SAJET: 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.
SAJET
Largest movements
- Cash +€31,765
up €31,765 (+84.9%), from €37,408 to €69,173
mainly Other debts (+€24,740) and Net result for the year (+€14,829)
- Tangible fixed assets -€25,339
down €25,339 (-12.1%), from €209,600 to €184,261
- Stocks and contracts -€13,100
down €13,100 (-60.6%), from €21,600 to €8,500
- Receivables within one year -€6,905
down €6,905 (-44.9%), from €15,388 to €8,483
of which Trade receivables: -€5,360
- Financial fixed assets +€3,800
up €3,800 (+41.4%), from €9,171 to €12,971
- Tax, wage and social debts -€27,098
down €27,098 (-35.3%), from €76,862 to €49,764
of which Remuneration and social security: -€24,487
- Other debts +€24,740
up €24,740 (+363.0%), from €6,815 to €31,555
- Debts after one year -€15,850
down €15,850 (-7.6%), from €208,748 to €192,898
- Profit (loss) carried forward +€14,829
up €14,829 (+15.5%), from -€95,385 to -€80,556
- Trade debts -€6,722
down €6,722 (-11.4%), from €59,139 to €52,416
- Gross operating margin +€60,562
up €60,562 (+26.8%), from €226,267 to €286,830
- Other operating charges +€25,414
up €25,414 (+619.0%), from €4,106 to €29,519
- Staff costs -€22,854
down €22,854 (-9.4%), from €244,096 to €221,242
- Depreciation -€9,917
down €9,917 (-41.5%), from €23,870 to €13,954
- Financial charges -€5,210
down €5,210 (-39.8%), from €13,083 to €7,873
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 | €294,174 | €283,888 | -€10,286 | -3.5% |
| Fixed assets | 21/28 | €218,771 | €197,232 | -€21,539 | -9.8% |
| Tangible fixed assets | 22/27 | €209,600 | €184,261 | -€25,339 | -12.1% |
| Land and buildings | 22 | €182,472 | €173,122 | -€9,350 | -5.1% |
| Plant, machinery and equipment | 23 | €14,454 | €8,891 | -€5,562 | -38.5% |
| Furniture and vehicles | 24 | €12,193 | €2,248 | -€9,945 | -81.6% |
| Other tangible fixed assets | 26 | €481 | - | -€481 | |
| Financial fixed assets | 28 | €9,171 | €12,971 | +€3,800 | +41.4% |
| Current assets | 29/58 | €75,403 | €86,656 | +€11,253 | +14.9% |
| Stocks and contracts in progress | 3 | €21,600 | €8,500 | -€13,100 | -60.6% |
| Stocks | 30/36 | €21,600 | €8,500 | -€13,100 | -60.6% |
| Amounts receivable within one year | 40/41 | €15,388 | €8,483 | -€6,905 | -44.9% |
| Trade receivables | 40 | €11,430 | €6,070 | -€5,360 | -46.9% |
| Other amounts receivable | 41 | €3,958 | €2,412 | -€1,545 | -39.0% |
| Cash at bank and in hand | 54/58 | €37,408 | €69,173 | +€31,765 | +84.9% |
| Deferred charges and accrued income | 490/1 | €1,008 | €500 | -€508 | -50.4% |
| Total equity and liabilities | 10/49 | €294,174 | €283,888 | -€10,286 | -3.5% |
| Equity | 10/15 | -€72,875 | -€58,596 | +€14,279 | +19.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€95,385 | -€80,556 | +€14,829 | +15.5% |
| Investment grants | 15 | €8,250 | €7,700 | -€550 | -6.7% |
| Amounts payable | 17/49 | €367,049 | €342,484 | -€24,565 | -6.7% |
| Amounts payable after more than one year | 17 | €208,748 | €192,898 | -€15,850 | -7.6% |
| Financial debts | 170/4 | €208,748 | €192,898 | -€15,850 | -7.6% |
| Amounts payable within one year | 42/48 | €158,301 | €149,586 | -€8,715 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €15,485 | €15,850 | +€366 | +2.4% |
| Trade debts | 44 | €59,139 | €52,416 | -€6,722 | -11.4% |
| Suppliers | 440/4 | €59,139 | €52,416 | -€6,722 | -11.4% |
| Taxes, remuneration and social security | 45 | €76,862 | €49,764 | -€27,098 | -35.3% |
| Taxes | 450/3 | €27,621 | €25,011 | -€2,611 | -9.5% |
| Remuneration and social security | 454/9 | €49,241 | €24,754 | -€24,487 | -49.7% |
| Other amounts payable | 47/48 | €6,815 | €31,555 | +€24,740 | +363.0% |
| Non-recurring operating income | 76A | €18,728 | €57,392 | +€38,664 | +206.5% |
| Remuneration, social security and pensions | 62 | €244,096 | €221,242 | -€22,854 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,870 | €13,954 | -€9,917 | -41.5% |
| Other operating charges | 640/8 | €4,106 | €29,519 | +€25,414 | +619.0% |
| Non-recurring operating charges | 66A | €59,039 | - | -€59,039 | |
| Gross operating margin | 9900 | €226,267 | €286,830 | +€60,562 | +26.8% |
| Operating profit (loss) | 9901 | -€104,844 | €22,115 | +€126,959 | |
| Financial income | 75/76B | €703 | €588 | -€115 | -16.4% |
| Recurring financial income | 75 | €703 | €588 | -€115 | -16.4% |
| Financial charges | 65/66B | €13,083 | €7,873 | -€5,210 | -39.8% |
| Recurring financial charges | 65 | €13,083 | €7,873 | -€5,210 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | -€117,224 | €14,829 | +€132,053 | |
| Income taxes | 67/77 | €1,777 | - | -€1,777 | |
| Profit (loss) for the period | 9904 | -€119,000 | €14,829 | +€133,829 | |
| Profit (loss) for the period to be appropriated | 9905 | -€119,000 | €14,829 | +€133,829 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.