SARAH SYED: 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 SYED
Largest movements
- Cash +€15,391
up €15,391 (+396%), from €3,891 to €19,282
mainly Net result for the year (+€9,306) and Tax, wage and social debts (+€6,111)
- Receivables within one year +€5,312
up €5,312 (+52.5%), from €10,121 to €15,433
of which Trade receivables: +€6,700
- Tangible fixed assets -€1,444
down €1,444 (-66.5%), from €2,171 to €727
of which Furniture and vehicles: -€1,080
- Profit (loss) carried forward +€9,306
up €9,306, from -€2,560 to €6,746
- Tax, wage and social debts +€6,111
up €6,111 (+57.1%), from €10,697 to €16,808
of which Taxes: +€6,164
- Other debts +€4,370
new in 2025: €4,370
- Trade debts -€529
down €529 (-17.4%), from €3,046 to €2,517
- Gross operating margin +€2,740
up €2,740 (+20.7%), from €13,224 to €15,964
- Taxes +€1,953
up €1,953 (+74.6%), from €2,619 to €4,572
- Financial income +€330
new in 2025: €330
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 | €16,183 | €35,442 | +€19,259 | +119% |
| Fixed assets | 21/28 | €2,171 | €727 | -€1,444 | -66.5% |
| Tangible fixed assets | 22/27 | €2,171 | €727 | -€1,444 | -66.5% |
| Furniture and vehicles | 24 | €1,141 | €61 | -€1,080 | -94.6% |
| Other tangible fixed assets | 26 | €1,030 | €666 | -€364 | -35.4% |
| Current assets | 29/58 | €14,012 | €34,715 | +€20,703 | +148% |
| Amounts receivable within one year | 40/41 | €10,121 | €15,433 | +€5,312 | +52.5% |
| Trade receivables | 40 | €8,733 | €15,433 | +€6,700 | +76.7% |
| Other amounts receivable | 41 | €1,388 | €0 | -€1,388 | -100% |
| Cash at bank and in hand | 54/58 | €3,891 | €19,282 | +€15,391 | +396% |
| Total equity and liabilities | 10/49 | €16,183 | €35,442 | +€19,259 | +119% |
| Equity | 10/15 | €2,440 | €11,746 | +€9,306 | +381% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,560 | €6,746 | +€9,306 | |
| Amounts payable | 17/49 | €13,743 | €23,696 | +€9,953 | +72.4% |
| Amounts payable within one year | 42/48 | €13,743 | €23,696 | +€9,953 | +72.4% |
| Trade debts | 44 | €3,046 | €2,517 | -€529 | -17.4% |
| Suppliers | 440/4 | €3,046 | €2,517 | -€529 | -17.4% |
| Taxes, remuneration and social security | 45 | €10,697 | €16,808 | +€6,111 | +57.1% |
| Taxes | 450/3 | €8,097 | €14,261 | +€6,164 | +76.1% |
| Remuneration and social security | 454/9 | €2,600 | €2,547 | -€53 | -2.0% |
| Other amounts payable | 47/48 | - | €4,370 | +€4,370 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,461 | €1,443 | -€18 | -1.2% |
| Other operating charges | 640/8 | €899 | €928 | +€29 | +3.2% |
| Gross operating margin | 9900 | €13,224 | €15,964 | +€2,740 | +20.7% |
| Operating profit (loss) | 9901 | €10,864 | €13,593 | +€2,729 | +25.1% |
| Financial income | 75/76B | - | €330 | +€330 | |
| Recurring financial income | 75 | - | €330 | +€330 | |
| Financial charges | 65/66B | €40 | €45 | +€5 | +13.3% |
| Recurring financial charges | 65 | €40 | €45 | +€5 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €10,824 | €13,878 | +€3,054 | +28.2% |
| Income taxes | 67/77 | €2,619 | €4,572 | +€1,953 | +74.6% |
| Profit (loss) for the period | 9904 | €8,205 | €9,306 | +€1,101 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,205 | €9,306 | +€1,101 | +13.4% |
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.