SARA VANDERSTRAETEN: 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 VANDERSTRAETEN
Largest movements
- Cash +€26,879
up €26,879 (+5.6%), from €482,072 to €508,951
mainly Other debts (+€207,743) and Net result for the year (+€160,722)
- Other debts +€207,743
up €207,743 (+79.3%), from €262,069 to €469,812
- Reserves -€142,048
down €142,048 (-93.0%), from €152,771 to €10,722
- Tax, wage and social debts -€33,853
down €33,853 (-69.5%), from €48,676 to €14,823
- Gross operating margin +€47,276
up €47,276 (+28.0%), from €168,729 to €216,006
- Taxes +€13,154
up €13,154 (+32.9%), from €40,038 to €53,193
- Other operating charges -€3,732
down €3,732 (-90.3%), from €4,132 to €400
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 | €486,940 | €516,383 | +€29,443 | +6.0% |
| Current assets | 29/58 | €486,940 | €516,383 | +€29,443 | +6.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,579 | €5,781 | +€3,202 | +124% |
| Other amounts receivable | 41 | €2,579 | €5,781 | +€3,202 | +124% |
| Cash at bank and in hand | 54/58 | €482,072 | €508,951 | +€26,879 | +5.6% |
| Deferred charges and accrued income | 490/1 | €2,289 | €1,651 | -€638 | -27.9% |
| Total equity and liabilities | 10/49 | €486,940 | €516,383 | +€29,443 | +6.0% |
| Equity | 10/15 | €171,371 | €29,322 | -€142,048 | -82.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €152,771 | €10,722 | -€142,048 | -93.0% |
| Distributable reserves | 133 | €152,771 | €10,722 | -€142,048 | -93.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €315,569 | €487,061 | +€171,492 | +54.3% |
| Amounts payable within one year | 42/48 | €315,569 | €487,061 | +€171,492 | +54.3% |
| Trade debts | 44 | €4,824 | €2,427 | -€2,398 | -49.7% |
| Suppliers | 440/4 | €4,824 | €2,427 | -€2,398 | -49.7% |
| Taxes, remuneration and social security | 45 | €48,676 | €14,823 | -€33,853 | -69.5% |
| Taxes | 450/3 | €48,676 | €14,823 | -€33,853 | -69.5% |
| Other amounts payable | 47/48 | €262,069 | €469,812 | +€207,743 | +79.3% |
| Other operating charges | 640/8 | €4,132 | €400 | -€3,732 | -90.3% |
| Gross operating margin | 9900 | €168,729 | €216,006 | +€47,276 | +28.0% |
| Operating profit (loss) | 9901 | €164,598 | €215,606 | +€51,008 | +31.0% |
| Financial income | 75/76B | €760 | €0 | -€760 | -100% |
| Recurring financial income | 75 | €760 | €0 | -€760 | -100% |
| Financial charges | 65/66B | €571 | €1,691 | +€1,120 | +196% |
| Recurring financial charges | 65 | €571 | €1,691 | +€1,120 | +196% |
| Profit (loss) for the period before taxes | 9903 | €164,786 | €213,915 | +€49,129 | +29.8% |
| Income taxes | 67/77 | €40,038 | €53,193 | +€13,154 | +32.9% |
| Profit (loss) for the period | 9904 | €124,748 | €160,722 | +€35,974 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €124,748 | €160,722 | +€35,974 | +28.8% |
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 26 October 2026 via checked.be.