Aelbrecht Sara: 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.
Aelbrecht Sara
Largest movements
- Cash +€32,885
up €32,885 (+32.4%), from €101,397 to €134,282
mainly Net result for the year (+€33,902) and Depreciation (+€14,927)
- Intangible fixed assets -€8,725
down €8,725 (-10.6%), from €82,672 to €73,947
- Tangible fixed assets -€6,202
down €6,202 (-35.7%), from €17,361 to €11,159
of which Furniture and vehicles: -€6,202
- Receivables within one year -€3,275
down €3,275 (-18.1%), from €18,119 to €14,844
of which Trade receivables: -€2,544
- Reserves +€33,902
up €33,902 (+2,526%), from €1,342 to €35,244
- Tax, wage and social debts -€13,738
down €13,738 (-99.6%), from €13,794 to €56
of which Taxes: -€11,301
- Gross operating margin -€91,441
down €91,441 (-53.8%), from €170,122 to €78,681
- Taxes -€8,733
down €8,733 (-27.9%), from €31,321 to €22,588
- Staff costs -€6,621
down €6,621 (-92.6%), from €7,149 to €528
- Other operating charges -€6,548
down €6,548 (-72.0%), from €9,090 to €2,541
- Financial charges -€6,371
down €6,371 (-89.2%), from €7,142 to €772
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.
Derived cash bridge
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 | €257,239 | €274,900 | +€17,661 | +6.9% |
| Fixed assets | 21/28 | €100,058 | €85,106 | -€14,952 | -14.9% |
| Intangible fixed assets | 21 | €82,672 | €73,947 | -€8,725 | -10.6% |
| Tangible fixed assets | 22/27 | €17,361 | €11,159 | -€6,202 | -35.7% |
| Furniture and vehicles | 24 | €15,161 | €8,959 | -€6,202 | -40.9% |
| Other tangible fixed assets | 26 | €2,200 | €2,200 | = | 0.0% |
| Financial fixed assets | 28 | €25 | - | -€25 | |
| Current assets | 29/58 | €157,181 | €189,794 | +€32,613 | +20.7% |
| Stocks and contracts in progress | 3 | - | €2,739 | +€2,739 | |
| Stocks | 30/36 | - | €2,739 | +€2,739 | |
| Amounts receivable within one year | 40/41 | €18,119 | €14,844 | -€3,275 | -18.1% |
| Trade receivables | 40 | €3,658 | €1,115 | -€2,544 | -69.5% |
| Other amounts receivable | 41 | €14,461 | €13,729 | -€731 | -5.1% |
| Current investments | 50/53 | €36,000 | €36,231 | +€231 | +0.6% |
| Cash at bank and in hand | 54/58 | €101,397 | €134,282 | +€32,885 | +32.4% |
| Deferred charges and accrued income | 490/1 | €1,664 | €1,698 | +€34 | +2.0% |
| Total equity and liabilities | 10/49 | €257,239 | €274,900 | +€17,661 | +6.9% |
| Equity | 10/15 | €240,641 | €274,543 | +€33,902 | +14.1% |
| Contributions | 10/11 | €179,000 | €179,000 | = | 0.0% |
| Reserves | 13 | €1,342 | €35,244 | +€33,902 | +2,526% |
| Distributable reserves | 133 | €1,342 | €35,244 | +€33,902 | +2,526% |
| Profit (loss) carried forward | 14 | €60,299 | €60,299 | = | 0.0% |
| Amounts payable | 17/49 | €16,598 | €357 | -€16,240 | -97.8% |
| Amounts payable within one year | 42/48 | €16,598 | €357 | -€16,240 | -97.8% |
| Taxes, remuneration and social security | 45 | €13,794 | €56 | -€13,738 | -99.6% |
| Taxes | 450/3 | €11,357 | €56 | -€11,301 | -99.5% |
| Remuneration and social security | 454/9 | €2,437 | - | -€2,437 | |
| Other amounts payable | 47/48 | €2,803 | €301 | -€2,502 | -89.3% |
| Non-recurring operating income | 76A | €91,534 | - | -€91,534 | |
| Remuneration, social security and pensions | 62 | €7,149 | €528 | -€6,621 | -92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,823 | €14,927 | +€104 | +0.7% |
| Other operating charges | 640/8 | €9,090 | €2,541 | -€6,548 | -72.0% |
| Non-recurring operating charges | 66A | €1,871 | €4,161 | +€2,290 | +122% |
| Gross operating margin | 9900 | €170,122 | €78,681 | -€91,441 | -53.8% |
| Operating profit (loss) | 9901 | €137,190 | €56,524 | -€80,666 | -58.8% |
| Financial income | 75/76B | €22 | €737 | +€715 | +3,290% |
| Recurring financial income | 75 | €22 | €737 | +€715 | +3,290% |
| Financial charges | 65/66B | €7,142 | €772 | -€6,371 | -89.2% |
| Recurring financial charges | 65 | €7,142 | €772 | -€6,371 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | €130,069 | €56,490 | -€73,580 | -56.6% |
| Income taxes | 67/77 | €31,321 | €22,588 | -€8,733 | -27.9% |
| Profit (loss) for the period | 9904 | €98,748 | €33,902 | -€64,847 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €98,748 | €33,902 | -€64,847 | -65.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.