Saunaco: 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.
Saunaco
Largest movements
- Cash +€550,544
up €550,544 (+19.1%), from €2.9m to €3.4m
mainly Net result for the year (+€345,852) and Stocks and contracts (+€154,534)
- Stocks and contracts -€154,534
down €154,534 (-21.4%), from €721,334 to €566,800
- Receivables within one year -€85,919
down €85,919 (-28.0%), from €306,636 to €220,717
of which Trade receivables: -€85,919
- Tangible fixed assets +€48,722
up €48,722 (+14.8%), from €328,950 to €377,672
of which Furniture and vehicles: +€41,081
- Reserves +€345,852
up €345,852 (+20.5%), from €1.7m to €2.0m
of which Distributable reserves: +€348,970
- Write-downs +€140,000
no longer reported in 2025 (was -€140,000)
- Staff costs -€67,943
down €67,943 (-6.1%), from €1.1m to €1.0m
- Taxes -€53,170
down €53,170 (-30.5%), from €174,377 to €121,207
- Gross operating margin -€49,976
down €49,976 (-2.9%), from €1.7m to €1.7m
- Financial income -€34,756
down €34,756 (-30.8%), from €112,767 to €78,011
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.
Cash bridge derived
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 | €4,284,169 | €4,639,499 | +€355,329 | +8.3% |
| Fixed assets | 21/28 | €328,950 | €377,672 | +€48,722 | +14.8% |
| Tangible fixed assets | 22/27 | €328,950 | €377,672 | +€48,722 | +14.8% |
| Land and buildings | 22 | €188,049 | €202,557 | +€14,508 | +7.7% |
| Plant, machinery and equipment | 23 | €24,815 | €17,948 | -€6,867 | -27.7% |
| Furniture and vehicles | 24 | €116,086 | €157,167 | +€41,081 | +35.4% |
| Current assets | 29/58 | €3,955,220 | €4,261,827 | +€306,607 | +7.8% |
| Stocks and contracts in progress | 3 | €721,334 | €566,800 | -€154,534 | -21.4% |
| Stocks | 30/36 | €721,334 | €566,800 | -€154,534 | -21.4% |
| Amounts receivable within one year | 40/41 | €306,636 | €220,717 | -€85,919 | -28.0% |
| Trade receivables | 40 | €306,036 | €220,117 | -€85,919 | -28.1% |
| Other amounts receivable | 41 | €600 | €600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,883,982 | €3,434,527 | +€550,544 | +19.1% |
| Deferred charges and accrued income | 490/1 | €43,267 | €39,783 | -€3,484 | -8.1% |
| Total equity and liabilities | 10/49 | €4,284,169 | €4,639,499 | +€355,329 | +8.3% |
| Equity | 10/15 | €2,261,073 | €2,606,925 | +€345,852 | +15.3% |
| Contributions | 10/11 | €577,592 | €577,592 | = | 0.0% |
| Capital | 10 | €577,592 | €577,592 | = | 0.0% |
| Issued capital | 100 | €577,592 | €577,592 | = | 0.0% |
| Reserves | 13 | €1,683,481 | €2,029,333 | +€345,852 | +20.5% |
| Non-distributable reserves | 130/1 | €66,448 | €66,448 | = | 0.0% |
| Legal reserve | 130 | €66,448 | €66,448 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,786 | €54,668 | -€3,118 | -5.4% |
| Distributable reserves | 133 | €1,559,247 | €1,908,217 | +€348,970 | +22.4% |
| Provisions and deferred taxes | 16 | €4,537 | €3,497 | -€1,039 | -22.9% |
| Deferred taxes | 168 | €4,537 | €3,497 | -€1,039 | -22.9% |
| Amounts payable | 17/49 | €2,018,560 | €2,029,076 | +€10,516 | +0.5% |
| Amounts payable within one year | 42/48 | €2,000,019 | €2,015,328 | +€15,309 | +0.8% |
| Trade debts | 44 | €133,374 | €143,820 | +€10,446 | +7.8% |
| Suppliers | 440/4 | €133,374 | €143,820 | +€10,446 | +7.8% |
| Taxes, remuneration and social security | 45 | €188,997 | €187,780 | -€1,217 | -0.6% |
| Taxes | 450/3 | €18,838 | €53,547 | +€34,709 | +184.2% |
| Remuneration and social security | 454/9 | €170,159 | €134,233 | -€35,926 | -21.1% |
| Other amounts payable | 47/48 | €1,677,647 | €1,683,728 | +€6,081 | +0.4% |
| Accrued charges and deferred income | 492/3 | €18,541 | €13,748 | -€4,793 | -25.9% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €1,105,902 | €1,037,958 | -€67,943 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,649 | €57,936 | +€14,287 | +32.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€140,000 | - | +€140,000 | |
| Other operating charges | 640/8 | €64,119 | €66,004 | +€1,885 | +2.9% |
| Gross operating margin | 9900 | €1,740,132 | €1,690,156 | -€49,976 | -2.9% |
| Operating profit (loss) | 9901 | €666,462 | €528,257 | -€138,205 | -20.7% |
| Financial income | 75/76B | €112,767 | €78,011 | -€34,756 | -30.8% |
| Recurring financial income | 75 | €112,767 | €78,011 | -€34,756 | -30.8% |
| Financial charges | 65/66B | €122,807 | €140,248 | +€17,441 | +14.2% |
| Recurring financial charges | 65 | €122,807 | €140,248 | +€17,441 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €656,422 | €466,020 | -€190,402 | -29.0% |
| Transfer from deferred taxes | 780 | €1,039 | €1,039 | = | 0.0% |
| Income taxes | 67/77 | €174,377 | €121,207 | -€53,170 | -30.5% |
| Profit (loss) for the period | 9904 | €483,084 | €345,852 | -€137,232 | -28.4% |
| Transfer from tax-exempt reserves | 789 | €3,118 | €3,118 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €486,202 | €348,970 | -€137,232 | -28.2% |
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 12 October 2026 via checked.be.