SAOIRSE: 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.
SAOIRSE
Largest movements
- Cash +€60,760
up €60,760 (+25.2%), from €241,350 to €302,110
mainly Net result for the year (+€141,694) and Other debts (+€88,889)
- Receivables within one year +€30,507
up €30,507 (+223%), from €13,667 to €44,174
of which Trade receivables: +€15,502
- Other debts +€88,889
up €88,889 (+42.6%), from €208,841 to €297,730
- Tax, wage and social debts +€48,454
new in 2025: €48,454
- Trade debts -€46,076
no longer reported in 2025 (was €46,076)
- Gross operating margin +€69,300
up €69,300 (+58.7%), from €118,104 to €187,404
- Taxes +€18,147
up €18,147 (+66.5%), from €27,298 to €45,445
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 | €255,017 | €346,284 | +€91,267 | +35.8% |
| Current assets | 29/58 | €255,017 | €346,284 | +€91,267 | +35.8% |
| Amounts receivable within one year | 40/41 | €13,667 | €44,174 | +€30,507 | +223% |
| Trade receivables | 40 | €13,667 | €29,169 | +€15,502 | +113% |
| Other amounts receivable | 41 | - | €15,005 | +€15,005 | |
| Cash at bank and in hand | 54/58 | €241,350 | €302,110 | +€60,760 | +25.2% |
| Total equity and liabilities | 10/49 | €255,017 | €346,284 | +€91,267 | +35.8% |
| Equity | 10/15 | €100 | €100 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Amounts payable | 17/49 | €254,917 | €346,184 | +€91,267 | +35.8% |
| Amounts payable within one year | 42/48 | €254,917 | €346,184 | +€91,267 | +35.8% |
| Trade debts | 44 | €46,076 | - | -€46,076 | |
| Suppliers | 440/4 | €46,076 | - | -€46,076 | |
| Taxes, remuneration and social security | 45 | - | €48,454 | +€48,454 | |
| Taxes | 450/3 | - | €48,454 | +€48,454 | |
| Other amounts payable | 47/48 | €208,841 | €297,730 | +€88,889 | +42.6% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €118,104 | €187,404 | +€69,300 | +58.7% |
| Operating profit (loss) | 9901 | €117,717 | €187,404 | +€69,687 | +59.2% |
| Financial charges | 65/66B | €190 | €265 | +€75 | +39.5% |
| Recurring financial charges | 65 | €190 | €265 | +€75 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €117,527 | €187,139 | +€69,612 | +59.2% |
| Income taxes | 67/77 | €27,298 | €45,445 | +€18,147 | +66.5% |
| Profit (loss) for the period | 9904 | €90,229 | €141,694 | +€51,465 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,229 | €141,694 | +€51,465 | +57.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.