JB SARTOR: 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.
JB SARTOR
Largest movements
- Cash -€49,179
down €49,179 (-48.0%), from €102,390 to €53,210
mainly Contributions, distributions and other (-€59,113) and Tax, wage and social debts (-€12,301)
- Current investments +€4,000
new in 2025: €4,000
- Receivables within one year +€1,630
up €1,630 (+11.4%), from €14,295 to €15,925
of which Trade receivables: +€1,756
- Tangible fixed assets +€1,213
up €1,213 (+355%), from €341 to €1,554
of which Furniture and vehicles: +€1,554
- Reserves -€34,185
down €34,185 (-40.8%), from €83,769 to €49,583
- Tax, wage and social debts -€12,301
down €12,301 (-50.1%), from €24,575 to €12,274
- Trade debts +€3,058
up €3,058 (+63.5%), from €4,815 to €7,873
- Other debts +€1,463
up €1,463 (+59.3%), from €2,466 to €3,929
- Gross operating margin -€8,734
down €8,734 (-19.2%), from €45,593 to €36,859
- Taxes -€2,088
down €2,088 (-22.5%), from €9,294 to €7,207
- Financial charges +€1,864
up €1,864 (+141%), from €1,322 to €3,186
- Other operating charges +€777
up €777 (+201%), from €387 to €1,165
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 | €119,899 | €78,106 | -€41,792 | -34.9% |
| Fixed assets | 21/28 | €341 | €1,554 | +€1,213 | +355% |
| Tangible fixed assets | 22/27 | €341 | €1,554 | +€1,213 | +355% |
| Plant, machinery and equipment | 23 | €341 | - | -€341 | |
| Furniture and vehicles | 24 | - | €1,554 | +€1,554 | |
| Current assets | 29/58 | €119,557 | €76,552 | -€43,005 | -36.0% |
| Amounts receivable within one year | 40/41 | €14,295 | €15,925 | +€1,630 | +11.4% |
| Trade receivables | 40 | €14,169 | €15,925 | +€1,756 | +12.4% |
| Other amounts receivable | 41 | €126 | - | -€126 | |
| Current investments | 50/53 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €102,390 | €53,210 | -€49,179 | -48.0% |
| Deferred charges and accrued income | 490/1 | €2,873 | €3,417 | +€544 | +18.9% |
| Total equity and liabilities | 10/49 | €119,899 | €78,106 | -€41,792 | -34.9% |
| Equity | 10/15 | €86,769 | €52,583 | -€34,185 | -39.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €83,769 | €49,583 | -€34,185 | -40.8% |
| Distributable reserves | 133 | €83,769 | €49,583 | -€34,185 | -40.8% |
| Amounts payable | 17/49 | €33,130 | €25,523 | -€7,607 | -23.0% |
| Amounts payable within one year | 42/48 | €33,130 | €25,393 | -€7,736 | -23.4% |
| Financial debts | 43 | €1,273 | €1,317 | +€43 | +3.4% |
| Credit institutions | 430/8 | €1,273 | €1,317 | +€43 | +3.4% |
| Trade debts | 44 | €4,815 | €7,873 | +€3,058 | +63.5% |
| Suppliers | 440/4 | €4,815 | €7,873 | +€3,058 | +63.5% |
| Taxes, remuneration and social security | 45 | €24,575 | €12,274 | -€12,301 | -50.1% |
| Taxes | 450/3 | €24,575 | €12,274 | -€12,301 | -50.1% |
| Other amounts payable | 47/48 | €2,466 | €3,929 | +€1,463 | +59.3% |
| Accrued charges and deferred income | 492/3 | - | €130 | +€130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €405 | €376 | -€28 | -7.0% |
| Other operating charges | 640/8 | €387 | €1,165 | +€777 | +201% |
| Gross operating margin | 9900 | €45,593 | €36,859 | -€8,734 | -19.2% |
| Operating profit (loss) | 9901 | €44,801 | €35,318 | -€9,483 | -21.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,322 | €3,186 | +€1,864 | +141% |
| Recurring financial charges | 65 | €1,322 | €3,186 | +€1,864 | +141% |
| Profit (loss) for the period before taxes | 9903 | €43,480 | €32,134 | -€11,346 | -26.1% |
| Income taxes | 67/77 | €9,294 | €7,207 | -€2,088 | -22.5% |
| Profit (loss) for the period | 9904 | €34,185 | €24,927 | -€9,258 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,185 | €24,927 | -€9,258 | -27.1% |
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 20 October 2026 via checked.be.