SAR EXPRESS TRADERS: 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 EXPRESS TRADERS
Largest movements
- Cash -€7,574
down €7,574 (-38.9%), from €19,458 to €11,885
mainly Stocks and contracts (-€6,391) and Net result for the year (-€6,228)
- Stocks and contracts +€6,391
up €6,391 (+20.1%), from €31,772 to €38,163
- Deferred charges and accrued income -€3,747
no longer reported in 2025 (was €3,747)
- Tangible fixed assets +€2,857
new in 2025: €2,857
- Profit (loss) carried forward -€6,228
down €6,228 (-19.0%), from €32,761 to €26,533
- Trade debts +€2,235
up €2,235 (+87.6%), from €2,550 to €4,785
- Tax, wage and social debts +€761
up €761 (+41.4%), from €1,835 to €2,596
- Short-term financial debts +€603
new in 2025: €603
- Purchases and services +€31,304
up €31,304 (+16.9%), from €185,324 to €216,628
- Turnover +€19,998
up €19,998 (+10.1%), from €197,590 to €217,588
- Gross operating margin -€5,184
down €5,184 (-42.3%), from €12,266 to €7,081
- Taxes +€2,390
new in 2025: €2,390
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 | €56,185 | €53,556 | -€2,629 | -4.7% |
| Fixed assets | 21/28 | - | €2,857 | +€2,857 | |
| Tangible fixed assets | 22/27 | - | €2,857 | +€2,857 | |
| Furniture and vehicles | 24 | - | €2,857 | +€2,857 | |
| Current assets | 29/58 | €56,185 | €50,699 | -€5,486 | -9.8% |
| Stocks and contracts in progress | 3 | €31,772 | €38,163 | +€6,391 | +20.1% |
| Stocks | 30/36 | €31,772 | €38,163 | +€6,391 | +20.1% |
| Amounts receivable within one year | 40/41 | €1,208 | €651 | -€556 | -46.1% |
| Trade receivables | 40 | - | €651 | +€651 | |
| Other amounts receivable | 41 | €1,208 | - | -€1,208 | |
| Cash at bank and in hand | 54/58 | €19,458 | €11,885 | -€7,574 | -38.9% |
| Deferred charges and accrued income | 490/1 | €3,747 | - | -€3,747 | |
| Total equity and liabilities | 10/49 | €56,185 | €53,556 | -€2,629 | -4.7% |
| Equity | 10/15 | €51,799 | €45,571 | -€6,228 | -12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €438 | €438 | = | 0.0% |
| Non-distributable reserves | 130/1 | €438 | €438 | = | 0.0% |
| Reserves not available under the articles | 1311 | €438 | €438 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,761 | €26,533 | -€6,228 | -19.0% |
| Amounts payable | 17/49 | €4,386 | €7,984 | +€3,599 | +82.1% |
| Amounts payable within one year | 42/48 | €4,386 | €7,984 | +€3,599 | +82.1% |
| Financial debts | 43 | - | €603 | +€603 | |
| Credit institutions | 430/8 | - | €603 | +€603 | |
| Trade debts | 44 | €2,550 | €4,785 | +€2,235 | +87.6% |
| Suppliers | 440/4 | €2,550 | €4,785 | +€2,235 | +87.6% |
| Taxes, remuneration and social security | 45 | €1,835 | €2,596 | +€761 | +41.4% |
| Taxes | 450/3 | €1,835 | €2,596 | +€761 | +41.4% |
| Turnover | 70 | €197,590 | €217,588 | +€19,998 | +10.1% |
| Non-recurring operating income | 76A | - | €2,453 | +€2,453 | |
| Goods, raw materials, services and sundry goods | 60/61 | €185,324 | €216,628 | +€31,304 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €735 | +€735 | |
| Other operating charges | 640/8 | €9,309 | €9,773 | +€464 | +5.0% |
| Gross operating margin | 9900 | €12,266 | €7,081 | -€5,184 | -42.3% |
| Operating profit (loss) | 9901 | €2,957 | -€3,427 | -€6,383 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €413 | €412 | -€1 | -0.3% |
| Recurring financial charges | 65 | €413 | €412 | -€1 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €2,544 | -€3,838 | -€6,382 | |
| Income taxes | 67/77 | - | €2,390 | +€2,390 | |
| Profit (loss) for the period | 9904 | €2,544 | -€6,228 | -€8,772 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,544 | -€6,228 | -€8,772 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.