Saunaconstruct: 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.
Saunaconstruct
Largest movements
- Tangible fixed assets -€390,836
no longer reported in 2025 (was €390,836)
of which Land and buildings: -€387,862
- Stocks and contracts -€15,943
down €15,943 (-94.1%), from €16,950 to €1,007
- Cash -€8,199
down €8,199 (-96.4%), from €8,505 to €306
mainly Debts after one year (-€528,924) and Trade debts (-€57,911)
- Debts after one year -€528,924
down €528,924 (-99.5%), from €531,420 to €2,496
- Other debts +€190,139
up €190,139 (+1,626%), from €11,693 to €201,831
- Trade debts -€57,911
down €57,911 (-54.2%), from €106,877 to €48,967
- Current portion of long-term debt -€22,088
down €22,088 (-79.2%), from €27,887 to €5,799
- Profit (loss) carried forward +€18,945
up €18,945 (+16.2%), from -€116,839 to -€97,894
- Gross operating margin -€91,646
down €91,646 (-71.1%), from €128,863 to €37,217
- Depreciation -€75,694
no longer reported in 2025 (was €75,694)
- Staff costs -€13,420
down €13,420, from €13,340 to -€80
- Financial charges -€9,211
down €9,211 (-32.5%), from €28,322 to €19,110
- Financial income +€4,877
up €4,877 (+657%), from €742 to €5,619
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 | €627,957 | €209,679 | -€418,277 | -66.6% |
| Fixed assets | 21/28 | €391,931 | - | -€391,931 | |
| Intangible fixed assets | 21 | €1,095 | - | -€1,095 | |
| Tangible fixed assets | 22/27 | €390,836 | - | -€390,836 | |
| Land and buildings | 22 | €387,862 | - | -€387,862 | |
| Plant, machinery and equipment | 23 | €2,747 | - | -€2,747 | |
| Furniture and vehicles | 24 | €227 | - | -€227 | |
| Current assets | 29/58 | €236,026 | €209,679 | -€26,346 | -11.2% |
| Stocks and contracts in progress | 3 | €16,950 | €1,007 | -€15,943 | -94.1% |
| Stocks | 30/36 | €16,950 | €1,007 | -€15,943 | -94.1% |
| Amounts receivable within one year | 40/41 | €209,404 | €207,950 | -€1,454 | -0.7% |
| Trade receivables | 40 | €208,831 | €207,925 | -€905 | -0.4% |
| Other amounts receivable | 41 | €573 | €24 | -€549 | -95.7% |
| Cash at bank and in hand | 54/58 | €8,505 | €306 | -€8,199 | -96.4% |
| Deferred charges and accrued income | 490/1 | €1,167 | €416 | -€751 | -64.3% |
| Total equity and liabilities | 10/49 | €627,957 | €209,679 | -€418,277 | -66.6% |
| Equity | 10/15 | -€69,182 | -€50,237 | +€18,945 | +27.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €27,197 | €27,197 | = | 0.0% |
| Distributable reserves | 133 | €27,197 | €27,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,839 | -€97,894 | +€18,945 | +16.2% |
| Amounts payable | 17/49 | €697,138 | €259,916 | -€437,223 | -62.7% |
| Amounts payable after more than one year | 17 | €531,420 | €2,496 | -€528,924 | -99.5% |
| Financial debts | 170/4 | €531,420 | €2,496 | -€528,924 | -99.5% |
| Amounts payable within one year | 42/48 | €162,825 | €257,419 | +€94,595 | +58.1% |
| Current portion of amounts payable after more than one year | 42 | €27,887 | €5,799 | -€22,088 | -79.2% |
| Trade debts | 44 | €106,877 | €48,967 | -€57,911 | -54.2% |
| Suppliers | 440/4 | €106,877 | €48,967 | -€57,911 | -54.2% |
| Advances received on contracts in progress | 46 | €6,927 | - | -€6,927 | |
| Taxes, remuneration and social security | 45 | €9,441 | €823 | -€8,618 | -91.3% |
| Taxes | 450/3 | €9,441 | €823 | -€8,618 | -91.3% |
| Other amounts payable | 47/48 | €11,693 | €201,831 | +€190,139 | +1,626% |
| Accrued charges and deferred income | 492/3 | €2,894 | €0 | -€2,894 | -100.0% |
| Remuneration, social security and pensions | 62 | €13,340 | -€80 | -€13,420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,694 | - | -€75,694 | |
| Other operating charges | 640/8 | €5,456 | €4,444 | -€1,011 | -18.5% |
| Gross operating margin | 9900 | €128,863 | €37,217 | -€91,646 | -71.1% |
| Operating profit (loss) | 9901 | €34,374 | €32,853 | -€1,520 | -4.4% |
| Financial income | 75/76B | €742 | €5,619 | +€4,877 | +657% |
| Recurring financial income | 75 | €742 | €5,619 | +€4,877 | +657% |
| Financial charges | 65/66B | €28,322 | €19,110 | -€9,211 | -32.5% |
| Recurring financial charges | 65 | €28,322 | €19,110 | -€9,211 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €6,794 | €19,362 | +€12,568 | +185% |
| Income taxes | 67/77 | €406 | €417 | +€10 | +2.5% |
| Profit (loss) for the period | 9904 | €6,387 | €18,945 | +€12,558 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €6,387 | €18,945 | +€12,558 | +197% |
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 1 November 2026 via checked.be.