SARAPO: what changed
Two fiscal 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.
SARAPO
Largest movements
- Tangible fixed assets +€69,565
up €69,565 (+25.6%), from €271,241 to €340,806
of which Land and buildings: +€70,142
- Debts after one year +€85,206
up €85,206 (+22.1%), from €385,954 to €471,160
- Profit (loss) carried forward -€10,785
down €10,785 (-7.0%), from -€153,144 to -€163,929
- Depreciation +€8,489
up €8,489 (+56.7%), from €14,969 to €23,458
- Gross operating margin -€7,182
down €7,182 (-27.6%), from €26,012 to €18,830
- Other operating charges +€1,783
up €1,783 (+42.3%), from €4,214 to €5,997
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 | €273,299 | €344,482 | +€71,183 | +26.0% |
| Fixed assets | 21/28 | €271,241 | €340,806 | +€69,565 | +25.6% |
| Tangible fixed assets | 22/27 | €271,241 | €340,806 | +€69,565 | +25.6% |
| Land and buildings | 22 | €240,203 | €310,346 | +€70,142 | +29.2% |
| Plant, machinery and equipment | 23 | €31,038 | €30,461 | -€578 | -1.9% |
| Current assets | 29/58 | €2,057 | €3,676 | +€1,619 | +78.7% |
| Amounts receivable within one year | 40/41 | - | €2,520 | +€2,520 | |
| Trade receivables | 40 | - | €2,520 | +€2,520 | |
| Cash at bank and in hand | 54/58 | €2,057 | €281 | -€1,776 | -86.3% |
| Deferred charges and accrued income | 490/1 | - | €875 | +€875 | |
| Total equity and liabilities | 10/49 | €273,299 | €344,482 | +€71,183 | +26.0% |
| Equity | 10/15 | -€115,960 | -€126,745 | -€10,785 | -9.3% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,144 | -€163,929 | -€10,785 | -7.0% |
| Amounts payable | 17/49 | €389,259 | €471,227 | +€81,968 | +21.1% |
| Amounts payable after more than one year | 17 | €385,954 | €471,160 | +€85,206 | +22.1% |
| Other amounts payable | 178/9 | €385,954 | €471,160 | +€85,206 | +22.1% |
| Amounts payable within one year | 42/48 | €3,239 | - | -€3,239 | |
| Trade debts | 44 | €3,239 | - | -€3,239 | |
| Suppliers | 440/4 | €3,239 | - | -€3,239 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,969 | €23,458 | +€8,489 | +56.7% |
| Other operating charges | 640/8 | €4,214 | €5,997 | +€1,783 | +42.3% |
| Gross operating margin | 9900 | €26,012 | €18,830 | -€7,182 | -27.6% |
| Operating profit (loss) | 9901 | €6,830 | -€10,624 | -€17,454 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €216 | €161 | -€56 | -25.7% |
| Recurring financial charges | 65 | €216 | €161 | -€56 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €6,613 | -€10,785 | -€17,398 | |
| Profit (loss) for the period | 9904 | €6,613 | -€10,785 | -€17,398 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,613 | -€10,785 | -€17,398 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.