SAST: 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.
SAST
Largest movements
- Stocks and contracts -€22,357
down €22,357 (-56.2%), from €39,775 to €17,418
- Tangible fixed assets -€14,340
down €14,340 (-6.5%), from €222,209 to €207,869
of which Land and buildings: -€8,390
- Cash -€8,902
down €8,902 (-55.9%), from €15,932 to €7,030
mainly Trade debts (-€17,139) and Short-term financial debts (-€13,435)
- Receivables within one year +€7,808
up €7,808 (+5.3%), from €147,181 to €154,990
of which Other amounts receivable: +€11,418
- Trade debts -€17,139
down €17,139 (-52.5%), from €32,651 to €15,512
- Short-term financial debts -€13,435
no longer reported in 2024 (was €13,435)
- Debts after one year -€8,963
down €8,963 (-5.6%), from €161,221 to €152,258
- Reserves +€7,000
up €7,000 (+4.9%), from €142,000 to €149,000
- Tax, wage and social debts -€4,381
down €4,381 (-16.9%), from €25,913 to €21,532
of which Taxes: -€6,974
- Gross operating margin +€117,252
up €117,252 (+1577.2%), from €7,434 to €124,686
- Taxes -€6,611
down €6,611 (-97.6%), from €6,776 to €165
- Staff costs -€4,211
down €4,211 (-4.7%), from €90,264 to €86,054
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €429,018 | €389,985 | -€39,033 | -9.1% |
| Fixed assets | 21/28 | €224,209 | €209,869 | -€14,340 | -6.4% |
| Tangible fixed assets | 22/27 | €222,209 | €207,869 | -€14,340 | -6.5% |
| Land and buildings | 22 | €176,011 | €167,620 | -€8,390 | -4.8% |
| Plant, machinery and equipment | 23 | €9,077 | €6,759 | -€2,317 | -25.5% |
| Furniture and vehicles | 24 | €37,121 | €33,489 | -€3,632 | -9.8% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €204,810 | €180,116 | -€24,694 | -12.1% |
| Stocks and contracts in progress | 3 | €39,775 | €17,418 | -€22,357 | -56.2% |
| Stocks | 30/36 | €39,775 | €17,418 | -€22,357 | -56.2% |
| Amounts receivable within one year | 40/41 | €147,181 | €154,990 | +€7,808 | +5.3% |
| Trade receivables | 40 | €56,762 | €53,152 | -€3,610 | -6.4% |
| Other amounts receivable | 41 | €90,420 | €101,838 | +€11,418 | +12.6% |
| Cash at bank and in hand | 54/58 | €15,932 | €7,030 | -€8,902 | -55.9% |
| Deferred charges and accrued income | 490/1 | €1,921 | €678 | -€1,243 | -64.7% |
| Total equity and liabilities | 10/49 | €429,018 | €389,985 | -€39,033 | -9.1% |
| Equity | 10/15 | €183,030 | €189,342 | +€6,312 | +3.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Contributions outside capital | 11 | €40,000 | €40,000 | = | 0.0% |
| Share premium | 1100/10 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €142,000 | €149,000 | +€7,000 | +4.9% |
| Distributable reserves | 133 | €142,000 | €149,000 | +€7,000 | +4.9% |
| Profit (loss) carried forward | 14 | €1,030 | €342 | -€688 | -66.8% |
| Amounts payable | 17/49 | €245,988 | €200,643 | -€45,346 | -18.4% |
| Amounts payable after more than one year | 17 | €161,221 | €152,258 | -€8,963 | -5.6% |
| Financial debts | 170/4 | €161,221 | €152,258 | -€8,963 | -5.6% |
| Amounts payable within one year | 42/48 | €84,768 | €48,385 | -€36,382 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €8,779 | €8,963 | +€184 | +2.1% |
| Financial debts | 43 | €13,435 | - | -€13,435 | |
| Credit institutions | 430/8 | €13,435 | - | -€13,435 | |
| Trade debts | 44 | €32,651 | €15,512 | -€17,139 | -52.5% |
| Suppliers | 440/4 | €32,651 | €15,512 | -€17,139 | -52.5% |
| Advances received on contracts in progress | 46 | €166 | - | -€166 | |
| Taxes, remuneration and social security | 45 | €25,913 | €21,532 | -€4,381 | -16.9% |
| Taxes | 450/3 | €12,706 | €5,732 | -€6,974 | -54.9% |
| Remuneration and social security | 454/9 | €13,207 | €15,800 | +€2,593 | +19.6% |
| Other amounts payable | 47/48 | €3,824 | €2,377 | -€1,446 | -37.8% |
| Remuneration, social security and pensions | 62 | €90,264 | €86,054 | -€4,211 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,464 | €14,340 | -€125 | -0.9% |
| Other operating charges | 640/8 | €7,373 | €8,479 | +€1,106 | +15.0% |
| Gross operating margin | 9900 | €7,434 | €124,686 | +€117,252 | +1577.2% |
| Operating profit (loss) | 9901 | -€104,668 | €15,813 | +€120,480 | |
| Financial income | 75/76B | €45 | €0 | -€45 | -100.0% |
| Recurring financial income | 75 | €45 | €0 | -€45 | -100.0% |
| Financial charges | 65/66B | €9,999 | €9,335 | -€663 | -6.6% |
| Recurring financial charges | 65 | €9,999 | €9,335 | -€663 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€114,621 | €6,477 | +€121,098 | |
| Income taxes | 67/77 | €6,776 | €165 | -€6,611 | -97.6% |
| Profit (loss) for the period | 9904 | -€121,397 | €6,312 | +€127,709 | |
| Profit (loss) for the period to be appropriated | 9905 | -€121,397 | €6,312 | +€127,709 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.