Saja: 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.
Saja
Largest movements
- Cash -€23,908
down €23,908 (-22.3%), from €107,073 to €83,165
mainly Contributions, distributions and other (-€58,824) and Accrued charges and deferred income (-€9,791)
- Profit (loss) carried forward -€13,941
down €13,941 (-17.8%), from €78,268 to €64,327
- Accrued charges and deferred income -€9,791
down €9,791 (-72.1%), from €13,575 to €3,783
- Tax, wage and social debts +€4,134
up €4,134 (+75.8%), from €5,451 to €9,585
of which Taxes: +€4,424
- Trade debts -€2,682
down €2,682 (-70.0%), from €3,830 to €1,148
- Other debts -€1,913
no longer reported in 2025 (was €1,913)
- Gross operating margin +€24,671
up €24,671 (+72.8%), from €33,871 to €58,542
- Taxes +€4,638
up €4,638 (+58.1%), from €7,984 to €12,622
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 | €108,036 | €83,843 | -€24,193 | -22.4% |
| Fixed assets | 21/28 | €806 | €355 | -€451 | -56.0% |
| Tangible fixed assets | 22/27 | €806 | €355 | -€451 | -56.0% |
| Plant, machinery and equipment | 23 | €93 | - | -€93 | |
| Furniture and vehicles | 24 | €713 | €355 | -€358 | -50.2% |
| Current assets | 29/58 | €107,230 | €83,488 | -€23,742 | -22.1% |
| Amounts receivable within one year | 40/41 | €158 | €323 | +€166 | +105% |
| Other amounts receivable | 41 | €158 | €323 | +€166 | +105% |
| Cash at bank and in hand | 54/58 | €107,073 | €83,165 | -€23,908 | -22.3% |
| Total equity and liabilities | 10/49 | €108,036 | €83,843 | -€24,193 | -22.4% |
| Equity | 10/15 | €83,268 | €69,327 | -€13,941 | -16.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,268 | €64,327 | -€13,941 | -17.8% |
| Amounts payable | 17/49 | €24,768 | €14,516 | -€10,252 | -41.4% |
| Amounts payable within one year | 42/48 | €11,193 | €10,732 | -€461 | -4.1% |
| Trade debts | 44 | €3,830 | €1,148 | -€2,682 | -70.0% |
| Suppliers | 440/4 | €3,830 | €1,148 | -€2,682 | -70.0% |
| Taxes, remuneration and social security | 45 | €5,451 | €9,585 | +€4,134 | +75.8% |
| Taxes | 450/3 | €5,160 | €9,585 | +€4,424 | +85.7% |
| Remuneration and social security | 454/9 | €291 | - | -€291 | |
| Other amounts payable | 47/48 | €1,913 | - | -€1,913 | |
| Accrued charges and deferred income | 492/3 | €13,575 | €3,783 | -€9,791 | -72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €561 | €451 | -€110 | -19.6% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €33,871 | €58,542 | +€24,671 | +72.8% |
| Operating profit (loss) | 9901 | €32,923 | €58,091 | +€25,168 | +76.4% |
| Financial charges | 65/66B | €104 | €586 | +€482 | +466% |
| Recurring financial charges | 65 | €104 | €586 | +€482 | +466% |
| Profit (loss) for the period before taxes | 9903 | €32,819 | €57,505 | +€24,686 | +75.2% |
| Income taxes | 67/77 | €7,984 | €12,622 | +€4,638 | +58.1% |
| Profit (loss) for the period | 9904 | €24,835 | €44,883 | +€20,048 | +80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,835 | €44,883 | +€20,048 | +80.7% |
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 15 October 2026 via checked.be.