SAZOU: 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.
SAZOU
Largest movements
- Tangible fixed assets -€8,293
down €8,293 (-3.8%), from €215,552 to €207,259
- Cash -€2,988
down €2,988 (-42.8%), from €6,987 to €3,999
mainly Debts after one year (-€20,026) and Accrued charges and deferred income (-€368)
- Debts after one year -€20,026
down €20,026 (-37.6%), from €53,251 to €33,225
- Reserves +€8,570
up €8,570 (+20.3%), from €42,320 to €50,890
of which Distributable reserves: +€8,570
- Gross operating margin +€759
up €759 (+3.8%), from €20,107 to €20,865
- Financial charges -€671
down €671 (-20.4%), from €3,280 to €2,610
- Taxes +€435
up €435 (+103%), from €422 to €857
- Other operating charges -€349
down €349 (-39.5%), from €884 to €535
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €222,539 | €211,258 | -€11,281 | -5.1% |
| Fixed assets | 21/28 | €215,552 | €207,259 | -€8,293 | -3.8% |
| Tangible fixed assets | 22/27 | €215,552 | €207,259 | -€8,293 | -3.8% |
| Land and buildings | 22 | €215,552 | €207,259 | -€8,293 | -3.8% |
| Current assets | 29/58 | €6,987 | €3,999 | -€2,988 | -42.8% |
| Cash at bank and in hand | 54/58 | €6,987 | €3,999 | -€2,988 | -42.8% |
| Total equity and liabilities | 10/49 | €222,539 | €211,258 | -€11,281 | -5.1% |
| Equity | 10/15 | €131,848 | €140,418 | +€8,570 | +6.5% |
| Contributions | 10/11 | €55,314 | €55,314 | = | 0.0% |
| Revaluation surpluses | 12 | €34,215 | €34,215 | = | 0.0% |
| Reserves | 13 | €42,320 | €50,890 | +€8,570 | +20.3% |
| Tax-exempt reserves | 132 | €3,408 | €3,408 | = | 0.0% |
| Distributable reserves | 133 | €38,912 | €47,482 | +€8,570 | +22.0% |
| Amounts payable | 17/49 | €90,691 | €70,839 | -€19,852 | -21.9% |
| Amounts payable after more than one year | 17 | €53,251 | €33,225 | -€20,026 | -37.6% |
| Financial debts | 170/4 | €53,251 | €33,225 | -€20,026 | -37.6% |
| Amounts payable within one year | 42/48 | €36,907 | €37,449 | +€542 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €19,315 | €20,026 | +€711 | +3.7% |
| Trade debts | 44 | €742 | €387 | -€354 | -47.8% |
| Suppliers | 440/4 | €742 | €387 | -€354 | -47.8% |
| Taxes, remuneration and social security | 45 | €422 | €857 | +€435 | +103% |
| Taxes | 450/3 | €422 | €857 | +€435 | +103% |
| Other amounts payable | 47/48 | €16,429 | €16,179 | -€250 | -1.5% |
| Accrued charges and deferred income | 492/3 | €533 | €166 | -€368 | -69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,293 | €8,293 | = | 0.0% |
| Other operating charges | 640/8 | €884 | €535 | -€349 | -39.5% |
| Gross operating margin | 9900 | €20,107 | €20,865 | +€759 | +3.8% |
| Operating profit (loss) | 9901 | €10,929 | €12,037 | +€1,108 | +10.1% |
| Financial charges | 65/66B | €3,280 | €2,610 | -€671 | -20.4% |
| Recurring financial charges | 65 | €3,280 | €2,610 | -€671 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €7,649 | €9,427 | +€1,779 | +23.3% |
| Income taxes | 67/77 | €422 | €857 | +€435 | +103% |
| Profit (loss) for the period | 9904 | €7,227 | €8,570 | +€1,343 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,227 | €8,570 | +€1,343 | +18.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.