SayTech: 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.
SayTech
Largest movements
- Receivables within one year +€83,254
up €83,254 (+54.5%), from €152,864 to €236,119
of which Other amounts receivable: +€90,358
- Stocks and contracts -€40,278
no longer reported in 2025 (was €40,278)
- Cash +€23,152
up €23,152 (+297.6%), from €7,780 to €30,932
mainly Stocks and contracts (+€40,278) and Trade debts (+€30,775)
- Tangible fixed assets -€10,977
down €10,977 (-19.7%), from €55,677 to €44,701
of which Furniture and vehicles: -€12,025
- Trade debts +€30,775
up €30,775 (+224.7%), from €13,695 to €44,470
- Other debts +€20,664
up €20,664 (+341.7%), from €6,047 to €26,711
- Tax, wage and social debts +€9,205
up €9,205 (+55.3%), from €16,647 to €25,852
of which Taxes: +€10,210
- Debts after one year -€4,369
no longer reported in 2025 (was €4,369)
- Gross operating margin -€17,450
down €17,450 (-7.7%), from €227,294 to €209,844
- Taxes -€8,487
down €8,487 (-41.0%), from €20,724 to €12,236
- Financial charges +€8,374
up €8,374 (+293.1%), from €2,857 to €11,232
- Other operating charges +€4,224
up €4,224 (+68.4%), from €6,175 to €10,399
- Staff costs +€3,713
up €3,713 (+2.9%), from €126,843 to €130,556
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 | €307,862 | €362,278 | +€54,416 | +17.7% |
| Fixed assets | 21/28 | €59,740 | €48,028 | -€11,712 | -19.6% |
| Intangible fixed assets | 21 | €2,962 | €2,227 | -€735 | -24.8% |
| Tangible fixed assets | 22/27 | €55,677 | €44,701 | -€10,977 | -19.7% |
| Plant, machinery and equipment | 23 | €1,407 | €2,334 | +€927 | +65.9% |
| Furniture and vehicles | 24 | €37,363 | €25,338 | -€12,025 | -32.2% |
| Other tangible fixed assets | 26 | €16,907 | €17,028 | +€121 | +0.7% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €248,123 | €314,250 | +€66,128 | +26.7% |
| Amounts receivable after more than one year | 29 | €47,200 | €47,200 | = | 0.0% |
| Other amounts receivable | 291 | €47,200 | €47,200 | = | 0.0% |
| Stocks and contracts in progress | 3 | €40,278 | - | -€40,278 | |
| Contracts in progress | 37 | €40,278 | - | -€40,278 | |
| Amounts receivable within one year | 40/41 | €152,864 | €236,119 | +€83,254 | +54.5% |
| Trade receivables | 40 | €124,146 | €117,042 | -€7,104 | -5.7% |
| Other amounts receivable | 41 | €28,718 | €119,076 | +€90,358 | +314.6% |
| Cash at bank and in hand | 54/58 | €7,780 | €30,932 | +€23,152 | +297.6% |
| Total equity and liabilities | 10/49 | €307,862 | €362,278 | +€54,416 | +17.7% |
| Equity | 10/15 | €224,148 | €224,148 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €224,048 | €224,048 | = | 0.0% |
| Distributable reserves | 133 | €224,048 | €224,048 | = | 0.0% |
| Amounts payable | 17/49 | €83,714 | €138,130 | +€54,416 | +65.0% |
| Amounts payable after more than one year | 17 | €4,369 | - | -€4,369 | |
| Financial debts | 170/4 | €4,369 | - | -€4,369 | |
| Amounts payable within one year | 42/48 | €79,346 | €138,130 | +€58,785 | +74.1% |
| Current portion of amounts payable after more than one year | 42 | €42,958 | €41,097 | -€1,860 | -4.3% |
| Trade debts | 44 | €13,695 | €44,470 | +€30,775 | +224.7% |
| Suppliers | 440/4 | €13,695 | €44,470 | +€30,775 | +224.7% |
| Taxes, remuneration and social security | 45 | €16,647 | €25,852 | +€9,205 | +55.3% |
| Taxes | 450/3 | €1,399 | €11,609 | +€10,210 | +730.0% |
| Remuneration and social security | 454/9 | €15,248 | €14,244 | -€1,005 | -6.6% |
| Other amounts payable | 47/48 | €6,047 | €26,711 | +€20,664 | +341.7% |
| Remuneration, social security and pensions | 62 | €126,843 | €130,556 | +€3,713 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,983 | €18,711 | +€1,728 | +10.2% |
| Other operating charges | 640/8 | €6,175 | €10,399 | +€4,224 | +68.4% |
| Gross operating margin | 9900 | €227,294 | €209,844 | -€17,450 | -7.7% |
| Operating profit (loss) | 9901 | €77,293 | €50,177 | -€27,115 | -35.1% |
| Financial income | 75/76B | €683 | €2 | -€681 | -99.7% |
| Recurring financial income | 75 | €683 | €2 | -€681 | -99.7% |
| Financial charges | 65/66B | €2,857 | €11,232 | +€8,374 | +293.1% |
| Recurring financial charges | 65 | €2,857 | €11,232 | +€8,374 | +293.1% |
| Profit (loss) for the period before taxes | 9903 | €75,119 | €38,947 | -€36,171 | -48.2% |
| Income taxes | 67/77 | €20,724 | €12,236 | -€8,487 | -41.0% |
| Profit (loss) for the period | 9904 | €54,395 | €26,711 | -€27,684 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,395 | €26,711 | -€27,684 | -50.9% |
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.