SAJ: 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.
SAJ
Largest movements
- Tangible fixed assets +€1,659
new in 2025: €1,659
- Cash +€1,354
up €1,354 (+158.0%), from €857 to €2,211
mainly Net result for the year (+€3,185) and Depreciation (+€629)
- Receivables within one year +€218
up €218 (+1.7%), from €12,460 to €12,678
of which Trade receivables: +€218
- Profit (loss) carried forward +€3,185
up €3,185 (+45.3%), from -€7,038 to -€3,853
- Other debts -€717
down €717 (-44.1%), from €1,625 to €908
- Tax, wage and social debts +€512
up €512 (+393.8%), from €130 to €642
- Trade debts +€251
new in 2025: €251
- Turnover +€13,245
up €13,245 (+642.3%), from €2,062 to €15,307
- Purchases and services +€9,338
up €9,338 (+544.8%), from €1,714 to €11,052
- Gross operating margin +€3,712
up €3,712 (+1082.2%), from €343 to €4,055
- Depreciation +€629
new in 2025: €629
- Financial charges +€156
new in 2025: €156
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 | €13,317 | €16,548 | +€3,231 | +24.3% |
| Fixed assets | 21/28 | - | €1,659 | +€1,659 | |
| Tangible fixed assets | 22/27 | - | €1,659 | +€1,659 | |
| Furniture and vehicles | 24 | - | €1,659 | +€1,659 | |
| Current assets | 29/58 | €13,317 | €14,889 | +€1,572 | +11.8% |
| Amounts receivable within one year | 40/41 | €12,460 | €12,678 | +€218 | +1.7% |
| Trade receivables | 40 | - | €218 | +€218 | |
| Other amounts receivable | 41 | €12,460 | €12,460 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €857 | €2,211 | +€1,354 | +158.0% |
| Total equity and liabilities | 10/49 | €13,317 | €16,548 | +€3,231 | +24.3% |
| Equity | 10/15 | €11,562 | €14,747 | +€3,185 | +27.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,038 | -€3,853 | +€3,185 | +45.3% |
| Amounts payable | 17/49 | €1,755 | €1,801 | +€46 | +2.6% |
| Amounts payable within one year | 42/48 | €1,755 | €1,801 | +€46 | +2.6% |
| Trade debts | 44 | - | €251 | +€251 | |
| Suppliers | 440/4 | - | €251 | +€251 | |
| Taxes, remuneration and social security | 45 | €130 | €642 | +€512 | +393.8% |
| Taxes | 450/3 | €130 | €642 | +€512 | +393.8% |
| Other amounts payable | 47/48 | €1,625 | €908 | -€717 | -44.1% |
| Turnover | 70 | €2,062 | €15,307 | +€13,245 | +642.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,714 | €11,052 | +€9,338 | +544.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €629 | +€629 | |
| Other operating charges | 640/8 | - | €85 | +€85 | |
| Gross operating margin | 9900 | €343 | €4,055 | +€3,712 | +1082.2% |
| Operating profit (loss) | 9901 | €343 | €3,341 | +€2,998 | +874.1% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | - | €156 | +€156 | |
| Recurring financial charges | 65 | - | €156 | +€156 | |
| Profit (loss) for the period before taxes | 9903 | €345 | €3,185 | +€2,840 | +823.2% |
| Profit (loss) for the period | 9904 | €345 | €3,185 | +€2,840 | +823.2% |
| Profit (loss) for the period to be appropriated | 9905 | €345 | €3,185 | +€2,840 | +823.2% |
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 10 October 2026 via checked.be.