SASKIA: 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.
SASKIA
Largest movements
- Receivables within one year +€110,328
up €110,328 (+1,040%), from €10,605 to €120,932
of which Other amounts receivable: +€101,168
- Cash -€75,494
down €75,494 (-38.3%), from €197,171 to €121,676
mainly Receivables within one year (-€110,328) and Investment in fixed assets (net) (-€40,676)
- Tangible fixed assets +€14,118
up €14,118 (+10.1%), from €139,809 to €153,927
of which Plant, machinery and equipment: +€15,777
- Reserves +€76,079
up €76,079 (+44.1%), from €172,541 to €248,620
- Debts after one year -€21,693
down €21,693 (-34.7%), from €62,541 to €40,848
- Current portion of long-term debt -€10,688
down €10,688 (-33.0%), from €32,381 to €21,693
- Staff costs +€38,429
up €38,429 (+15.6%), from €246,723 to €285,153
- Gross operating margin +€15,542
up €15,542 (+3.8%), from €408,285 to €423,826
- Taxes -€10,481
down €10,481 (-26.5%), from €39,505 to €29,024
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 | €353,350 | €402,211 | +€48,861 | +13.8% |
| Fixed assets | 21/28 | €139,809 | €153,927 | +€14,118 | +10.1% |
| Tangible fixed assets | 22/27 | €139,809 | €153,927 | +€14,118 | +10.1% |
| Land and buildings | 22 | €108,431 | €91,387 | -€17,044 | -15.7% |
| Plant, machinery and equipment | 23 | €28,988 | €44,765 | +€15,777 | +54.4% |
| Furniture and vehicles | 24 | €770 | €16,360 | +€15,589 | +2,024% |
| Leasing and similar rights | 25 | €1,621 | €1,416 | -€205 | -12.6% |
| Current assets | 29/58 | €213,541 | €248,284 | +€34,744 | +16.3% |
| Amounts receivable within one year | 40/41 | €10,605 | €120,932 | +€110,328 | +1,040% |
| Trade receivables | 40 | €10,605 | €19,765 | +€9,160 | +86.4% |
| Other amounts receivable | 41 | - | €101,168 | +€101,168 | |
| Cash at bank and in hand | 54/58 | €197,171 | €121,676 | -€75,494 | -38.3% |
| Deferred charges and accrued income | 490/1 | €5,765 | €5,676 | -€89 | -1.6% |
| Total equity and liabilities | 10/49 | €353,350 | €402,211 | +€48,861 | +13.8% |
| Equity | 10/15 | €192,541 | €268,620 | +€76,079 | +39.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €172,541 | €248,620 | +€76,079 | +44.1% |
| Distributable reserves | 133 | €172,541 | €248,620 | +€76,079 | +44.1% |
| Amounts payable | 17/49 | €160,809 | €133,592 | -€27,217 | -16.9% |
| Amounts payable after more than one year | 17 | €62,541 | €40,848 | -€21,693 | -34.7% |
| Financial debts | 170/4 | €62,541 | €40,848 | -€21,693 | -34.7% |
| Amounts payable within one year | 42/48 | €98,268 | €92,744 | -€5,524 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €32,381 | €21,693 | -€10,688 | -33.0% |
| Trade debts | 44 | €12,788 | €14,554 | +€1,766 | +13.8% |
| Suppliers | 440/4 | €12,788 | €14,554 | +€1,766 | +13.8% |
| Taxes, remuneration and social security | 45 | €51,135 | €54,653 | +€3,518 | +6.9% |
| Taxes | 450/3 | €32,785 | €3,732 | -€29,053 | -88.6% |
| Remuneration and social security | 454/9 | €18,350 | €50,920 | +€32,571 | +177% |
| Other amounts payable | 47/48 | €1,964 | €1,844 | -€120 | -6.1% |
| Remuneration, social security and pensions | 62 | €246,723 | €285,153 | +€38,429 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,030 | €26,558 | +€2,528 | +10.5% |
| Other operating charges | 640/8 | €2,209 | €2,218 | +€9 | +0.4% |
| Gross operating margin | 9900 | €408,285 | €423,826 | +€15,542 | +3.8% |
| Operating profit (loss) | 9901 | €135,322 | €109,898 | -€25,425 | -18.8% |
| Financial income | 75/76B | €1,202 | €704 | -€498 | -41.4% |
| Recurring financial income | 75 | €1,202 | €704 | -€498 | -41.4% |
| Financial charges | 65/66B | €4,327 | €5,499 | +€1,172 | +27.1% |
| Recurring financial charges | 65 | €4,327 | €5,499 | +€1,172 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €132,197 | €105,103 | -€27,095 | -20.5% |
| Income taxes | 67/77 | €39,505 | €29,024 | -€10,481 | -26.5% |
| Profit (loss) for the period | 9904 | €92,692 | €76,079 | -€16,613 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €92,692 | €76,079 | -€16,613 | -17.9% |
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 15 October 2026 via checked.be.