LA SADRI: what changed
Two fiscal 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.
LA SADRI
Largest movements
- Tangible fixed assets -€22,645
down €22,645 (-23.2%), from €97,727 to €75,082
of which Land and buildings: -€22,758
- Cash +€4,274
new in 2025: €4,274
mainly Depreciation (+€30,429) and Deferred charges and accrued income (+€1,678)
- Profit (loss) carried forward -€11,658
down €11,658 (-10.5%), from -€110,784 to -€122,442
- Trade debts -€5,226
down €5,226 (-7.5%), from €70,147 to €64,921
- Other debts -€1,840
down €1,840 (-3.6%), from €51,438 to €49,598
- Depreciation -€7,051
down €7,051 (-18.8%), from €37,481 to €30,429
- Gross operating margin +€2,749
up €2,749 (+10.7%), from €25,649 to €28,398
- Other operating charges +€1,087
up €1,087 (+17.0%), from €6,404 to €7,491
- Financial charges +€759
up €759 (+38.3%), from €1,981 to €2,740
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.
Cash bridge derived
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 | €177,291 | €155,769 | -€21,522 | -12.1% |
| Fixed assets | 21/28 | €98,653 | €75,082 | -€23,571 | -23.9% |
| Intangible fixed assets | 21 | €926 | - | -€926 | |
| Tangible fixed assets | 22/27 | €97,727 | €75,082 | -€22,645 | -23.2% |
| Land and buildings | 22 | €76,924 | €54,166 | -€22,758 | -29.6% |
| Plant, machinery and equipment | 23 | €20,199 | €16,902 | -€3,297 | -16.3% |
| Furniture and vehicles | 24 | €604 | €4,014 | +€3,410 | +564.5% |
| Current assets | 29/58 | €78,639 | €80,688 | +€2,049 | +2.6% |
| Stocks and contracts in progress | 3 | €477 | €519 | +€42 | +8.7% |
| Stocks | 30/36 | €477 | €519 | +€42 | +8.7% |
| Amounts receivable within one year | 40/41 | €71,700 | €71,112 | -€588 | -0.8% |
| Trade receivables | 40 | €71,700 | €70,599 | -€1,100 | -1.5% |
| Other amounts receivable | 41 | - | €512 | +€512 | |
| Cash at bank and in hand | 54/58 | - | €4,274 | +€4,274 | |
| Deferred charges and accrued income | 490/1 | €6,461 | €4,783 | -€1,678 | -26.0% |
| Total equity and liabilities | 10/49 | €177,291 | €155,769 | -€21,522 | -12.1% |
| Equity | 10/15 | €49,213 | €36,629 | -€12,584 | -25.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €153,800 | €152,874 | -€926 | -0.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €926 | €0 | -€926 | -100.0% |
| Distributable reserves | 133 | €151,015 | €151,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,784 | -€122,442 | -€11,658 | -10.5% |
| Amounts payable | 17/49 | €128,078 | €119,140 | -€8,938 | -7.0% |
| Amounts payable within one year | 42/48 | €128,078 | €119,140 | -€8,938 | -7.0% |
| Financial debts | 43 | €1,619 | - | -€1,619 | |
| Credit institutions | 430/8 | €1,619 | - | -€1,619 | |
| Trade debts | 44 | €70,147 | €64,921 | -€5,226 | -7.5% |
| Suppliers | 440/4 | €70,147 | €64,921 | -€5,226 | -7.5% |
| Taxes, remuneration and social security | 45 | €4,874 | €4,620 | -€254 | -5.2% |
| Taxes | 450/3 | €3,174 | €2,920 | -€254 | -8.0% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 47/48 | €51,438 | €49,598 | -€1,840 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,481 | €30,429 | -€7,051 | -18.8% |
| Other operating charges | 640/8 | €6,404 | €7,491 | +€1,087 | +17.0% |
| Gross operating margin | 9900 | €25,649 | €28,398 | +€2,749 | +10.7% |
| Operating profit (loss) | 9901 | -€18,236 | -€9,522 | +€8,714 | +47.8% |
| Financial income | 75/76B | €0 | €10 | +€10 | +25100.0% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +25100.0% |
| Financial charges | 65/66B | €1,981 | €2,740 | +€759 | +38.3% |
| Recurring financial charges | 65 | €1,981 | €2,740 | +€759 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,218 | -€12,252 | +€7,965 | +39.4% |
| Income taxes | 67/77 | €197 | €332 | +€135 | +68.3% |
| Profit (loss) for the period | 9904 | -€20,415 | -€12,584 | +€7,831 | +38.4% |
| Transfer from tax-exempt reserves | 789 | €926 | €926 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,488 | -€11,658 | +€7,831 | +40.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.