SARA BUZI: 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 BUZI
Largest movements
- Cash -€2,507
down €2,507 (-32.7%), from €7,654 to €5,148
mainly Short-term financial debts (-€8,640) and Other debts (-€1,650)
- Stocks and contracts +€584
up €584 (+37.8%), from €1,547 to €2,132
- Tangible fixed assets -€326
down €326 (-25.4%), from €1,284 to €958
- Short-term financial debts -€8,640
no longer reported in 2025 (was €8,640)
- Profit (loss) carried forward +€5,321
up €5,321 (+9.4%), from -€56,793 to -€51,473
- Other debts -€1,650
down €1,650 (-23.1%), from €7,158 to €5,508
- Trade debts +€1,608
up €1,608 (+4.3%), from €37,586 to €39,193
- Tax, wage and social debts +€1,113
up €1,113 (+38.5%), from €2,893 to €4,006
of which Remuneration and social security: +€1,123
- Staff costs +€15,546
up €15,546 (+424%), from €3,670 to €19,217
- Gross operating margin +€8,414
up €8,414 (+43.7%), from €19,252 to €27,666
- Other operating charges +€1,383
up €1,383 (+123%), from €1,127 to €2,510
- Financial charges -€448
down €448 (-69.5%), from €645 to €197
- Depreciation +€305
up €305 (+1,425%), from €21 to €326
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 | €10,599 | €8,350 | -€2,249 | -21.2% |
| Fixed assets | 21/28 | €1,284 | €958 | -€326 | -25.4% |
| Tangible fixed assets | 22/27 | €1,284 | €958 | -€326 | -25.4% |
| Furniture and vehicles | 24 | €1,284 | €958 | -€326 | -25.4% |
| Current assets | 29/58 | €9,315 | €7,393 | -€1,922 | -20.6% |
| Stocks and contracts in progress | 3 | €1,547 | €2,132 | +€584 | +37.8% |
| Stocks | 30/36 | €1,547 | €2,132 | +€584 | +37.8% |
| Amounts receivable within one year | 40/41 | €113 | €113 | = | 0.0% |
| Trade receivables | 40 | €113 | €113 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,654 | €5,148 | -€2,507 | -32.7% |
| Total equity and liabilities | 10/49 | €10,599 | €8,350 | -€2,249 | -21.2% |
| Equity | 10/15 | -€45,677 | -€40,356 | +€5,321 | +11.6% |
| Contributions | 10/11 | €11,116 | €11,116 | = | 0.0% |
| Contributions outside capital | 11 | €11,116 | €11,116 | = | 0.0% |
| Share premium | 1100/10 | €11,116 | €11,116 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,793 | -€51,473 | +€5,321 | +9.4% |
| Amounts payable | 17/49 | €56,276 | €48,707 | -€7,569 | -13.5% |
| Amounts payable within one year | 42/48 | €56,276 | €48,707 | -€7,569 | -13.5% |
| Financial debts | 43 | €8,640 | - | -€8,640 | |
| Other loans | 439 | €8,640 | - | -€8,640 | |
| Trade debts | 44 | €37,586 | €39,193 | +€1,608 | +4.3% |
| Suppliers | 440/4 | €37,586 | €39,193 | +€1,608 | +4.3% |
| Taxes, remuneration and social security | 45 | €2,893 | €4,006 | +€1,113 | +38.5% |
| Taxes | 450/3 | €415 | €406 | -€10 | -2.3% |
| Remuneration and social security | 454/9 | €2,477 | €3,600 | +€1,123 | +45.3% |
| Other amounts payable | 47/48 | €7,158 | €5,508 | -€1,650 | -23.1% |
| Non-recurring operating income | 76A | - | €8,640 | +€8,640 | |
| Remuneration, social security and pensions | 62 | €3,670 | €19,217 | +€15,546 | +424% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21 | €326 | +€305 | +1,425% |
| Other operating charges | 640/8 | €1,127 | €2,510 | +€1,383 | +123% |
| Gross operating margin | 9900 | €19,252 | €27,666 | +€8,414 | +43.7% |
| Operating profit (loss) | 9901 | €14,433 | €5,613 | -€8,821 | -61.1% |
| Financial income | 75/76B | - | €49 | +€49 | |
| Recurring financial income | 75 | - | €49 | +€49 | |
| Financial charges | 65/66B | €645 | €197 | -€448 | -69.5% |
| Recurring financial charges | 65 | €645 | €197 | -€448 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | €13,788 | €5,465 | -€8,323 | -60.4% |
| Income taxes | 67/77 | €268 | €144 | -€124 | -46.3% |
| Profit (loss) for the period | 9904 | €13,520 | €5,321 | -€8,199 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,520 | €5,321 | -€8,199 | -60.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.