Sasveld: 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.
Sasveld
Largest movements
- Tangible fixed assets +€914,609
up €914,609 (+25,036%), from €3,653 to €918,263
of which Assets under construction and advance payments: +€666,140
- Receivables within one year +€336,000
up €336,000 (+840%), from €40,000 to €376,000
of which Trade receivables: +€186,000
- Cash +€102,462
up €102,462 (+2,581%), from €3,971 to €106,432
mainly Debts after one year (+€793,303) and Other debts (+€309,125)
- Financial fixed assets +€22,500
up €22,500 (+11.0%), from €205,000 to €227,500
- Debts after one year +€793,303
up €793,303 (+621%), from €127,819 to €921,122
- Other debts +€309,125
up €309,125 (+1,797%), from €17,200 to €326,325
- Reserves +€150,000
new in 2025: €150,000
- Current portion of long-term debt +€51,829
up €51,829 (+132%), from €39,360 to €91,189
- Trade debts +€42,254
up €42,254 (+2,504%), from €1,688 to €43,942
- Gross operating margin +€175,568
up €175,568 (+253%), from €69,362 to €244,929
- Other operating charges +€30,681
up €30,681 (+4,717%), from €650 to €31,331
- Taxes +€30,265
up €30,265 (+212%), from €14,289 to €44,554
- Financial charges +€5,399
up €5,399 (+48.1%), from €11,223 to €16,622
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 | €252,624 | €1,629,996 | +€1.4m | +545% |
| Fixed assets | 21/28 | €208,653 | €1,145,763 | +€937,109 | +449% |
| Tangible fixed assets | 22/27 | €3,653 | €918,263 | +€914,609 | +25,036% |
| Land and buildings | 22 | - | €248,868 | +€248,868 | |
| Furniture and vehicles | 24 | €3,653 | €3,255 | -€399 | -10.9% |
| Assets under construction and advance payments | 27 | - | €666,140 | +€666,140 | |
| Financial fixed assets | 28 | €205,000 | €227,500 | +€22,500 | +11.0% |
| Current assets | 29/58 | €43,971 | €484,234 | +€440,263 | +1,001% |
| Amounts receivable within one year | 40/41 | €40,000 | €376,000 | +€336,000 | +840% |
| Trade receivables | 40 | €40,000 | €226,000 | +€186,000 | +465% |
| Other amounts receivable | 41 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €3,971 | €106,432 | +€102,462 | +2,581% |
| Deferred charges and accrued income | 490/1 | - | €1,802 | +€1,802 | |
| Total equity and liabilities | 10/49 | €252,624 | €1,629,996 | +€1.4m | +545% |
| Equity | 10/15 | €47,866 | €199,890 | +€152,024 | +318% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €150,000 | +€150,000 | |
| Distributable reserves | 133 | - | €150,000 | +€150,000 | |
| Profit (loss) carried forward | 14 | €42,866 | €44,890 | +€2,024 | +4.7% |
| Amounts payable | 17/49 | €204,757 | €1,430,106 | +€1.2m | +598% |
| Amounts payable after more than one year | 17 | €127,819 | €921,122 | +€793,303 | +621% |
| Financial debts | 170/4 | €127,819 | €921,122 | +€793,303 | +621% |
| Amounts payable within one year | 42/48 | €76,938 | €508,985 | +€432,046 | +562% |
| Current portion of amounts payable after more than one year | 42 | €39,360 | €91,189 | +€51,829 | +132% |
| Trade debts | 44 | €1,688 | €43,942 | +€42,254 | +2,504% |
| Suppliers | 440/4 | €1,688 | €43,942 | +€42,254 | +2,504% |
| Taxes, remuneration and social security | 45 | €18,691 | €47,530 | +€28,839 | +154% |
| Taxes | 450/3 | €16,669 | €45,458 | +€28,789 | +173% |
| Remuneration and social security | 454/9 | €2,022 | €2,071 | +€49 | +2.4% |
| Other amounts payable | 47/48 | €17,200 | €326,325 | +€309,125 | +1,797% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333 | €399 | +€66 | +19.9% |
| Other operating charges | 640/8 | €650 | €31,331 | +€30,681 | +4,717% |
| Gross operating margin | 9900 | €69,362 | €244,929 | +€175,568 | +253% |
| Operating profit (loss) | 9901 | €68,379 | €213,200 | +€144,821 | +212% |
| Financial charges | 65/66B | €11,223 | €16,622 | +€5,399 | +48.1% |
| Recurring financial charges | 65 | €11,223 | €16,622 | +€5,399 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €57,155 | €196,577 | +€139,422 | +244% |
| Income taxes | 67/77 | €14,289 | €44,554 | +€30,265 | +212% |
| Profit (loss) for the period | 9904 | €42,866 | €152,024 | +€109,157 | +255% |
| Profit (loss) for the period to be appropriated | 9905 | €42,866 | €152,024 | +€109,157 | +255% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.