SARA: 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.
SARA
Largest movements
- Cash +€7,632
up €7,632 (+112.4%), from €6,790 to €14,422
mainly Trade debts (+€10,680) and Other debts (+€3,366)
- Stocks and contracts +€5,289
up €5,289 (+6.3%), from €83,999 to €89,288
- Receivables within one year -€1,742
down €1,742 (-21.4%), from €8,147 to €6,406
of which Other amounts receivable: -€962
- Trade debts +€10,680
up €10,680 (+31.7%), from €33,712 to €44,392
- Other debts +€3,366
up €3,366 (+35.1%), from €9,584 to €12,950
- Profit (loss) carried forward -€2,866
down €2,866 (-7.8%), from €36,738 to €33,872
- Financial income -€5,727
no longer reported in 2025 (was €5,727)
of which Financial income: -€5,727
- Gross operating margin -€1,574
down €1,574 (-45.1%), from -€3,492 to -€5,066
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 | €100,486 | €111,665 | +€11,180 | +11.1% |
| Fixed assets | 21/28 | €1,549 | €1,549 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €1,549 | €1,549 | = | 0.0% |
| Current assets | 29/58 | €98,936 | €110,116 | +€11,180 | +11.3% |
| Stocks and contracts in progress | 3 | €83,999 | €89,288 | +€5,289 | +6.3% |
| Stocks | 30/36 | €83,999 | €89,288 | +€5,289 | +6.3% |
| Amounts receivable within one year | 40/41 | €8,147 | €6,406 | -€1,742 | -21.4% |
| Trade receivables | 40 | €6,650 | €5,870 | -€780 | -11.7% |
| Other amounts receivable | 41 | €1,497 | €536 | -€962 | -64.2% |
| Cash at bank and in hand | 54/58 | €6,790 | €14,422 | +€7,632 | +112.4% |
| Total equity and liabilities | 10/49 | €100,486 | €111,665 | +€11,180 | +11.1% |
| Equity | 10/15 | €57,189 | €54,324 | -€2,866 | -5.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,738 | €33,872 | -€2,866 | -7.8% |
| Amounts payable | 17/49 | €43,296 | €57,342 | +€14,046 | +32.4% |
| Amounts payable within one year | 42/48 | €43,296 | €57,342 | +€14,046 | +32.4% |
| Trade debts | 44 | €33,712 | €44,392 | +€10,680 | +31.7% |
| Suppliers | 440/4 | €33,712 | €44,392 | +€10,680 | +31.7% |
| Other amounts payable | 47/48 | €9,584 | €12,950 | +€3,366 | +35.1% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | -€3,492 | -€5,066 | -€1,574 | -45.1% |
| Operating profit (loss) | 9901 | -€3,556 | -€5,131 | -€1,576 | -44.3% |
| Financial income | 75/76B | €5,727 | - | -€5,727 | |
| Recurring financial income | 75 | €5,727 | - | -€5,727 | |
| Non-recurring financial income | 76B | €5,727 | - | -€5,727 | |
| Financial charges | 65/66B | €41 | €45 | +€5 | +11.3% |
| Recurring financial charges | 65 | €41 | €45 | +€5 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €2,131 | -€5,177 | -€7,307 | |
| Profit (loss) for the period | 9904 | €2,131 | -€5,177 | -€7,307 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,131 | -€5,177 | -€7,307 |
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 3 October 2026 via checked.be.