SAS WORX: 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.
SAS WORX
Largest movements
- Cash -€113,323
down €113,323 (-75.6%), from €149,864 to €36,541
mainly Other debts (-€65,195) and Contributions, distributions and other (-€50,000)
- Receivables within one year -€11,902
down €11,902 (-24.7%), from €48,237 to €36,335
of which Trade receivables: -€11,902
- Intangible fixed assets -€8,969
down €8,969 (-52.2%), from €17,168 to €8,199
- Other debts -€65,195
down €65,195 (-98.8%), from €65,955 to €760
- Profit (loss) carried forward -€50,000
down €50,000 (-57.9%), from €86,287 to €36,287
- Advances received -€15,500
no longer reported in 2025 (was €15,500)
- Trade debts -€9,673
down €9,673 (-97.9%), from €9,880 to €207
- Reserves +€8,537
up €8,537 (+38.4%), from €22,244 to €30,780
- Turnover +€166,110
new in 2025: €166,110
- Purchases and services +€125,569
new in 2025: €125,569
- Gross operating margin -€117,547
down €117,547 (-68.6%), from €171,448 to €53,901
- Other operating charges -€104,230
down €104,230 (-71.3%), from €146,285 to €42,056
- Financial income +€7,429
new in 2025: €7,429
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 | €221,512 | €87,831 | -€133,682 | -60.3% |
| Fixed assets | 21/28 | €23,411 | €14,955 | -€8,456 | -36.1% |
| Intangible fixed assets | 21 | €17,168 | €8,199 | -€8,969 | -52.2% |
| Tangible fixed assets | 22/27 | €1,369 | €1,756 | +€387 | +28.2% |
| Furniture and vehicles | 24 | €1,369 | €1,756 | +€387 | +28.2% |
| Financial fixed assets | 28 | €4,874 | €5,000 | +€126 | +2.6% |
| Current assets | 29/58 | €198,101 | €72,876 | -€125,226 | -63.2% |
| Amounts receivable within one year | 40/41 | €48,237 | €36,335 | -€11,902 | -24.7% |
| Trade receivables | 40 | €28,237 | €16,335 | -€11,902 | -42.2% |
| Other amounts receivable | 41 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €149,864 | €36,541 | -€113,323 | -75.6% |
| Total equity and liabilities | 10/49 | €221,512 | €87,831 | -€133,682 | -60.3% |
| Equity | 10/15 | €109,531 | €68,068 | -€41,463 | -37.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €22,244 | €30,780 | +€8,537 | +38.4% |
| Distributable reserves | 133 | €22,244 | €30,780 | +€8,537 | +38.4% |
| Profit (loss) carried forward | 14 | €86,287 | €36,287 | -€50,000 | -57.9% |
| Amounts payable | 17/49 | €111,982 | €19,763 | -€92,218 | -82.4% |
| Amounts payable within one year | 42/48 | €111,982 | €19,763 | -€92,218 | -82.4% |
| Trade debts | 44 | €9,880 | €207 | -€9,673 | -97.9% |
| Suppliers | 440/4 | €9,880 | €207 | -€9,673 | -97.9% |
| Advances received on contracts in progress | 46 | €15,500 | - | -€15,500 | |
| Taxes, remuneration and social security | 45 | €20,647 | €18,797 | -€1,850 | -9.0% |
| Taxes | 450/3 | €20,647 | €18,797 | -€1,850 | -9.0% |
| Other amounts payable | 47/48 | €65,955 | €760 | -€65,195 | -98.8% |
| Turnover | 70 | - | €166,110 | +€166,110 | |
| Non-recurring operating income | 76A | - | €13,361 | +€13,361 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €125,569 | +€125,569 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,694 | €10,011 | -€683 | -6.4% |
| Other operating charges | 640/8 | €146,285 | €42,056 | -€104,230 | -71.3% |
| Gross operating margin | 9900 | €171,448 | €53,901 | -€117,547 | -68.6% |
| Operating profit (loss) | 9901 | €14,468 | €1,835 | -€12,634 | -87.3% |
| Financial income | 75/76B | - | €7,429 | +€7,429 | |
| Recurring financial income | 75 | - | €7,429 | +€7,429 | |
| Financial charges | 65/66B | €222 | €727 | +€506 | +228% |
| Recurring financial charges | 65 | €222 | €727 | +€506 | +228% |
| Profit (loss) for the period before taxes | 9903 | €14,247 | €8,537 | -€5,710 | -40.1% |
| Profit (loss) for the period | 9904 | €14,247 | €8,537 | -€5,710 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,247 | €8,537 | -€5,710 | -40.1% |
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 1 November 2026 via checked.be.