Saxo'Bar: 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.
Saxo'Bar
Largest movements
- Tangible fixed assets -€17,984
down €17,984 (-13.1%), from €137,648 to €119,664
- Cash -€1,552
down €1,552 (-20.4%), from €7,618 to €6,066
mainly Debts after one year (-€12,475) and Net result for the year (-€6,837)
- Debts after one year -€12,475
down €12,475 (-15.5%), from €80,475 to €68,000
- Profit (loss) carried forward -€6,837
down €6,837 (-2.7%), from -€250,110 to -€256,947
- Gross operating margin +€4,313
up €4,313 (+38.1%), from €11,327 to €15,640
- Depreciation -€2,651
down €2,651 (-12.8%), from €20,635 to €17,984
- Financial charges -€318
down €318 (-13.3%), from €2,398 to €2,080
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 | €147,921 | €128,890 | -€19,031 | -12.9% |
| Fixed assets | 21/28 | €140,303 | €122,319 | -€17,984 | -12.8% |
| Tangible fixed assets | 22/27 | €137,648 | €119,664 | -€17,984 | -13.1% |
| Land and buildings | 22 | €137,648 | €119,664 | -€17,984 | -13.1% |
| Financial fixed assets | 28 | €2,655 | €2,655 | = | 0.0% |
| Current assets | 29/58 | €7,618 | €6,571 | -€1,047 | -13.7% |
| Amounts receivable within one year | 40/41 | - | €505 | +€505 | |
| Other amounts receivable | 41 | - | €505 | +€505 | |
| Cash at bank and in hand | 54/58 | €7,618 | €6,066 | -€1,552 | -20.4% |
| Total equity and liabilities | 10/49 | €147,921 | €128,890 | -€19,031 | -12.9% |
| Equity | 10/15 | -€230,110 | -€236,947 | -€6,837 | -3.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€250,110 | -€256,947 | -€6,837 | -2.7% |
| Amounts payable | 17/49 | €378,031 | €365,837 | -€12,194 | -3.2% |
| Amounts payable after more than one year | 17 | €80,475 | €68,000 | -€12,475 | -15.5% |
| Financial debts | 170/4 | €80,475 | €68,000 | -€12,475 | -15.5% |
| Amounts payable within one year | 42/48 | €297,556 | €297,837 | +€281 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €12,194 | €12,475 | +€281 | +2.3% |
| Other amounts payable | 47/48 | €285,362 | €285,362 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,635 | €17,984 | -€2,651 | -12.8% |
| Other operating charges | 640/8 | €2,340 | €2,413 | +€73 | +3.1% |
| Gross operating margin | 9900 | €11,327 | €15,640 | +€4,313 | +38.1% |
| Operating profit (loss) | 9901 | -€11,648 | -€4,757 | +€6,891 | +59.2% |
| Financial charges | 65/66B | €2,398 | €2,080 | -€318 | -13.3% |
| Recurring financial charges | 65 | €2,398 | €2,080 | -€318 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,046 | -€6,837 | +€7,209 | +51.3% |
| Profit (loss) for the period | 9904 | -€14,046 | -€6,837 | +€7,209 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,046 | -€6,837 | +€7,209 | +51.3% |
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 27 October 2026 via checked.be.