Sarah Marks: 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 Marks
Largest movements
- Receivables within one year -€1,478
down €1,478 (-10.7%), from €13,789 to €12,311
of which Other amounts receivable: -€3,520
- Tax, wage and social debts -€1,113
down €1,113 (-82.5%), from €1,348 to €235
- Gross operating margin +€12,951
up €12,951, from -€12,789 to €162
- Other operating charges -€385
down €385 (-76.3%), from €505 to €120
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 | €55,678 | €54,433 | -€1,246 | -2.2% |
| Current assets | 29/58 | €55,678 | €54,433 | -€1,246 | -2.2% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,789 | €12,311 | -€1,478 | -10.7% |
| Trade receivables | 40 | €292 | €2,333 | +€2,042 | +700% |
| Other amounts receivable | 41 | €13,498 | €9,978 | -€3,520 | -26.1% |
| Cash at bank and in hand | 54/58 | €1,889 | €2,122 | +€232 | +12.3% |
| Total equity and liabilities | 10/49 | €55,678 | €54,433 | -€1,246 | -2.2% |
| Equity | 10/15 | €47,106 | €46,958 | -€148 | -0.3% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Reserves | 13 | €55,882 | €55,882 | = | 0.0% |
| Distributable reserves | 133 | €55,882 | €55,882 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,026 | -€10,174 | -€148 | -1.5% |
| Amounts payable | 17/49 | €8,573 | €7,475 | -€1,098 | -12.8% |
| Amounts payable within one year | 42/48 | €2,041 | €943 | -€1,098 | -53.8% |
| Trade debts | 44 | €69 | €200 | +€131 | +191% |
| Suppliers | 440/4 | €69 | €200 | +€131 | +191% |
| Taxes, remuneration and social security | 45 | €1,348 | €235 | -€1,113 | -82.5% |
| Taxes | 450/3 | €1,348 | €235 | -€1,113 | -82.5% |
| Other amounts payable | 47/48 | €623 | €507 | -€116 | -18.7% |
| Accrued charges and deferred income | 492/3 | €6,532 | €6,532 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €120 | -€385 | -76.3% |
| Gross operating margin | 9900 | -€12,789 | €162 | +€12,951 | |
| Operating profit (loss) | 9901 | -€13,294 | €42 | +€13,336 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €142 | €190 | +€48 | +34.1% |
| Recurring financial charges | 65 | €142 | €190 | +€48 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,436 | -€148 | +€13,288 | +98.9% |
| Profit (loss) for the period | 9904 | -€13,436 | -€148 | +€13,288 | +98.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,436 | -€148 | +€13,288 | +98.9% |
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 28 October 2026 via checked.be.