SAYTRANS: 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.
SAYTRANS
Largest movements
- Receivables within one year +€64,828
up €64,828 (+62.7%), from €103,379 to €168,208
of which Other amounts receivable: +€45,052
- Tangible fixed assets -€24,956
down €24,956 (-72.2%), from €34,547 to €9,591
of which Leasing and similar rights: -€19,851
- Cash -€12,311
down €12,311 (-95.5%), from €12,892 to €581
mainly Receivables within one year (-€64,828) and Debts after one year (-€15,383)
- Deferred charges and accrued income +€3,845
up €3,845 (+6.7%), from €56,990 to €60,834
- Reserves +€40,935
up €40,935 (+40.7%), from €100,569 to €141,504
of which Distributable reserves: +€42,795
- Debts after one year -€15,383
down €15,383 (-91.5%), from €16,821 to €1,438
- Current portion of long-term debt +€10,402
up €10,402 (+48.7%), from €21,341 to €31,742
- Trade debts -€8,572
down €8,572 (-33.3%), from €25,723 to €17,151
- Tax, wage and social debts +€4,024
up €4,024 (+11.5%), from €35,135 to €39,159
of which Taxes: +€12,180
- Gross operating margin +€57,570
up €57,570 (+28.8%), from €200,148 to €257,718
- Staff costs +€25,681
up €25,681 (+21.3%), from €120,442 to €146,123
- Taxes +€6,780
up €6,780 (+43.3%), from €15,657 to €22,436
- Other operating charges +€6,106
up €6,106 (+45.7%), from €13,358 to €19,464
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 | €208,188 | €239,594 | +€31,406 | +15.1% |
| Fixed assets | 21/28 | €34,927 | €9,971 | -€24,956 | -71.5% |
| Tangible fixed assets | 22/27 | €34,547 | €9,591 | -€24,956 | -72.2% |
| Plant, machinery and equipment | 23 | €4,556 | €3,581 | -€975 | -21.4% |
| Furniture and vehicles | 24 | €5,309 | €1,179 | -€4,130 | -77.8% |
| Leasing and similar rights | 25 | €24,682 | €4,831 | -€19,851 | -80.4% |
| Financial fixed assets | 28 | €380 | €380 | = | 0.0% |
| Current assets | 29/58 | €173,261 | €229,623 | +€56,362 | +32.5% |
| Amounts receivable within one year | 40/41 | €103,379 | €168,208 | +€64,828 | +62.7% |
| Trade receivables | 40 | €20,207 | €39,983 | +€19,776 | +97.9% |
| Other amounts receivable | 41 | €83,173 | €128,225 | +€45,052 | +54.2% |
| Cash at bank and in hand | 54/58 | €12,892 | €581 | -€12,311 | -95.5% |
| Deferred charges and accrued income | 490/1 | €56,990 | €60,834 | +€3,845 | +6.7% |
| Total equity and liabilities | 10/49 | €208,188 | €239,594 | +€31,406 | +15.1% |
| Equity | 10/15 | €106,769 | €147,704 | +€40,935 | +38.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,569 | €141,504 | +€40,935 | +40.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €98,709 | €141,504 | +€42,795 | +43.4% |
| Amounts payable | 17/49 | €101,419 | €91,890 | -€9,529 | -9.4% |
| Amounts payable after more than one year | 17 | €16,821 | €1,438 | -€15,383 | -91.5% |
| Financial debts | 170/4 | €16,821 | €1,438 | -€15,383 | -91.5% |
| Amounts payable within one year | 42/48 | €84,598 | €90,452 | +€5,854 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €21,341 | €31,742 | +€10,402 | +48.7% |
| Trade debts | 44 | €25,723 | €17,151 | -€8,572 | -33.3% |
| Suppliers | 440/4 | €25,723 | €17,151 | -€8,572 | -33.3% |
| Taxes, remuneration and social security | 45 | €35,135 | €39,159 | +€4,024 | +11.5% |
| Taxes | 450/3 | €15,273 | €27,453 | +€12,180 | +79.8% |
| Remuneration and social security | 454/9 | €19,862 | €11,706 | -€8,156 | -41.1% |
| Other amounts payable | 47/48 | €2,400 | €2,400 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €120,442 | €146,123 | +€25,681 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,339 | €24,956 | -€1,383 | -5.3% |
| Other operating charges | 640/8 | €13,358 | €19,464 | +€6,106 | +45.7% |
| Gross operating margin | 9900 | €200,148 | €257,718 | +€57,570 | +28.8% |
| Operating profit (loss) | 9901 | €40,009 | €67,175 | +€27,166 | +67.9% |
| Financial income | 75/76B | €0 | €125 | +€125 | +1254800.0% |
| Recurring financial income | 75 | €0 | €125 | +€125 | +1254800.0% |
| Financial charges | 65/66B | €4,653 | €3,930 | -€723 | -15.5% |
| Recurring financial charges | 65 | €4,653 | €3,930 | -€723 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €35,356 | €63,371 | +€28,015 | +79.2% |
| Income taxes | 67/77 | €15,657 | €22,436 | +€6,780 | +43.3% |
| Profit (loss) for the period | 9904 | €19,700 | €40,935 | +€21,235 | +107.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,700 | €40,935 | +€21,235 | +107.8% |
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 4 October 2026 via checked.be.