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
- Receivables within one year -€18,144
down €18,144 (-14.3%), from €127,190 to €109,046
of which Trade receivables: -€11,633
- Cash -€17,930
down €17,930 (-15.5%), from €115,674 to €97,745
mainly Trade debts (-€25,291) and Investment in fixed assets (net) (-€18,572)
- Tangible fixed assets +€5,778
up €5,778 (+14.2%), from €40,652 to €46,429
of which Furniture and vehicles: +€8,329
- Trade debts -€25,291
down €25,291 (-38.7%), from €65,423 to €40,132
- Other debts -€12,441
down €12,441 (-37.5%), from €33,148 to €20,707
- Profit (loss) carried forward +€7,776
up €7,776 (+22.0%), from €35,398 to €43,174
- Staff costs +€15,063
up €15,063 (+4.5%), from €337,161 to €352,224
- Taxes -€8,540
down €8,540 (-57.1%), from €14,954 to €6,414
- Financial income +€5,738
up €5,738 (+139%), from €4,113 to €9,851
- Gross operating margin +€5,073
up €5,073 (+1.4%), from €373,726 to €378,799
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €306,522 | €276,878 | -€29,644 | -9.7% |
| Fixed assets | 21/28 | €40,652 | €46,429 | +€5,778 | +14.2% |
| Tangible fixed assets | 22/27 | €40,652 | €46,429 | +€5,778 | +14.2% |
| Plant, machinery and equipment | 23 | €39,207 | €36,657 | -€2,551 | -6.5% |
| Furniture and vehicles | 24 | €1,444 | €9,773 | +€8,329 | +577% |
| Current assets | 29/58 | €265,871 | €230,448 | -€35,422 | -13.3% |
| Stocks and contracts in progress | 3 | €22,707 | €23,658 | +€951 | +4.2% |
| Stocks | 30/36 | €22,707 | €23,658 | +€951 | +4.2% |
| Amounts receivable within one year | 40/41 | €127,190 | €109,046 | -€18,144 | -14.3% |
| Trade receivables | 40 | €18,797 | €7,165 | -€11,633 | -61.9% |
| Other amounts receivable | 41 | €108,392 | €101,881 | -€6,511 | -6.0% |
| Cash at bank and in hand | 54/58 | €115,674 | €97,745 | -€17,930 | -15.5% |
| Deferred charges and accrued income | 490/1 | €300 | - | -€300 | |
| Total equity and liabilities | 10/49 | €306,522 | €276,878 | -€29,644 | -9.7% |
| Equity | 10/15 | €131,398 | €139,174 | +€7,776 | +5.9% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €36,000 | €36,000 | = | 0.0% |
| Distributable reserves | 133 | €36,000 | €36,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,398 | €43,174 | +€7,776 | +22.0% |
| Amounts payable | 17/49 | €175,124 | €137,704 | -€37,420 | -21.4% |
| Amounts payable within one year | 42/48 | €174,381 | €136,382 | -€37,999 | -21.8% |
| Trade debts | 44 | €65,423 | €40,132 | -€25,291 | -38.7% |
| Suppliers | 440/4 | €65,423 | €40,132 | -€25,291 | -38.7% |
| Taxes, remuneration and social security | 45 | €75,810 | €75,543 | -€267 | -0.4% |
| Taxes | 450/3 | €25,356 | €18,359 | -€6,997 | -27.6% |
| Remuneration and social security | 454/9 | €50,454 | €57,184 | +€6,730 | +13.3% |
| Other amounts payable | 47/48 | €33,148 | €20,707 | -€12,441 | -37.5% |
| Accrued charges and deferred income | 492/3 | €743 | €1,322 | +€579 | +77.9% |
| Remuneration, social security and pensions | 62 | €337,161 | €352,224 | +€15,063 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,969 | €12,794 | +€826 | +6.9% |
| Other operating charges | 640/8 | €2,532 | €1,923 | -€609 | -24.1% |
| Gross operating margin | 9900 | €373,726 | €378,799 | +€5,073 | +1.4% |
| Operating profit (loss) | 9901 | €22,064 | €11,857 | -€10,207 | -46.3% |
| Financial income | 75/76B | €4,113 | €9,851 | +€5,738 | +139% |
| Recurring financial income | 75 | €4,113 | €9,851 | +€5,738 | +139% |
| Financial charges | 65/66B | €8,396 | €7,519 | -€877 | -10.4% |
| Recurring financial charges | 65 | €8,396 | €7,519 | -€877 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €17,781 | €14,190 | -€3,592 | -20.2% |
| Income taxes | 67/77 | €14,954 | €6,414 | -€8,540 | -57.1% |
| Profit (loss) for the period | 9904 | €2,827 | €7,776 | +€4,948 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €2,827 | €7,776 | +€4,948 | +175% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.