SARAY: 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.
SARAY
Largest movements
- Receivables within one year +€18,863
up €18,863 (+570.5%), from €3,306 to €22,170
of which Trade receivables: +€17,512
- Cash +€1,954
up €1,954 (+100.0%), from €1,953 to €3,907
mainly Trade debts (+€13,677) and Tax, wage and social debts (+€5,282)
- Tangible fixed assets -€1,362
down €1,362 (-10.7%), from €12,685 to €11,324
of which Plant, machinery and equipment: -€1,249
- Trade debts +€13,677
up €13,677 (+95.8%), from €14,280 to €27,957
- Tax, wage and social debts +€5,282
up €5,282 (+268.2%), from €1,969 to €7,251
of which Remuneration and social security: +€4,581
- Profit (loss) carried forward +€489
up €489 (+6.7%), from -€7,342 to -€6,853
- Gross operating margin +€19,559
up €19,559 (+5240.1%), from €373 to €19,933
- Staff costs +€8,857
up €8,857 (+266.1%), from €3,328 to €12,185
- Other operating charges +€3,542
up €3,542 (+1416.6%), from €250 to €3,792
- Depreciation +€2,219
up €2,219 (+248.7%), from €892 to €3,112
- Taxes +€845
new in 2025: €845
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 | €18,858 | €38,672 | +€19,815 | +105.1% |
| Fixed assets | 21/28 | €12,685 | €11,324 | -€1,362 | -10.7% |
| Tangible fixed assets | 22/27 | €12,685 | €11,324 | -€1,362 | -10.7% |
| Plant, machinery and equipment | 23 | €12,359 | €11,109 | -€1,249 | -10.1% |
| Furniture and vehicles | 24 | €327 | €215 | -€112 | -34.3% |
| Current assets | 29/58 | €6,172 | €27,348 | +€21,176 | +343.1% |
| Stocks and contracts in progress | 3 | €913 | €1,272 | +€359 | +39.3% |
| Stocks | 30/36 | €913 | €1,272 | +€359 | +39.3% |
| Amounts receivable within one year | 40/41 | €3,306 | €22,170 | +€18,863 | +570.5% |
| Trade receivables | 40 | €3,245 | €20,757 | +€17,512 | +539.6% |
| Other amounts receivable | 41 | €61 | €1,412 | +€1,351 | +2208.0% |
| Cash at bank and in hand | 54/58 | €1,953 | €3,907 | +€1,954 | +100.0% |
| Total equity and liabilities | 10/49 | €18,858 | €38,672 | +€19,815 | +105.1% |
| Equity | 10/15 | €658 | €1,147 | +€489 | +74.4% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,342 | -€6,853 | +€489 | +6.7% |
| Amounts payable | 17/49 | €18,200 | €37,526 | +€19,326 | +106.2% |
| Amounts payable within one year | 42/48 | €18,200 | €37,526 | +€19,326 | +106.2% |
| Trade debts | 44 | €14,280 | €27,957 | +€13,677 | +95.8% |
| Suppliers | 440/4 | €14,280 | €27,957 | +€13,677 | +95.8% |
| Taxes, remuneration and social security | 45 | €1,969 | €7,251 | +€5,282 | +268.2% |
| Taxes | 450/3 | €144 | €845 | +€701 | +486.6% |
| Remuneration and social security | 454/9 | €1,825 | €6,406 | +€4,581 | +251.0% |
| Other amounts payable | 47/48 | €1,951 | €2,318 | +€367 | +18.8% |
| Remuneration, social security and pensions | 62 | €3,328 | €12,185 | +€8,857 | +266.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €892 | €3,112 | +€2,219 | +248.7% |
| Other operating charges | 640/8 | €250 | €3,792 | +€3,542 | +1416.6% |
| Gross operating margin | 9900 | €373 | €19,933 | +€19,559 | +5240.1% |
| Operating profit (loss) | 9901 | -€4,097 | €845 | +€4,942 | |
| Financial income | 75/76B | - | €737 | +€737 | |
| Recurring financial income | 75 | - | €737 | +€737 | |
| Financial charges | 65/66B | €100 | €248 | +€148 | +147.7% |
| Recurring financial charges | 65 | €100 | €248 | +€148 | +147.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,197 | €1,333 | +€5,531 | |
| Income taxes | 67/77 | - | €845 | +€845 | |
| Profit (loss) for the period | 9904 | -€4,197 | €489 | +€4,686 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,197 | €489 | +€4,686 |
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 29 September 2026 via checked.be.