SASAELLA: 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.
SASAELLA
Largest movements
- Stocks and contracts +€3.4m
up €3.4m (+184%), from €1.9m to €5.3m
- Other debts +€3.7m
up €3.7m (+198%), from €1.9m to €5.6m
- Profit (loss) carried forward -€243,072
down €243,072 (-346%), from -€70,187 to -€313,259
- Financial charges +€225,531
up €225,531 (+1,570%), from €14,366 to €239,897
- Gross operating margin +€9,691
up €9,691 (+76.2%), from -€12,722 to -€3,031
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 | €1,855,739 | €5,304,882 | +€3.4m | +186% |
| Current assets | 29/58 | €1,855,739 | €5,304,882 | +€3.4m | +186% |
| Stocks and contracts in progress | 3 | €1,850,000 | €5,260,226 | +€3.4m | +184% |
| Stocks | 30/36 | €1,850,000 | €5,260,226 | +€3.4m | +184% |
| Cash at bank and in hand | 54/58 | €5,739 | €44,656 | +€38,917 | +678% |
| Total equity and liabilities | 10/49 | €1,855,739 | €5,304,882 | +€3.4m | +186% |
| Equity | 10/15 | -€8,537 | -€251,609 | -€243,072 | -2,847% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €150 | €150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Legal reserve | 130 | €150 | €150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,187 | -€313,259 | -€243,072 | -346% |
| Amounts payable | 17/49 | €1,864,277 | €5,556,491 | +€3.7m | +198% |
| Amounts payable within one year | 42/48 | €1,864,277 | €5,556,491 | +€3.7m | +198% |
| Trade debts | 44 | €247 | €3,097 | +€2,850 | +1,156% |
| Suppliers | 440/4 | €247 | €3,097 | +€2,850 | +1,156% |
| Other amounts payable | 47/48 | €1,864,030 | €5,553,394 | +€3.7m | +198% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | -€12,722 | -€3,031 | +€9,691 | +76.2% |
| Operating profit (loss) | 9901 | -€12,862 | -€3,175 | +€9,687 | +75.3% |
| Financial charges | 65/66B | €14,366 | €239,897 | +€225,531 | +1,570% |
| Recurring financial charges | 65 | €14,366 | €239,897 | +€225,531 | +1,570% |
| Profit (loss) for the period before taxes | 9903 | -€27,229 | -€243,072 | -€215,844 | -793% |
| Profit (loss) for the period | 9904 | -€27,229 | -€243,072 | -€215,844 | -793% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,229 | -€243,072 | -€215,844 | -793% |
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 19 October 2026 via checked.be.