SAY IT Labs: 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.
SAY IT Labs
Largest movements
- Intangible fixed assets +€86,564
up €86,564 (+14.3%), from €604,759 to €691,324
- Cash -€59,442
down €59,442 (-88.3%), from €67,340 to €7,898
mainly Investment in fixed assets (net) (-€274,699) and Net result for the year (-€116,603)
- Deferred charges and accrued income -€7,176
down €7,176 (-92.2%), from €7,786 to €610
- Debts after one year +€253,977
up €253,977 (+93.3%), from €272,135 to €526,113
- Profit (loss) carried forward -€116,603
down €116,603 (-27.0%), from -€432,386 to -€548,990
- Investment grants -€90,776
down €90,776 (-33.0%), from €275,039 to €184,264
- Other debts -€36,548
down €36,548 (-75.5%), from €48,423 to €11,874
- Current portion of long-term debt +€24,425
up €24,425 (+311%), from €7,865 to €32,290
- Depreciation +€44,699
up €44,699 (+31.0%), from €144,285 to €188,984
- Staff costs +€39,673
up €39,673 (+21.6%), from €183,516 to €223,189
- Financial income +€24,061
up €24,061 (+36.0%), from €66,744 to €90,805
- Gross operating margin +€18,210
up €18,210 (+9.6%), from €189,915 to €208,125
- Financial charges +€5,701
up €5,701 (+89.6%), from €6,361 to €12,062
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 | €684,534 | €701,754 | +€17,220 | +2.5% |
| Fixed assets | 21/28 | €606,820 | €692,535 | +€85,715 | +14.1% |
| Intangible fixed assets | 21 | €604,759 | €691,324 | +€86,564 | +14.3% |
| Tangible fixed assets | 22/27 | €2,060 | €1,211 | -€849 | -41.2% |
| Plant, machinery and equipment | 23 | €2,060 | €1,211 | -€849 | -41.2% |
| Current assets | 29/58 | €77,714 | €9,219 | -€68,495 | -88.1% |
| Amounts receivable within one year | 40/41 | €2,588 | €711 | -€1,877 | -72.5% |
| Trade receivables | 40 | €460 | €0 | -€460 | -100% |
| Other amounts receivable | 41 | €2,129 | €711 | -€1,417 | -66.6% |
| Cash at bank and in hand | 54/58 | €67,340 | €7,898 | -€59,442 | -88.3% |
| Deferred charges and accrued income | 490/1 | €7,786 | €610 | -€7,176 | -92.2% |
| Total equity and liabilities | 10/49 | €684,534 | €701,754 | +€17,220 | +2.5% |
| Equity | 10/15 | €300,653 | €93,274 | -€207,379 | -69.0% |
| Contributions | 10/11 | €458,000 | €458,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€432,386 | -€548,990 | -€116,603 | -27.0% |
| Investment grants | 15 | €275,039 | €184,264 | -€90,776 | -33.0% |
| Provisions and deferred taxes | 16 | €18,404 | €9,302 | -€9,102 | -49.5% |
| Deferred taxes | 168 | €18,404 | €9,302 | -€9,102 | -49.5% |
| Amounts payable | 17/49 | €365,477 | €599,178 | +€233,701 | +63.9% |
| Amounts payable after more than one year | 17 | €272,135 | €526,113 | +€253,977 | +93.3% |
| Financial debts | 170/4 | €272,135 | €526,113 | +€253,977 | +93.3% |
| Amounts payable within one year | 42/48 | €90,737 | €69,866 | -€20,871 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €7,865 | €32,290 | +€24,425 | +311% |
| Trade debts | 44 | €11,650 | €3,894 | -€7,756 | -66.6% |
| Suppliers | 440/4 | €11,650 | €3,894 | -€7,756 | -66.6% |
| Taxes, remuneration and social security | 45 | €22,799 | €21,807 | -€993 | -4.4% |
| Taxes | 450/3 | €1,089 | €0 | -€1,089 | -100% |
| Remuneration and social security | 454/9 | €21,710 | €21,807 | +€97 | +0.4% |
| Other amounts payable | 47/48 | €48,423 | €11,874 | -€36,548 | -75.5% |
| Accrued charges and deferred income | 492/3 | €2,605 | €3,200 | +€595 | +22.8% |
| Remuneration, social security and pensions | 62 | €183,516 | €223,189 | +€39,673 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,285 | €188,984 | +€44,699 | +31.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €189,915 | €208,125 | +€18,210 | +9.6% |
| Operating profit (loss) | 9901 | -€138,273 | -€204,448 | -€66,174 | -47.9% |
| Financial income | 75/76B | €66,744 | €90,805 | +€24,061 | +36.0% |
| Recurring financial income | 75 | €66,744 | €90,805 | +€24,061 | +36.0% |
| Financial charges | 65/66B | €6,361 | €12,062 | +€5,701 | +89.6% |
| Recurring financial charges | 65 | €6,361 | €12,062 | +€5,701 | +89.6% |
| Profit (loss) for the period before taxes | 9903 | -€77,890 | -€125,705 | -€47,815 | -61.4% |
| Transfer from deferred taxes | 780 | €9,102 | €9,102 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€68,789 | -€116,603 | -€47,815 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,789 | -€116,603 | -€47,815 | -69.5% |
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 30 October 2026 via checked.be.