SALDO: 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.
SALDO
Largest movements
- Receivables within one year -€26,709
down €26,709 (-38.9%), from €68,599 to €41,890
- Intangible fixed assets -€24,563
down €24,563 (-19.0%), from €128,953 to €104,391
- Cash +€13,903
up €13,903 (+1057.5%), from €1,315 to €15,218
mainly Receivables within one year (+€26,709) and Depreciation (+€26,425)
- Trade debts -€45,826
down €45,826 (-51.0%), from €89,787 to €43,961
- Reserves +€18,479
up €18,479 (+26.1%), from €70,817 to €89,296
- Tax, wage and social debts -€7,430
down €7,430 (-24.7%), from €30,026 to €22,596
of which Taxes: -€9,642
- Gross operating margin -€28,896
down €28,896 (-22.2%), from €130,301 to €101,405
- Taxes -€7,218
down €7,218 (-41.9%), from €17,215 to €9,997
- Staff costs -€5,598
down €5,598 (-11.1%), from €50,412 to €44,814
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 | €204,015 | €168,768 | -€35,246 | -17.3% |
| Fixed assets | 21/28 | €133,895 | €111,101 | -€22,794 | -17.0% |
| Intangible fixed assets | 21 | €128,953 | €104,391 | -€24,563 | -19.0% |
| Tangible fixed assets | 22/27 | €2,542 | €4,310 | +€1,769 | +69.6% |
| Furniture and vehicles | 24 | €2,542 | €4,310 | +€1,769 | +69.6% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €70,120 | €57,667 | -€12,453 | -17.8% |
| Amounts receivable within one year | 40/41 | €68,599 | €41,890 | -€26,709 | -38.9% |
| Trade receivables | 40 | €68,599 | €41,890 | -€26,709 | -38.9% |
| Cash at bank and in hand | 54/58 | €1,315 | €15,218 | +€13,903 | +1057.5% |
| Deferred charges and accrued income | 490/1 | €206 | €560 | +€353 | +171.3% |
| Total equity and liabilities | 10/49 | €204,015 | €168,768 | -€35,246 | -17.3% |
| Equity | 10/15 | €72,817 | €91,296 | +€18,479 | +25.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €70,817 | €89,296 | +€18,479 | +26.1% |
| Distributable reserves | 133 | €70,817 | €89,296 | +€18,479 | +26.1% |
| Amounts payable | 17/49 | €131,198 | €77,473 | -€53,725 | -40.9% |
| Amounts payable within one year | 42/48 | €131,198 | €77,473 | -€53,725 | -40.9% |
| Trade debts | 44 | €89,787 | €43,961 | -€45,826 | -51.0% |
| Suppliers | 440/4 | €89,787 | €43,961 | -€45,826 | -51.0% |
| Taxes, remuneration and social security | 45 | €30,026 | €22,596 | -€7,430 | -24.7% |
| Taxes | 450/3 | €23,509 | €13,866 | -€9,642 | -41.0% |
| Remuneration and social security | 454/9 | €6,518 | €8,730 | +€2,212 | +33.9% |
| Other amounts payable | 47/48 | €11,384 | €10,915 | -€470 | -4.1% |
| Remuneration, social security and pensions | 62 | €50,412 | €44,814 | -€5,598 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,729 | €26,425 | -€304 | -1.1% |
| Other operating charges | 640/8 | €897 | €707 | -€190 | -21.2% |
| Gross operating margin | 9900 | €130,301 | €101,405 | -€28,896 | -22.2% |
| Operating profit (loss) | 9901 | €52,262 | €29,458 | -€22,804 | -43.6% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €137 | €199 | +€62 | +45.6% |
| Recurring financial charges | 65 | €137 | €199 | +€62 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €52,126 | €29,276 | -€22,850 | -43.8% |
| Income taxes | 67/77 | €17,215 | €9,997 | -€7,218 | -41.9% |
| Profit (loss) for the period | 9904 | €34,911 | €19,279 | -€15,632 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,911 | €19,279 | -€15,632 | -44.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.