SARAH BUI QUOC: what changed
SARAH BUI QUOC
Largest movements
- Tangible fixed assets +€100,345
up €100,345 (+609%), from €16,477 to €116,821
of which Furniture and vehicles: +€102,595
- Intangible fixed assets -€37,500
down €37,500 (-20.3%), from €184,375 to €146,875
- Cash -€33,600
down €33,600 (-36.7%), from €91,516 to €57,916
mainly Investment in fixed assets (net) (-€120,083) and Other debts (-€62,946)
- Profit (loss) carried forward +€87,161
up €87,161 (+95.0%), from €91,738 to €178,899
- Other debts -€62,946
down €62,946 (-48.3%), from €130,380 to €67,434
- Debts after one year +€39,744
up €39,744 (+119%), from €33,348 to €73,092
- Tax, wage and social debts -€23,325
down €23,325 (-80.0%), from €29,162 to €5,837
- Current portion of long-term debt -€9,931
down €9,931 (-23.7%), from €41,982 to €32,051
- Depreciation +€16,480
up €16,480 (+40.4%), from €40,759 to €57,239
- Gross operating margin +€6,521
up €6,521 (+3.7%), from €176,878 to €183,399
- Taxes -€6,044
down €6,044 (-15.9%), from €37,997 to €31,953
- Financial charges +€2,443
up €2,443 (+63.8%), from €3,829 to €6,273
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 | €331,801 | €361,981 | +€30,180 | +9.1% |
| Fixed assets | 21/28 | €200,852 | €263,696 | +€62,845 | +31.3% |
| Intangible fixed assets | 21 | €184,375 | €146,875 | -€37,500 | -20.3% |
| Tangible fixed assets | 22/27 | €16,477 | €116,821 | +€100,345 | +609% |
| Plant, machinery and equipment | 23 | €1,996 | €1,366 | -€629 | -31.5% |
| Furniture and vehicles | 24 | €6,725 | €109,320 | +€102,595 | +1,526% |
| Other tangible fixed assets | 26 | €7,756 | €6,135 | -€1,621 | -20.9% |
| Current assets | 29/58 | €130,949 | €98,284 | -€32,665 | -24.9% |
| Amounts receivable within one year | 40/41 | €37,936 | €39,351 | +€1,415 | +3.7% |
| Trade receivables | 40 | €37,936 | €39,351 | +€1,415 | +3.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €91,516 | €57,916 | -€33,600 | -36.7% |
| Deferred charges and accrued income | 490/1 | €1,497 | €1,018 | -€479 | -32.0% |
| Total equity and liabilities | 10/49 | €331,801 | €361,981 | +€30,180 | +9.1% |
| Equity | 10/15 | €93,738 | €180,899 | +€87,161 | +93.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,738 | €178,899 | +€87,161 | +95.0% |
| Amounts payable | 17/49 | €238,063 | €181,082 | -€56,981 | -23.9% |
| Amounts payable after more than one year | 17 | €33,348 | €73,092 | +€39,744 | +119% |
| Financial debts | 170/4 | €33,348 | €73,092 | +€39,744 | +119% |
| Amounts payable within one year | 42/48 | €204,715 | €107,990 | -€96,725 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €41,982 | €32,051 | -€9,931 | -23.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,192 | €2,669 | -€523 | -16.4% |
| Suppliers | 440/4 | €3,192 | €2,669 | -€523 | -16.4% |
| Taxes, remuneration and social security | 45 | €29,162 | €5,837 | -€23,325 | -80.0% |
| Taxes | 450/3 | €29,162 | €5,837 | -€23,325 | -80.0% |
| Other amounts payable | 47/48 | €130,380 | €67,434 | -€62,946 | -48.3% |
| Non-recurring operating income | 76A | €21,655 | €0 | -€21,655 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,759 | €57,239 | +€16,480 | +40.4% |
| Other operating charges | 640/8 | €1,442 | €774 | -€668 | -46.3% |
| Non-recurring operating charges | 66A | €121 | €0 | -€121 | -100% |
| Gross operating margin | 9900 | €176,878 | €183,399 | +€6,521 | +3.7% |
| Operating profit (loss) | 9901 | €134,556 | €125,386 | -€9,170 | -6.8% |
| Financial income | 75/76B | €37 | €0 | -€37 | -99.9% |
| Recurring financial income | 75 | €37 | €0 | -€37 | -99.9% |
| Financial charges | 65/66B | €3,829 | €6,273 | +€2,443 | +63.8% |
| Recurring financial charges | 65 | €3,829 | €6,273 | +€2,443 | +63.8% |
| Profit (loss) for the period before taxes | 9903 | €130,763 | €119,114 | -€11,649 | -8.9% |
| Income taxes | 67/77 | €37,997 | €31,953 | -€6,044 | -15.9% |
| Profit (loss) for the period | 9904 | €92,766 | €87,161 | -€5,605 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €92,766 | €87,161 | -€5,605 | -6.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.