SARA 2008: 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 2008
Largest movements
- Cash +€38,015
up €38,015 (+412.1%), from €9,226 to €47,241
mainly Other debts (+€40,000) and Investment in fixed assets (net) (+€19,435)
- Tangible fixed assets -€24,070
down €24,070 (-15.5%), from €155,761 to €131,691
of which Furniture and vehicles: -€21,250
- Receivables within one year +€6,685
up €6,685 (+66.2%), from €10,093 to €16,778
of which Trade receivables: +€12,967
- Other debts +€40,000
new in 2025: €40,000
- Profit (loss) carried forward -€24,659
down €24,659 (-22.9%), from €107,448 to €82,789
- Debts after one year -€18,468
down €18,468 (-22.6%), from €81,538 to €63,071
- Trade debts +€13,622
up €13,622 (+141.4%), from €9,636 to €23,258
- Tax, wage and social debts +€13,516
up €13,516 (+90.9%), from €14,872 to €28,389
of which Taxes: +€8,645
- Gross operating margin -€7,454
down €7,454 (-6.5%), from €115,032 to €107,578
- Taxes -€6,314
down €6,314 (-54.8%), from €11,523 to €5,209
- Depreciation -€4,894
down €4,894 (-51.4%), from €9,530 to €4,635
- Other operating charges -€1,892
down €1,892 (-70.4%), from €2,685 to €794
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 | €244,349 | €267,100 | +€22,751 | +9.3% |
| Fixed assets | 21/28 | €158,401 | €134,331 | -€24,070 | -15.2% |
| Tangible fixed assets | 22/27 | €155,761 | €131,691 | -€24,070 | -15.5% |
| Land and buildings | 22 | €134,511 | €130,481 | -€4,030 | -3.0% |
| Plant, machinery and equipment | 23 | - | €1,210 | +€1,210 | |
| Furniture and vehicles | 24 | €21,250 | - | -€21,250 | |
| Financial fixed assets | 28 | €2,640 | €2,640 | = | 0.0% |
| Current assets | 29/58 | €85,948 | €132,769 | +€46,821 | +54.5% |
| Stocks and contracts in progress | 3 | €66,570 | €68,691 | +€2,121 | +3.2% |
| Stocks | 30/36 | €66,570 | €68,691 | +€2,121 | +3.2% |
| Amounts receivable within one year | 40/41 | €10,093 | €16,778 | +€6,685 | +66.2% |
| Trade receivables | 40 | €3,801 | €16,767 | +€12,967 | +341.2% |
| Other amounts receivable | 41 | €6,292 | €10 | -€6,282 | -99.8% |
| Cash at bank and in hand | 54/58 | €9,226 | €47,241 | +€38,015 | +412.1% |
| Deferred charges and accrued income | 490/1 | €59 | €59 | = | 0.0% |
| Total equity and liabilities | 10/49 | €244,349 | €267,100 | +€22,751 | +9.3% |
| Equity | 10/15 | €115,508 | €90,849 | -€24,659 | -21.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,448 | €82,789 | -€24,659 | -22.9% |
| Amounts payable | 17/49 | €128,841 | €176,250 | +€47,409 | +36.8% |
| Amounts payable after more than one year | 17 | €81,538 | €63,071 | -€18,468 | -22.6% |
| Financial debts | 170/4 | €81,538 | €63,071 | -€18,468 | -22.6% |
| Amounts payable within one year | 42/48 | €47,303 | €113,180 | +€65,877 | +139.3% |
| Current portion of amounts payable after more than one year | 42 | €22,794 | €21,533 | -€1,262 | -5.5% |
| Trade debts | 44 | €9,636 | €23,258 | +€13,622 | +141.4% |
| Suppliers | 440/4 | €9,636 | €23,258 | +€13,622 | +141.4% |
| Taxes, remuneration and social security | 45 | €14,872 | €28,389 | +€13,516 | +90.9% |
| Taxes | 450/3 | €5,503 | €14,148 | +€8,645 | +157.1% |
| Remuneration and social security | 454/9 | €9,369 | €14,241 | +€4,872 | +52.0% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Remuneration, social security and pensions | 62 | €78,715 | €78,414 | -€301 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,530 | €4,635 | -€4,894 | -51.4% |
| Other operating charges | 640/8 | €2,685 | €794 | -€1,892 | -70.4% |
| Non-recurring operating charges | 66A | - | €7,407 | +€7,407 | |
| Gross operating margin | 9900 | €115,032 | €107,578 | -€7,454 | -6.5% |
| Operating profit (loss) | 9901 | €24,102 | €16,328 | -€7,774 | -32.3% |
| Financial charges | 65/66B | €835 | €484 | -€351 | -42.1% |
| Recurring financial charges | 65 | €835 | €484 | -€351 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €23,266 | €15,844 | -€7,422 | -31.9% |
| Income taxes | 67/77 | €11,523 | €5,209 | -€6,314 | -54.8% |
| Profit (loss) for the period | 9904 | €11,744 | €10,635 | -€1,109 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,744 | €10,635 | -€1,109 | -9.4% |
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 11 October 2026 via checked.be.