SAYTO: 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.
SAYTO
Largest movements
- Intangible fixed assets -€18,540
down €18,540 (-26.7%), from €69,396 to €50,857
- Cash -€5,044
down €5,044 (-9.9%), from €51,089 to €46,045
mainly Net result for the year (-€19,777) and Trade debts (-€4,164)
- Profit (loss) carried forward -€19,777
down €19,777 (-58.1%), from -€34,044 to -€53,821
- Trade debts -€4,164
down €4,164 (-35.3%), from €11,788 to €7,624
- Gross operating margin +€9,181
up €9,181 (+92.7%), from -€9,908 to -€727
- Depreciation -€4,762
down €4,762 (-20.4%), from €23,302 to €18,540
- Other operating charges -€372
down €372 (-48.2%), from €772 to €400
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 | €128,023 | €104,201 | -€23,823 | -18.6% |
| Fixed assets | 21/28 | €69,396 | €50,857 | -€18,540 | -26.7% |
| Intangible fixed assets | 21 | €69,396 | €50,857 | -€18,540 | -26.7% |
| Current assets | 29/58 | €58,627 | €53,344 | -€5,283 | -9.0% |
| Amounts receivable within one year | 40/41 | €7,538 | €7,299 | -€239 | -3.2% |
| Trade receivables | 40 | €7,299 | €7,299 | = | 0.0% |
| Other amounts receivable | 41 | €239 | €0 | -€239 | -100.0% |
| Cash at bank and in hand | 54/58 | €51,089 | €46,045 | -€5,044 | -9.9% |
| Total equity and liabilities | 10/49 | €128,023 | €104,201 | -€23,823 | -18.6% |
| Equity | 10/15 | €115,956 | €96,179 | -€19,777 | -17.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,044 | -€53,821 | -€19,777 | -58.1% |
| Amounts payable | 17/49 | €12,067 | €8,022 | -€4,046 | -33.5% |
| Amounts payable within one year | 42/48 | €12,067 | €8,022 | -€4,046 | -33.5% |
| Trade debts | 44 | €11,788 | €7,624 | -€4,164 | -35.3% |
| Suppliers | 440/4 | €11,788 | €7,624 | -€4,164 | -35.3% |
| Taxes, remuneration and social security | 45 | - | €70 | +€70 | |
| Taxes | 450/3 | - | €70 | +€70 | |
| Other amounts payable | 47/48 | €280 | €328 | +€49 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,302 | €18,540 | -€4,762 | -20.4% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | -€9,908 | -€727 | +€9,181 | +92.7% |
| Operating profit (loss) | 9901 | -€33,982 | -€19,667 | +€14,315 | +42.1% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €63 | €114 | +€51 | +82.2% |
| Recurring financial charges | 65 | €63 | €114 | +€51 | +82.2% |
| Profit (loss) for the period before taxes | 9903 | -€34,044 | -€19,777 | +€14,267 | +41.9% |
| Profit (loss) for the period | 9904 | -€34,044 | -€19,777 | +€14,267 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,044 | -€19,777 | +€14,267 | +41.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.