Sauna ZENsation: 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.
Sauna ZENsation
Largest movements
- Tangible fixed assets +€473,131
up €473,131 (+40.5%), from €1.2m to €1.6m
of which Land and buildings: +€478,595
- Cash -€49,814
down €49,814 (-45.9%), from €108,440 to €58,626
mainly Investment in fixed assets (net) (-€688,391) and Net result for the year (-€120,700)
- Stocks and contracts -€30,214
down €30,214 (-37.0%), from €81,648 to €51,435
- Other debts +€335,747
up €335,747 (+266%), from €125,985 to €461,731
- Debts after one year +€164,574
up €164,574 (+23.9%), from €688,809 to €853,383
- Profit (loss) carried forward -€120,700
down €120,700 (-29.9%), from -€403,242 to -€523,942
- Current portion of long-term debt +€24,477
up €24,477 (+20.4%), from €119,749 to €144,226
- Short-term financial debts -€24,363
down €24,363 (-31.5%), from €77,343 to €52,980
of which Credit institutions: -€23,600
- Gross operating margin -€80,625
down €80,625 (-14.8%), from €544,183 to €463,558
- Depreciation +€21,207
up €21,207 (+10.9%), from €194,053 to €215,260
- Staff costs -€16,066
down €16,066 (-4.9%), from €328,754 to €312,689
- Financial charges +€13,126
up €13,126 (+39.7%), from €33,025 to €46,151
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 | €1,368,011 | €1,759,854 | +€391,843 | +28.6% |
| Fixed assets | 21/28 | €1,171,620 | €1,644,751 | +€473,131 | +40.4% |
| Tangible fixed assets | 22/27 | €1,169,370 | €1,642,501 | +€473,131 | +40.5% |
| Land and buildings | 22 | €1,141,111 | €1,619,706 | +€478,595 | +41.9% |
| Plant, machinery and equipment | 23 | €27,427 | €20,983 | -€6,444 | -23.5% |
| Furniture and vehicles | 24 | €832 | €1,813 | +€980 | +118% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €196,391 | €115,102 | -€81,289 | -41.4% |
| Stocks and contracts in progress | 3 | €81,648 | €51,435 | -€30,214 | -37.0% |
| Stocks | 30/36 | €81,648 | €51,435 | -€30,214 | -37.0% |
| Amounts receivable within one year | 40/41 | €920 | €375 | -€545 | -59.2% |
| Trade receivables | 40 | €920 | €375 | -€545 | -59.2% |
| Cash at bank and in hand | 54/58 | €108,440 | €58,626 | -€49,814 | -45.9% |
| Deferred charges and accrued income | 490/1 | €5,383 | €4,666 | -€717 | -13.3% |
| Total equity and liabilities | 10/49 | €1,368,011 | €1,759,854 | +€391,843 | +28.6% |
| Equity | 10/15 | €248,710 | €128,011 | -€120,700 | -48.5% |
| Contributions | 10/11 | €622,000 | €622,000 | = | 0.0% |
| Capital | 10 | €622,000 | €622,000 | = | 0.0% |
| Issued capital | 100 | €622,000 | €622,000 | = | 0.0% |
| Reserves | 13 | €29,952 | €29,952 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,952 | €29,952 | = | 0.0% |
| Legal reserve | 130 | €29,952 | €29,952 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€403,242 | -€523,942 | -€120,700 | -29.9% |
| Amounts payable | 17/49 | €1,119,301 | €1,631,843 | +€512,542 | +45.8% |
| Amounts payable after more than one year | 17 | €688,809 | €853,383 | +€164,574 | +23.9% |
| Financial debts | 170/4 | €688,809 | €853,383 | +€164,574 | +23.9% |
| Amounts payable within one year | 42/48 | €430,492 | €778,460 | +€347,969 | +80.8% |
| Current portion of amounts payable after more than one year | 42 | €119,749 | €144,226 | +€24,477 | +20.4% |
| Financial debts | 43 | €77,343 | €52,980 | -€24,363 | -31.5% |
| Credit institutions | 430/8 | €73,600 | €50,000 | -€23,600 | -32.1% |
| Other loans | 439 | €3,743 | €2,980 | -€763 | -20.4% |
| Trade debts | 44 | €53,273 | €45,981 | -€7,292 | -13.7% |
| Suppliers | 440/4 | €53,273 | €45,981 | -€7,292 | -13.7% |
| Taxes, remuneration and social security | 45 | €54,142 | €73,542 | +€19,400 | +35.8% |
| Taxes | 450/3 | €5,027 | €9,176 | +€4,149 | +82.5% |
| Remuneration and social security | 454/9 | €49,115 | €64,366 | +€15,251 | +31.1% |
| Other amounts payable | 47/48 | €125,985 | €461,731 | +€335,747 | +266% |
| Remuneration, social security and pensions | 62 | €328,754 | €312,689 | -€16,066 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194,053 | €215,260 | +€21,207 | +10.9% |
| Other operating charges | 640/8 | €9,505 | €10,031 | +€526 | +5.5% |
| Gross operating margin | 9900 | €544,183 | €463,558 | -€80,625 | -14.8% |
| Operating profit (loss) | 9901 | €11,871 | -€74,421 | -€86,292 | |
| Financial income | 75/76B | €0 | €130 | +€129 | +117,718% |
| Recurring financial income | 75 | €0 | €130 | +€129 | +117,718% |
| Financial charges | 65/66B | €33,025 | €46,151 | +€13,126 | +39.7% |
| Recurring financial charges | 65 | €33,025 | €46,151 | +€13,126 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | -€21,154 | -€120,443 | -€99,288 | -469% |
| Income taxes | 67/77 | €268 | €257 | -€10 | -3.9% |
| Profit (loss) for the period | 9904 | -€21,422 | -€120,700 | -€99,278 | -463% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,422 | -€120,700 | -€99,278 | -463% |
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 31 October 2026 via checked.be.