SAZ: 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.
SAZ
Largest movements
- Cash -€20,327
down €20,327 (-62.5%), from €32,537 to €12,209
mainly Stocks and contracts (-€19,419) and Net result for the year (-€3,590)
- Stocks and contracts +€19,419
up €19,419 (+167.7%), from €11,578 to €30,997
- Tangible fixed assets -€4,269
down €4,269 (-28.6%), from €14,902 to €10,632
- Profit (loss) carried forward -€3,590
new in 2022: -€3,590
- Debts after one year -€3,498
down €3,498 (-39.1%), from €8,945 to €5,447
- Short-term financial debts +€2,393
up €2,393 (+209.0%), from €1,145 to €3,537
- Gross operating margin -€31,889
down €31,889 (-91.9%), from €34,687 to €2,799
- Depreciation +€2,094
up €2,094 (+96.2%), from €2,176 to €4,269
- Staff costs -€1,304
no longer reported in 2022 (was €1,304)
- Other operating charges -€658
down €658 (-34.6%), from €1,902 to €1,244
- Financial income -€447
down €447 (-83.6%), from €535 to €88
of which Non-recurring financial income: -€485
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,817 | €55,705 | -€5,112 | -8.4% |
| Fixed assets | 21/28 | €16,702 | €12,432 | -€4,269 | -25.6% |
| Tangible fixed assets | 22/27 | €14,902 | €10,632 | -€4,269 | -28.6% |
| Furniture and vehicles | 24 | €14,902 | €10,632 | -€4,269 | -28.6% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €44,115 | €43,273 | -€842 | -1.9% |
| Stocks and contracts in progress | 3 | €11,578 | €30,997 | +€19,419 | +167.7% |
| Stocks | 30/36 | €11,578 | €30,997 | +€19,419 | +167.7% |
| Amounts receivable within one year | 40/41 | - | €66 | +€66 | |
| Other amounts receivable | 41 | - | €66 | +€66 | |
| Cash at bank and in hand | 54/58 | €32,537 | €12,209 | -€20,327 | -62.5% |
| Total equity and liabilities | 10/49 | €60,817 | €55,705 | -€5,112 | -8.4% |
| Equity | 10/15 | €38,217 | €34,627 | -€3,590 | -9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,617 | €19,617 | = | 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% |
| Distributable reserves | 133 | €17,757 | €17,757 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,590 | -€3,590 | |
| Amounts payable | 17/49 | €22,599 | €21,078 | -€1,522 | -6.7% |
| Amounts payable after more than one year | 17 | €8,945 | €5,447 | -€3,498 | -39.1% |
| Financial debts | 170/4 | €8,945 | €5,447 | -€3,498 | -39.1% |
| Amounts payable within one year | 42/48 | €13,654 | €15,631 | +€1,976 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €3,395 | €3,498 | +€103 | +3.0% |
| Financial debts | 43 | €1,145 | €3,537 | +€2,393 | +209.0% |
| Credit institutions | 430/8 | €1,145 | €3,537 | +€2,393 | +209.0% |
| Trade debts | 44 | €6,741 | €6,543 | -€197 | -2.9% |
| Suppliers | 440/4 | €6,741 | €6,543 | -€197 | -2.9% |
| Taxes, remuneration and social security | 45 | €478 | €373 | -€105 | -22.0% |
| Taxes | 450/3 | €478 | €173 | -€305 | -63.8% |
| Remuneration and social security | 454/9 | - | €200 | +€200 | |
| Other amounts payable | 47/48 | €1,896 | €1,679 | -€217 | -11.4% |
| Remuneration, social security and pensions | 62 | €1,304 | - | -€1,304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,176 | €4,269 | +€2,094 | +96.2% |
| Other operating charges | 640/8 | €1,902 | €1,244 | -€658 | -34.6% |
| Non-recurring operating charges | 66A | €1,041 | - | -€1,041 | |
| Gross operating margin | 9900 | €34,687 | €2,799 | -€31,889 | -91.9% |
| Operating profit (loss) | 9901 | €28,265 | -€2,715 | -€30,979 | |
| Financial income | 75/76B | €535 | €88 | -€447 | -83.6% |
| Recurring financial income | 75 | €50 | €88 | +€38 | +75.2% |
| Non-recurring financial income | 76B | €485 | - | -€485 | |
| Financial charges | 65/66B | €1,141 | €879 | -€262 | -22.9% |
| Recurring financial charges | 65 | €1,141 | €879 | -€262 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €27,658 | -€3,506 | -€31,165 | |
| Income taxes | 67/77 | €80 | €84 | +€4 | +4.8% |
| Profit (loss) for the period | 9904 | €27,578 | -€3,590 | -€31,168 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,578 | -€3,590 | -€31,168 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.