SaraFin: 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.
SaraFin
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year +€11,286
up €11,286 (+101%), from €11,206 to €22,492
of which Trade receivables: +€10,342
- Deferred charges and accrued income +€6,785
up €6,785 (+617%), from €1,099 to €7,884
- Cash +€4,817
up €4,817 (+24.7%), from €19,478 to €24,295
mainly Net result for the year (+€38,950) and Tax, wage and social debts (+€19,616)
- Tangible fixed assets -€3,603
down €3,603 (-36.0%), from €10,010 to €6,407
of which Furniture and vehicles: -€8,689
- Reserves +€38,950
up €38,950 (+52.6%), from €73,981 to €112,931
- Tax, wage and social debts +€19,616
up €19,616 (+64.6%), from €30,370 to €49,985
of which Remuneration and social security: +€20,289
- Other debts +€10,171
up €10,171 (+58.7%), from €17,326 to €27,496
- Financial income +€8,395
up €8,395 (+83,952,600%), from €0 to €8,395
- Taxes +€1,184
up €1,184 (+12.6%), from €9,435 to €10,620
- Other operating charges +€800
up €800 (+259%), from €308 to €1,108
- Depreciation +€764
up €764 (+9.2%), from €8,306 to €9,071
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 | €126,793 | €196,078 | +€69,285 | +54.6% |
| Fixed assets | 21/28 | €10,010 | €6,407 | -€3,603 | -36.0% |
| Tangible fixed assets | 22/27 | €10,010 | €6,407 | -€3,603 | -36.0% |
| Furniture and vehicles | 24 | €10,010 | €1,322 | -€8,689 | -86.8% |
| Other tangible fixed assets | 26 | - | €5,085 | +€5,085 | |
| Current assets | 29/58 | €116,783 | €189,671 | +€72,888 | +62.4% |
| Amounts receivable after more than one year | 29 | €85,000 | €85,000 | = | 0.0% |
| Other amounts receivable | 291 | €85,000 | €85,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,206 | €22,492 | +€11,286 | +101% |
| Trade receivables | 40 | €11,206 | €21,548 | +€10,342 | +92.3% |
| Other amounts receivable | 41 | - | €944 | +€944 | |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €19,478 | €24,295 | +€4,817 | +24.7% |
| Deferred charges and accrued income | 490/1 | €1,099 | €7,884 | +€6,785 | +617% |
| Total equity and liabilities | 10/49 | €126,793 | €196,078 | +€69,285 | +54.6% |
| Equity | 10/15 | €76,981 | €115,931 | +€38,950 | +50.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €73,981 | €112,931 | +€38,950 | +52.6% |
| Distributable reserves | 133 | €73,981 | €112,931 | +€38,950 | +52.6% |
| Amounts payable | 17/49 | €49,813 | €80,147 | +€30,335 | +60.9% |
| Amounts payable within one year | 42/48 | €48,211 | €78,545 | +€30,335 | +62.9% |
| Trade debts | 44 | €515 | €1,064 | +€549 | +106% |
| Suppliers | 440/4 | €515 | €1,064 | +€549 | +106% |
| Taxes, remuneration and social security | 45 | €30,370 | €49,985 | +€19,616 | +64.6% |
| Taxes | 450/3 | €29,833 | €29,160 | -€673 | -2.3% |
| Remuneration and social security | 454/9 | €537 | €20,826 | +€20,289 | +3,776% |
| Other amounts payable | 47/48 | €17,326 | €27,496 | +€10,171 | +58.7% |
| Accrued charges and deferred income | 492/3 | €1,602 | €1,602 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,306 | €9,071 | +€764 | +9.2% |
| Other operating charges | 640/8 | €308 | €1,108 | +€800 | +259% |
| Gross operating margin | 9900 | €51,503 | €51,432 | -€71 | -0.1% |
| Operating profit (loss) | 9901 | €42,888 | €41,254 | -€1,635 | -3.8% |
| Financial income | 75/76B | €0 | €8,395 | +€8,395 | +83,952,600% |
| Recurring financial income | 75 | €0 | €8,395 | +€8,395 | +83,952,600% |
| Financial charges | 65/66B | €54 | €79 | +€25 | +46.2% |
| Recurring financial charges | 65 | €54 | €79 | +€25 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | €42,834 | €49,570 | +€6,736 | +15.7% |
| Income taxes | 67/77 | €9,435 | €10,620 | +€1,184 | +12.6% |
| Profit (loss) for the period | 9904 | €33,399 | €38,950 | +€5,551 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,399 | €38,950 | +€5,551 | +16.6% |
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 13 October 2026 via checked.be.