Sarah Baikry: what changed
Sarah Baikry
Largest movements
- Cash -€1,976
down €1,976 (-10.7%), from €18,462 to €16,486
mainly Net result for the year (-€7,654) and Investment in fixed assets (net) (-€1,647)
- Tangible fixed assets +€1,113
new in 2025: €1,113
- Profit (loss) carried forward -€7,654
new in 2025: -€7,654
- Tax, wage and social debts +€5,091
up €5,091 (+60.4%), from €8,425 to €13,517
of which Remuneration and social security: +€7,976
- Trade debts +€1,845
up €1,845 (+127%), from €1,448 to €3,292
- Gross operating margin -€16,325
down €16,325, from €10,866 to -€5,459
- Taxes -€2,672
down €2,672 (-66.3%), from €4,031 to €1,359
- Other operating charges -€765
down €765 (-65.7%), from €1,165 to €400
- Depreciation +€534
new in 2025: €534
- Financial income +€140
up €140 (+11,782%), from €1 to €141
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,502 | €19,784 | -€718 | -3.5% |
| Fixed assets | 21/28 | €92 | €1,205 | +€1,113 | +1,214% |
| Tangible fixed assets | 22/27 | - | €1,113 | +€1,113 | |
| Plant, machinery and equipment | 23 | - | €1,113 | +€1,113 | |
| Financial fixed assets | 28 | €92 | €92 | = | 0.0% |
| Current assets | 29/58 | €20,410 | €18,579 | -€1,831 | -9.0% |
| Amounts receivable within one year | 40/41 | €1,948 | €2,093 | +€145 | +7.4% |
| Other amounts receivable | 41 | €1,948 | €2,093 | +€145 | +7.4% |
| Cash at bank and in hand | 54/58 | €18,462 | €16,486 | -€1,976 | -10.7% |
| Total equity and liabilities | 10/49 | €20,502 | €19,784 | -€718 | -3.5% |
| Equity | 10/15 | €10,628 | €2,975 | -€7,654 | -72.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,628 | €5,628 | = | 0.0% |
| Distributable reserves | 133 | €5,628 | €5,628 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,654 | -€7,654 | |
| Amounts payable | 17/49 | €9,873 | €16,809 | +€6,936 | +70.3% |
| Amounts payable within one year | 42/48 | €9,873 | €16,809 | +€6,936 | +70.3% |
| Trade debts | 44 | €1,448 | €3,292 | +€1,845 | +127% |
| Suppliers | 440/4 | €1,448 | €3,292 | +€1,845 | +127% |
| Taxes, remuneration and social security | 45 | €8,425 | €13,517 | +€5,091 | +60.4% |
| Taxes | 450/3 | €8,425 | €5,541 | -€2,884 | -34.2% |
| Remuneration and social security | 454/9 | - | €7,976 | +€7,976 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €534 | +€534 | |
| Other operating charges | 640/8 | €1,165 | €400 | -€765 | -65.7% |
| Gross operating margin | 9900 | €10,866 | -€5,459 | -€16,325 | |
| Operating profit (loss) | 9901 | €9,701 | -€6,393 | -€16,094 | |
| Financial income | 75/76B | €1 | €141 | +€140 | +11,782% |
| Recurring financial income | 75 | €1 | €141 | +€140 | +11,782% |
| Financial charges | 65/66B | €43 | €44 | +€1 | +2.3% |
| Recurring financial charges | 65 | €43 | €44 | +€1 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €9,660 | -€6,295 | -€15,954 | |
| Income taxes | 67/77 | €4,031 | €1,359 | -€2,672 | -66.3% |
| Profit (loss) for the period | 9904 | €5,628 | -€7,654 | -€13,282 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,628 | -€7,654 | -€13,282 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.