LES SARTS: 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.
LES SARTS
Largest movements
- Cash +€93,938
up €93,938 (+17.2%), from €545,604 to €639,542
mainly Other debts (+€40,595) and Net result for the year (+€40,146)
- Tangible fixed assets -€32,639
down €32,639 (-11.0%), from €297,518 to €264,878
of which Land and buildings: -€32,729
- Other debts +€40,595
up €40,595 (+11.3%), from €358,662 to €399,257
- Accrued charges and deferred income +€19,226
up €19,226 (+89.0%), from €21,605 to €40,831
- Gross operating margin -€21,516
down €21,516 (-14.4%), from €149,515 to €127,999
- Depreciation -€8,998
down €8,998 (-20.4%), from €44,096 to €35,098
- Financial income -€2,249
down €2,249 (-76.4%), from €2,945 to €696
- Other operating charges +€1,969
up €1,969 (+16.7%), from €11,766 to €13,735
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 | €847,736 | €909,739 | +€62,004 | +7.3% |
| Fixed assets | 21/28 | €297,518 | €264,878 | -€32,639 | -11.0% |
| Tangible fixed assets | 22/27 | €297,518 | €264,878 | -€32,639 | -11.0% |
| Land and buildings | 22 | €290,040 | €257,310 | -€32,729 | -11.3% |
| Plant, machinery and equipment | 23 | €5,218 | €5,635 | +€417 | +8.0% |
| Furniture and vehicles | 24 | €266 | €200 | -€67 | -25.0% |
| Other tangible fixed assets | 26 | €1,994 | €1,733 | -€261 | -13.1% |
| Current assets | 29/58 | €550,218 | €644,861 | +€94,643 | +17.2% |
| Amounts receivable within one year | 40/41 | €109 | €3,018 | +€2,909 | +2671.9% |
| Other amounts receivable | 41 | €109 | €3,018 | +€2,909 | +2671.9% |
| Cash at bank and in hand | 54/58 | €545,604 | €639,542 | +€93,938 | +17.2% |
| Deferred charges and accrued income | 490/1 | €4,505 | €2,301 | -€2,204 | -48.9% |
| Total equity and liabilities | 10/49 | €847,736 | €909,739 | +€62,004 | +7.3% |
| Equity | 10/15 | €442,124 | €440,663 | -€1,461 | -0.3% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €355,361 | €353,900 | -€1,461 | -0.4% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,015 | €16,554 | -€1,461 | -8.1% |
| Distributable reserves | 133 | €328,669 | €328,669 | = | 0.0% |
| Provisions and deferred taxes | 16 | €7,721 | €7,095 | -€626 | -8.1% |
| Deferred taxes | 168 | €7,721 | €7,095 | -€626 | -8.1% |
| Amounts payable | 17/49 | €397,891 | €461,982 | +€64,090 | +16.1% |
| Amounts payable within one year | 42/48 | €376,286 | €421,150 | +€44,864 | +11.9% |
| Trade debts | 44 | €391 | €4,660 | +€4,269 | +1092.2% |
| Suppliers | 440/4 | €391 | €4,660 | +€4,269 | +1092.2% |
| Taxes, remuneration and social security | 45 | €17,233 | €17,233 | +€0 | 0.0% |
| Taxes | 450/3 | €17,233 | €17,233 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €358,662 | €399,257 | +€40,595 | +11.3% |
| Accrued charges and deferred income | 492/3 | €21,605 | €40,831 | +€19,226 | +89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,096 | €35,098 | -€8,998 | -20.4% |
| Other operating charges | 640/8 | €11,766 | €13,735 | +€1,969 | +16.7% |
| Gross operating margin | 9900 | €149,515 | €127,999 | -€21,516 | -14.4% |
| Operating profit (loss) | 9901 | €93,653 | €79,166 | -€14,488 | -15.5% |
| Financial income | 75/76B | €2,945 | €696 | -€2,249 | -76.4% |
| Recurring financial income | 75 | €2,945 | €696 | -€2,249 | -76.4% |
| Financial charges | 65/66B | €23,215 | €23,215 | +€0 | 0.0% |
| Recurring financial charges | 65 | €23,215 | €23,215 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €73,384 | €56,647 | -€16,737 | -22.8% |
| Transfer from deferred taxes | 780 | €626 | €626 | = | 0.0% |
| Income taxes | 67/77 | €18,025 | €17,126 | -€899 | -5.0% |
| Profit (loss) for the period | 9904 | €55,985 | €40,146 | -€15,838 | -28.3% |
| Transfer from tax-exempt reserves | 789 | €1,461 | €1,461 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,445 | €41,607 | -€15,838 | -27.6% |
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 4 October 2026 via checked.be.