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
- Stocks and contracts +€1,491
up €1,491 (+181.3%), from €822 to €2,313
- Cash -€928
down €928 (-6.7%), from €13,861 to €12,933
mainly Other debts (-€4,295) and Net result for the year (-€3,122)
- Receivables within one year -€733
down €733 (-92.5%), from €793 to €60
of which Trade receivables: -€733
- Tangible fixed assets -€300
down €300 (-85.7%), from €350 to €50
- Tax, wage and social debts +€5,123
up €5,123 (+730.2%), from €702 to €5,825
of which Remuneration and social security: +€4,737
- Other debts -€4,295
down €4,295 (-91.2%), from €4,711 to €416
- Profit (loss) carried forward -€3,122
down €3,122 (-47.0%), from -€6,642 to -€9,764
- Trade debts +€1,713
up €1,713 (+59.0%), from €2,901 to €4,614
- Staff costs +€3,982
up €3,982 (+119.8%), from €3,322 to €7,304
- Gross operating margin -€1,575
down €1,575 (-19.1%), from €8,240 to €6,665
- Other operating charges +€304
up €304 (+16.6%), from €1,828 to €2,132
- Financial income +€106
up €106 (+2709.9%), from €4 to €110
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 | €20,438 | €19,856 | -€582 | -2.8% |
| Fixed assets | 21/28 | €4,850 | €4,550 | -€300 | -6.2% |
| Tangible fixed assets | 22/27 | €350 | €50 | -€300 | -85.7% |
| Plant, machinery and equipment | 23 | €350 | €50 | -€300 | -85.7% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €15,588 | €15,306 | -€282 | -1.8% |
| Stocks and contracts in progress | 3 | €822 | €2,313 | +€1,491 | +181.3% |
| Stocks | 30/36 | €822 | €2,313 | +€1,491 | +181.3% |
| Amounts receivable within one year | 40/41 | €793 | €60 | -€733 | -92.5% |
| Trade receivables | 40 | €793 | €60 | -€733 | -92.5% |
| Other amounts receivable | 41 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €13,861 | €12,933 | -€928 | -6.7% |
| Deferred charges and accrued income | 490/1 | €112 | - | -€112 | |
| Total equity and liabilities | 10/49 | €20,438 | €19,856 | -€582 | -2.8% |
| Equity | 10/15 | €12,125 | €9,002 | -€3,122 | -25.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €174 | €174 | = | 0.0% |
| Non-distributable reserves | 130/1 | €174 | €174 | = | 0.0% |
| Reserves not available under the articles | 1311 | €174 | €174 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,642 | -€9,764 | -€3,122 | -47.0% |
| Amounts payable | 17/49 | €8,313 | €10,854 | +€2,541 | +30.6% |
| Amounts payable within one year | 42/48 | €8,313 | €10,854 | +€2,541 | +30.6% |
| Trade debts | 44 | €2,901 | €4,614 | +€1,713 | +59.0% |
| Suppliers | 440/4 | €2,901 | €4,614 | +€1,713 | +59.0% |
| Taxes, remuneration and social security | 45 | €702 | €5,825 | +€5,123 | +730.2% |
| Taxes | 450/3 | €596 | €983 | +€386 | +64.8% |
| Remuneration and social security | 454/9 | €105 | €4,842 | +€4,737 | +4497.1% |
| Other amounts payable | 47/48 | €4,711 | €416 | -€4,295 | -91.2% |
| Remuneration, social security and pensions | 62 | €3,322 | €7,304 | +€3,982 | +119.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €300 | = | 0.0% |
| Other operating charges | 640/8 | €1,828 | €2,132 | +€304 | +16.6% |
| Gross operating margin | 9900 | €8,240 | €6,665 | -€1,575 | -19.1% |
| Operating profit (loss) | 9901 | €2,790 | -€3,071 | -€5,861 | |
| Financial income | 75/76B | €4 | €110 | +€106 | +2709.9% |
| Recurring financial income | 75 | €4 | €110 | +€106 | +2709.9% |
| Financial charges | 65/66B | €239 | €162 | -€77 | -32.2% |
| Recurring financial charges | 65 | €140 | €162 | +€22 | +15.9% |
| Non-recurring financial charges | 66B | €99 | - | -€99 | |
| Profit (loss) for the period before taxes | 9903 | €2,555 | -€3,122 | -€5,678 | |
| Profit (loss) for the period | 9904 | €2,555 | -€3,122 | -€5,678 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,555 | -€3,122 | -€5,678 |
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 5 October 2026 via checked.be.