SAARR: 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.
SAARR
Largest movements
- Stocks and contracts +€10,281
up €10,281 (+92.8%), from €11,079 to €21,359
- Cash +€6,909
up €6,909 (+82.2%), from €8,402 to €15,312
mainly Net result for the year (+€8,902) and Tax, wage and social debts (+€6,411)
- Tangible fixed assets -€3,491
down €3,491 (-24.5%), from €14,252 to €10,761
- Receivables within one year +€544
up €544 (+25.7%), from €2,118 to €2,661
- Profit (loss) carried forward +€8,794
up €8,794 (+87.7%), from €10,031 to €18,825
- Tax, wage and social debts +€6,411
up €6,411 (+137%), from €4,682 to €11,094
of which Remuneration and social security: +€4,632
- Trade debts -€963
down €963 (-38.9%), from €2,478 to €1,515
- Gross operating margin +€12,076
up €12,076 (+201%), from €6,015 to €18,091
- Taxes +€2,214
up €2,214 (+4,889%), from €45 to €2,259
- Other operating charges +€798
up €798 (+119%), from €670 to €1,468
- Depreciation +€363
up €363 (+7.3%), from €4,945 to €5,308
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 | €35,851 | €50,093 | +€14,242 | +39.7% |
| Fixed assets | 21/28 | €14,252 | €10,761 | -€3,491 | -24.5% |
| Tangible fixed assets | 22/27 | €14,252 | €10,761 | -€3,491 | -24.5% |
| Furniture and vehicles | 24 | €14,252 | €10,761 | -€3,491 | -24.5% |
| Current assets | 29/58 | €21,599 | €39,332 | +€17,733 | +82.1% |
| Stocks and contracts in progress | 3 | €11,079 | €21,359 | +€10,281 | +92.8% |
| Stocks | 30/36 | €11,079 | €21,359 | +€10,281 | +92.8% |
| Amounts receivable within one year | 40/41 | €2,118 | €2,661 | +€544 | +25.7% |
| Other amounts receivable | 41 | €2,118 | €2,661 | +€544 | +25.7% |
| Cash at bank and in hand | 54/58 | €8,402 | €15,312 | +€6,909 | +82.2% |
| Total equity and liabilities | 10/49 | €35,851 | €50,093 | +€14,242 | +39.7% |
| Equity | 10/15 | €28,691 | €37,485 | +€8,794 | +30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60 | €60 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60 | €60 | = | 0.0% |
| Reserves not available under the articles | 1311 | €60 | €60 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,031 | €18,825 | +€8,794 | +87.7% |
| Amounts payable | 17/49 | €7,160 | €12,608 | +€5,448 | +76.1% |
| Amounts payable within one year | 42/48 | €7,160 | €12,608 | +€5,448 | +76.1% |
| Trade debts | 44 | €2,478 | €1,515 | -€963 | -38.9% |
| Suppliers | 440/4 | €2,478 | €1,515 | -€963 | -38.9% |
| Taxes, remuneration and social security | 45 | €4,682 | €11,094 | +€6,411 | +137% |
| Taxes | 450/3 | €4,682 | €6,462 | +€1,779 | +38.0% |
| Remuneration and social security | 454/9 | - | €4,632 | +€4,632 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,945 | €5,308 | +€363 | +7.3% |
| Other operating charges | 640/8 | €670 | €1,468 | +€798 | +119% |
| Gross operating margin | 9900 | €6,015 | €18,091 | +€12,076 | +201% |
| Operating profit (loss) | 9901 | €401 | €11,315 | +€10,915 | +2,725% |
| Financial charges | 65/66B | €168 | €153 | -€14 | -8.4% |
| Recurring financial charges | 65 | €168 | €153 | -€14 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €233 | €11,162 | +€10,929 | +4,690% |
| Income taxes | 67/77 | €45 | €2,259 | +€2,214 | +4,889% |
| Profit (loss) for the period | 9904 | €188 | €8,902 | +€8,715 | +4,642% |
| Profit (loss) for the period to be appropriated | 9905 | €188 | €8,902 | +€8,715 | +4,642% |
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.