | +€21,218 | +19.0% |
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 24 October 2026 via checked.be.