SARA SANFILIPPO: what changed
SARA SANFILIPPO
Largest movements
- Cash +€75,033
up €75,033 (+70.1%), from €107,106 to €182,139
mainly Net result for the year (+€97,526) and Other debts (+€2,525)
- Deferred charges and accrued income +€10,306
up €10,306 (+32.8%), from €31,420 to €41,726
- Receivables within one year -€2,514
no longer reported in 2025 (was €2,514)
- Reserves +€97,526
up €97,526 (+105%), from €92,561 to €190,088
- Trade debts -€9,320
down €9,320 (-77.9%), from €11,961 to €2,641
- Tax, wage and social debts -€8,373
down €8,373 (-23.7%), from €35,352 to €26,979
- Other debts +€2,525
new in 2025: €2,525
- Gross operating margin +€8,045
up €8,045 (+6.8%), from €117,477 to €125,522
- Taxes +€2,627
up €2,627 (+10.8%), from €24,352 to €26,979
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,374 | €224,733 | +€82,359 | +57.8% |
| Fixed assets | 21/28 | €1,334 | €868 | -€466 | -34.9% |
| Tangible fixed assets | 22/27 | €1,273 | €806 | -€466 | -36.6% |
| Furniture and vehicles | 24 | €1,273 | €806 | -€466 | -36.6% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €141,039 | €223,865 | +€82,825 | +58.7% |
| Amounts receivable within one year | 40/41 | €2,514 | - | -€2,514 | |
| Other amounts receivable | 41 | €2,514 | - | -€2,514 | |
| Cash at bank and in hand | 54/58 | €107,106 | €182,139 | +€75,033 | +70.1% |
| Deferred charges and accrued income | 490/1 | €31,420 | €41,726 | +€10,306 | +32.8% |
| Total equity and liabilities | 10/49 | €142,374 | €224,733 | +€82,359 | +57.8% |
| Equity | 10/15 | €95,061 | €192,588 | +€97,526 | +103% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €92,561 | €190,088 | +€97,526 | +105% |
| Distributable reserves | 133 | €92,561 | €190,088 | +€97,526 | +105% |
| Amounts payable | 17/49 | €47,313 | €32,145 | -€15,168 | -32.1% |
| Amounts payable within one year | 42/48 | €47,313 | €32,145 | -€15,168 | -32.1% |
| Trade debts | 44 | €11,961 | €2,641 | -€9,320 | -77.9% |
| Suppliers | 440/4 | €11,961 | €2,641 | -€9,320 | -77.9% |
| Taxes, remuneration and social security | 45 | €35,352 | €26,979 | -€8,373 | -23.7% |
| Taxes | 450/3 | €35,352 | €26,979 | -€8,373 | -23.7% |
| Other amounts payable | 47/48 | - | €2,525 | +€2,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126 | €466 | +€340 | +269% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €117,477 | €125,522 | +€8,045 | +6.8% |
| Operating profit (loss) | 9901 | €116,963 | €124,656 | +€7,693 | +6.6% |
| Financial charges | 65/66B | €50 | €150 | +€100 | +200% |
| Recurring financial charges | 65 | €50 | €150 | +€100 | +200% |
| Profit (loss) for the period before taxes | 9903 | €116,913 | €124,506 | +€7,593 | +6.5% |
| Income taxes | 67/77 | €24,352 | €26,979 | +€2,627 | +10.8% |
| Profit (loss) for the period | 9904 | €92,561 | €97,526 | +€4,965 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €92,561 | €97,526 | +€4,965 | +5.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.