Dr. Sezer Sari: 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.
Dr. Sezer Sari
Largest movements
- Cash +€139,398
up €139,398 (+101%), from €137,924 to €277,323
mainly Net result for the year (+€130,495) and Tax, wage and social debts (+€7,951)
- Tangible fixed assets +€3,946
new in 2025: €3,946
- Reserves +€130,495
up €130,495 (+119%), from €109,708 to €240,203
- Tax, wage and social debts +€7,951
up €7,951 (+26.9%), from €29,516 to €37,467
- Gross operating margin +€35,685
up €35,685 (+27.0%), from €132,127 to €167,812
- Taxes +€9,288
up €9,288 (+32.9%), from €28,207 to €37,495
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 | €143,262 | €284,679 | +€141,416 | +98.7% |
| Fixed assets | 21/28 | - | €3,946 | +€3,946 | |
| Tangible fixed assets | 22/27 | - | €3,946 | +€3,946 | |
| Other tangible fixed assets | 26 | - | €3,946 | +€3,946 | |
| Current assets | 29/58 | €143,262 | €280,732 | +€137,470 | +96.0% |
| Amounts receivable within one year | 40/41 | €2,307 | €0 | -€2,307 | -100% |
| Trade receivables | 40 | €2,307 | €0 | -€2,307 | -100% |
| Cash at bank and in hand | 54/58 | €137,924 | €277,323 | +€139,398 | +101% |
| Deferred charges and accrued income | 490/1 | €3,031 | €3,410 | +€379 | +12.5% |
| Total equity and liabilities | 10/49 | €143,262 | €284,679 | +€141,416 | +98.7% |
| Equity | 10/15 | €113,708 | €244,203 | +€130,495 | +115% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €109,708 | €240,203 | +€130,495 | +119% |
| Distributable reserves | 133 | €109,708 | €240,203 | +€130,495 | +119% |
| Amounts payable | 17/49 | €29,555 | €40,476 | +€10,921 | +37.0% |
| Amounts payable within one year | 42/48 | €29,555 | €40,476 | +€10,921 | +37.0% |
| Trade debts | 44 | €38 | €1,220 | +€1,182 | +3,095% |
| Suppliers | 440/4 | €38 | €1,220 | +€1,182 | +3,095% |
| Advances received on contracts in progress | 46 | - | €1,788 | +€1,788 | |
| Taxes, remuneration and social security | 45 | €29,516 | €37,467 | +€7,951 | +26.9% |
| Taxes | 450/3 | €29,516 | €37,467 | +€7,951 | +26.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €90 | €0 | -€90 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €54 | +€54 | |
| Other operating charges | 640/8 | €465 | €503 | +€38 | +8.1% |
| Gross operating margin | 9900 | €132,127 | €167,812 | +€35,685 | +27.0% |
| Operating profit (loss) | 9901 | €131,571 | €167,255 | +€35,684 | +27.1% |
| Financial income | 75/76B | €34 | €779 | +€745 | +2,191% |
| Recurring financial income | 75 | €34 | €779 | +€745 | +2,191% |
| Financial charges | 65/66B | €195 | €45 | -€150 | -76.9% |
| Recurring financial charges | 65 | €195 | €45 | -€150 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | €131,410 | €167,990 | +€36,579 | +27.8% |
| Income taxes | 67/77 | €28,207 | €37,495 | +€9,288 | +32.9% |
| Profit (loss) for the period | 9904 | €103,204 | €130,495 | +€27,291 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €103,204 | €130,495 | +€27,291 | +26.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.