SAUNAMANIA: 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.
SAUNAMANIA
Largest movements
- Stocks and contracts +€37,286
up €37,286 (+8.4%), from €442,850 to €480,136
- Cash -€26,109
down €26,109 (-10.3%), from €252,616 to €226,506
mainly Contributions, distributions and other (-€125,000) and Stocks and contracts (-€37,286)
- Other debts +€132,155
up €132,155 (+670%), from €19,711 to €151,865
- Reserves -€113,082
down €113,082 (-51.5%), from €219,443 to €106,361
- Tax, wage and social debts -€17,454
down €17,454 (-63.5%), from €27,487 to €10,032
of which Taxes: -€15,754
- Gross operating margin -€36,830
down €36,830 (-69.9%), from €52,676 to €15,846
- Taxes -€12,154
down €12,154 (-71.9%), from €16,913 to €4,759
- Financial income +€1,886
up €1,886 (+55.3%), from €3,412 to €5,298
- Financial charges +€550
up €550 (+50.0%), from €1,098 to €1,648
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 | €700,354 | €710,444 | +€10,089 | +1.4% |
| Fixed assets | 21/28 | €4,468 | €2,168 | -€2,300 | -51.5% |
| Tangible fixed assets | 22/27 | €4,468 | €2,168 | -€2,300 | -51.5% |
| Plant, machinery and equipment | 23 | €4,468 | €2,168 | -€2,300 | -51.5% |
| Current assets | 29/58 | €695,886 | €708,276 | +€12,390 | +1.8% |
| Stocks and contracts in progress | 3 | €442,850 | €480,136 | +€37,286 | +8.4% |
| Stocks | 30/36 | €442,850 | €480,136 | +€37,286 | +8.4% |
| Amounts receivable within one year | 40/41 | - | €574 | +€574 | |
| Trade receivables | 40 | - | €574 | +€574 | |
| Cash at bank and in hand | 54/58 | €252,616 | €226,506 | -€26,109 | -10.3% |
| Deferred charges and accrued income | 490/1 | €421 | €1,060 | +€639 | +152% |
| Total equity and liabilities | 10/49 | €700,354 | €710,444 | +€10,089 | +1.4% |
| Equity | 10/15 | €282,889 | €169,807 | -€113,082 | -40.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €219,443 | €106,361 | -€113,082 | -51.5% |
| Distributable reserves | 133 | €219,443 | €106,361 | -€113,082 | -51.5% |
| Profit (loss) carried forward | 14 | €43,446 | €43,446 | = | 0.0% |
| Amounts payable | 17/49 | €417,466 | €540,637 | +€123,171 | +29.5% |
| Amounts payable within one year | 42/48 | €417,466 | €539,137 | +€121,671 | +29.1% |
| Trade debts | 44 | €370,268 | €377,239 | +€6,971 | +1.9% |
| Suppliers | 440/4 | €370,268 | €377,239 | +€6,971 | +1.9% |
| Taxes, remuneration and social security | 45 | €27,487 | €10,032 | -€17,454 | -63.5% |
| Taxes | 450/3 | €24,387 | €8,632 | -€15,754 | -64.6% |
| Remuneration and social security | 454/9 | €3,100 | €1,400 | -€1,700 | -54.8% |
| Other amounts payable | 47/48 | €19,711 | €151,865 | +€132,155 | +670% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,300 | €2,300 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €52,676 | €15,846 | -€36,830 | -69.9% |
| Operating profit (loss) | 9901 | €49,871 | €13,027 | -€36,844 | -73.9% |
| Financial income | 75/76B | €3,412 | €5,298 | +€1,886 | +55.3% |
| Recurring financial income | 75 | €3,412 | €5,298 | +€1,886 | +55.3% |
| Financial charges | 65/66B | €1,098 | €1,648 | +€550 | +50.0% |
| Recurring financial charges | 65 | €1,098 | €1,648 | +€550 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | €52,185 | €16,677 | -€35,508 | -68.0% |
| Income taxes | 67/77 | €16,913 | €4,759 | -€12,154 | -71.9% |
| Profit (loss) for the period | 9904 | €35,272 | €11,918 | -€23,354 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,272 | €11,918 | -€23,354 | -66.2% |
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 24 October 2026 via checked.be.