SADHAR: 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.
SADHAR
Largest movements
- Stocks and contracts +€17,194
up €17,194 (+125.5%), from €13,705 to €30,899
- Cash -€1,085
down €1,085 (-76.7%), from €1,414 to €329
mainly Stocks and contracts (-€17,194) and Debts after one year (-€2,400)
- Deferred charges and accrued income +€320
up €320 (+191.4%), from €167 to €488
- Tax, wage and social debts +€15,748
up €15,748 (+237.4%), from €6,633 to €22,381
of which Remuneration and social security: +€13,022
- Profit (loss) carried forward +€3,214
up €3,214 (+83.7%), from €3,841 to €7,055
- Debts after one year -€2,400
down €2,400 (-60.0%), from €4,000 to €1,600
- Turnover +€79,896
up €79,896 (+18.0%), from €442,992 to €522,887
- Staff costs +€28,591
up €28,591 (+181.9%), from €15,714 to €44,305
- Gross operating margin +€28,179
up €28,179 (+131.8%), from €21,384 to €49,563
- Purchases and services +€20,926
up €20,926 (+4.6%), from €454,312 to €475,239
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 | €15,286 | €31,716 | +€16,429 | +107.5% |
| Current assets | 29/58 | €15,286 | €31,716 | +€16,429 | +107.5% |
| Stocks and contracts in progress | 3 | €13,705 | €30,899 | +€17,194 | +125.5% |
| Stocks | 30/36 | €13,705 | €30,899 | +€17,194 | +125.5% |
| Cash at bank and in hand | 54/58 | €1,414 | €329 | -€1,085 | -76.7% |
| Deferred charges and accrued income | 490/1 | €167 | €488 | +€320 | +191.4% |
| Total equity and liabilities | 10/49 | €15,286 | €31,716 | +€16,429 | +107.5% |
| Equity | 10/15 | €3,841 | €7,055 | +€3,214 | +83.7% |
| Profit (loss) carried forward | 14 | €3,841 | €7,055 | +€3,214 | +83.7% |
| Amounts payable | 17/49 | €11,445 | €24,661 | +€13,215 | +115.5% |
| Amounts payable after more than one year | 17 | €4,000 | €1,600 | -€2,400 | -60.0% |
| Other amounts payable | 178/9 | €4,000 | €1,600 | -€2,400 | -60.0% |
| Amounts payable within one year | 42/48 | €7,445 | €23,061 | +€15,615 | +209.7% |
| Trade debts | 44 | €713 | €680 | -€33 | -4.7% |
| Suppliers | 440/4 | €713 | €680 | -€33 | -4.7% |
| Taxes, remuneration and social security | 45 | €6,633 | €22,381 | +€15,748 | +237.4% |
| Taxes | 450/3 | €3,951 | €6,677 | +€2,726 | +69.0% |
| Remuneration and social security | 454/9 | €2,681 | €15,704 | +€13,022 | +485.6% |
| Other amounts payable | 47/48 | €100 | - | -€100 | |
| Turnover | 70 | €442,992 | €522,887 | +€79,896 | +18.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €454,312 | €475,239 | +€20,926 | +4.6% |
| Remuneration, social security and pensions | 62 | €15,714 | €44,305 | +€28,591 | +181.9% |
| Other operating charges | 640/8 | €775 | €1,137 | +€362 | +46.8% |
| Gross operating margin | 9900 | €21,384 | €49,563 | +€28,179 | +131.8% |
| Operating profit (loss) | 9901 | €4,894 | €4,121 | -€774 | -15.8% |
| Financial charges | 65/66B | €93 | €103 | +€10 | +10.8% |
| Recurring financial charges | 65 | €93 | €103 | +€10 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €4,801 | €4,018 | -€784 | -16.3% |
| Income taxes | 67/77 | €960 | €804 | -€157 | -16.3% |
| Profit (loss) for the period | 9904 | €3,841 | €3,214 | -€627 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,841 | €3,214 | -€627 | -16.3% |
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 12 October 2026 via checked.be.