Sas 7: 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.
Sas 7
Largest movements
- Cash +€118,043
up €118,043 (+232.9%), from €50,694 to €168,737
mainly Net result for the year (+€76,124) and Depreciation (+€47,833)
- Tangible fixed assets -€17,649
down €17,649 (-10.2%), from €173,396 to €155,747
of which Other tangible fixed assets: -€13,527
- Reserves +€76,124
up €76,124 (+116.9%), from €65,147 to €141,271
of which Distributable reserves: +€76,124
- Tax, wage and social debts +€37,006
up €37,006 (+77.9%), from €47,516 to €84,522
of which Remuneration and social security: +€35,325
- Debts after one year -€30,938
down €30,938 (-31.9%), from €97,129 to €66,192
- Trade debts +€17,887
up €17,887 (+78.4%), from €22,827 to €40,714
- Gross operating margin +€135,945
up €135,945 (+37.5%), from €362,950 to €498,895
- Staff costs +€110,779
up €110,779 (+50.2%), from €220,705 to €331,484
- Financial charges +€9,049
up €9,049 (+103.6%), from €8,738 to €17,788
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 | €282,573 | €382,985 | +€100,413 | +35.5% |
| Fixed assets | 21/28 | €182,396 | €161,747 | -€20,649 | -11.3% |
| Intangible fixed assets | 21 | €9,000 | €6,000 | -€3,000 | -33.3% |
| Tangible fixed assets | 22/27 | €173,396 | €155,747 | -€17,649 | -10.2% |
| Land and buildings | 22 | €26,570 | €15,245 | -€11,325 | -42.6% |
| Plant, machinery and equipment | 23 | €52,638 | €52,688 | +€51 | +0.1% |
| Furniture and vehicles | 24 | €16,394 | €23,547 | +€7,153 | +43.6% |
| Other tangible fixed assets | 26 | €77,795 | €64,267 | -€13,527 | -17.4% |
| Current assets | 29/58 | €100,176 | €221,238 | +€121,062 | +120.8% |
| Stocks and contracts in progress | 3 | €12,573 | €13,578 | +€1,006 | +8.0% |
| Stocks | 30/36 | €12,573 | €13,578 | +€1,006 | +8.0% |
| Amounts receivable within one year | 40/41 | €27,294 | €26,489 | -€805 | -3.0% |
| Other amounts receivable | 41 | €27,294 | €26,489 | -€805 | -3.0% |
| Cash at bank and in hand | 54/58 | €50,694 | €168,737 | +€118,043 | +232.9% |
| Deferred charges and accrued income | 490/1 | €9,616 | €12,434 | +€2,818 | +29.3% |
| Total equity and liabilities | 10/49 | €282,573 | €382,985 | +€100,413 | +35.5% |
| Equity | 10/15 | €83,747 | €159,871 | +€76,124 | +90.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,147 | €141,271 | +€76,124 | +116.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €65,147 | €141,271 | +€76,124 | +116.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €198,826 | €223,114 | +€24,288 | +12.2% |
| Amounts payable after more than one year | 17 | €97,129 | €66,192 | -€30,938 | -31.9% |
| Financial debts | 170/4 | €97,129 | €66,192 | -€30,938 | -31.9% |
| Amounts payable within one year | 42/48 | €101,696 | €156,923 | +€55,226 | +54.3% |
| Current portion of amounts payable after more than one year | 42 | €30,605 | €30,938 | +€333 | +1.1% |
| Trade debts | 44 | €22,827 | €40,714 | +€17,887 | +78.4% |
| Suppliers | 440/4 | €22,827 | €40,714 | +€17,887 | +78.4% |
| Taxes, remuneration and social security | 45 | €47,516 | €84,522 | +€37,006 | +77.9% |
| Taxes | 450/3 | €27,719 | €29,400 | +€1,681 | +6.1% |
| Remuneration and social security | 454/9 | €19,797 | €55,122 | +€35,325 | +178.4% |
| Other amounts payable | 47/48 | €748 | €748 | = | 0.0% |
| Non-recurring operating income | 76A | €1,742 | €1,716 | -€26 | -1.5% |
| Remuneration, social security and pensions | 62 | €220,705 | €331,484 | +€110,779 | +50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,781 | €47,833 | +€3,052 | +6.8% |
| Other operating charges | 640/8 | €2,852 | €2,757 | -€94 | -3.3% |
| Gross operating margin | 9900 | €362,950 | €498,895 | +€135,945 | +37.5% |
| Operating profit (loss) | 9901 | €94,612 | €116,821 | +€22,208 | +23.5% |
| Financial income | 75/76B | €1,580 | €854 | -€726 | -45.9% |
| Recurring financial income | 75 | €1,580 | €854 | -€726 | -45.9% |
| Financial charges | 65/66B | €8,738 | €17,788 | +€9,049 | +103.6% |
| Recurring financial charges | 65 | €8,738 | €17,788 | +€9,049 | +103.6% |
| Profit (loss) for the period before taxes | 9903 | €87,454 | €99,887 | +€12,433 | +14.2% |
| Income taxes | 67/77 | €25,531 | €23,763 | -€1,768 | -6.9% |
| Profit (loss) for the period | 9904 | €61,923 | €76,124 | +€14,201 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,923 | €76,124 | +€14,201 | +22.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.