SASKIA WILLAERT: 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 WILLAERT
Largest movements
- Tangible fixed assets -€16,118
down €16,118 (-6.2%), from €261,153 to €245,035
of which Land and buildings: -€14,510
- Debts after one year -€30,007
down €30,007 (-53.6%), from €55,991 to €25,984
- Reserves +€19,050
up €19,050 (+4.4%), from €428,550 to €447,600
- Gross operating margin -€21,054
down €21,054 (-30.1%), from €69,925 to €48,871
- Taxes -€5,116
down €5,116 (-39.8%), from €12,853 to €7,737
- Financial charges -€1,181
down €1,181 (-26.1%), from €4,516 to €3,336
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 | €1,225,942 | €1,222,899 | -€3,043 | -0.2% |
| Fixed assets | 21/28 | €1,029,514 | €1,013,396 | -€16,118 | -1.6% |
| Tangible fixed assets | 22/27 | €261,153 | €245,035 | -€16,118 | -6.2% |
| Land and buildings | 22 | €249,494 | €234,984 | -€14,510 | -5.8% |
| Plant, machinery and equipment | 23 | €11,660 | €10,052 | -€1,608 | -13.8% |
| Financial fixed assets | 28 | €768,361 | €768,361 | = | 0.0% |
| Current assets | 29/58 | €196,427 | €209,502 | +€13,075 | +6.7% |
| Amounts receivable within one year | 40/41 | €2,636 | €8,414 | +€5,777 | +219% |
| Other amounts receivable | 41 | €2,636 | €8,414 | +€5,777 | +219% |
| Cash at bank and in hand | 54/58 | €192,942 | €200,518 | +€7,576 | +3.9% |
| Deferred charges and accrued income | 490/1 | €849 | €571 | -€278 | -32.8% |
| Total equity and liabilities | 10/49 | €1,225,942 | €1,222,899 | -€3,043 | -0.2% |
| Equity | 10/15 | €627,652 | €646,711 | +€19,060 | +3.0% |
| Contributions | 10/11 | €193,400 | €193,400 | = | 0.0% |
| Reserves | 13 | €428,550 | €447,600 | +€19,050 | +4.4% |
| Distributable reserves | 133 | €428,550 | €447,600 | +€19,050 | +4.4% |
| Profit (loss) carried forward | 14 | €5,702 | €5,711 | +€10 | +0.2% |
| Amounts payable | 17/49 | €598,290 | €576,187 | -€22,103 | -3.7% |
| Amounts payable after more than one year | 17 | €55,991 | €25,984 | -€30,007 | -53.6% |
| Financial debts | 170/4 | €55,991 | €25,984 | -€30,007 | -53.6% |
| Amounts payable within one year | 42/48 | €538,644 | €546,122 | +€7,478 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €26,426 | €30,007 | +€3,581 | +13.6% |
| Trade debts | 44 | €1,240 | €1,369 | +€130 | +10.5% |
| Suppliers | 440/4 | €1,240 | €1,369 | +€130 | +10.5% |
| Other amounts payable | 47/48 | €510,978 | €514,745 | +€3,767 | +0.7% |
| Accrued charges and deferred income | 492/3 | €3,655 | €4,082 | +€427 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,933 | €16,118 | +€185 | +1.2% |
| Other operating charges | 640/8 | €3,041 | €3,553 | +€512 | +16.8% |
| Gross operating margin | 9900 | €69,925 | €48,871 | -€21,054 | -30.1% |
| Operating profit (loss) | 9901 | €50,952 | €29,200 | -€21,752 | -42.7% |
| Financial income | 75/76B | €728 | €933 | +€205 | +28.2% |
| Recurring financial income | 75 | €728 | €933 | +€205 | +28.2% |
| Financial charges | 65/66B | €4,516 | €3,336 | -€1,181 | -26.1% |
| Recurring financial charges | 65 | €4,516 | €3,336 | -€1,181 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €47,163 | €26,797 | -€20,366 | -43.2% |
| Income taxes | 67/77 | €12,853 | €7,737 | -€5,116 | -39.8% |
| Profit (loss) for the period | 9904 | €34,310 | €19,060 | -€15,250 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,310 | €19,060 | -€15,250 | -44.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.