SARAHMAN: 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.
SARAHMAN
Largest movements
- Cash +€139,269
up €139,269 (+107.2%), from €129,889 to €269,158
mainly Net result for the year (+€142,892) and Depreciation (+€66,839)
- Receivables within one year +€64,545
up €64,545 (+100.5%), from €64,228 to €128,773
of which Trade receivables: +€58,050
- Tangible fixed assets -€40,860
down €40,860 (-11.6%), from €351,607 to €310,748
of which Furniture and vehicles: -€31,943
- Reserves +€142,892
up €142,892 (+72.6%), from €196,783 to €339,675
- Debts after one year -€61,804
down €61,804 (-28.7%), from €215,036 to €153,232
- Trade debts +€53,029
up €53,029 (+59.3%), from €89,451 to €142,481
- Tax, wage and social debts +€37,478
up €37,478 (+68.4%), from €54,813 to €92,291
of which Remuneration and social security: +€20,032
- Other debts -€16,895
down €16,895 (-44.7%), from €37,780 to €20,885
- Staff costs +€34,955
up €34,955 (+37.8%), from €92,523 to €127,479
- Taxes -€21,703
down €21,703 (-27.1%), from €80,209 to €58,506
- Depreciation +€15,632
up €15,632 (+30.5%), from €51,207 to €66,839
- Other operating charges -€14,354
down €14,354 (-57.8%), from €24,834 to €10,480
- Gross operating margin -€12,790
down €12,790 (-3.0%), from €431,241 to €418,451
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.
Cash bridge derived
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 | €757,128 | €916,717 | +€159,589 | +21.1% |
| Fixed assets | 21/28 | €351,767 | €310,908 | -€40,860 | -11.6% |
| Tangible fixed assets | 22/27 | €351,607 | €310,748 | -€40,860 | -11.6% |
| Land and buildings | 22 | €24,939 | €23,358 | -€1,582 | -6.3% |
| Plant, machinery and equipment | 23 | €227,330 | €207,856 | -€19,473 | -8.6% |
| Furniture and vehicles | 24 | €88,459 | €56,516 | -€31,943 | -36.1% |
| Other tangible fixed assets | 26 | €10,879 | €23,017 | +€12,138 | +111.6% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €405,361 | €605,810 | +€200,449 | +49.4% |
| Amounts receivable after more than one year | 29 | €206,813 | €206,813 | = | 0.0% |
| Other amounts receivable | 291 | €206,813 | €206,813 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64,228 | €128,773 | +€64,545 | +100.5% |
| Trade receivables | 40 | €62,533 | €120,583 | +€58,050 | +92.8% |
| Other amounts receivable | 41 | €1,696 | €8,190 | +€6,494 | +383.0% |
| Cash at bank and in hand | 54/58 | €129,889 | €269,158 | +€139,269 | +107.2% |
| Deferred charges and accrued income | 490/1 | €4,431 | €1,066 | -€3,365 | -75.9% |
| Total equity and liabilities | 10/49 | €757,128 | €916,717 | +€159,589 | +21.1% |
| Equity | 10/15 | €314,462 | €454,014 | +€139,552 | +44.4% |
| Reserves | 13 | €196,783 | €339,675 | +€142,892 | +72.6% |
| Distributable reserves | 133 | €196,783 | €339,675 | +€142,892 | +72.6% |
| Profit (loss) carried forward | 14 | €117,679 | €114,339 | -€3,340 | -2.8% |
| Amounts payable | 17/49 | €442,666 | €462,703 | +€20,037 | +4.5% |
| Amounts payable after more than one year | 17 | €215,036 | €153,232 | -€61,804 | -28.7% |
| Financial debts | 170/4 | €215,036 | €153,232 | -€61,804 | -28.7% |
| Amounts payable within one year | 42/48 | €227,630 | €309,471 | +€81,841 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €45,585 | €53,815 | +€8,229 | +18.1% |
| Trade debts | 44 | €89,451 | €142,481 | +€53,029 | +59.3% |
| Suppliers | 440/4 | €89,451 | €142,481 | +€53,029 | +59.3% |
| Taxes, remuneration and social security | 45 | €54,813 | €92,291 | +€37,478 | +68.4% |
| Taxes | 450/3 | €54,813 | €72,259 | +€17,445 | +31.8% |
| Remuneration and social security | 454/9 | - | €20,032 | +€20,032 | |
| Other amounts payable | 47/48 | €37,780 | €20,885 | -€16,895 | -44.7% |
| Non-recurring operating income | 76A | €51,938 | €14,892 | -€37,047 | -71.3% |
| Remuneration, social security and pensions | 62 | €92,523 | €127,479 | +€34,955 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,207 | €66,839 | +€15,632 | +30.5% |
| Other operating charges | 640/8 | €24,834 | €10,480 | -€14,354 | -57.8% |
| Gross operating margin | 9900 | €431,241 | €418,451 | -€12,790 | -3.0% |
| Operating profit (loss) | 9901 | €262,676 | €213,653 | -€49,023 | -18.7% |
| Financial income | 75/76B | €10 | €13 | +€3 | +32.5% |
| Recurring financial income | 75 | €10 | €13 | +€3 | +32.5% |
| Financial charges | 65/66B | €17,892 | €12,268 | -€5,624 | -31.4% |
| Recurring financial charges | 65 | €17,892 | €12,268 | -€5,624 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €244,794 | €201,398 | -€43,396 | -17.7% |
| Income taxes | 67/77 | €80,209 | €58,506 | -€21,703 | -27.1% |
| Profit (loss) for the period | 9904 | €164,584 | €142,892 | -€21,693 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €164,584 | €142,892 | -€21,693 | -13.2% |
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 10 October 2026 via checked.be.