SAYGIN: 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.
SAYGIN
Largest movements
- Tangible fixed assets -€20,889
down €20,889 (-62.0%), from €33,681 to €12,792
of which Furniture and vehicles: -€16,447
- Receivables within one year -€15,558
down €15,558 (-9.6%), from €162,716 to €147,158
of which Other amounts receivable: -€9,350
- Cash -€12,423
down €12,423 (-31.1%), from €39,936 to €27,514
mainly Current portion of long-term debt (-€33,970) and Debts after one year (-€12,186)
- Stocks and contracts +€7,079
up €7,079 (+125.3%), from €5,647 to €12,726
- Deferred charges and accrued income +€5,502
up €5,502 (+239.4%), from €2,298 to €7,800
- Current portion of long-term debt -€33,970
down €33,970 (-63.4%), from €53,603 to €19,633
- Debts after one year -€12,186
no longer reported in 2025 (was €12,186)
- Reserves +€8,500
up €8,500 (+86.2%), from €9,860 to €18,360
- Tax, wage and social debts +€5,156
up €5,156 (+66.3%), from €7,779 to €12,935
of which Remuneration and social security: +€3,056
- Trade debts -€3,397
down €3,397 (-10.1%), from €33,747 to €30,349
- Gross operating margin -€43,533
down €43,533 (-14.0%), from €310,894 to €267,361
- Staff costs -€37,489
down €37,489 (-15.5%), from €241,532 to €204,044
- Financial charges -€5,904
down €5,904 (-24.2%), from €24,415 to €18,510
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 | €244,279 | €207,990 | -€36,289 | -14.9% |
| Fixed assets | 21/28 | €33,681 | €12,792 | -€20,889 | -62.0% |
| Tangible fixed assets | 22/27 | €33,681 | €12,792 | -€20,889 | -62.0% |
| Plant, machinery and equipment | 23 | €9,284 | €4,842 | -€4,442 | -47.8% |
| Furniture and vehicles | 24 | €24,398 | €7,950 | -€16,447 | -67.4% |
| Current assets | 29/58 | €210,598 | €195,198 | -€15,400 | -7.3% |
| Stocks and contracts in progress | 3 | €5,647 | €12,726 | +€7,079 | +125.3% |
| Stocks | 30/36 | €5,647 | €12,726 | +€7,079 | +125.3% |
| Amounts receivable within one year | 40/41 | €162,716 | €147,158 | -€15,558 | -9.6% |
| Trade receivables | 40 | €110,062 | €103,854 | -€6,208 | -5.6% |
| Other amounts receivable | 41 | €52,654 | €43,304 | -€9,350 | -17.8% |
| Cash at bank and in hand | 54/58 | €39,936 | €27,514 | -€12,423 | -31.1% |
| Deferred charges and accrued income | 490/1 | €2,298 | €7,800 | +€5,502 | +239.4% |
| Total equity and liabilities | 10/49 | €244,279 | €207,990 | -€36,289 | -14.9% |
| Equity | 10/15 | €67,461 | €76,090 | +€8,629 | +12.8% |
| Contributions | 10/11 | €16,120 | €16,120 | = | 0.0% |
| Reserves | 13 | €9,860 | €18,360 | +€8,500 | +86.2% |
| Distributable reserves | 133 | €9,860 | €18,360 | +€8,500 | +86.2% |
| Profit (loss) carried forward | 14 | €41,481 | €41,610 | +€129 | +0.3% |
| Amounts payable | 17/49 | €176,818 | €131,900 | -€44,918 | -25.4% |
| Amounts payable after more than one year | 17 | €12,186 | - | -€12,186 | |
| Financial debts | 170/4 | €12,186 | - | -€12,186 | |
| Amounts payable within one year | 42/48 | €164,617 | €131,900 | -€32,717 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €53,603 | €19,633 | -€33,970 | -63.4% |
| Financial debts | 43 | €69,489 | €68,983 | -€506 | -0.7% |
| Credit institutions | 430/8 | €19,489 | €18,983 | -€506 | -2.6% |
| Other loans | 439 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €33,747 | €30,349 | -€3,397 | -10.1% |
| Suppliers | 440/4 | €33,747 | €30,349 | -€3,397 | -10.1% |
| Taxes, remuneration and social security | 45 | €7,779 | €12,935 | +€5,156 | +66.3% |
| Taxes | 450/3 | €1,924 | €4,024 | +€2,100 | +109.2% |
| Remuneration and social security | 454/9 | €5,855 | €8,911 | +€3,056 | +52.2% |
| Accrued charges and deferred income | 492/3 | €14 | - | -€14 | |
| Remuneration, social security and pensions | 62 | €241,532 | €204,044 | -€37,489 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,688 | €21,833 | +€145 | +0.7% |
| Other operating charges | 640/8 | €9,224 | €8,119 | -€1,105 | -12.0% |
| Gross operating margin | 9900 | €310,894 | €267,361 | -€43,533 | -14.0% |
| Operating profit (loss) | 9901 | €38,450 | €33,365 | -€5,084 | -13.2% |
| Financial income | 75/76B | €909 | €874 | -€35 | -3.9% |
| Recurring financial income | 75 | €909 | €874 | -€35 | -3.9% |
| Financial charges | 65/66B | €24,415 | €18,510 | -€5,904 | -24.2% |
| Recurring financial charges | 65 | €24,415 | €18,510 | -€5,904 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €14,944 | €15,729 | +€785 | +5.3% |
| Income taxes | 67/77 | €6,756 | €7,100 | +€344 | +5.1% |
| Profit (loss) for the period | 9904 | €8,188 | €8,629 | +€441 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,188 | €8,629 | +€441 | +5.4% |
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 10 October 2026 via checked.be.