SARABO: 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.
SARABO
Largest movements
- Cash -€95,819
down €95,819 (-88.9%), from €107,780 to €11,960
mainly Receivables within one year (-€75,406) and Investment in fixed assets (net) (-€72,519)
- Receivables within one year +€75,406
up €75,406 (+740.6%), from €10,182 to €85,588
of which Other amounts receivable: +€68,839
- Tangible fixed assets +€27,093
up €27,093 (+5.2%), from €519,456 to €546,548
of which Furniture and vehicles: +€38,688
- Reserves -€17,680
down €17,680 (-18.0%), from €98,318 to €80,638
of which Distributable reserves: -€17,680
- Debts after one year +€16,887
up €16,887 (+7.5%), from €225,186 to €242,072
- Gross operating margin -€82,243
down €82,243 (-69.5%), from €118,368 to €36,125
- Depreciation +€3,159
up €3,159 (+7.5%), from €42,267 to €45,426
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 | €640,596 | €649,978 | +€9,382 | +1.5% |
| Fixed assets | 21/28 | €519,456 | €546,548 | +€27,093 | +5.2% |
| Tangible fixed assets | 22/27 | €519,456 | €546,548 | +€27,093 | +5.2% |
| Land and buildings | 22 | €431,523 | €428,414 | -€3,108 | -0.7% |
| Plant, machinery and equipment | 23 | €50,615 | €42,129 | -€8,486 | -16.8% |
| Furniture and vehicles | 24 | €37,318 | €76,006 | +€38,688 | +103.7% |
| Current assets | 29/58 | €121,140 | €103,430 | -€17,710 | -14.6% |
| Amounts receivable within one year | 40/41 | €10,182 | €85,588 | +€75,406 | +740.6% |
| Trade receivables | 40 | €4,685 | €11,251 | +€6,567 | +140.2% |
| Other amounts receivable | 41 | €5,497 | €74,336 | +€68,839 | +1252.2% |
| Cash at bank and in hand | 54/58 | €107,780 | €11,960 | -€95,819 | -88.9% |
| Deferred charges and accrued income | 490/1 | €3,178 | €5,882 | +€2,703 | +85.0% |
| Total equity and liabilities | 10/49 | €640,596 | €649,978 | +€9,382 | +1.5% |
| Equity | 10/15 | €188,318 | €170,638 | -€17,680 | -9.4% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €98,318 | €80,638 | -€17,680 | -18.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €89,318 | €71,638 | -€17,680 | -19.8% |
| Amounts payable | 17/49 | €452,277 | €479,340 | +€27,063 | +6.0% |
| Amounts payable after more than one year | 17 | €225,186 | €242,072 | +€16,887 | +7.5% |
| Financial debts | 170/4 | €225,186 | €242,072 | +€16,887 | +7.5% |
| Amounts payable within one year | 42/48 | €226,820 | €237,268 | +€10,448 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €22,610 | €27,825 | +€5,215 | +23.1% |
| Trade debts | 44 | €8,262 | €7,323 | -€939 | -11.4% |
| Suppliers | 440/4 | €8,262 | €7,323 | -€939 | -11.4% |
| Taxes, remuneration and social security | 45 | €1,442 | €7,566 | +€6,124 | +424.6% |
| Taxes | 450/3 | €24 | €51 | +€27 | +108.9% |
| Remuneration and social security | 454/9 | €1,418 | €7,515 | +€6,097 | +430.1% |
| Other amounts payable | 47/48 | €194,506 | €194,553 | +€47 | 0.0% |
| Accrued charges and deferred income | 492/3 | €272 | - | -€272 | |
| Non-recurring operating income | 76A | €65,000 | - | -€65,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,267 | €45,426 | +€3,159 | +7.5% |
| Other operating charges | 640/8 | €6,441 | €5,853 | -€587 | -9.1% |
| Gross operating margin | 9900 | €118,368 | €36,125 | -€82,243 | -69.5% |
| Operating profit (loss) | 9901 | €69,660 | -€15,155 | -€84,815 | |
| Financial income | 75/76B | €157 | €1,195 | +€1,037 | +659.4% |
| Recurring financial income | 75 | €157 | €1,195 | +€1,037 | +659.4% |
| Financial charges | 65/66B | €3,351 | €3,661 | +€310 | +9.2% |
| Recurring financial charges | 65 | €3,351 | €3,661 | +€310 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €66,467 | -€17,620 | -€84,087 | |
| Income taxes | 67/77 | €794 | €60 | -€734 | -92.5% |
| Profit (loss) for the period | 9904 | €65,672 | -€17,680 | -€83,353 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,672 | -€17,680 | -€83,353 |
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 12 October 2026 via checked.be.