SAYCOM: 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.
SAYCOM
Largest movements
- Receivables within one year -€668,566
down €668,566 (-35.5%), from €1.9m to €1.2m
of which Trade receivables: -€427,758
- Cash +€571,477
up €571,477 (+280.9%), from €203,420 to €774,897
mainly Net result for the year (+€763,291) and Receivables within one year (+€668,566)
- Reserves +€763,291
up €763,291 (+98.7%), from €773,016 to €1.5m
of which Distributable reserves: +€757,091
- Other debts -€636,900
down €636,900 (-100.0%), from €636,900 to €0
- Debts after one year -€581,908
down €581,908 (-30.3%), from €1.9m to €1.3m
- Advances received +€402,136
up €402,136 (+64.0%), from €628,536 to €1.0m
- Trade debts -€293,239
down €293,239 (-13.4%), from €2.2m to €1.9m
- Financial charges -€1.9m
down €1.9m (-96.0%), from €2.0m to €79,267
of which Non-recurring financial charges: -€1.9m
- Gross operating margin +€828,434
up €828,434 (+32.5%), from €2.6m to €3.4m
- Staff costs +€241,573
up €241,573 (+12.7%), from €1.9m to €2.1m
- Taxes +€169,501
up €169,501 (+151.6%), from €111,827 to €281,328
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
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 | €7,091,830 | €6,930,803 | -€161,027 | -2.3% |
| Fixed assets | 21/28 | €4,810,292 | €4,760,938 | -€49,354 | -1.0% |
| Tangible fixed assets | 22/27 | €400,307 | €355,803 | -€44,504 | -11.1% |
| Land and buildings | 22 | €82,539 | €82,013 | -€526 | -0.6% |
| Plant, machinery and equipment | 23 | €134,250 | €122,217 | -€12,032 | -9.0% |
| Furniture and vehicles | 24 | €141,017 | €120,949 | -€20,068 | -14.2% |
| Leasing and similar rights | 25 | €42,501 | €30,623 | -€11,878 | -27.9% |
| Financial fixed assets | 28 | €4,409,985 | €4,405,135 | -€4,850 | -0.1% |
| Current assets | 29/58 | €2,281,538 | €2,169,864 | -€111,673 | -4.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €179,780 | €170,255 | -€9,525 | -5.3% |
| Stocks | 30/36 | €179,780 | €170,255 | -€9,525 | -5.3% |
| Amounts receivable within one year | 40/41 | €1,884,193 | €1,215,627 | -€668,566 | -35.5% |
| Trade receivables | 40 | €1,542,254 | €1,114,496 | -€427,758 | -27.7% |
| Other amounts receivable | 41 | €341,939 | €101,131 | -€240,808 | -70.4% |
| Cash at bank and in hand | 54/58 | €203,420 | €774,897 | +€571,477 | +280.9% |
| Deferred charges and accrued income | 490/1 | €14,144 | €9,085 | -€5,059 | -35.8% |
| Total equity and liabilities | 10/49 | €7,091,830 | €6,930,803 | -€161,027 | -2.3% |
| Equity | 10/15 | €897,016 | €1,660,306 | +€763,291 | +85.1% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €773,016 | €1,536,306 | +€763,291 | +98.7% |
| Non-distributable reserves | 130/1 | €23,553 | €29,753 | +€6,200 | +26.3% |
| Legal reserve | 130 | €6,200 | €12,400 | +€6,200 | +100.0% |
| Reserves not available under the articles | 1311 | €17,353 | €17,353 | = | 0.0% |
| Distributable reserves | 133 | €749,463 | €1,506,554 | +€757,091 | +101.0% |
| Amounts payable | 17/49 | €6,194,814 | €5,270,496 | -€924,318 | -14.9% |
| Amounts payable after more than one year | 17 | €1,919,339 | €1,337,431 | -€581,908 | -30.3% |
| Financial debts | 170/4 | €1,919,339 | €1,337,431 | -€581,908 | -30.3% |
| Amounts payable within one year | 42/48 | €4,264,462 | €3,921,065 | -€343,397 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €616,596 | €622,108 | +€5,512 | +0.9% |
| Trade debts | 44 | €2,187,376 | €1,894,138 | -€293,239 | -13.4% |
| Suppliers | 440/4 | €2,187,376 | €1,894,138 | -€293,239 | -13.4% |
| Advances received on contracts in progress | 46 | €628,536 | €1,030,672 | +€402,136 | +64.0% |
| Taxes, remuneration and social security | 45 | €195,053 | €374,147 | +€179,094 | +91.8% |
| Taxes | 450/3 | €42,221 | €101,123 | +€58,902 | +139.5% |
| Remuneration and social security | 454/9 | €152,832 | €273,025 | +€120,192 | +78.6% |
| Other amounts payable | 47/48 | €636,900 | €0 | -€636,900 | -100.0% |
| Accrued charges and deferred income | 492/3 | €11,013 | €12,000 | +€987 | +9.0% |
| Non-recurring operating income | 76A | €24,000 | €0 | -€24,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,897,412 | €2,138,985 | +€241,573 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,387 | €81,869 | -€10,518 | -11.4% |
| Other operating charges | 640/8 | €28,020 | €37,137 | +€9,116 | +32.5% |
| Gross operating margin | 9900 | €2,552,903 | €3,381,338 | +€828,434 | +32.5% |
| Operating profit (loss) | 9901 | €535,084 | €1,123,347 | +€588,263 | +109.9% |
| Financial income | 75/76B | €6,611 | €538 | -€6,073 | -91.9% |
| Recurring financial income | 75 | €6,611 | €538 | -€6,073 | -91.9% |
| Financial charges | 65/66B | €1,969,138 | €79,267 | -€1.9m | -96.0% |
| Recurring financial charges | 65 | €98,665 | €79,267 | -€19,398 | -19.7% |
| Non-recurring financial charges | 66B | €1,870,472 | €0 | -€1.9m | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,427,443 | €1,044,618 | +€2.5m | |
| Income taxes | 67/77 | €111,827 | €281,328 | +€169,501 | +151.6% |
| Profit (loss) for the period | 9904 | -€1,539,269 | €763,291 | +€2.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,539,269 | €763,291 | +€2.3m |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.