SARAH LEYSEN: 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 LEYSEN
Largest movements
- Cash -€57,242
down €57,242 (-35.6%), from €160,702 to €103,460
mainly Contributions, distributions and other (-€117,647) and Other debts (-€92,931)
- Receivables within one year -€16,062
down €16,062 (-80.4%), from €19,981 to €3,919
of which Trade receivables: -€12,399
- Tangible fixed assets -€13,977
down €13,977 (-29.3%), from €47,720 to €33,742
of which Furniture and vehicles: -€12,958
- Other debts -€92,931
down €92,931 (-41.6%), from €223,368 to €130,437
- Accrued charges and deferred income +€3,200
up €3,200 (+727%), from €440 to €3,640
- Financial income +€9,803
up €9,803 (+8.9%), from €110,003 to €119,806
- Financial charges +€4,015
up €4,015 (+2,733%), from €147 to €4,162
of which Non-recurring financial charges: +€3,996
- Depreciation +€3,325
up €3,325 (+24.4%), from €13,646 to €16,972
- Taxes -€2,413
down €2,413 (-69.1%), from €3,493 to €1,081
- Gross operating margin -€2,303
down €2,303 (-9.1%), from €25,177 to €22,874
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 | €238,915 | €150,562 | -€88,353 | -37.0% |
| Fixed assets | 21/28 | €56,720 | €42,742 | -€13,977 | -24.6% |
| Tangible fixed assets | 22/27 | €47,720 | €33,742 | -€13,977 | -29.3% |
| Plant, machinery and equipment | 23 | €5,880 | €4,861 | -€1,019 | -17.3% |
| Furniture and vehicles | 24 | €41,840 | €28,881 | -€12,958 | -31.0% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €182,195 | €107,820 | -€74,375 | -40.8% |
| Amounts receivable within one year | 40/41 | €19,981 | €3,919 | -€16,062 | -80.4% |
| Trade receivables | 40 | €12,399 | - | -€12,399 | |
| Other amounts receivable | 41 | €7,582 | €3,919 | -€3,663 | -48.3% |
| Cash at bank and in hand | 54/58 | €160,702 | €103,460 | -€57,242 | -35.6% |
| Deferred charges and accrued income | 490/1 | €1,512 | €441 | -€1,072 | -70.9% |
| Total equity and liabilities | 10/49 | €238,915 | €150,562 | -€88,353 | -37.0% |
| Equity | 10/15 | €5,000 | €7,148 | +€2,148 | +43.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | €2,148 | +€2,148 | |
| Distributable reserves | 133 | €0 | €2,148 | +€2,148 | |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €233,915 | €143,415 | -€90,500 | -38.7% |
| Amounts payable within one year | 42/48 | €233,475 | €139,775 | -€93,700 | -40.1% |
| Trade debts | 44 | €3,007 | €2,448 | -€559 | -18.6% |
| Suppliers | 440/4 | €3,007 | €2,448 | -€559 | -18.6% |
| Taxes, remuneration and social security | 45 | €7,100 | €6,889 | -€211 | -3.0% |
| Taxes | 450/3 | €7,100 | €6,889 | -€211 | -3.0% |
| Other amounts payable | 47/48 | €223,368 | €130,437 | -€92,931 | -41.6% |
| Accrued charges and deferred income | 492/3 | €440 | €3,640 | +€3,200 | +727% |
| Non-recurring operating income | 76A | - | €2,204 | +€2,204 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,646 | €16,972 | +€3,325 | +24.4% |
| Other operating charges | 640/8 | €758 | €671 | -€86 | -11.4% |
| Gross operating margin | 9900 | €25,177 | €22,874 | -€2,303 | -9.1% |
| Operating profit (loss) | 9901 | €10,773 | €5,231 | -€5,542 | -51.4% |
| Financial income | 75/76B | €110,003 | €119,806 | +€9,803 | +8.9% |
| Recurring financial income | 75 | €110,003 | €119,806 | +€9,803 | +8.9% |
| Financial charges | 65/66B | €147 | €4,162 | +€4,015 | +2,733% |
| Recurring financial charges | 65 | €147 | €166 | +€19 | +12.7% |
| Non-recurring financial charges | 66B | - | €3,996 | +€3,996 | |
| Profit (loss) for the period before taxes | 9903 | €120,629 | €120,875 | +€246 | +0.2% |
| Income taxes | 67/77 | €3,493 | €1,081 | -€2,413 | -69.1% |
| Profit (loss) for the period | 9904 | €117,136 | €119,795 | +€2,658 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €117,136 | €119,795 | +€2,658 | +2.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.