SARACO: 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.
SARACO
Largest movements
- Receivables within one year +€20,734
up €20,734 (+58.3%), from €35,574 to €56,308
of which Trade receivables: +€16,345
- Cash -€9,046
down €9,046 (-50.8%), from €17,802 to €8,756
mainly Receivables within one year (-€20,734) and Trade debts (-€5,130)
- Deferred charges and accrued income -€4,131
down €4,131 (-99.4%), from €4,154 to €23
- Tangible fixed assets -€1,370
down €1,370 (-36.6%), from €3,740 to €2,369
- Profit (loss) carried forward +€7,094
up €7,094, from -€3,151 to €3,943
- Tax, wage and social debts +€5,986
up €5,986 (+1736.8%), from €345 to €6,330
- Trade debts -€5,130
down €5,130 (-62.4%), from €8,219 to €3,089
- Current portion of long-term debt -€1,763
no longer reported in 2023 (was €1,763)
- Gross operating margin +€7,113
up €7,113 (+138.8%), from €5,124 to €12,237
- Taxes -€2,623
down €2,623 (-65.1%), from €4,032 to €1,409
- Financial charges +€1,271
up €1,271 (+209.8%), from €606 to €1,878
- Other operating charges +€1,025
up €1,025 (+300.3%), from €341 to €1,366
- Depreciation -€523
down €523 (-27.6%), from €1,893 to €1,370
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,269 | €67,457 | +€6,187 | +10.1% |
| Fixed assets | 21/28 | €3,740 | €2,369 | -€1,370 | -36.6% |
| Tangible fixed assets | 22/27 | €3,740 | €2,369 | -€1,370 | -36.6% |
| Furniture and vehicles | 24 | €3,740 | €2,369 | -€1,370 | -36.6% |
| Current assets | 29/58 | €57,530 | €65,087 | +€7,558 | +13.1% |
| Amounts receivable within one year | 40/41 | €35,574 | €56,308 | +€20,734 | +58.3% |
| Trade receivables | 40 | €8,600 | €24,945 | +€16,345 | +190.1% |
| Other amounts receivable | 41 | €26,974 | €31,363 | +€4,389 | +16.3% |
| Cash at bank and in hand | 54/58 | €17,802 | €8,756 | -€9,046 | -50.8% |
| Deferred charges and accrued income | 490/1 | €4,154 | €23 | -€4,131 | -99.4% |
| Total equity and liabilities | 10/49 | €61,269 | €67,457 | +€6,187 | +10.1% |
| Equity | 10/15 | €44,171 | €51,265 | +€7,094 | +16.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,122 | €41,122 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,005 | €1,005 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,005 | €1,005 | = | 0.0% |
| Distributable reserves | 133 | €40,117 | €40,117 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,151 | €3,943 | +€7,094 | |
| Amounts payable | 17/49 | €17,098 | €16,192 | -€906 | -5.3% |
| Amounts payable within one year | 42/48 | €17,098 | €16,192 | -€906 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €1,763 | - | -€1,763 | |
| Trade debts | 44 | €8,219 | €3,089 | -€5,130 | -62.4% |
| Suppliers | 440/4 | €8,219 | €3,089 | -€5,130 | -62.4% |
| Advances received on contracts in progress | 46 | €6,772 | €6,772 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €345 | €6,330 | +€5,986 | +1736.8% |
| Taxes | 450/3 | €345 | €6,330 | +€5,986 | +1736.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,893 | €1,370 | -€523 | -27.6% |
| Other operating charges | 640/8 | €341 | €1,366 | +€1,025 | +300.3% |
| Gross operating margin | 9900 | €5,124 | €12,237 | +€7,113 | +138.8% |
| Operating profit (loss) | 9901 | €2,889 | €9,500 | +€6,611 | +228.8% |
| Financial income | 75/76B | €819 | €880 | +€61 | +7.5% |
| Recurring financial income | 75 | €819 | €880 | +€61 | +7.5% |
| Financial charges | 65/66B | €606 | €1,878 | +€1,271 | +209.8% |
| Recurring financial charges | 65 | €606 | €1,878 | +€1,271 | +209.8% |
| Profit (loss) for the period before taxes | 9903 | €3,102 | €8,503 | +€5,401 | +174.1% |
| Income taxes | 67/77 | €4,032 | €1,409 | -€2,623 | -65.1% |
| Profit (loss) for the period | 9904 | -€930 | €7,094 | +€8,024 | |
| Profit (loss) for the period to be appropriated | 9905 | -€930 | €7,094 | +€8,024 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.