SAJOFI: what changed
Two fiscal 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.
SAJOFI
Largest movements
- Current investments +€149,626
up €149,626 (+74.8%), from €200,000 to €349,626
- Tangible fixed assets -€119,056
down €119,056 (-7.0%), from €1.7m to €1.6m
of which Land and buildings: -€128,686
- Cash -€35,930
down €35,930 (-50.5%), from €71,150 to €35,220
mainly Current investments (-€149,626) and Debts after one year (-€40,637)
- Receivables within one year +€35,426
up €35,426 (+191.6%), from €18,489 to €53,914
of which Other amounts receivable: +€28,570
- Reserves +€81,129
up €81,129 (+23.4%), from €347,012 to €428,141
of which Distributable reserves: +€76,689
- Debts after one year -€40,637
down €40,637 (-13.6%), from €299,666 to €259,029
of which Financial debts: -€38,737
- Depreciation -€3,916
down €3,916 (-2.4%), from €160,548 to €156,632
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 | €2,020,658 | €2,044,951 | +€24,293 | +1.2% |
| Fixed assets | 21/28 | €1,701,924 | €1,582,867 | -€119,056 | -7.0% |
| Tangible fixed assets | 22/27 | €1,701,924 | €1,582,867 | -€119,056 | -7.0% |
| Land and buildings | 22 | €1,678,921 | €1,550,235 | -€128,686 | -7.7% |
| Plant, machinery and equipment | 23 | €21,341 | €18,085 | -€3,256 | -15.3% |
| Furniture and vehicles | 24 | €1,663 | €14,548 | +€12,885 | +775.0% |
| Current assets | 29/58 | €318,734 | €462,083 | +€143,350 | +45.0% |
| Stocks and contracts in progress | 3 | €8,502 | €7,656 | -€846 | -10.0% |
| Stocks | 30/36 | €8,502 | €7,656 | -€846 | -10.0% |
| Amounts receivable within one year | 40/41 | €18,489 | €53,914 | +€35,426 | +191.6% |
| Trade receivables | 40 | €16,963 | €23,818 | +€6,855 | +40.4% |
| Other amounts receivable | 41 | €1,526 | €30,096 | +€28,570 | +1872.5% |
| Current investments | 50/53 | €200,000 | €349,626 | +€149,626 | +74.8% |
| Cash at bank and in hand | 54/58 | €71,150 | €35,220 | -€35,930 | -50.5% |
| Deferred charges and accrued income | 490/1 | €20,593 | €15,668 | -€4,926 | -23.9% |
| Total equity and liabilities | 10/49 | €2,020,658 | €2,044,951 | +€24,293 | +1.2% |
| Equity | 10/15 | €1,596,646 | €1,677,775 | +€81,129 | +5.1% |
| Contributions | 10/11 | €1,239,468 | €1,239,468 | = | 0.0% |
| Capital | 10 | €1,239,468 | €1,239,468 | = | 0.0% |
| Issued capital | 100 | €1,239,468 | €1,239,468 | = | 0.0% |
| Reserves | 13 | €347,012 | €428,141 | +€81,129 | +23.4% |
| Non-distributable reserves | 130/1 | €49,012 | €53,452 | +€4,440 | +9.1% |
| Legal reserve | 130 | €49,012 | €53,452 | +€4,440 | +9.1% |
| Distributable reserves | 133 | €298,000 | €374,689 | +€76,689 | +25.7% |
| Profit (loss) carried forward | 14 | €10,167 | €10,167 | = | 0.0% |
| Amounts payable | 17/49 | €424,011 | €367,176 | -€56,836 | -13.4% |
| Amounts payable after more than one year | 17 | €299,666 | €259,029 | -€40,637 | -13.6% |
| Financial debts | 170/4 | €296,404 | €257,667 | -€38,737 | -13.1% |
| Other amounts payable | 178/9 | €3,262 | €1,362 | -€1,900 | -58.2% |
| Amounts payable within one year | 42/48 | €93,892 | €77,733 | -€16,159 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €37,027 | €38,737 | +€1,710 | +4.6% |
| Trade debts | 44 | €49,617 | €32,986 | -€16,631 | -33.5% |
| Suppliers | 440/4 | €49,617 | €32,986 | -€16,631 | -33.5% |
| Taxes, remuneration and social security | 45 | €7,248 | €6,009 | -€1,239 | -17.1% |
| Taxes | 450/3 | €7,248 | €6,009 | -€1,239 | -17.1% |
| Accrued charges and deferred income | 492/3 | €30,453 | €30,414 | -€39 | -0.1% |
| Non-recurring operating income | 76A | €59 | €375 | +€316 | +534.7% |
| Remuneration, social security and pensions | 62 | €11,278 | €8,593 | -€2,685 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,548 | €156,632 | -€3,916 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €33 | €1,091 | +€1,058 | +3188.3% |
| Other operating charges | 640/8 | €45,362 | €48,004 | +€2,642 | +5.8% |
| Non-recurring operating charges | 66A | €2 | €1 | -€1 | -62.5% |
| Gross operating margin | 9900 | €314,661 | €312,969 | -€1,692 | -0.5% |
| Operating profit (loss) | 9901 | €97,437 | €98,648 | +€1,210 | +1.2% |
| Financial income | 75/76B | €3,532 | €5,901 | +€2,370 | +67.1% |
| Recurring financial income | 75 | €3,532 | €5,901 | +€2,370 | +67.1% |
| Financial charges | 65/66B | €16,742 | €15,306 | -€1,436 | -8.6% |
| Recurring financial charges | 65 | €16,742 | €15,306 | -€1,436 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €84,227 | €89,243 | +€5,016 | +6.0% |
| Income taxes | 67/77 | €7,503 | €8,114 | +€610 | +8.1% |
| Profit (loss) for the period | 9904 | €76,723 | €81,129 | +€4,405 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €76,723 | €81,129 | +€4,405 | +5.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.