SAJECO: 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.
SAJECO
Largest movements
- Receivables within one year +€13,272
up €13,272 (+47.2%), from €28,133 to €41,405
of which Trade receivables: +€18,168
- Intangible fixed assets -€10,535
down €10,535 (-48.9%), from €21,554 to €11,019
- Tangible fixed assets -€7,150
down €7,150 (-50.0%), from €14,301 to €7,151
of which Furniture and vehicles: -€9,067
- Cash -€1,553
down €1,553 (-4.6%), from €33,899 to €32,345
mainly Other debts (-€16,454) and Receivables within one year (-€13,272)
- Other debts -€16,454
down €16,454 (-30.5%), from €54,003 to €37,549
- Tax, wage and social debts +€7,588
up €7,588 (+88.5%), from €8,577 to €16,166
of which Taxes: +€6,825
- Trade debts +€6,630
up €6,630 (+107%), from €6,206 to €12,836
- Profit (loss) carried forward -€1,959
down €1,959, from €0 to -€1,959
- Reserves -€1,860
down €1,860 (-7.4%), from €25,205 to €23,345
of which Distributable reserves: -€1,860
- Gross operating margin -€18,458
down €18,458 (-40.3%), from €45,814 to €27,356
- Taxes -€4,416
down €4,416 (-54.5%), from €8,104 to €3,688
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 | €100,896 | €95,371 | -€5,526 | -5.5% |
| Fixed assets | 21/28 | €35,855 | €18,170 | -€17,685 | -49.3% |
| Intangible fixed assets | 21 | €21,554 | €11,019 | -€10,535 | -48.9% |
| Tangible fixed assets | 22/27 | €14,301 | €7,151 | -€7,150 | -50.0% |
| Furniture and vehicles | 24 | €14,301 | €5,234 | -€9,067 | -63.4% |
| Other tangible fixed assets | 26 | - | €1,917 | +€1,917 | |
| Current assets | 29/58 | €65,041 | €77,200 | +€12,159 | +18.7% |
| Amounts receivable within one year | 40/41 | €28,133 | €41,405 | +€13,272 | +47.2% |
| Trade receivables | 40 | €23,238 | €41,405 | +€18,168 | +78.2% |
| Other amounts receivable | 41 | €4,896 | €0 | -€4,896 | -100% |
| Cash at bank and in hand | 54/58 | €33,899 | €32,345 | -€1,553 | -4.6% |
| Deferred charges and accrued income | 490/1 | €3,009 | €3,450 | +€441 | +14.7% |
| Total equity and liabilities | 10/49 | €100,896 | €95,371 | -€5,526 | -5.5% |
| Equity | 10/15 | €31,405 | €27,585 | -€3,819 | -12.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,205 | €23,345 | -€1,860 | -7.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €25,205 | €23,345 | -€1,860 | -7.4% |
| Profit (loss) carried forward | 14 | €0 | -€1,959 | -€1,959 | |
| Amounts payable | 17/49 | €69,492 | €67,785 | -€1,706 | -2.5% |
| Amounts payable within one year | 42/48 | €69,305 | €67,700 | -€1,605 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €519 | €1,149 | +€630 | +121% |
| Other loans | 439 | €519 | €1,149 | +€630 | +121% |
| Trade debts | 44 | €6,206 | €12,836 | +€6,630 | +107% |
| Suppliers | 440/4 | €6,206 | €12,836 | +€6,630 | +107% |
| Taxes, remuneration and social security | 45 | €8,577 | €16,166 | +€7,588 | +88.5% |
| Taxes | 450/3 | €5,246 | €12,072 | +€6,825 | +130% |
| Remuneration and social security | 454/9 | €3,331 | €4,094 | +€763 | +22.9% |
| Other amounts payable | 47/48 | €54,003 | €37,549 | -€16,454 | -30.5% |
| Accrued charges and deferred income | 492/3 | €187 | €86 | -€101 | -54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,106 | €22,367 | +€261 | +1.2% |
| Other operating charges | 640/8 | €2,074 | €2,144 | +€70 | +3.4% |
| Gross operating margin | 9900 | €45,814 | €27,356 | -€18,458 | -40.3% |
| Operating profit (loss) | 9901 | €21,633 | €2,844 | -€18,789 | -86.9% |
| Financial income | 75/76B | €12 | €3 | -€9 | -74.4% |
| Recurring financial income | 75 | €12 | €3 | -€9 | -74.4% |
| Financial charges | 65/66B | €3,356 | €2,978 | -€378 | -11.3% |
| Recurring financial charges | 65 | €3,356 | €2,978 | -€378 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €18,289 | -€131 | -€18,420 | |
| Income taxes | 67/77 | €8,104 | €3,688 | -€4,416 | -54.5% |
| Profit (loss) for the period | 9904 | €10,185 | -€3,819 | -€14,004 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,185 | -€3,819 | -€14,004 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.