SARAN: 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.
SARAN
Largest movements
- Cash -€190,641
down €190,641 (-86.9%), from €219,405 to €28,764
mainly Other debts (-€169,766) and Deferred charges and accrued income (-€65,230)
- Deferred charges and accrued income +€65,230
up €65,230 (+5,018%), from €1,300 to €66,530
- Receivables within one year +€24,643
up €24,643 (+97.2%), from €25,357 to €50,000
- Other debts -€169,766
down €169,766 (-71.0%), from €239,231 to €69,466
- Reserves +€82,857
up €82,857 (+54.7%), from €151,421 to €234,278
- Debts after one year -€15,515
down €15,515 (-43.1%), from €35,968 to €20,453
- Tax, wage and social debts +€5,660
up €5,660 (+46.7%), from €12,106 to €17,766
- Financial income -€16,452
down €16,452 (-19.7%), from €83,464 to €67,012
- Other operating charges +€10,632
up €10,632 (+248%), from €4,282 to €14,913
- Write-downs -€10,500
new in 2025: -€10,500
- Gross operating margin +€8,085
up €8,085 (+20.8%), from €38,794 to €46,879
- Taxes +€1,032
up €1,032 (+6.7%), from €15,484 to €16,516
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 | €480,819 | €383,512 | -€97,308 | -20.2% |
| Fixed assets | 21/28 | €234,757 | €238,217 | +€3,460 | +1.5% |
| Tangible fixed assets | 22/27 | €221,707 | €225,167 | +€3,460 | +1.6% |
| Land and buildings | 22 | €221,707 | €225,167 | +€3,460 | +1.6% |
| Financial fixed assets | 28 | €13,050 | €13,050 | = | 0.0% |
| Current assets | 29/58 | €246,062 | €145,294 | -€100,768 | -41.0% |
| Amounts receivable within one year | 40/41 | €25,357 | €50,000 | +€24,643 | +97.2% |
| Trade receivables | 40 | €25,357 | €50,000 | +€24,643 | +97.2% |
| Cash at bank and in hand | 54/58 | €219,405 | €28,764 | -€190,641 | -86.9% |
| Deferred charges and accrued income | 490/1 | €1,300 | €66,530 | +€65,230 | +5,018% |
| Total equity and liabilities | 10/49 | €480,819 | €383,512 | -€97,308 | -20.2% |
| Equity | 10/15 | €170,013 | €252,870 | +€82,857 | +48.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €151,421 | €234,278 | +€82,857 | +54.7% |
| Distributable reserves | 133 | €151,421 | €234,278 | +€82,857 | +54.7% |
| Amounts payable | 17/49 | €310,806 | €130,641 | -€180,164 | -58.0% |
| Amounts payable after more than one year | 17 | €35,968 | €20,453 | -€15,515 | -43.1% |
| Financial debts | 170/4 | €35,968 | €20,453 | -€15,515 | -43.1% |
| Amounts payable within one year | 42/48 | €271,922 | €108,515 | -€163,407 | -60.1% |
| Current portion of amounts payable after more than one year | 42 | €14,800 | €15,515 | +€716 | +4.8% |
| Trade debts | 44 | €5,784 | €5,768 | -€16 | -0.3% |
| Suppliers | 440/4 | €5,784 | €5,768 | -€16 | -0.3% |
| Taxes, remuneration and social security | 45 | €12,106 | €17,766 | +€5,660 | +46.7% |
| Taxes | 450/3 | €12,106 | €17,766 | +€5,660 | +46.7% |
| Other amounts payable | 47/48 | €239,231 | €69,466 | -€169,766 | -71.0% |
| Accrued charges and deferred income | 492/3 | €2,916 | €1,673 | -€1,242 | -42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,887 | €7,734 | +€846 | +12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€10,500 | -€10,500 | |
| Other operating charges | 640/8 | €4,282 | €14,913 | +€10,632 | +248% |
| Gross operating margin | 9900 | €38,794 | €46,879 | +€8,085 | +20.8% |
| Operating profit (loss) | 9901 | €27,625 | €34,732 | +€7,107 | +25.7% |
| Financial income | 75/76B | €83,464 | €67,012 | -€16,452 | -19.7% |
| Recurring financial income | 75 | €83,464 | €67,012 | -€16,452 | -19.7% |
| Financial charges | 65/66B | €3,020 | €2,371 | -€649 | -21.5% |
| Recurring financial charges | 65 | €3,020 | €2,371 | -€649 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €108,069 | €99,373 | -€8,696 | -8.0% |
| Income taxes | 67/77 | €15,484 | €16,516 | +€1,032 | +6.7% |
| Profit (loss) for the period | 9904 | €92,585 | €82,857 | -€9,728 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €92,585 | €82,857 | -€9,728 | -10.5% |
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 16 October 2026 via checked.be.