SAIS: 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.
SAIS
Largest movements
- Stocks and contracts -€777,972
down €777,972 (-100.0%), from €777,972 to €0
- Receivables within one year +€293,909
up €293,909 (+56.1%), from €523,694 to €817,604
of which Trade receivables: +€487,653
- Cash -€95,209
down €95,209 (-99.7%), from €95,514 to €304
mainly Debts after one year (-€1.0m) and Receivables within one year (-€293,909)
- Debts after one year -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Short-term financial debts +€290,000
up €290,000, from €0 to €290,000
of which Other loans: +€290,000
- Other debts +€164,300
up €164,300, from €0 to €164,300
- Profit (loss) carried forward -€81,144
down €81,144 (-88.3%), from -€91,888 to -€173,032
- Tax, wage and social debts +€46,194
up €46,194 (+237.4%), from €19,456 to €65,650
of which Taxes: +€46,194
- Gross operating margin -€252,310
down €252,310, from €174,165 to -€78,145
- Financial charges -€43,943
down €43,943 (-84.7%), from €51,905 to €7,962
- Other operating charges -€25,350
down €25,350 (-79.0%), from €32,106 to €6,756
- Financial income +€2,908
up €2,908 (+24.2%), from €12,039 to €14,947
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 | €1,751,673 | €1,170,416 | -€581,257 | -33.2% |
| Fixed assets | 21/28 | €94,493 | €91,515 | -€2,978 | -3.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €94,163 | €91,185 | -€2,978 | -3.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €2,513 | €1,819 | -€694 | -27.6% |
| Furniture and vehicles | 24 | €14,210 | €11,926 | -€2,284 | -16.1% |
| Other tangible fixed assets | 26 | €77,440 | €77,440 | = | 0.0% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €1,657,180 | €1,078,901 | -€578,279 | -34.9% |
| Amounts receivable after more than one year | 29 | €260,000 | €260,000 | = | 0.0% |
| Other amounts receivable | 291 | €260,000 | €260,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €777,972 | €0 | -€777,972 | -100.0% |
| Stocks | 30/36 | €777,972 | €0 | -€777,972 | -100.0% |
| Amounts receivable within one year | 40/41 | €523,694 | €817,604 | +€293,909 | +56.1% |
| Trade receivables | 40 | €179,520 | €667,173 | +€487,653 | +271.6% |
| Other amounts receivable | 41 | €344,175 | €150,431 | -€193,744 | -56.3% |
| Cash at bank and in hand | 54/58 | €95,514 | €304 | -€95,209 | -99.7% |
| Deferred charges and accrued income | 490/1 | €0 | €993 | +€993 | |
| Total equity and liabilities | 10/49 | €1,751,673 | €1,170,416 | -€581,257 | -33.2% |
| Equity | 10/15 | €620,413 | €539,270 | -€81,144 | -13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €693,701 | €693,701 | = | 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 | €691,841 | €691,841 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,888 | -€173,032 | -€81,144 | -88.3% |
| Amounts payable | 17/49 | €1,131,260 | €631,147 | -€500,113 | -44.2% |
| Amounts payable after more than one year | 17 | €1,014,000 | €0 | -€1.0m | -100.0% |
| Financial debts | 170/4 | €1,014,000 | €0 | -€1.0m | -100.0% |
| Amounts payable within one year | 42/48 | €117,260 | €603,647 | +€486,387 | +414.8% |
| Current portion of amounts payable after more than one year | 42 | €21,000 | €0 | -€21,000 | -100.0% |
| Financial debts | 43 | €0 | €290,000 | +€290,000 | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | - | €290,000 | +€290,000 | |
| Trade debts | 44 | €76,804 | €83,696 | +€6,892 | +9.0% |
| Suppliers | 440/4 | €76,804 | €83,696 | +€6,892 | +9.0% |
| Taxes, remuneration and social security | 45 | €19,456 | €65,650 | +€46,194 | +237.4% |
| Taxes | 450/3 | €17,776 | €63,970 | +€46,194 | +259.9% |
| Remuneration and social security | 454/9 | €1,680 | €1,680 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €164,300 | +€164,300 | |
| Accrued charges and deferred income | 492/3 | - | €27,500 | +€27,500 | |
| Remuneration, social security and pensions | 62 | €292 | €0 | -€292 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,838 | €2,978 | +€140 | +4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €32,106 | €6,756 | -€25,350 | -79.0% |
| Gross operating margin | 9900 | €174,165 | -€78,145 | -€252,310 | |
| Operating profit (loss) | 9901 | €138,929 | -€87,879 | -€226,808 | |
| Financial income | 75/76B | €12,039 | €14,947 | +€2,908 | +24.2% |
| Recurring financial income | 75 | €12,039 | €14,947 | +€2,908 | +24.2% |
| Financial charges | 65/66B | €51,905 | €7,962 | -€43,943 | -84.7% |
| Recurring financial charges | 65 | €51,905 | €7,962 | -€43,943 | -84.7% |
| Profit (loss) for the period before taxes | 9903 | €99,062 | -€80,894 | -€179,956 | |
| Income taxes | 67/77 | €385 | €250 | -€135 | -35.1% |
| Profit (loss) for the period | 9904 | €98,677 | -€81,144 | -€179,821 | |
| Profit (loss) for the period to be appropriated | 9905 | €98,677 | -€81,144 | -€179,821 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.