SASA & CIE: what changed
SASA & CIE
Largest movements
- Cash +€13,498
up €13,498 (+96.0%), from €14,053 to €27,550
mainly Receivables within one year (+€5,517) and Net result for the year (+€4,192)
- Receivables within one year -€5,517
no longer reported in 2025 (was €5,517)
- Tangible fixed assets -€1,746
down €1,746 (-50.0%), from €3,491 to €1,746
- Profit (loss) carried forward +€4,192
up €4,192 (+269%), from €1,557 to €5,749
- Tax, wage and social debts +€1,397
new in 2025: €1,397
- Trade debts +€646
up €646, from €0 to €646
- Purchases and services -€12,396
no longer reported in 2025 (was €12,396)
- Gross operating margin -€6,183
down €6,183 (-44.0%), from €14,067 to €7,885
- Taxes +€1,397
new in 2025: €1,397
- Depreciation +€460
up €460 (+35.8%), from €1,286 to €1,746
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,532 | €29,767 | +€6,235 | +26.5% |
| Fixed assets | 21/28 | €3,962 | €2,217 | -€1,746 | -44.1% |
| Tangible fixed assets | 22/27 | €3,491 | €1,746 | -€1,746 | -50.0% |
| Other tangible fixed assets | 26 | €3,491 | €1,746 | -€1,746 | -50.0% |
| Financial fixed assets | 28 | €471 | €471 | = | 0.0% |
| Current assets | 29/58 | €19,570 | €27,550 | +€7,981 | +40.8% |
| Amounts receivable within one year | 40/41 | €5,517 | - | -€5,517 | |
| Other amounts receivable | 41 | €5,517 | - | -€5,517 | |
| Cash at bank and in hand | 54/58 | €14,053 | €27,550 | +€13,498 | +96.0% |
| Total equity and liabilities | 10/49 | €23,532 | €29,767 | +€6,235 | +26.5% |
| Equity | 10/15 | €23,532 | €27,724 | +€4,192 | +17.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,383 | €3,383 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,383 | €3,383 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,383 | €3,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,557 | €5,749 | +€4,192 | +269% |
| Amounts payable | 17/49 | €0 | €2,043 | +€2,043 | |
| Amounts payable within one year | 42/48 | €0 | €2,043 | +€2,043 | |
| Trade debts | 44 | €0 | €646 | +€646 | |
| Suppliers | 440/4 | €0 | €646 | +€646 | |
| Taxes, remuneration and social security | 45 | - | €1,397 | +€1,397 | |
| Taxes | 450/3 | - | €1,397 | +€1,397 | |
| Goods, raw materials, services and sundry goods | 60/61 | €12,396 | - | -€12,396 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,286 | €1,746 | +€460 | +35.8% |
| Other operating charges | 640/8 | €461 | €550 | +€88 | +19.2% |
| Gross operating margin | 9900 | €14,067 | €7,885 | -€6,183 | -44.0% |
| Operating profit (loss) | 9901 | €12,320 | €5,589 | -€6,731 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €12,320 | €5,589 | -€6,731 | -54.6% |
| Income taxes | 67/77 | - | €1,397 | +€1,397 | |
| Profit (loss) for the period | 9904 | €12,320 | €4,192 | -€8,128 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,320 | €4,192 | -€8,128 | -66.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.