SARAH DECKERS: 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 DECKERS
Largest movements
- Receivables after one year +€244,388
new in 2025: €244,388
- Cash -€98,445
down €98,445 (-75.2%), from €130,855 to €32,410
mainly Receivables after one year (-€244,388) and Contributions, distributions and other (-€770)
- Reserves +€142,360
up €142,360 (+108%), from €132,360 to €274,720
of which Distributable reserves: +€75,000
- Tax, wage and social debts +€3,853
up €3,853 (+58.2%), from €6,621 to €10,474
of which Taxes: +€3,853
- Financial income +€4,456
up €4,456 (+553%), from €806 to €5,262
- Depreciation -€3,094
down €3,094 (-100%), from €3,094 to €0
- Gross operating margin -€2,578
down €2,578 (-1.4%), from €179,181 to €176,603
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 | €152,079 | €297,558 | +€145,479 | +95.7% |
| Current assets | 29/58 | €152,079 | €297,558 | +€145,479 | +95.7% |
| Amounts receivable after more than one year | 29 | - | €244,388 | +€244,388 | |
| Other amounts receivable | 291 | - | €244,388 | +€244,388 | |
| Amounts receivable within one year | 40/41 | €21,224 | €20,574 | -€650 | -3.1% |
| Trade receivables | 40 | €21,220 | €20,574 | -€647 | -3.0% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100% |
| Cash at bank and in hand | 54/58 | €130,855 | €32,410 | -€98,445 | -75.2% |
| Deferred charges and accrued income | 490/1 | - | €186 | +€186 | |
| Total equity and liabilities | 10/49 | €152,079 | €297,558 | +€145,479 | +95.7% |
| Equity | 10/15 | €142,275 | €283,162 | +€140,887 | +99.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €132,360 | €274,720 | +€142,360 | +108% |
| Tax-exempt reserves | 132 | €67,360 | €134,720 | +€67,360 | +100% |
| Distributable reserves | 133 | €65,000 | €140,000 | +€75,000 | +115% |
| Profit (loss) carried forward | 14 | €4,915 | €3,442 | -€1,473 | -30.0% |
| Amounts payable | 17/49 | €9,804 | €14,396 | +€4,592 | +46.8% |
| Amounts payable within one year | 42/48 | €9,609 | €14,395 | +€4,786 | +49.8% |
| Trade debts | 44 | €317 | €1,270 | +€953 | +301% |
| Suppliers | 440/4 | €317 | €1,270 | +€953 | +301% |
| Taxes, remuneration and social security | 45 | €6,621 | €10,474 | +€3,853 | +58.2% |
| Taxes | 450/3 | €5,321 | €9,174 | +€3,853 | +72.4% |
| Remuneration and social security | 454/9 | €1,300 | €1,300 | = | 0.0% |
| Other amounts payable | 47/48 | €2,671 | €2,651 | -€20 | -0.7% |
| Accrued charges and deferred income | 492/3 | €195 | €1 | -€194 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,094 | €0 | -€3,094 | -100% |
| Other operating charges | 640/8 | €321 | €128 | -€193 | -60.1% |
| Gross operating margin | 9900 | €179,181 | €176,603 | -€2,578 | -1.4% |
| Operating profit (loss) | 9901 | €175,765 | €176,475 | +€709 | +0.4% |
| Financial income | 75/76B | €806 | €5,262 | +€4,456 | +553% |
| Recurring financial income | 75 | €806 | €5,262 | +€4,456 | +553% |
| Financial charges | 65/66B | €272 | €312 | +€41 | +14.9% |
| Recurring financial charges | 65 | €272 | €312 | +€41 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €176,300 | €181,424 | +€5,125 | +2.9% |
| Income taxes | 67/77 | €38,235 | €39,767 | +€1,532 | +4.0% |
| Profit (loss) for the period | 9904 | €138,065 | €141,657 | +€3,592 | +2.6% |
| Transfer to tax-exempt reserves | 689 | €67,360 | €67,360 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,705 | €74,297 | +€3,592 | +5.1% |
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 26 October 2026 via checked.be.