SARA: 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.
SARA
Largest movements
- Cash +€12,063
up €12,063 (+8.6%), from €140,902 to €152,965
mainly Net result for the year (+€31,205) and Depreciation (+€8,089)
- Tangible fixed assets -€4,420
down €4,420 (-15.0%), from €29,379 to €24,959
of which Furniture and vehicles: -€3,439
- Receivables within one year -€4,236
down €4,236 (-22.8%), from €18,570 to €14,334
of which Trade receivables: -€10,205
- Stocks and contracts -€3,547
down €3,547 (-66.7%), from €5,317 to €1,770
- Reserves +€31,205
up €31,205 (+40.2%), from €77,547 to €108,752
- Accrued charges and deferred income -€10,650
down €10,650 (-100.0%), from €10,650 to €0
- Other debts -€8,930
down €8,930 (-25.5%), from €34,990 to €26,060
- Trade debts -€7,476
down €7,476 (-69.4%), from €10,778 to €3,302
- Debts after one year -€4,180
down €4,180 (-17.4%), from €24,010 to €19,830
- Taxes +€4,184
up €4,184 (+41.1%), from €10,187 to €14,371
- Financial charges +€2,796
up €2,796 (+76.3%), from €3,664 to €6,460
- Gross operating margin +€1,407
up €1,407 (+2.1%), from €66,045 to €67,453
- Staff costs -€1,142
down €1,142 (-16.2%), from €7,035 to €5,893
- Other operating charges -€1,130
down €1,130 (-43.5%), from €2,598 to €1,468
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 | €194,167 | €194,028 | -€139 | -0.1% |
| Fixed assets | 21/28 | €29,379 | €24,959 | -€4,420 | -15.0% |
| Tangible fixed assets | 22/27 | €29,379 | €24,959 | -€4,420 | -15.0% |
| Plant, machinery and equipment | 23 | €2,955 | €1,973 | -€981 | -33.2% |
| Furniture and vehicles | 24 | €26,424 | €22,986 | -€3,439 | -13.0% |
| Current assets | 29/58 | €164,789 | €169,069 | +€4,281 | +2.6% |
| Stocks and contracts in progress | 3 | €5,317 | €1,770 | -€3,547 | -66.7% |
| Stocks | 30/36 | €5,317 | €1,770 | -€3,547 | -66.7% |
| Amounts receivable within one year | 40/41 | €18,570 | €14,334 | -€4,236 | -22.8% |
| Trade receivables | 40 | €18,349 | €8,144 | -€10,205 | -55.6% |
| Other amounts receivable | 41 | €221 | €6,190 | +€5,969 | +2701.0% |
| Cash at bank and in hand | 54/58 | €140,902 | €152,965 | +€12,063 | +8.6% |
| Total equity and liabilities | 10/49 | €194,167 | €194,028 | -€139 | -0.1% |
| Equity | 10/15 | €96,147 | €127,352 | +€31,205 | +32.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,547 | €108,752 | +€31,205 | +40.2% |
| Distributable reserves | 133 | €77,547 | €108,752 | +€31,205 | +40.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €98,020 | €66,676 | -€31,344 | -32.0% |
| Amounts payable after more than one year | 17 | €24,010 | €19,830 | -€4,180 | -17.4% |
| Financial debts | 170/4 | €24,010 | €19,830 | -€4,180 | -17.4% |
| Amounts payable within one year | 42/48 | €63,360 | €46,845 | -€16,514 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €3,943 | €4,180 | +€236 | +6.0% |
| Trade debts | 44 | €10,778 | €3,302 | -€7,476 | -69.4% |
| Suppliers | 440/4 | €10,778 | €3,302 | -€7,476 | -69.4% |
| Taxes, remuneration and social security | 45 | €13,649 | €13,304 | -€344 | -2.5% |
| Taxes | 450/3 | €13,535 | €12,880 | -€655 | -4.8% |
| Remuneration and social security | 454/9 | €114 | €424 | +€311 | +273.5% |
| Other amounts payable | 47/48 | €34,990 | €26,060 | -€8,930 | -25.5% |
| Accrued charges and deferred income | 492/3 | €10,650 | €0 | -€10,650 | -100.0% |
| Remuneration, social security and pensions | 62 | €7,035 | €5,893 | -€1,142 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,707 | €8,089 | +€382 | +5.0% |
| Other operating charges | 640/8 | €2,598 | €1,468 | -€1,130 | -43.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €66,045 | €67,453 | +€1,407 | +2.1% |
| Operating profit (loss) | 9901 | €48,705 | €52,003 | +€3,297 | +6.8% |
| Financial income | 75/76B | €24 | €33 | +€9 | +38.2% |
| Recurring financial income | 75 | €24 | €33 | +€9 | +38.2% |
| Financial charges | 65/66B | €3,664 | €6,460 | +€2,796 | +76.3% |
| Recurring financial charges | 65 | €3,664 | €6,460 | +€2,796 | +76.3% |
| Profit (loss) for the period before taxes | 9903 | €45,065 | €45,576 | +€511 | +1.1% |
| Income taxes | 67/77 | €10,187 | €14,371 | +€4,184 | +41.1% |
| Profit (loss) for the period | 9904 | €34,878 | €31,205 | -€3,673 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,878 | €31,205 | -€3,673 | -10.5% |
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 9 October 2026 via checked.be.