Saldi: 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.
Saldi
Largest movements
- Cash -€32,020
down €32,020 (-52.9%), from €60,473 to €28,452
mainly Contributions, distributions and other (-€52,289) and Receivables within one year (-€21,637)
- Receivables within one year +€21,637
up €21,637 (+15.2%), from €142,596 to €164,232
of which Trade receivables: +€12,723
- Deferred charges and accrued income +€13,379
up €13,379 (+54.3%), from €24,629 to €38,009
- Other debts +€49,608
up €49,608 (+779.3%), from €6,366 to €55,973
- Reserves -€42,235
down €42,235 (-37.8%), from €111,802 to €69,567
of which Distributable reserves: -€42,235
- Trade debts +€13,301
up €13,301 (+92.0%), from €14,465 to €27,766
- Accrued charges and deferred income -€12,246
down €12,246 (-92.3%), from €13,268 to €1,021
- Tax, wage and social debts -€6,238
down €6,238 (-16.1%), from €38,776 to €32,538
of which Taxes: -€6,319
- Write-downs -€20,132
down €20,132 (-73.3%), from €27,461 to €7,329
- Gross operating margin +€13,590
up €13,590 (+15.1%), from €90,001 to €103,591
- Taxes +€8,354
up €8,354 (+14087.3%), from €59 to €8,413
- Staff costs +€4,351
up €4,351 (+6.6%), from €65,872 to €70,223
- Financial charges +€1,977
up €1,977 (+281.1%), from €703 to €2,681
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 | €249,554 | €250,261 | +€707 | +0.3% |
| Fixed assets | 21/28 | €21,857 | €19,568 | -€2,288 | -10.5% |
| Tangible fixed assets | 22/27 | €21,357 | €19,068 | -€2,288 | -10.7% |
| Plant, machinery and equipment | 23 | €4,029 | €3,786 | -€244 | -6.0% |
| Furniture and vehicles | 24 | €3,607 | €2,542 | -€1,065 | -29.5% |
| Other tangible fixed assets | 26 | €13,720 | €12,740 | -€980 | -7.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €227,698 | €230,693 | +€2,995 | +1.3% |
| Amounts receivable within one year | 40/41 | €142,596 | €164,232 | +€21,637 | +15.2% |
| Trade receivables | 40 | €137,437 | €150,160 | +€12,723 | +9.3% |
| Other amounts receivable | 41 | €5,159 | €14,072 | +€8,914 | +172.8% |
| Cash at bank and in hand | 54/58 | €60,473 | €28,452 | -€32,020 | -52.9% |
| Deferred charges and accrued income | 490/1 | €24,629 | €38,009 | +€13,379 | +54.3% |
| Total equity and liabilities | 10/49 | €249,554 | €250,261 | +€707 | +0.3% |
| Equity | 10/15 | €175,198 | €132,963 | -€42,235 | -24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,802 | €69,567 | -€42,235 | -37.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €109,942 | €67,707 | -€42,235 | -38.4% |
| Profit (loss) carried forward | 14 | €44,796 | €44,796 | = | 0.0% |
| Amounts payable | 17/49 | €74,356 | €117,298 | +€42,942 | +57.8% |
| Amounts payable within one year | 42/48 | €61,089 | €116,277 | +€55,188 | +90.3% |
| Financial debts | 43 | €1,482 | €0 | -€1,482 | -100.0% |
| Other loans | 439 | €1,482 | €0 | -€1,482 | -100.0% |
| Trade debts | 44 | €14,465 | €27,766 | +€13,301 | +92.0% |
| Suppliers | 440/4 | €14,465 | €27,766 | +€13,301 | +92.0% |
| Taxes, remuneration and social security | 45 | €38,776 | €32,538 | -€6,238 | -16.1% |
| Taxes | 450/3 | €28,349 | €22,029 | -€6,319 | -22.3% |
| Remuneration and social security | 454/9 | €10,427 | €10,508 | +€81 | +0.8% |
| Other amounts payable | 47/48 | €6,366 | €55,973 | +€49,608 | +779.3% |
| Accrued charges and deferred income | 492/3 | €13,268 | €1,021 | -€12,246 | -92.3% |
| Remuneration, social security and pensions | 62 | €65,872 | €70,223 | +€4,351 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,699 | €4,245 | +€546 | +14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,461 | €7,329 | -€20,132 | -73.3% |
| Other operating charges | 640/8 | €753 | €683 | -€70 | -9.3% |
| Non-recurring operating charges | 66A | €305 | €0 | -€305 | -100.0% |
| Gross operating margin | 9900 | €90,001 | €103,591 | +€13,590 | +15.1% |
| Operating profit (loss) | 9901 | -€8,089 | €21,112 | +€29,200 | |
| Financial income | 75/76B | €4 | €36 | +€31 | +710.6% |
| Recurring financial income | 75 | €4 | €36 | +€31 | +710.6% |
| Financial charges | 65/66B | €703 | €2,681 | +€1,977 | +281.1% |
| Recurring financial charges | 65 | €703 | €2,681 | +€1,977 | +281.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,787 | €18,467 | +€27,254 | |
| Income taxes | 67/77 | €59 | €8,413 | +€8,354 | +14087.3% |
| Profit (loss) for the period | 9904 | -€8,847 | €10,054 | +€18,901 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,847 | €10,054 | +€18,901 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.