SAJO: what changed
SAJO
Largest movements
- Cash +€39,741
up €39,741 (+157%), from €25,281 to €65,022
mainly Net result for the year (+€69,119) and Tax, wage and social debts (+€6,419)
- Receivables within one year +€35,158
up €35,158, from €0 to €35,158
of which Trade receivables: +€35,149
- Reserves +€54,733
new in 2025: €54,733
- Profit (loss) carried forward +€14,387
up €14,387, from -€14,387 to €0
- Tax, wage and social debts +€6,419
new in 2025: €6,419
- Gross operating margin +€81,031
up €81,031, from -€2,033 to €78,998
- Taxes +€8,379
new in 2025: €8,379
- Other operating charges +€936
up €936 (+188%), from €497 to €1,433
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €490,281 | €567,038 | +€76,757 | +15.7% |
| Fixed assets | 21/28 | €465,000 | €465,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €465,000 | €465,000 | = | 0.0% |
| Land and buildings | 22 | €465,000 | €465,000 | = | 0.0% |
| Current assets | 29/58 | €25,281 | €102,038 | +€76,757 | +304% |
| Amounts receivable within one year | 40/41 | €0 | €35,158 | +€35,158 | |
| Trade receivables | 40 | €0 | €35,149 | +€35,149 | |
| Other amounts receivable | 41 | - | €10 | +€10 | |
| Cash at bank and in hand | 54/58 | €25,281 | €65,022 | +€39,741 | +157% |
| Deferred charges and accrued income | 490/1 | - | €1,858 | +€1,858 | |
| Total equity and liabilities | 10/49 | €490,281 | €567,038 | +€76,757 | +15.7% |
| Equity | 10/15 | €469,213 | €538,333 | +€69,119 | +14.7% |
| Contributions | 10/11 | €483,600 | €483,600 | = | 0.0% |
| Reserves | 13 | - | €54,733 | +€54,733 | |
| Distributable reserves | 133 | - | €54,733 | +€54,733 | |
| Profit (loss) carried forward | 14 | -€14,387 | €0 | +€14,387 | |
| Amounts payable | 17/49 | €21,068 | €28,706 | +€7,638 | +36.3% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,068 | €13,706 | +€7,638 | +126% |
| Financial debts | 43 | - | €207 | +€207 | |
| Credit institutions | 430/8 | - | €207 | +€207 | |
| Trade debts | 44 | €429 | €1,671 | +€1,242 | +289% |
| Suppliers | 440/4 | €429 | €1,671 | +€1,242 | +289% |
| Taxes, remuneration and social security | 45 | - | €6,419 | +€6,419 | |
| Taxes | 450/3 | - | €6,419 | +€6,419 | |
| Other amounts payable | 47/48 | €5,638 | €5,408 | -€230 | -4.1% |
| Other operating charges | 640/8 | €497 | €1,433 | +€936 | +188% |
| Gross operating margin | 9900 | -€2,033 | €78,998 | +€81,031 | |
| Operating profit (loss) | 9901 | -€2,530 | €77,565 | +€80,095 | |
| Financial charges | 65/66B | €29 | €67 | +€38 | +134% |
| Recurring financial charges | 65 | €29 | €67 | +€38 | +134% |
| Profit (loss) for the period before taxes | 9903 | -€2,558 | €77,498 | +€80,057 | |
| Income taxes | 67/77 | - | €8,379 | +€8,379 | |
| Profit (loss) for the period | 9904 | -€2,558 | €69,119 | +€71,678 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,558 | €69,119 | +€71,678 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.