SAXUM: 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.
SAXUM
Largest movements
- Tangible fixed assets -€10,843
down €10,843 (-23.3%), from €46,554 to €35,711
of which Land and buildings: -€8,324
- Receivables within one year -€7,589
down €7,589 (-66.8%), from €11,368 to €3,780
of which Trade receivables: -€7,572
- Debts after one year -€11,242
down €11,242 (-31.3%), from €35,885 to €24,643
- Advances received -€9,284
down €9,284 (-100%), from €9,284 to €0
- Profit (loss) carried forward +€8,741
up €8,741 (+11.7%), from -€74,395 to -€65,654
- Trade debts -€8,212
down €8,212 (-74.5%), from €11,028 to €2,816
- Other debts +€1,518
up €1,518 (+2.9%), from €52,018 to €53,536
- Gross operating margin +€7,038
up €7,038 (+45.6%), from €15,425 to €22,463
- Financial charges -€4,592
down €4,592 (-90.9%), from €5,055 to €462
- Other operating charges +€379
up €379 (+16.3%), from €2,328 to €2,707
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 | €61,208 | €41,808 | -€19,400 | -31.7% |
| Fixed assets | 21/28 | €46,554 | €35,711 | -€10,843 | -23.3% |
| Tangible fixed assets | 22/27 | €46,554 | €35,711 | -€10,843 | -23.3% |
| Land and buildings | 22 | €37,608 | €29,284 | -€8,324 | -22.1% |
| Plant, machinery and equipment | 23 | €360 | €180 | -€180 | -50.0% |
| Furniture and vehicles | 24 | €3,533 | €1,745 | -€1,788 | -50.6% |
| Other tangible fixed assets | 26 | €5,053 | €4,502 | -€551 | -10.9% |
| Current assets | 29/58 | €14,654 | €6,097 | -€8,557 | -58.4% |
| Amounts receivable within one year | 40/41 | €11,368 | €3,780 | -€7,589 | -66.8% |
| Trade receivables | 40 | €11,351 | €3,780 | -€7,572 | -66.7% |
| Other amounts receivable | 41 | €17 | €0 | -€17 | -100% |
| Cash at bank and in hand | 54/58 | €1,973 | €1,428 | -€545 | -27.6% |
| Deferred charges and accrued income | 490/1 | €1,312 | €889 | -€423 | -32.3% |
| Total equity and liabilities | 10/49 | €61,208 | €41,808 | -€19,400 | -31.7% |
| Equity | 10/15 | -€60,135 | -€51,394 | +€8,741 | +14.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,395 | -€65,654 | +€8,741 | +11.7% |
| Amounts payable | 17/49 | €121,342 | €93,201 | -€28,141 | -23.2% |
| Amounts payable after more than one year | 17 | €35,885 | €24,643 | -€11,242 | -31.3% |
| Financial debts | 170/4 | €35,885 | €24,643 | -€11,242 | -31.3% |
| Amounts payable within one year | 42/48 | €84,118 | €67,219 | -€16,899 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €9,862 | €9,681 | -€181 | -1.8% |
| Trade debts | 44 | €11,028 | €2,816 | -€8,212 | -74.5% |
| Suppliers | 440/4 | €11,028 | €2,816 | -€8,212 | -74.5% |
| Advances received on contracts in progress | 46 | €9,284 | €0 | -€9,284 | -100% |
| Taxes, remuneration and social security | 45 | €1,926 | €1,185 | -€740 | -38.4% |
| Taxes | 450/3 | €1,926 | €1,185 | -€740 | -38.4% |
| Other amounts payable | 47/48 | €52,018 | €53,536 | +€1,518 | +2.9% |
| Accrued charges and deferred income | 492/3 | €1,340 | €1,340 | = | 0.0% |
| Non-recurring operating income | 76A | - | €124 | +€124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,448 | €10,552 | +€104 | +1.0% |
| Other operating charges | 640/8 | €2,328 | €2,707 | +€379 | +16.3% |
| Gross operating margin | 9900 | €15,425 | €22,463 | +€7,038 | +45.6% |
| Operating profit (loss) | 9901 | €2,649 | €9,203 | +€6,554 | +247% |
| Financial charges | 65/66B | €5,055 | €462 | -€4,592 | -90.9% |
| Recurring financial charges | 65 | €5,055 | €462 | -€4,592 | -90.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,406 | €8,741 | +€11,147 | |
| Income taxes | 67/77 | -€86 | €0 | +€86 | |
| Profit (loss) for the period | 9904 | -€2,319 | €8,741 | +€11,060 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,319 | €8,741 | +€11,060 |
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 17 October 2026 via checked.be.