SAR AUTOMOTIVE: 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.
SAR AUTOMOTIVE
Largest movements
- Stocks and contracts +€871,015
up €871,015 (+45.0%), from €1.9m to €2.8m
- Cash -€371,093
down €371,093 (-82.8%), from €447,970 to €76,878
mainly Other debts (-€1.2m) and Stocks and contracts (-€871,015)
- Receivables within one year +€217,904
up €217,904 (+70.3%), from €310,048 to €527,952
of which Trade receivables: +€406,863
- Tangible fixed assets +€69,460
new in 2025: €69,460
of which Other tangible fixed assets: +€51,765
- Profit (loss) carried forward +€1.7m
up €1.7m (+302%), from €561,823 to €2.3m
- Other debts -€1.2m
down €1.2m (-95.0%), from €1.3m to €65,000
- Tax, wage and social debts +€561,086
up €561,086 (+311%), from €180,610 to €741,697
- Trade debts -€241,662
down €241,662 (-40.0%), from €604,630 to €362,968
- Gross operating margin +€1.5m
up €1.5m (+206%), from €742,715 to €2.3m
- Taxes +€371,580
up €371,580 (+206%), from €180,608 to €552,188
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 | €2,692,064 | €3,479,349 | +€787,286 | +29.2% |
| Fixed assets | 21/28 | - | €69,460 | +€69,460 | |
| Tangible fixed assets | 22/27 | - | €69,460 | +€69,460 | |
| Plant, machinery and equipment | 23 | - | €4,790 | +€4,790 | |
| Furniture and vehicles | 24 | - | €12,904 | +€12,904 | |
| Other tangible fixed assets | 26 | - | €51,765 | +€51,765 | |
| Current assets | 29/58 | €2,692,064 | €3,409,890 | +€717,826 | +26.7% |
| Stocks and contracts in progress | 3 | €1,934,045 | €2,805,060 | +€871,015 | +45.0% |
| Stocks | 30/36 | €1,934,045 | €2,805,060 | +€871,015 | +45.0% |
| Amounts receivable within one year | 40/41 | €310,048 | €527,952 | +€217,904 | +70.3% |
| Trade receivables | 40 | €105,513 | €512,376 | +€406,863 | +386% |
| Other amounts receivable | 41 | €204,535 | €15,576 | -€188,959 | -92.4% |
| Cash at bank and in hand | 54/58 | €447,970 | €76,878 | -€371,093 | -82.8% |
| Total equity and liabilities | 10/49 | €2,692,064 | €3,479,349 | +€787,286 | +29.2% |
| Equity | 10/15 | €611,823 | €2,309,684 | +€1.7m | +278% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €561,823 | €2,259,684 | +€1.7m | +302% |
| Amounts payable | 17/49 | €2,080,240 | €1,169,665 | -€910,575 | -43.8% |
| Amounts payable within one year | 42/48 | €2,080,240 | €1,169,665 | -€910,575 | -43.8% |
| Trade debts | 44 | €604,630 | €362,968 | -€241,662 | -40.0% |
| Suppliers | 440/4 | €604,630 | €362,968 | -€241,662 | -40.0% |
| Taxes, remuneration and social security | 45 | €180,610 | €741,697 | +€561,086 | +311% |
| Taxes | 450/3 | €180,610 | €741,697 | +€561,086 | +311% |
| Other amounts payable | 47/48 | €1,295,000 | €65,000 | -€1.2m | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,672 | +€2,672 | |
| Other operating charges | 640/8 | €300 | €17,853 | +€17,553 | +5,851% |
| Gross operating margin | 9900 | €742,715 | €2,271,250 | +€1.5m | +206% |
| Operating profit (loss) | 9901 | €742,415 | €2,250,725 | +€1.5m | +203% |
| Financial income | 75/76B | €121 | - | -€121 | |
| Recurring financial income | 75 | €121 | - | -€121 | |
| Financial charges | 65/66B | €104 | €677 | +€573 | +549% |
| Recurring financial charges | 65 | €104 | €677 | +€573 | +549% |
| Profit (loss) for the period before taxes | 9903 | €742,431 | €2,250,048 | +€1.5m | +203% |
| Income taxes | 67/77 | €180,608 | €552,188 | +€371,580 | +206% |
| Profit (loss) for the period | 9904 | €561,823 | €1,697,861 | +€1.1m | +202% |
| Profit (loss) for the period to be appropriated | 9905 | €561,823 | €1,697,861 | +€1.1m | +202% |
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 29 October 2026 via checked.be.