K.D. SARAH: 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.
K.D. SARAH
Largest movements
- Receivables within one year +€103,860
up €103,860 (+58.2%), from €178,361 to €282,221
of which Other amounts receivable: +€55,531
- Cash +€3,142
up €3,142 (+201%), from €1,560 to €4,702
mainly Net result for the year (+€87,461) and Tax, wage and social debts (+€27,086)
- Reserves +€87,461
up €87,461 (+219%), from €39,846 to €127,307
- Tax, wage and social debts +€27,086
up €27,086 (+82.9%), from €32,674 to €59,760
of which Taxes: +€24,109
- Trade debts -€4,938
down €4,938 (-9.5%), from €51,845 to €46,907
- Gross operating margin +€124,436
up €124,436 (+133%), from €93,530 to €217,966
- Staff costs +€32,693
up €32,693 (+62.7%), from €52,117 to €84,810
- Taxes +€24,270
up €24,270 (+137%), from €17,658 to €41,928
- Other operating charges -€3,607
down €3,607 (-43.3%), from €8,328 to €4,721
- Financial income +€2,846
up €2,846 (+68.6%), from €4,151 to €6,997
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 | €191,002 | €301,545 | +€110,543 | +57.9% |
| Fixed assets | 21/28 | €8,734 | €9,641 | +€907 | +10.4% |
| Tangible fixed assets | 22/27 | €8,734 | €9,641 | +€907 | +10.4% |
| Furniture and vehicles | 24 | €8,734 | €9,641 | +€907 | +10.4% |
| Current assets | 29/58 | €182,268 | €291,904 | +€109,636 | +60.2% |
| Amounts receivable within one year | 40/41 | €178,361 | €282,221 | +€103,860 | +58.2% |
| Trade receivables | 40 | €97,291 | €145,620 | +€48,329 | +49.7% |
| Other amounts receivable | 41 | €81,070 | €136,601 | +€55,531 | +68.5% |
| Cash at bank and in hand | 54/58 | €1,560 | €4,702 | +€3,142 | +201% |
| Deferred charges and accrued income | 490/1 | €2,347 | €4,981 | +€2,634 | +112% |
| Total equity and liabilities | 10/49 | €191,002 | €301,545 | +€110,543 | +57.9% |
| Equity | 10/15 | €106,483 | €193,944 | +€87,461 | +82.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €39,846 | €127,307 | +€87,461 | +219% |
| Distributable reserves | 133 | €39,846 | €127,307 | +€87,461 | +219% |
| Profit (loss) carried forward | 14 | €64,137 | €64,137 | = | 0.0% |
| Amounts payable | 17/49 | €84,519 | €107,601 | +€23,082 | +27.3% |
| Amounts payable within one year | 42/48 | €84,519 | €107,601 | +€23,082 | +27.3% |
| Trade debts | 44 | €51,845 | €46,907 | -€4,938 | -9.5% |
| Suppliers | 440/4 | €51,845 | €46,907 | -€4,938 | -9.5% |
| Taxes, remuneration and social security | 45 | €32,674 | €59,760 | +€27,086 | +82.9% |
| Taxes | 450/3 | €25,500 | €49,609 | +€24,109 | +94.5% |
| Remuneration and social security | 454/9 | €7,174 | €10,151 | +€2,977 | +41.5% |
| Other amounts payable | 47/48 | - | €934 | +€934 | |
| Remuneration, social security and pensions | 62 | €52,117 | €84,810 | +€32,693 | +62.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,012 | €5,532 | +€520 | +10.4% |
| Other operating charges | 640/8 | €8,328 | €4,721 | -€3,607 | -43.3% |
| Gross operating margin | 9900 | €93,530 | €217,966 | +€124,436 | +133% |
| Operating profit (loss) | 9901 | €28,073 | €122,903 | +€94,830 | +338% |
| Financial income | 75/76B | €4,151 | €6,997 | +€2,846 | +68.6% |
| Recurring financial income | 75 | €4,151 | €6,997 | +€2,846 | +68.6% |
| Financial charges | 65/66B | €243 | €511 | +€268 | +110% |
| Recurring financial charges | 65 | €243 | €511 | +€268 | +110% |
| Profit (loss) for the period before taxes | 9903 | €31,981 | €129,389 | +€97,408 | +305% |
| Income taxes | 67/77 | €17,658 | €41,928 | +€24,270 | +137% |
| Profit (loss) for the period | 9904 | €14,323 | €87,461 | +€73,138 | +511% |
| Profit (loss) for the period to be appropriated | 9905 | €14,323 | €87,461 | +€73,138 | +511% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.