SAYLO: 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.
SAYLO
Largest movements
- Receivables within one year -€139,711
down €139,711 (-69.2%), from €201,803 to €62,092
of which Trade receivables: -€128,337
- Tangible fixed assets -€17,575
down €17,575 (-40.9%), from €42,953 to €25,377
of which Furniture and vehicles: -€17,647
- Cash +€3,089
up €3,089 (+104.0%), from €2,971 to €6,060
mainly Receivables within one year (+€139,711) and Depreciation (+€18,419)
- Trade debts -€93,120
down €93,120 (-45.6%), from €204,107 to €110,986
- Profit (loss) carried forward -€56,098
down €56,098, from €22,875 to -€33,223
- Debts after one year -€6,176
no longer reported in 2025 (was €6,176)
- Current portion of long-term debt -€4,033
down €4,033 (-39.5%), from €10,209 to €6,176
- Gross operating margin -€46,570
down €46,570, from €31,995 to -€14,575
- Other operating charges -€11,658
down €11,658 (-40.7%), from €28,618 to €16,960
- Financial charges +€4,581
up €4,581 (+293.0%), from €1,563 to €6,144
- Depreciation -€1,392
down €1,392 (-7.0%), from €19,811 to €18,419
- Financial income -€466
down €466 (-99.9%), from €466 to €0
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 | €254,008 | €99,385 | -€154,623 | -60.9% |
| Fixed assets | 21/28 | €46,533 | €28,957 | -€17,575 | -37.8% |
| Tangible fixed assets | 22/27 | €42,953 | €25,377 | -€17,575 | -40.9% |
| Plant, machinery and equipment | 23 | €1,019 | €1,090 | +€72 | +7.0% |
| Furniture and vehicles | 24 | €41,934 | €24,287 | -€17,647 | -42.1% |
| Financial fixed assets | 28 | €3,580 | €3,580 | = | 0.0% |
| Current assets | 29/58 | €207,475 | €70,428 | -€137,048 | -66.1% |
| Amounts receivable within one year | 40/41 | €201,803 | €62,092 | -€139,711 | -69.2% |
| Trade receivables | 40 | €190,429 | €62,092 | -€128,337 | -67.4% |
| Other amounts receivable | 41 | €11,374 | - | -€11,374 | |
| Cash at bank and in hand | 54/58 | €2,971 | €6,060 | +€3,089 | +104.0% |
| Deferred charges and accrued income | 490/1 | €2,701 | €2,275 | -€425 | -15.7% |
| Total equity and liabilities | 10/49 | €254,008 | €99,385 | -€154,623 | -60.9% |
| Equity | 10/15 | €30,935 | -€25,163 | -€56,098 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,875 | -€33,223 | -€56,098 | |
| Amounts payable | 17/49 | €223,073 | €124,548 | -€98,525 | -44.2% |
| Amounts payable after more than one year | 17 | €6,176 | - | -€6,176 | |
| Financial debts | 170/4 | €6,176 | - | -€6,176 | |
| Amounts payable within one year | 42/48 | €216,897 | €124,548 | -€92,349 | -42.6% |
| Current portion of amounts payable after more than one year | 42 | €10,209 | €6,176 | -€4,033 | -39.5% |
| Financial debts | 43 | - | €1,625 | +€1,625 | |
| Credit institutions | 430/8 | - | €1,625 | +€1,625 | |
| Trade debts | 44 | €204,107 | €110,986 | -€93,120 | -45.6% |
| Suppliers | 440/4 | €204,107 | €110,986 | -€93,120 | -45.6% |
| Taxes, remuneration and social security | 45 | €2,581 | €4,795 | +€2,214 | +85.8% |
| Taxes | 450/3 | €2,581 | €4,795 | +€2,214 | +85.8% |
| Other amounts payable | 47/48 | - | €965 | +€965 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,811 | €18,419 | -€1,392 | -7.0% |
| Other operating charges | 640/8 | €28,618 | €16,960 | -€11,658 | -40.7% |
| Gross operating margin | 9900 | €31,995 | -€14,575 | -€46,570 | |
| Operating profit (loss) | 9901 | -€16,434 | -€49,954 | -€33,520 | -204.0% |
| Financial income | 75/76B | €466 | €0 | -€466 | -99.9% |
| Recurring financial income | 75 | €466 | €0 | -€466 | -99.9% |
| Financial charges | 65/66B | €1,563 | €6,144 | +€4,581 | +293.0% |
| Recurring financial charges | 65 | €1,563 | €6,144 | +€4,581 | +293.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,531 | -€56,098 | -€38,567 | -220.0% |
| Profit (loss) for the period | 9904 | -€17,531 | -€56,098 | -€38,567 | -220.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,531 | -€56,098 | -€38,567 | -220.0% |
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 9 October 2026 via checked.be.