SAR INTERNATIONAL: what changed
SAR INTERNATIONAL
Largest movements
- Stocks and contracts -€5,886
down €5,886 (-5.9%), from €99,903 to €94,018
- Tangible fixed assets +€4,733
up €4,733 (+56.4%), from €8,398 to €13,131
of which Plant, machinery and equipment: +€3,573
- Cash -€4,500
down €4,500 (-10.1%), from €44,343 to €39,843
mainly Other debts (-€12,969) and Investment in fixed assets (net) (-€8,554)
- Receivables within one year +€4,268
up €4,268 (+9.8%), from €43,584 to €47,852
of which Trade receivables: +€4,267
- Other debts -€12,969
down €12,969 (-61.1%), from €21,238 to €8,270
- Profit (loss) carried forward +€11,998
up €11,998 (+28.1%), from €42,762 to €54,760
- Tax, wage and social debts -€6,637
down €6,637 (-12.4%), from €53,479 to €46,842
of which Taxes: -€12,449
- Current portion of long-term debt +€3,742
new in 2024: €3,742
- Staff costs -€9,464
down €9,464 (-17.0%), from €55,570 to €46,106
- Gross operating margin +€7,435
up €7,435 (+10.0%), from €74,074 to €81,509
- Financial charges +€5,497
up €5,497 (+85.6%), from €6,421 to €11,918
- Taxes +€2,195
up €2,195 (+142%), from €1,547 to €3,742
- Other operating charges +€1,172
up €1,172 (+51.7%), from €2,266 to €3,438
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €199,060 | €196,294 | -€2,766 | -1.4% |
| Fixed assets | 21/28 | €9,832 | €14,079 | +€4,247 | +43.2% |
| Intangible fixed assets | 21 | €1,434 | €948 | -€486 | -33.9% |
| Tangible fixed assets | 22/27 | €8,398 | €13,131 | +€4,733 | +56.4% |
| Plant, machinery and equipment | 23 | €5 | €3,578 | +€3,573 | +71,463% |
| Furniture and vehicles | 24 | €4,953 | €2,986 | -€1,967 | -39.7% |
| Other tangible fixed assets | 26 | €3,440 | €6,567 | +€3,126 | +90.9% |
| Current assets | 29/58 | €189,229 | €182,215 | -€7,013 | -3.7% |
| Stocks and contracts in progress | 3 | €99,903 | €94,018 | -€5,886 | -5.9% |
| Stocks | 30/36 | €99,903 | €94,018 | -€5,886 | -5.9% |
| Amounts receivable within one year | 40/41 | €43,584 | €47,852 | +€4,268 | +9.8% |
| Trade receivables | 40 | €43,584 | €47,852 | +€4,267 | +9.8% |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €44,343 | €39,843 | -€4,500 | -10.1% |
| Deferred charges and accrued income | 490/1 | €1,398 | €502 | -€896 | -64.1% |
| Total equity and liabilities | 10/49 | €199,060 | €196,294 | -€2,766 | -1.4% |
| Equity | 10/15 | €57,762 | €69,760 | +€11,998 | +20.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,762 | €54,760 | +€11,998 | +28.1% |
| Amounts payable | 17/49 | €141,298 | €126,534 | -€14,764 | -10.4% |
| Amounts payable within one year | 42/48 | €141,298 | €126,441 | -€14,857 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | - | €3,742 | +€3,742 | |
| Trade debts | 44 | €66,581 | €67,587 | +€1,007 | +1.5% |
| Suppliers | 440/4 | €66,581 | €67,587 | +€1,007 | +1.5% |
| Taxes, remuneration and social security | 45 | €53,479 | €46,842 | -€6,637 | -12.4% |
| Taxes | 450/3 | €33,845 | €21,396 | -€12,449 | -36.8% |
| Remuneration and social security | 454/9 | €19,634 | €25,446 | +€5,811 | +29.6% |
| Other amounts payable | 47/48 | €21,238 | €8,270 | -€12,969 | -61.1% |
| Accrued charges and deferred income | 492/3 | - | €93 | +€93 | |
| Remuneration, social security and pensions | 62 | €55,570 | €46,106 | -€9,464 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,272 | €4,307 | +€1,036 | +31.7% |
| Other operating charges | 640/8 | €2,266 | €3,438 | +€1,172 | +51.7% |
| Gross operating margin | 9900 | €74,074 | €81,509 | +€7,435 | +10.0% |
| Operating profit (loss) | 9901 | €12,966 | €27,658 | +€14,692 | +113% |
| Financial income | 75/76B | €10 | €0 | -€10 | -95.9% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -95.9% |
| Financial charges | 65/66B | €6,421 | €11,918 | +€5,497 | +85.6% |
| Recurring financial charges | 65 | €6,421 | €11,918 | +€5,497 | +85.6% |
| Profit (loss) for the period before taxes | 9903 | €6,555 | €15,740 | +€9,185 | +140% |
| Income taxes | 67/77 | €1,547 | €3,742 | +€2,195 | +142% |
| Profit (loss) for the period | 9904 | €5,008 | €11,998 | +€6,989 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €5,008 | €11,998 | +€6,989 | +140% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.