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
- Tangible fixed assets +€27,152
up €27,152 (+944%), from €2,876 to €30,028
of which Furniture and vehicles: +€28,306
- Cash -€9,820
down €9,820 (-27.3%), from €35,981 to €26,161
mainly Investment in fixed assets (net) (-€32,354) and Tax, wage and social debts (-€2,249)
- Deferred charges and accrued income -€4,132
down €4,132 (-41.4%), from €9,986 to €5,854
- Receivables within one year +€2,137
up €2,137 (+24.0%), from €8,899 to €11,036
of which Other amounts receivable: +€4,595
- Other debts +€14,021
up €14,021 (+460%), from €3,045 to €17,066
- Reserves +€3,338
up €3,338 (+9.2%), from €36,451 to €39,789
- Tax, wage and social debts -€2,249
down €2,249 (-55.6%), from €4,045 to €1,796
- Gross operating margin -€3,702
down €3,702 (-19.6%), from €18,906 to €15,204
- Financial charges +€2,700
up €2,700 (+124%), from €2,180 to €4,879
- Depreciation +€2,632
up €2,632 (+102%), from €2,570 to €5,202
- Other operating charges +€758
up €758 (+79.9%), from €948 to €1,706
- Staff costs -€414
down €414, from €207 to -€207
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.
Derived cash bridge
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 | €60,943 | €76,154 | +€15,211 | +25.0% |
| Fixed assets | 21/28 | €2,876 | €30,028 | +€27,152 | +944% |
| Tangible fixed assets | 22/27 | €2,876 | €30,028 | +€27,152 | +944% |
| Land and buildings | 22 | €1,618 | €1,117 | -€500 | -30.9% |
| Plant, machinery and equipment | 23 | €1,040 | €386 | -€654 | -62.9% |
| Furniture and vehicles | 24 | €218 | €28,524 | +€28,306 | +12,981% |
| Current assets | 29/58 | €58,067 | €46,126 | -€11,941 | -20.6% |
| Stocks and contracts in progress | 3 | €3,200 | €3,075 | -€125 | -3.9% |
| Stocks | 30/36 | €3,200 | €3,075 | -€125 | -3.9% |
| Amounts receivable within one year | 40/41 | €8,899 | €11,036 | +€2,137 | +24.0% |
| Trade receivables | 40 | €2,826 | €367 | -€2,458 | -87.0% |
| Other amounts receivable | 41 | €6,074 | €10,668 | +€4,595 | +75.6% |
| Cash at bank and in hand | 54/58 | €35,981 | €26,161 | -€9,820 | -27.3% |
| Deferred charges and accrued income | 490/1 | €9,986 | €5,854 | -€4,132 | -41.4% |
| Total equity and liabilities | 10/49 | €60,943 | €76,154 | +€15,211 | +25.0% |
| Equity | 10/15 | €51,451 | €54,789 | +€3,338 | +6.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €36,451 | €39,789 | +€3,338 | +9.2% |
| Distributable reserves | 133 | €36,451 | €39,789 | +€3,338 | +9.2% |
| Amounts payable | 17/49 | €9,491 | €21,364 | +€11,873 | +125% |
| Amounts payable within one year | 42/48 | €9,491 | €21,364 | +€11,873 | +125% |
| Trade debts | 44 | €2,401 | €2,502 | +€101 | +4.2% |
| Suppliers | 440/4 | €2,401 | €2,502 | +€101 | +4.2% |
| Taxes, remuneration and social security | 45 | €4,045 | €1,796 | -€2,249 | -55.6% |
| Taxes | 450/3 | €4,045 | €1,796 | -€2,249 | -55.6% |
| Other amounts payable | 47/48 | €3,045 | €17,066 | +€14,021 | +460% |
| Remuneration, social security and pensions | 62 | €207 | -€207 | -€414 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,570 | €5,202 | +€2,632 | +102% |
| Other operating charges | 640/8 | €948 | €1,706 | +€758 | +79.9% |
| Gross operating margin | 9900 | €18,906 | €15,204 | -€3,702 | -19.6% |
| Operating profit (loss) | 9901 | €15,181 | €8,503 | -€6,678 | -44.0% |
| Financial income | 75/76B | €408 | €802 | +€394 | +96.4% |
| Recurring financial income | 75 | €408 | €802 | +€394 | +96.4% |
| Financial charges | 65/66B | €2,180 | €4,879 | +€2,700 | +124% |
| Recurring financial charges | 65 | €2,180 | €4,879 | +€2,700 | +124% |
| Profit (loss) for the period before taxes | 9903 | €13,410 | €4,426 | -€8,984 | -67.0% |
| Income taxes | 67/77 | €1,391 | €1,088 | -€303 | -21.8% |
| Profit (loss) for the period | 9904 | €12,019 | €3,338 | -€8,681 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,019 | €3,338 | -€8,681 | -72.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.