SAUNA GALVEN: what changed
SAUNA GALVEN
Largest movements
- Tangible fixed assets -€14,924
down €14,924 (-7.4%), from €201,123 to €186,199
- Cash -€2,184
down €2,184 (-60.2%), from €3,624 to €1,441
mainly Debts after one year (-€30,795) and Net result for the year (-€2,729)
- Debts after one year -€30,795
down €30,795 (-34.6%), from €89,117 to €58,322
- Other debts +€12,496
up €12,496 (+9.0%), from €138,393 to €150,888
- Accrued charges and deferred income +€4,771
up €4,771 (+8,571%), from €56 to €4,826
- Profit (loss) carried forward -€2,729
down €2,729 (-3.5%), from -€77,997 to -€80,726
- Trade debts -€2,280
down €2,280 (-25.6%), from €8,901 to €6,622
- Gross operating margin -€34,271
down €34,271 (-60.6%), from €56,526 to €22,255
- Depreciation -€7,261
down €7,261 (-31.7%), from €22,930 to €15,668
- Financial charges -€6,593
down €6,593 (-49.3%), from €13,369 to €6,776
- Other operating charges -€2,180
down €2,180 (-46.2%), from €4,719 to €2,540
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,085 | €189,978 | -€17,107 | -8.3% |
| Fixed assets | 21/28 | €201,123 | €187,199 | -€13,925 | -6.9% |
| Intangible fixed assets | 21 | - | €1,000 | +€1,000 | |
| Tangible fixed assets | 22/27 | €201,123 | €186,199 | -€14,924 | -7.4% |
| Land and buildings | 22 | €113,495 | €106,627 | -€6,867 | -6.1% |
| Plant, machinery and equipment | 23 | €11,315 | €8,177 | -€3,138 | -27.7% |
| Other tangible fixed assets | 26 | €76,314 | €71,395 | -€4,919 | -6.4% |
| Current assets | 29/58 | €5,961 | €2,779 | -€3,182 | -53.4% |
| Stocks and contracts in progress | 3 | €478 | €362 | -€116 | -24.3% |
| Stocks | 30/36 | €478 | €362 | -€116 | -24.3% |
| Amounts receivable within one year | 40/41 | €1,206 | €612 | -€594 | -49.2% |
| Other amounts receivable | 41 | €1,206 | €612 | -€594 | -49.2% |
| Cash at bank and in hand | 54/58 | €3,624 | €1,441 | -€2,184 | -60.2% |
| Deferred charges and accrued income | 490/1 | €652 | €364 | -€288 | -44.2% |
| Total equity and liabilities | 10/49 | €207,085 | €189,978 | -€17,107 | -8.3% |
| Equity | 10/15 | -€59,397 | -€62,126 | -€2,729 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,997 | -€80,726 | -€2,729 | -3.5% |
| Amounts payable | 17/49 | €266,481 | €252,104 | -€14,377 | -5.4% |
| Amounts payable after more than one year | 17 | €89,117 | €58,322 | -€30,795 | -34.6% |
| Financial debts | 170/4 | €89,117 | €58,322 | -€30,795 | -34.6% |
| Amounts payable within one year | 42/48 | €177,309 | €188,956 | +€11,647 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €29,080 | €30,795 | +€1,715 | +5.9% |
| Trade debts | 44 | €8,901 | €6,622 | -€2,280 | -25.6% |
| Suppliers | 440/4 | €8,901 | €6,622 | -€2,280 | -25.6% |
| Taxes, remuneration and social security | 45 | €935 | €651 | -€284 | -30.4% |
| Taxes | 450/3 | €935 | €651 | -€284 | -30.4% |
| Other amounts payable | 47/48 | €138,393 | €150,888 | +€12,496 | +9.0% |
| Accrued charges and deferred income | 492/3 | €56 | €4,826 | +€4,771 | +8,571% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,930 | €15,668 | -€7,261 | -31.7% |
| Other operating charges | 640/8 | €4,719 | €2,540 | -€2,180 | -46.2% |
| Gross operating margin | 9900 | €56,526 | €22,255 | -€34,271 | -60.6% |
| Operating profit (loss) | 9901 | €28,877 | €4,047 | -€24,830 | -86.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €13,369 | €6,776 | -€6,593 | -49.3% |
| Recurring financial charges | 65 | €13,369 | €6,776 | -€6,593 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €15,507 | -€2,729 | -€18,237 | |
| Profit (loss) for the period | 9904 | €15,507 | -€2,729 | -€18,237 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,507 | -€2,729 | -€18,237 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.