SAOLGA LAW: 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.
SAOLGA LAW
Largest movements
- Cash +€101,777
up €101,777 (+62.7%), from €162,287 to €264,064
mainly Net result for the year (+€88,922) and Tax, wage and social debts (+€42,143)
- Receivables within one year +€30,142
up €30,142 (+1,050%), from €2,871 to €33,013
- Reserves +€85,000
new in 2025: €85,000
- Tax, wage and social debts +€42,143
up €42,143 (+130%), from €32,414 to €74,557
- Profit (loss) carried forward +€3,922
up €3,922 (+3.0%), from €131,120 to €135,041
- Gross operating margin +€9,789
up €9,789 (+8.4%), from €116,950 to €126,739
- Taxes +€7,559
up €7,559 (+25.1%), from €30,127 to €37,686
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 | €167,042 | €300,060 | +€133,018 | +79.6% |
| Fixed assets | 21/28 | €1,562 | €2,370 | +€808 | +51.7% |
| Tangible fixed assets | 22/27 | €1,502 | €2,310 | +€808 | +53.8% |
| Furniture and vehicles | 24 | €1,502 | €951 | -€551 | -36.7% |
| Other tangible fixed assets | 26 | - | €1,359 | +€1,359 | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €165,481 | €297,690 | +€132,210 | +79.9% |
| Amounts receivable within one year | 40/41 | €2,871 | €33,013 | +€30,142 | +1,050% |
| Trade receivables | 40 | €2,871 | €33,013 | +€30,142 | +1,050% |
| Cash at bank and in hand | 54/58 | €162,287 | €264,064 | +€101,777 | +62.7% |
| Deferred charges and accrued income | 490/1 | €323 | €614 | +€291 | +90.0% |
| Total equity and liabilities | 10/49 | €167,042 | €300,060 | +€133,018 | +79.6% |
| Equity | 10/15 | €133,620 | €222,541 | +€88,922 | +66.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €85,000 | +€85,000 | |
| Distributable reserves | 133 | - | €85,000 | +€85,000 | |
| Profit (loss) carried forward | 14 | €131,120 | €135,041 | +€3,922 | +3.0% |
| Amounts payable | 17/49 | €33,423 | €77,519 | +€44,096 | +132% |
| Amounts payable within one year | 42/48 | €33,423 | €77,519 | +€44,096 | +132% |
| Trade debts | 44 | €425 | €490 | +€65 | +15.4% |
| Suppliers | 440/4 | €425 | €490 | +€65 | +15.4% |
| Taxes, remuneration and social security | 45 | €32,414 | €74,557 | +€42,143 | +130% |
| Taxes | 450/3 | €32,414 | €74,557 | +€42,143 | +130% |
| Other amounts payable | 47/48 | €583 | €2,471 | +€1,888 | +324% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150 | €551 | +€400 | +266% |
| Other operating charges | 640/8 | €641 | €657 | +€16 | +2.5% |
| Gross operating margin | 9900 | €116,950 | €126,739 | +€9,789 | +8.4% |
| Operating profit (loss) | 9901 | €116,159 | €125,531 | +€9,372 | +8.1% |
| Financial income | 75/76B | €444 | €1,193 | +€749 | +169% |
| Recurring financial income | 75 | €444 | €1,193 | +€749 | +169% |
| Financial charges | 65/66B | €150 | €117 | -€33 | -21.9% |
| Recurring financial charges | 65 | €150 | €117 | -€33 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €116,453 | €126,607 | +€10,154 | +8.7% |
| Income taxes | 67/77 | €30,127 | €37,686 | +€7,559 | +25.1% |
| Profit (loss) for the period | 9904 | €86,326 | €88,922 | +€2,596 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,326 | €88,922 | +€2,596 | +3.0% |
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 23 October 2026 via checked.be.