Saud Industries: 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.
Saud Industries
Largest movements
- Tangible fixed assets -€22,370
down €22,370 (-7.8%), from €286,313 to €263,943
of which Land and buildings: -€13,181
- Cash +€4,647
up €4,647 (+120%), from €3,864 to €8,511
mainly Depreciation (+€14,087) and Investment in fixed assets (net) (+€8,283)
- Receivables within one year -€3,500
down €3,500 (-35.7%), from €9,799 to €6,299
of which Trade receivables: -€2,101
- Debts after one year -€13,046
down €13,046 (-6.6%), from €197,272 to €184,226
- Accrued charges and deferred income -€5,151
down €5,151 (-100%), from €5,151 to €0
- Gross operating margin -€34,629
down €34,629 (-61.1%), from €56,710 to €22,081
- Other operating charges -€6,034
down €6,034 (-66.1%), from €9,126 to €3,092
- Financial charges -€5,608
down €5,608 (-45.2%), from €12,413 to €6,804
- Taxes -€4,466
down €4,466 (-100%), from €4,466 to €0
- Depreciation -€4,420
down €4,420 (-23.9%), from €18,507 to €14,087
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 | €302,931 | €280,231 | -€22,700 | -7.5% |
| Fixed assets | 21/28 | €287,313 | €264,943 | -€22,370 | -7.8% |
| Tangible fixed assets | 22/27 | €286,313 | €263,943 | -€22,370 | -7.8% |
| Land and buildings | 22 | €270,921 | €257,740 | -€13,181 | -4.9% |
| Plant, machinery and equipment | 23 | €7,109 | €6,203 | -€906 | -12.7% |
| Furniture and vehicles | 24 | €8,283 | €0 | -€8,283 | -100% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €15,618 | €15,288 | -€330 | -2.1% |
| Amounts receivable within one year | 40/41 | €9,799 | €6,299 | -€3,500 | -35.7% |
| Trade receivables | 40 | €3,764 | €1,664 | -€2,101 | -55.8% |
| Other amounts receivable | 41 | €6,034 | €4,635 | -€1,400 | -23.2% |
| Cash at bank and in hand | 54/58 | €3,864 | €8,511 | +€4,647 | +120% |
| Deferred charges and accrued income | 490/1 | €1,955 | €478 | -€1,476 | -75.5% |
| Total equity and liabilities | 10/49 | €302,931 | €280,231 | -€22,700 | -7.5% |
| Equity | 10/15 | €21,235 | €19,325 | -€1,910 | -9.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €19,735 | €17,825 | -€1,910 | -9.7% |
| Distributable reserves | 133 | €19,735 | €17,825 | -€1,910 | -9.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €281,696 | €260,906 | -€20,790 | -7.4% |
| Amounts payable after more than one year | 17 | €197,272 | €184,226 | -€13,046 | -6.6% |
| Financial debts | 170/4 | €197,272 | €184,226 | -€13,046 | -6.6% |
| Amounts payable within one year | 42/48 | €79,272 | €76,680 | -€2,593 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €12,591 | €13,046 | +€455 | +3.6% |
| Trade debts | 44 | €870 | €328 | -€542 | -62.3% |
| Suppliers | 440/4 | €870 | €328 | -€542 | -62.3% |
| Taxes, remuneration and social security | 45 | €2,598 | €2,357 | -€241 | -9.3% |
| Taxes | 450/3 | €2,598 | €2,357 | -€241 | -9.3% |
| Other amounts payable | 47/48 | €63,214 | €60,949 | -€2,265 | -3.6% |
| Accrued charges and deferred income | 492/3 | €5,151 | €0 | -€5,151 | -100% |
| Non-recurring operating income | 76A | - | €5,767 | +€5,767 | |
| Remuneration, social security and pensions | 62 | €99 | €8 | -€91 | -92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,507 | €14,087 | -€4,420 | -23.9% |
| Other operating charges | 640/8 | €9,126 | €3,092 | -€6,034 | -66.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €56,710 | €22,081 | -€34,629 | -61.1% |
| Operating profit (loss) | 9901 | €28,978 | €4,894 | -€24,084 | -83.1% |
| Financial charges | 65/66B | €12,413 | €6,804 | -€5,608 | -45.2% |
| Recurring financial charges | 65 | €12,413 | €6,804 | -€5,608 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €16,566 | -€1,910 | -€18,476 | |
| Income taxes | 67/77 | €4,466 | €0 | -€4,466 | -100% |
| Profit (loss) for the period | 9904 | €12,100 | -€1,910 | -€14,010 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,100 | -€1,910 | -€14,010 |
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 19 October 2026 via checked.be.