SAUNATE: what changed
Two fiscal 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.
SAUNATE
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€133,795
up €133,795 (+72.5%), from €184,456 to €318,252
- Debts after one year -€94,065
down €94,065 (-42.2%), from €222,932 to €128,867
- Other debts -€40,205
down €40,205 (-11.6%), from €347,569 to €307,363
- Accrued charges and deferred income +€20,067
new in 2025: €20,067
- Gross operating margin +€254,729
up €254,729 (+78.0%), from €326,778 to €581,507
- Staff costs +€162,428
up €162,428 (+101.5%), from €159,985 to €322,413
- Taxes +€20,690
up €20,690 (+44.3%), from €46,701 to €67,391
- Depreciation +€14,451
up €14,451 (+62.2%), from €23,226 to €37,677
- Financial charges +€7,122
up €7,122 (+117.7%), from €6,049 to €13,171
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,071,127 | €1,095,497 | +€24,370 | +2.3% |
| Fixed assets | 21/28 | €951,565 | €957,330 | +€5,765 | +0.6% |
| Tangible fixed assets | 22/27 | €51,090 | €56,855 | +€5,765 | +11.3% |
| Plant, machinery and equipment | 23 | €14,244 | €23,041 | +€8,796 | +61.8% |
| Furniture and vehicles | 24 | €29,439 | €16,144 | -€13,294 | -45.2% |
| Other tangible fixed assets | 26 | €7,407 | €17,670 | +€10,263 | +138.6% |
| Financial fixed assets | 28 | €900,475 | €900,475 | = | 0.0% |
| Current assets | 29/58 | €119,561 | €138,166 | +€18,605 | +15.6% |
| Amounts receivable within one year | 40/41 | €8,493 | €17,159 | +€8,665 | +102.0% |
| Trade receivables | 40 | €7,765 | €17,159 | +€9,394 | +121.0% |
| Other amounts receivable | 41 | €728 | €0 | -€728 | -100.0% |
| Cash at bank and in hand | 54/58 | €111,068 | €115,015 | +€3,946 | +3.6% |
| Deferred charges and accrued income | 490/1 | - | €5,993 | +€5,993 | |
| Total equity and liabilities | 10/49 | €1,071,127 | €1,095,497 | +€24,370 | +2.3% |
| Equity | 10/15 | €354,824 | €488,619 | +€133,795 | +37.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €184,456 | €318,252 | +€133,795 | +72.5% |
| Distributable reserves | 133 | €184,456 | €318,252 | +€133,795 | +72.5% |
| Profit (loss) carried forward | 14 | €151,768 | €151,768 | = | 0.0% |
| Amounts payable | 17/49 | €716,303 | €606,877 | -€109,425 | -15.3% |
| Amounts payable after more than one year | 17 | €222,932 | €128,867 | -€94,065 | -42.2% |
| Financial debts | 170/4 | €222,932 | €128,867 | -€94,065 | -42.2% |
| Amounts payable within one year | 42/48 | €493,371 | €457,943 | -€35,427 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €61,507 | €62,953 | +€1,445 | +2.3% |
| Trade debts | 44 | €46,016 | €51,027 | +€5,010 | +10.9% |
| Suppliers | 440/4 | €46,016 | €51,027 | +€5,010 | +10.9% |
| Advances received on contracts in progress | 46 | - | €3,880 | +€3,880 | |
| Taxes, remuneration and social security | 45 | €38,278 | €32,721 | -€5,557 | -14.5% |
| Taxes | 450/3 | €24,515 | €7,125 | -€17,389 | -70.9% |
| Remuneration and social security | 454/9 | €13,763 | €25,596 | +€11,832 | +86.0% |
| Other amounts payable | 47/48 | €347,569 | €307,363 | -€40,205 | -11.6% |
| Accrued charges and deferred income | 492/3 | - | €20,067 | +€20,067 | |
| Non-recurring operating income | 76A | - | €10,442 | +€10,442 | |
| Remuneration, social security and pensions | 62 | €159,985 | €322,413 | +€162,428 | +101.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,226 | €37,677 | +€14,451 | +62.2% |
| Other operating charges | 640/8 | €5,267 | €5,006 | -€261 | -4.9% |
| Non-recurring operating charges | 66A | - | €2,355 | +€2,355 | |
| Gross operating margin | 9900 | €326,778 | €581,507 | +€254,729 | +78.0% |
| Operating profit (loss) | 9901 | €138,300 | €214,056 | +€75,756 | +54.8% |
| Financial income | 75/76B | €2,535 | €302 | -€2,234 | -88.1% |
| Recurring financial income | 75 | €2,535 | €302 | -€2,234 | -88.1% |
| Financial charges | 65/66B | €6,049 | €13,171 | +€7,122 | +117.7% |
| Recurring financial charges | 65 | €6,049 | €13,171 | +€7,122 | +117.7% |
| Profit (loss) for the period before taxes | 9903 | €134,786 | €201,186 | +€66,400 | +49.3% |
| Income taxes | 67/77 | €46,701 | €67,391 | +€20,690 | +44.3% |
| Profit (loss) for the period | 9904 | €88,086 | €133,795 | +€45,710 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €88,086 | €133,795 | +€45,710 | +51.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.