SASO: 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.
SASO
Largest movements
- Tangible fixed assets -€7,471
down €7,471 (-26.3%), from €28,387 to €20,916
- Receivables within one year -€5,380
down €5,380 (-79.4%), from €6,773 to €1,393
of which Trade receivables: -€5,090
- Cash +€3,483
up €3,483 (+5.2%), from €66,629 to €70,112
mainly Depreciation (+€7,471) and Receivables within one year (+€5,380)
- Profit (loss) carried forward -€8,334
down €8,334 (-13.4%), from €62,156 to €53,822
- Other debts -€1,239
down €1,239 (-36.2%), from €3,419 to €2,180
- Gross operating margin -€14,430
down €14,430 (-95.8%), from €15,060 to €630
- Taxes -€232
down €232 (-75.1%), from €309 to €77
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.
Cash bridge derived
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 | €102,598 | €93,257 | -€9,341 | -9.1% |
| Fixed assets | 21/28 | €28,387 | €20,916 | -€7,471 | -26.3% |
| Tangible fixed assets | 22/27 | €28,387 | €20,916 | -€7,471 | -26.3% |
| Furniture and vehicles | 24 | €28,387 | €20,916 | -€7,471 | -26.3% |
| Current assets | 29/58 | €74,211 | €72,341 | -€1,870 | -2.5% |
| Amounts receivable within one year | 40/41 | €6,773 | €1,393 | -€5,380 | -79.4% |
| Trade receivables | 40 | €5,090 | - | -€5,090 | |
| Other amounts receivable | 41 | €1,683 | €1,393 | -€290 | -17.2% |
| Cash at bank and in hand | 54/58 | €66,629 | €70,112 | +€3,483 | +5.2% |
| Deferred charges and accrued income | 490/1 | €809 | €836 | +€27 | +3.3% |
| Total equity and liabilities | 10/49 | €102,598 | €93,257 | -€9,341 | -9.1% |
| Equity | 10/15 | €97,652 | €89,318 | -€8,334 | -8.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €16,904 | €16,904 | = | 0.0% |
| Distributable reserves | 133 | €16,904 | €16,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,156 | €53,822 | -€8,334 | -13.4% |
| Amounts payable | 17/49 | €4,946 | €3,939 | -€1,007 | -20.4% |
| Amounts payable within one year | 42/48 | €4,946 | €3,939 | -€1,007 | -20.4% |
| Trade debts | 44 | €1,178 | €1,078 | -€100 | -8.5% |
| Suppliers | 440/4 | €1,178 | €1,078 | -€100 | -8.5% |
| Taxes, remuneration and social security | 45 | €349 | €681 | +€332 | +95.1% |
| Remuneration and social security | 454/9 | €349 | €681 | +€332 | +95.1% |
| Other amounts payable | 47/48 | €3,419 | €2,180 | -€1,239 | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,470 | €7,471 | +€1 | 0.0% |
| Other operating charges | 640/8 | €700 | €679 | -€21 | -3.0% |
| Gross operating margin | 9900 | €15,060 | €630 | -€14,430 | -95.8% |
| Operating profit (loss) | 9901 | €6,890 | -€7,520 | -€14,410 | |
| Financial income | 75/76B | €266 | €186 | -€80 | -30.1% |
| Recurring financial income | 75 | €266 | €186 | -€80 | -30.1% |
| Financial charges | 65/66B | €95 | €90 | -€5 | -5.3% |
| Recurring financial charges | 65 | €95 | €90 | -€5 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €7,061 | -€7,424 | -€14,485 | |
| Income taxes | 67/77 | €309 | €77 | -€232 | -75.1% |
| Profit (loss) for the period | 9904 | €6,752 | -€7,501 | -€14,253 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,752 | -€7,501 | -€14,253 |
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 11 October 2026 via checked.be.