SARA DODEUR: what changed
Two fiscal 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 DODEUR
Largest movements
- Cash +€9,645
up €9,645 (+24.6%), from €39,173 to €48,818
mainly Net result for the year (+€10,984) and Trade debts (+€2,171)
- Receivables within one year +€2,157
up €2,157 (+41.6%), from €5,181 to €7,338
of which Trade receivables: +€2,078
- Tangible fixed assets +€831
up €831 (+51.8%), from €1,606 to €2,437
of which Furniture and vehicles: +€1,243
- Profit (loss) carried forward +€10,984
up €10,984 (+45.5%), from €24,163 to €35,147
- Trade debts +€2,171
up €2,171 (+86.0%), from €2,525 to €4,696
- Gross operating margin -€8,691
down €8,691 (-16.3%), from €53,206 to €44,515
- Staff costs -€1,163
down €1,163 (-4.0%), from €28,789 to €27,625
- Financial charges +€1,122
up €1,122 (+951.8%), from €118 to €1,240
- Other operating charges +€651
new in 2025: €651
- Taxes +€598
up €598 (+21.7%), from €2,750 to €3,348
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 | €46,654 | €59,075 | +€12,421 | +26.6% |
| Formation expenses | 20 | €694 | €482 | -€213 | -30.6% |
| Fixed assets | 21/28 | €1,606 | €2,437 | +€831 | +51.8% |
| Tangible fixed assets | 22/27 | €1,606 | €2,437 | +€831 | +51.8% |
| Plant, machinery and equipment | 23 | €1,606 | €1,194 | -€412 | -25.6% |
| Furniture and vehicles | 24 | - | €1,243 | +€1,243 | |
| Current assets | 29/58 | €44,354 | €56,156 | +€11,802 | +26.6% |
| Amounts receivable within one year | 40/41 | €5,181 | €7,338 | +€2,157 | +41.6% |
| Trade receivables | 40 | €3,588 | €5,666 | +€2,078 | +57.9% |
| Other amounts receivable | 41 | €1,593 | €1,673 | +€80 | +5.0% |
| Cash at bank and in hand | 54/58 | €39,173 | €48,818 | +€9,645 | +24.6% |
| Total equity and liabilities | 10/49 | €46,654 | €59,075 | +€12,421 | +26.6% |
| Equity | 10/15 | €29,463 | €40,447 | +€10,984 | +37.3% |
| Contributions | 10/11 | €5,300 | €5,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,163 | €35,147 | +€10,984 | +45.5% |
| Amounts payable | 17/49 | €17,191 | €18,628 | +€1,437 | +8.4% |
| Amounts payable within one year | 42/48 | €17,191 | €18,628 | +€1,437 | +8.4% |
| Trade debts | 44 | €2,525 | €4,696 | +€2,171 | +86.0% |
| Suppliers | 440/4 | €2,525 | €4,696 | +€2,171 | +86.0% |
| Taxes, remuneration and social security | 45 | €12,018 | €11,838 | -€179 | -1.5% |
| Taxes | 450/3 | €7,061 | €3,684 | -€3,377 | -47.8% |
| Remuneration and social security | 454/9 | €4,957 | €8,155 | +€3,198 | +64.5% |
| Other amounts payable | 47/48 | €2,649 | €2,094 | -€555 | -20.9% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €28,789 | €27,625 | -€1,163 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €517 | €668 | +€150 | +29.0% |
| Other operating charges | 640/8 | - | €651 | +€651 | |
| Gross operating margin | 9900 | €53,206 | €44,515 | -€8,691 | -16.3% |
| Operating profit (loss) | 9901 | €23,900 | €15,572 | -€8,328 | -34.8% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €118 | €1,240 | +€1,122 | +951.8% |
| Recurring financial charges | 65 | €118 | €1,240 | +€1,122 | +951.8% |
| Profit (loss) for the period before taxes | 9903 | €23,786 | €14,332 | -€9,454 | -39.7% |
| Income taxes | 67/77 | €2,750 | €3,348 | +€598 | +21.7% |
| Profit (loss) for the period | 9904 | €21,036 | €10,984 | -€10,052 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,036 | €10,984 | -€10,052 | -47.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.