SARAC & Co: 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.
SARAC & Co
Largest movements
- Cash +€22,976
up €22,976 (+75.9%), from €30,282 to €53,258
mainly Other debts (+€44,000) and Tax, wage and social debts (+€22,799)
- Tangible fixed assets -€9,840
down €9,840 (-30.1%), from €32,659 to €22,819
of which Furniture and vehicles: -€8,388
- Receivables within one year +€4,953
up €4,953 (+12.9%), from €38,453 to €43,406
of which Other amounts receivable: +€6,738
- Profit (loss) carried forward -€48,775
down €48,775 (-65.7%), from €74,225 to €25,450
- Other debts +€44,000
new in 2025: €44,000
- Tax, wage and social debts +€22,799
up €22,799 (+431.0%), from €5,290 to €28,089
of which Remuneration and social security: +€12,835
- Gross operating margin +€20,243
up €20,243 (+22.2%), from €91,170 to €111,412
- Staff costs +€12,745
up €12,745 (+16.5%), from €77,349 to €90,094
- Taxes +€2,298
new in 2025: €2,298
- Other operating charges -€1,959
down €1,959 (-58.3%), from €3,360 to €1,401
- Depreciation +€1,452
up €1,452 (+14.6%), from €9,928 to €11,380
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 | €105,570 | €122,657 | +€17,087 | +16.2% |
| Fixed assets | 21/28 | €32,659 | €22,819 | -€9,840 | -30.1% |
| Tangible fixed assets | 22/27 | €32,659 | €22,819 | -€9,840 | -30.1% |
| Plant, machinery and equipment | 23 | €5,205 | €3,706 | -€1,499 | -28.8% |
| Furniture and vehicles | 24 | €23,912 | €15,524 | -€8,388 | -35.1% |
| Other tangible fixed assets | 26 | €3,542 | €3,589 | +€47 | +1.3% |
| Current assets | 29/58 | €72,911 | €99,838 | +€26,927 | +36.9% |
| Stocks and contracts in progress | 3 | €4,176 | €3,174 | -€1,002 | -24.0% |
| Stocks | 30/36 | €4,176 | €3,174 | -€1,002 | -24.0% |
| Amounts receivable within one year | 40/41 | €38,453 | €43,406 | +€4,953 | +12.9% |
| Trade receivables | 40 | €1,785 | - | -€1,785 | |
| Other amounts receivable | 41 | €36,668 | €43,406 | +€6,738 | +18.4% |
| Cash at bank and in hand | 54/58 | €30,282 | €53,258 | +€22,976 | +75.9% |
| Total equity and liabilities | 10/49 | €105,570 | €122,657 | +€17,087 | +16.2% |
| Equity | 10/15 | €94,685 | €45,910 | -€48,775 | -51.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,225 | €25,450 | -€48,775 | -65.7% |
| Amounts payable | 17/49 | €10,885 | €76,747 | +€65,862 | +605.1% |
| Amounts payable within one year | 42/48 | €10,885 | €76,747 | +€65,862 | +605.1% |
| Trade debts | 44 | €5,595 | €4,658 | -€937 | -16.7% |
| Suppliers | 440/4 | €5,595 | €4,658 | -€937 | -16.7% |
| Taxes, remuneration and social security | 45 | €5,290 | €28,089 | +€22,799 | +431.0% |
| Taxes | 450/3 | €4,197 | €14,161 | +€9,964 | +237.4% |
| Remuneration and social security | 454/9 | €1,092 | €13,927 | +€12,835 | +1174.9% |
| Other amounts payable | 47/48 | - | €44,000 | +€44,000 | |
| Remuneration, social security and pensions | 62 | €77,349 | €90,094 | +€12,745 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,928 | €11,380 | +€1,452 | +14.6% |
| Other operating charges | 640/8 | €3,360 | €1,401 | -€1,959 | -58.3% |
| Gross operating margin | 9900 | €91,170 | €111,412 | +€20,243 | +22.2% |
| Operating profit (loss) | 9901 | €533 | €8,537 | +€8,004 | +1501.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -91.7% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -91.7% |
| Financial charges | 65/66B | €2,343 | €3,250 | +€907 | +38.7% |
| Recurring financial charges | 65 | €2,343 | €3,250 | +€907 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,810 | €5,287 | +€7,097 | |
| Income taxes | 67/77 | - | €2,298 | +€2,298 | |
| Profit (loss) for the period | 9904 | -€1,810 | €2,990 | +€4,800 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,810 | €2,990 | +€4,800 |
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 10 October 2026 via checked.be.