SARA D LAW: 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 D LAW
Largest movements
- Cash +€25,320
up €25,320 (+110%), from €23,002 to €48,322
mainly Net result for the year (+€32,263) and Other debts (+€2,592)
- Receivables within one year +€9,844
up €9,844 (+1,630%), from €604 to €10,448
of which Trade receivables: +€10,448
- Tangible fixed assets +€1,939
new in 2025: €1,939
- Stocks and contracts +€857
new in 2025: €857
- Deferred charges and accrued income +€750
up €750 (+670%), from €112 to €862
- Reserves +€32,263
up €32,263 (+183%), from €17,616 to €49,879
- Other debts +€2,592
up €2,592 (+5,759%), from €45 to €2,637
- Tax, wage and social debts +€2,045
up €2,045 (+58.7%), from €3,482 to €5,527
- Accrued charges and deferred income +€1,193
up €1,193 (+311%), from €384 to €1,577
- Turnover -€40,571
no longer reported in 2025 (was €40,571)
- Gross operating margin +€20,881
up €20,881 (+92.9%), from €22,473 to €43,354
- Purchases and services -€19,290
no longer reported in 2025 (was €19,290)
- Taxes +€4,791
up €4,791 (+105%), from €4,560 to €9,351
- Other operating charges +€776
up €776 (+494%), from €157 to €933
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 | €24,682 | €63,175 | +€38,493 | +156% |
| Formation expenses | 20 | €964 | €747 | -€217 | -22.5% |
| Fixed assets | 21/28 | - | €1,939 | +€1,939 | |
| Tangible fixed assets | 22/27 | - | €1,939 | +€1,939 | |
| Furniture and vehicles | 24 | - | €1,939 | +€1,939 | |
| Current assets | 29/58 | €23,718 | €60,489 | +€36,771 | +155% |
| Stocks and contracts in progress | 3 | - | €857 | +€857 | |
| Stocks | 30/36 | - | €857 | +€857 | |
| Amounts receivable within one year | 40/41 | €604 | €10,448 | +€9,844 | +1,630% |
| Trade receivables | 40 | - | €10,448 | +€10,448 | |
| Other amounts receivable | 41 | €604 | - | -€604 | |
| Cash at bank and in hand | 54/58 | €23,002 | €48,322 | +€25,320 | +110% |
| Deferred charges and accrued income | 490/1 | €112 | €862 | +€750 | +670% |
| Total equity and liabilities | 10/49 | €24,682 | €63,175 | +€38,493 | +156% |
| Equity | 10/15 | €20,616 | €52,879 | +€32,263 | +156% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,616 | €49,879 | +€32,263 | +183% |
| Distributable reserves | 133 | €17,616 | €49,879 | +€32,263 | +183% |
| Amounts payable | 17/49 | €4,066 | €10,297 | +€6,231 | +153% |
| Amounts payable within one year | 42/48 | €3,682 | €8,720 | +€5,038 | +137% |
| Trade debts | 44 | €155 | €557 | +€402 | +259% |
| Suppliers | 440/4 | €155 | €557 | +€402 | +259% |
| Taxes, remuneration and social security | 45 | €3,482 | €5,527 | +€2,045 | +58.7% |
| Taxes | 450/3 | €3,482 | €5,527 | +€2,045 | +58.7% |
| Other amounts payable | 47/48 | €45 | €2,637 | +€2,592 | +5,759% |
| Accrued charges and deferred income | 492/3 | €384 | €1,577 | +€1,193 | +311% |
| Turnover | 70 | €40,571 | - | -€40,571 | |
| Non-recurring operating income | 76A | - | €334 | +€334 | |
| Goods, raw materials, services and sundry goods | 60/61 | €19,290 | - | -€19,290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €545 | +€545 | |
| Other operating charges | 640/8 | €157 | €933 | +€776 | +494% |
| Non-recurring operating charges | 66A | €120 | €217 | +€97 | +80.6% |
| Gross operating margin | 9900 | €22,473 | €43,354 | +€20,881 | +92.9% |
| Operating profit (loss) | 9901 | €22,196 | €41,659 | +€19,463 | +87.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €20 | €45 | +€25 | +125% |
| Recurring financial charges | 65 | €20 | €45 | +€25 | +125% |
| Profit (loss) for the period before taxes | 9903 | €22,176 | €41,615 | +€19,439 | +87.7% |
| Income taxes | 67/77 | €4,560 | €9,351 | +€4,791 | +105% |
| Profit (loss) for the period | 9904 | €17,616 | €32,263 | +€14,647 | +83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,616 | €32,263 | +€14,647 | +83.1% |
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 14 October 2026 via checked.be.