SADERA: 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.
SADERA
Largest movements
- Cash +€2,911
up €2,911 (+78.9%), from €3,690 to €6,601
mainly Net result for the year (+€30,503) and Depreciation (+€1,080)
- Tangible fixed assets -€1,080
down €1,080 (-2.6%), from €41,941 to €40,861
- Deferred charges and accrued income +€823
up €823 (+67.1%), from €1,226 to €2,048
- Profit (loss) carried forward +€30,503
up €30,503 (+25.7%), from -€118,904 to -€88,401
- Other debts -€27,640
down €27,640 (-20.5%), from €134,790 to €107,151
- Short-term financial debts -€1,064
down €1,064 (-80.1%), from €1,329 to €264
- Tax, wage and social debts +€1,031
up €1,031 (+106%), from €971 to €2,002
- Gross operating margin -€7,932
down €7,932 (-19.2%), from €41,256 to €33,323
- Depreciation -€5,639
down €5,639 (-83.9%), from €6,719 to €1,080
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,291 | €51,993 | +€2,702 | +5.5% |
| Fixed assets | 21/28 | €41,941 | €40,861 | -€1,080 | -2.6% |
| Tangible fixed assets | 22/27 | €41,941 | €40,861 | -€1,080 | -2.6% |
| Land and buildings | 22 | €41,941 | €40,861 | -€1,080 | -2.6% |
| Current assets | 29/58 | €7,350 | €11,132 | +€3,782 | +51.5% |
| Amounts receivable within one year | 40/41 | €2,434 | €2,482 | +€48 | +2.0% |
| Trade receivables | 40 | €2,434 | €2,482 | +€48 | +2.0% |
| Cash at bank and in hand | 54/58 | €3,690 | €6,601 | +€2,911 | +78.9% |
| Deferred charges and accrued income | 490/1 | €1,226 | €2,048 | +€823 | +67.1% |
| Total equity and liabilities | 10/49 | €49,291 | €51,993 | +€2,702 | +5.5% |
| Equity | 10/15 | -€88,085 | -€57,582 | +€30,503 | +34.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,619 | €24,619 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,759 | €22,759 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,904 | -€88,401 | +€30,503 | +25.7% |
| Amounts payable | 17/49 | €137,376 | €109,575 | -€27,801 | -20.2% |
| Amounts payable within one year | 42/48 | €137,376 | €109,575 | -€27,801 | -20.2% |
| Financial debts | 43 | €1,329 | €264 | -€1,064 | -80.1% |
| Credit institutions | 430/8 | €1,329 | €264 | -€1,064 | -80.1% |
| Trade debts | 44 | €286 | €158 | -€128 | -44.7% |
| Suppliers | 440/4 | €286 | €158 | -€128 | -44.7% |
| Taxes, remuneration and social security | 45 | €971 | €2,002 | +€1,031 | +106% |
| Taxes | 450/3 | €971 | €2,002 | +€1,031 | +106% |
| Other amounts payable | 47/48 | €134,790 | €107,151 | -€27,640 | -20.5% |
| Non-recurring operating income | 76A | €4,900 | - | -€4,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,719 | €1,080 | -€5,639 | -83.9% |
| Other operating charges | 640/8 | €1,562 | €1,348 | -€214 | -13.7% |
| Gross operating margin | 9900 | €41,256 | €33,323 | -€7,932 | -19.2% |
| Operating profit (loss) | 9901 | €32,974 | €30,895 | -€2,079 | -6.3% |
| Financial income | 75/76B | €17 | €1 | -€17 | -95.8% |
| Recurring financial income | 75 | €17 | €1 | -€17 | -95.8% |
| Financial charges | 65/66B | €334 | €206 | -€128 | -38.4% |
| Recurring financial charges | 65 | €334 | €206 | -€128 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €32,658 | €30,690 | -€1,968 | -6.0% |
| Income taxes | 67/77 | €286 | €187 | -€99 | -34.6% |
| Profit (loss) for the period | 9904 | €32,372 | €30,503 | -€1,869 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,372 | €30,503 | -€1,869 | -5.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.