SAJUPAAL: 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.
SAJUPAAL
Largest movements
- Cash -€106,397
down €106,397 (-59.6%), from €178,492 to €72,095
mainly Contributions, distributions and other (-€140,000) and Receivables after one year (-€65,000)
- Receivables within one year -€87,336
down €87,336 (-97.2%), from €89,837 to €2,501
of which Other amounts receivable: -€79,956
- Receivables after one year +€65,000
new in 2025: €65,000
- Profit (loss) carried forward -€153,738
down €153,738 (-67.2%), from €228,848 to €75,110
- Tax, wage and social debts +€27,848
up €27,848 (+101%), from €27,694 to €55,542
of which Taxes: +€35,575
- Trade debts -€3,644
down €3,644 (-28.7%), from €12,680 to €9,036
- Staff costs -€101,867
down €101,867 (-47.3%), from €215,534 to €113,667
- Gross operating margin -€48,488
down €48,488 (-29.4%), from €164,921 to €116,433
- Depreciation +€1,911
up €1,911 (+36.6%), from €5,221 to €7,132
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 | €290,332 | €161,679 | -€128,652 | -44.3% |
| Fixed assets | 21/28 | €20,183 | €20,191 | +€9 | 0.0% |
| Tangible fixed assets | 22/27 | €17,933 | €17,941 | +€9 | 0.0% |
| Land and buildings | 22 | €6,533 | €4,063 | -€2,470 | -37.8% |
| Plant, machinery and equipment | 23 | €11,400 | €13,878 | +€2,479 | +21.7% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €270,149 | €141,488 | -€128,661 | -47.6% |
| Amounts receivable after more than one year | 29 | - | €65,000 | +€65,000 | |
| Other amounts receivable | 291 | - | €65,000 | +€65,000 | |
| Amounts receivable within one year | 40/41 | €89,837 | €2,501 | -€87,336 | -97.2% |
| Trade receivables | 40 | €8,956 | €1,576 | -€7,380 | -82.4% |
| Other amounts receivable | 41 | €80,881 | €925 | -€79,956 | -98.9% |
| Cash at bank and in hand | 54/58 | €178,492 | €72,095 | -€106,397 | -59.6% |
| Deferred charges and accrued income | 490/1 | €1,821 | €1,892 | +€71 | +3.9% |
| Total equity and liabilities | 10/49 | €290,332 | €161,679 | -€128,652 | -44.3% |
| Equity | 10/15 | €249,308 | €95,570 | -€153,738 | -61.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €228,848 | €75,110 | -€153,738 | -67.2% |
| Amounts payable | 17/49 | €41,024 | €66,109 | +€25,085 | +61.1% |
| Amounts payable within one year | 42/48 | €40,374 | €66,109 | +€25,736 | +63.7% |
| Trade debts | 44 | €12,680 | €9,036 | -€3,644 | -28.7% |
| Suppliers | 440/4 | €12,680 | €9,036 | -€3,644 | -28.7% |
| Taxes, remuneration and social security | 45 | €27,694 | €55,542 | +€27,848 | +101% |
| Taxes | 450/3 | €7,911 | €43,486 | +€35,575 | +450% |
| Remuneration and social security | 454/9 | €19,783 | €12,056 | -€7,727 | -39.1% |
| Other amounts payable | 47/48 | €0 | €1,531 | +€1,531 | |
| Accrued charges and deferred income | 492/3 | €650 | €0 | -€650 | -100% |
| Remuneration, social security and pensions | 62 | €215,534 | €113,667 | -€101,867 | -47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,221 | €7,132 | +€1,911 | +36.6% |
| Other operating charges | 640/8 | €2,130 | €3,153 | +€1,023 | +48.0% |
| Non-recurring operating charges | 66A | - | €4,544 | +€4,544 | |
| Gross operating margin | 9900 | €164,921 | €116,433 | -€48,488 | -29.4% |
| Operating profit (loss) | 9901 | -€57,964 | -€12,063 | +€45,901 | +79.2% |
| Financial income | 75/76B | €1,113 | €1,447 | +€334 | +30.0% |
| Recurring financial income | 75 | €1,113 | €1,447 | +€334 | +30.0% |
| Financial charges | 65/66B | €2,525 | €2,966 | +€440 | +17.4% |
| Recurring financial charges | 65 | €2,525 | €2,966 | +€440 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | -€59,376 | -€13,581 | +€45,795 | +77.1% |
| Income taxes | 67/77 | €146 | €157 | +€10 | +6.9% |
| Profit (loss) for the period | 9904 | -€59,523 | -€13,738 | +€45,785 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,523 | -€13,738 | +€45,785 | +76.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.