SAR: 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.
SAR
Largest movements
- Receivables within one year +€2.8m
up €2.8m (+545.7%), from €519,195 to €3.4m
of which Trade receivables: +€2.9m
- Cash +€152,579
up €152,579 (+2475.4%), from €6,164 to €158,743
mainly Trade debts (+€2.8m) and Tax, wage and social debts (+€169,771)
- Trade debts +€2.8m
up €2.8m (+881.5%), from €321,178 to €3.2m
- Tax, wage and social debts +€169,771
up €169,771 (+125.1%), from €135,661 to €305,433
of which Remuneration and social security: +€113,124
- Other debts -€38,727
no longer reported in 2024 (was €38,727)
- Staff costs +€2.6m
up €2.6m (+340.8%), from €775,628 to €3.4m
- Gross operating margin +€2.5m
up €2.5m (+279.1%), from €909,667 to €3.4m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €577,728 | €3,550,184 | +€3.0m | +514.5% |
| Fixed assets | 21/28 | €52,370 | €38,783 | -€13,587 | -25.9% |
| Tangible fixed assets | 22/27 | €52,370 | €38,783 | -€13,587 | -25.9% |
| Plant, machinery and equipment | 23 | €31,954 | €24,455 | -€7,499 | -23.5% |
| Furniture and vehicles | 24 | €20,416 | €14,328 | -€6,088 | -29.8% |
| Current assets | 29/58 | €525,358 | €3,511,401 | +€3.0m | +568.4% |
| Amounts receivable within one year | 40/41 | €519,195 | €3,352,658 | +€2.8m | +545.7% |
| Trade receivables | 40 | €480,600 | €3,351,640 | +€2.9m | +597.4% |
| Other amounts receivable | 41 | €38,595 | €1,018 | -€37,577 | -97.4% |
| Cash at bank and in hand | 54/58 | €6,164 | €158,743 | +€152,579 | +2475.4% |
| Total equity and liabilities | 10/49 | €577,728 | €3,550,184 | +€3.0m | +514.5% |
| Equity | 10/15 | €82,162 | €92,324 | +€10,161 | +12.4% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €74,662 | €74,662 | = | 0.0% |
| Non-distributable reserves | 130/1 | €79 | €79 | = | 0.0% |
| Reserves not available under the articles | 1311 | €79 | €79 | = | 0.0% |
| Distributable reserves | 133 | €74,584 | €74,584 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €10,161 | +€10,161 | |
| Amounts payable | 17/49 | €495,566 | €3,457,860 | +€3.0m | +597.8% |
| Amounts payable within one year | 42/48 | €495,566 | €3,457,860 | +€3.0m | +597.8% |
| Trade debts | 44 | €321,178 | €3,152,427 | +€2.8m | +881.5% |
| Suppliers | 440/4 | €321,178 | €3,152,427 | +€2.8m | +881.5% |
| Taxes, remuneration and social security | 45 | €135,661 | €305,433 | +€169,771 | +125.1% |
| Taxes | 450/3 | €35,635 | €92,282 | +€56,647 | +159.0% |
| Remuneration and social security | 454/9 | €100,027 | €213,151 | +€113,124 | +113.1% |
| Other amounts payable | 47/48 | €38,727 | - | -€38,727 | |
| Remuneration, social security and pensions | 62 | €775,628 | €3,419,324 | +€2.6m | +340.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,476 | €13,587 | +€4,110 | +43.4% |
| Other operating charges | 640/8 | €1,402 | €1,519 | +€117 | +8.3% |
| Gross operating margin | 9900 | €909,667 | €3,448,845 | +€2.5m | +279.1% |
| Operating profit (loss) | 9901 | €123,160 | €14,415 | -€108,745 | -88.3% |
| Financial charges | 65/66B | €60 | €555 | +€495 | +825.5% |
| Recurring financial charges | 65 | €60 | €555 | +€495 | +825.5% |
| Profit (loss) for the period before taxes | 9903 | €123,100 | €13,860 | -€109,240 | -88.7% |
| Income taxes | 67/77 | €35,635 | €3,699 | -€31,936 | -89.6% |
| Profit (loss) for the period | 9904 | €87,466 | €10,161 | -€77,304 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,466 | €10,161 | -€77,304 | -88.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.