SARANCO: what changed
What changed
SARANCO
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€1,877
2024 · €621+€1,256
Equity
€1.4m
2024 · €1.4m+€1,877
Cash
€210,386
2024 · €76,535+€133,851
Balance sheet total
€1.7m
2024 · €1.8m-€119,325
Largest movements
Assets
- Current investments -€175,000
no longer reported in 2025 (was €175,000)
- Cash +€133,851
up €133,851 (+175%), from €76,535 to €210,386
mainly Current investments (+€175,000) and Investment in fixed assets (net) (+€73,169)
- Financial fixed assets -€75,000
down €75,000 (-5.1%), from €1.5m to €1.4m
Equity and liabilities
- Other debts -€120,388
down €120,388 (-33.2%), from €362,254 to €241,865
Income statement
- Gross operating margin -€8,252
down €8,252 (-52.1%), from €15,828 to €7,576
- Depreciation +€3,539
up €3,539 (+44.6%), from €7,936 to €11,475
- Financial income -€1,848
down €1,848 (-13.5%), from €13,718 to €11,869
- Financial charges -€1,390
down €1,390 (-26.8%), from €5,183 to €3,793
- Taxes +€434
up €434 (+63.0%), from €689 to €1,123
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€621
Gross operating margin
-€8,252
Depreciation
-€3,539
Other operating charges
+€11
Other operating items
+€13,929
Financial income
-€1,848
Financial charges
+€1,390
Taxes
-€434
Result 2025
€1,877
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€114,318
Investment
+€248,169
Financing
€0
Cash 2024
€76,535
From operations (derived)
-€114,318
Net result for the year
+€1,877
Depreciation
+€11,475
Receivables within one year
-€9,930
Deferred charges and accrued income
+€3,462
Trade debts
-€1,210
Tax, wage and social debts
+€396
Other debts
-€120,388
Investment (derived)
+€248,169
Investment in fixed assets (net)
+€73,169
Current investments
+€175,000
Cash 2025
€210,386
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,785,134 | €1,665,809 | -€119,325 | -6.7% |
| Fixed assets | 21/28 | €1,527,686 | €1,443,042 | -€84,644 | -5.5% |
| Tangible fixed assets | 22/27 | €52,296 | €42,652 | -€9,644 | -18.4% |
| Plant, machinery and equipment | 23 | - | €1,671 | +€1,671 | |
| Furniture and vehicles | 24 | €38,593 | €29,225 | -€9,368 | -24.3% |
| Other tangible fixed assets | 26 | €13,702 | €11,756 | -€1,946 | -14.2% |
| Financial fixed assets | 28 | €1,475,390 | €1,400,390 | -€75,000 | -5.1% |
| Current assets | 29/58 | €257,448 | €222,767 | -€34,681 | -13.5% |
| Amounts receivable within one year | 40/41 | €2,012 | €11,941 | +€9,930 | +494% |
| Trade receivables | 40 | €1,815 | €1,815 | = | 0.0% |
| Other amounts receivable | 41 | €197 | €10,126 | +€9,930 | +5,047% |
| Current investments | 50/53 | €175,000 | - | -€175,000 | |
| Cash at bank and in hand | 54/58 | €76,535 | €210,386 | +€133,851 | +175% |
| Deferred charges and accrued income | 490/1 | €3,901 | €440 | -€3,462 | -88.7% |
| Total equity and liabilities | 10/49 | €1,785,134 | €1,665,809 | -€119,325 | -6.7% |
| Equity | 10/15 | €1,420,593 | €1,422,470 | +€1,877 | +0.1% |
| Contributions | 10/11 | €250,780 | €250,780 | = | 0.0% |
| Reserves | 13 | €866,906 | €868,783 | +€1,877 | +0.2% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Other | 1319 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €836,906 | €838,783 | +€1,877 | +0.2% |
| Profit (loss) carried forward | 14 | €302,907 | €302,907 | = | 0.0% |
| Amounts payable | 17/49 | €364,541 | €243,339 | -€121,202 | -33.2% |
| Amounts payable within one year | 42/48 | €364,541 | €243,339 | -€121,202 | -33.2% |
| Trade debts | 44 | €1,588 | €378 | -€1,210 | -76.2% |
| Suppliers | 440/4 | €1,588 | €378 | -€1,210 | -76.2% |
| Taxes, remuneration and social security | 45 | €699 | €1,096 | +€396 | +56.7% |
| Taxes | 450/3 | €699 | €1,096 | +€396 | +56.7% |
| Other amounts payable | 47/48 | €362,254 | €241,865 | -€120,388 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,936 | €11,475 | +€3,539 | +44.6% |
| Other operating charges | 640/8 | €1,187 | €1,177 | -€11 | -0.9% |
| Non-recurring operating charges | 66A | €13,929 | - | -€13,929 | |
| Gross operating margin | 9900 | €15,828 | €7,576 | -€8,252 | -52.1% |
| Operating profit (loss) | 9901 | -€7,224 | -€5,076 | +€2,148 | +29.7% |
| Financial income | 75/76B | €13,718 | €11,869 | -€1,848 | -13.5% |
| Recurring financial income | 75 | €13,718 | €11,869 | -€1,848 | -13.5% |
| Financial charges | 65/66B | €5,183 | €3,793 | -€1,390 | -26.8% |
| Recurring financial charges | 65 | €5,183 | €3,793 | -€1,390 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €1,311 | €3,000 | +€1,690 | +129% |
| Income taxes | 67/77 | €689 | €1,123 | +€434 | +63.0% |
| Profit (loss) for the period | 9904 | €621 | €1,877 | +€1,256 | +202% |
| Profit (loss) for the period to be appropriated | 9905 | €621 | €1,877 | +€1,256 | +202% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.