SARAH: 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.
SARAH
Largest movements
- Cash -€3,077
down €3,077 (-35.2%), from €8,731 to €5,654
mainly Trade debts (-€6,062) and Investment in fixed assets (net) (-€3,180)
- Tangible fixed assets +€2,629
up €2,629 (+19.3%), from €13,654 to €16,283
of which Plant, machinery and equipment: +€2,629
- Deferred charges and accrued income +€300
up €300 (+42.3%), from €709 to €1,009
- Trade debts -€6,062
down €6,062 (-71.6%), from €8,470 to €2,408
- Other debts +€5,181
up €5,181 (+14.1%), from €36,636 to €41,817
- Profit (loss) carried forward +€733
up €733 (+1.7%), from -€42,464 to -€41,730
- Other operating charges +€1,953
up €1,953 (+46.0%), from €4,244 to €6,197
- Gross operating margin -€702
down €702 (-8.2%), from €8,577 to €7,874
- Depreciation +€341
up €341 (+163%), from €209 to €551
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 | €23,094 | €22,946 | -€148 | -0.6% |
| Fixed assets | 21/28 | €13,654 | €16,283 | +€2,629 | +19.3% |
| Tangible fixed assets | 22/27 | €13,654 | €16,283 | +€2,629 | +19.3% |
| Land and buildings | 22 | €13,654 | €13,654 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €2,629 | +€2,629 | |
| Current assets | 29/58 | €9,440 | €6,662 | -€2,778 | -29.4% |
| Cash at bank and in hand | 54/58 | €8,731 | €5,654 | -€3,077 | -35.2% |
| Deferred charges and accrued income | 490/1 | €709 | €1,009 | +€300 | +42.3% |
| Total equity and liabilities | 10/49 | €23,094 | €22,946 | -€148 | -0.6% |
| Equity | 10/15 | -€22,012 | -€21,278 | +€733 | +3.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 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 | -€42,464 | -€41,730 | +€733 | +1.7% |
| Amounts payable | 17/49 | €45,106 | €44,224 | -€882 | -2.0% |
| Amounts payable within one year | 42/48 | €45,106 | €44,224 | -€882 | -2.0% |
| Trade debts | 44 | €8,470 | €2,408 | -€6,062 | -71.6% |
| Suppliers | 440/4 | €8,470 | €2,408 | -€6,062 | -71.6% |
| Other amounts payable | 47/48 | €36,636 | €41,817 | +€5,181 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209 | €551 | +€341 | +163% |
| Other operating charges | 640/8 | €4,244 | €6,197 | +€1,953 | +46.0% |
| Gross operating margin | 9900 | €8,577 | €7,874 | -€702 | -8.2% |
| Operating profit (loss) | 9901 | €4,123 | €1,126 | -€2,997 | -72.7% |
| Financial charges | 65/66B | €390 | €393 | +€3 | +0.7% |
| Recurring financial charges | 65 | €390 | €393 | +€3 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €3,733 | €733 | -€3,000 | -80.4% |
| Profit (loss) for the period | 9904 | €3,733 | €733 | -€3,000 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,733 | €733 | -€3,000 | -80.4% |
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 14 October 2026 via checked.be.