SAYCOM HOLDING: 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.
SAYCOM HOLDING
Largest movements
- Receivables within one year -€283,249
down €283,249 (-45.5%), from €622,735 to €339,486
of which Trade receivables: -€311,523
- Debts after one year -€341,954
down €341,954 (-12.2%), from €2.8m to €2.5m
of which Financial debts: -€203,428
- Reserves +€67,598
up €67,598 (+2.5%), from €2.7m to €2.8m
- Gross operating margin -€127,817
down €127,817 (-38.3%), from €333,668 to €205,850
- Financial charges -€103,361
down €103,361 (-47.5%), from €217,515 to €114,153
- Taxes +€4,402
up €4,402 (+23.8%), from €18,499 to €22,902
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 | €6,651,435 | €6,333,257 | -€318,178 | -4.8% |
| Fixed assets | 21/28 | €5,965,000 | €5,965,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €5,965,000 | €5,965,000 | = | 0.0% |
| Current assets | 29/58 | €686,435 | €368,257 | -€318,178 | -46.4% |
| Amounts receivable within one year | 40/41 | €622,735 | €339,486 | -€283,249 | -45.5% |
| Trade receivables | 40 | €608,875 | €297,352 | -€311,523 | -51.2% |
| Other amounts receivable | 41 | €13,860 | €42,134 | +€28,274 | +204% |
| Cash at bank and in hand | 54/58 | €63,700 | €28,771 | -€34,929 | -54.8% |
| Total equity and liabilities | 10/49 | €6,651,435 | €6,333,257 | -€318,178 | -4.8% |
| Equity | 10/15 | €2,772,850 | €2,840,448 | +€67,598 | +2.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,742,850 | €2,810,448 | +€67,598 | +2.5% |
| Distributable reserves | 133 | €2,742,850 | €2,810,448 | +€67,598 | +2.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,878,585 | €3,492,809 | -€385,776 | -9.9% |
| Amounts payable after more than one year | 17 | €2,792,269 | €2,450,315 | -€341,954 | -12.2% |
| Financial debts | 170/4 | €1,177,219 | €973,790 | -€203,428 | -17.3% |
| Other amounts payable | 178/9 | €1,615,050 | €1,476,525 | -€138,525 | -8.6% |
| Amounts payable within one year | 42/48 | €1,086,316 | €1,042,494 | -€43,822 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €196,049 | €203,428 | +€7,380 | +3.8% |
| Trade debts | 44 | €26,620 | €486 | -€26,134 | -98.2% |
| Suppliers | 440/4 | €26,620 | €486 | -€26,134 | -98.2% |
| Taxes, remuneration and social security | 45 | €57,561 | €19,861 | -€37,699 | -65.5% |
| Taxes | 450/3 | €57,561 | €19,861 | -€37,699 | -65.5% |
| Other amounts payable | 47/48 | €806,087 | €818,719 | +€12,632 | +1.6% |
| Other operating charges | 640/8 | €1,462 | €1,197 | -€264 | -18.1% |
| Gross operating margin | 9900 | €333,668 | €205,850 | -€127,817 | -38.3% |
| Operating profit (loss) | 9901 | €332,206 | €204,653 | -€127,553 | -38.4% |
| Financial charges | 65/66B | €217,515 | €114,153 | -€103,361 | -47.5% |
| Recurring financial charges | 65 | €217,515 | €114,153 | -€103,361 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €114,691 | €90,500 | -€24,192 | -21.1% |
| Income taxes | 67/77 | €18,499 | €22,902 | +€4,402 | +23.8% |
| Profit (loss) for the period | 9904 | €96,192 | €67,598 | -€28,594 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €96,192 | €67,598 | -€28,594 | -29.7% |
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 15 October 2026 via checked.be.