Sarbo: 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.
Sarbo
Largest movements
- Tangible fixed assets -€14,465
down €14,465 (-1.9%), from €777,705 to €763,240
- Cash +€8,736
up €8,736 (+294.1%), from €2,971 to €11,706
mainly Depreciation (+€14,465) and Net result for the year (+€11,382)
- Other debts -€11,800
down €11,800 (-30.1%), from €39,265 to €27,465
- Profit (loss) carried forward +€11,382
up €11,382 (+24.2%), from -€47,019 to -€35,637
- Gross operating margin +€14,564
up €14,564 (+82.1%), from €17,743 to €32,307
- Other operating charges -€5,634
down €5,634 (-57.7%), from €9,767 to €4,133
- Financial income -€356
no longer reported in 2025 (was €356)
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 | €781,360 | €777,390 | -€3,970 | -0.5% |
| Fixed assets | 21/28 | €777,705 | €763,240 | -€14,465 | -1.9% |
| Tangible fixed assets | 22/27 | €777,705 | €763,240 | -€14,465 | -1.9% |
| Land and buildings | 22 | €777,705 | €763,240 | -€14,465 | -1.9% |
| Current assets | 29/58 | €3,656 | €14,150 | +€10,495 | +287.1% |
| Amounts receivable within one year | 40/41 | €600 | €1,500 | +€900 | +150.0% |
| Other amounts receivable | 41 | €600 | €1,500 | +€900 | +150.0% |
| Cash at bank and in hand | 54/58 | €2,971 | €11,706 | +€8,736 | +294.1% |
| Deferred charges and accrued income | 490/1 | €85 | €944 | +€859 | +1010.8% |
| Total equity and liabilities | 10/49 | €781,360 | €777,390 | -€3,970 | -0.5% |
| Equity | 10/15 | €700,981 | €712,363 | +€11,382 | +1.6% |
| Contributions | 10/11 | €748,000 | €748,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,019 | -€35,637 | +€11,382 | +24.2% |
| Amounts payable | 17/49 | €80,379 | €65,027 | -€15,352 | -19.1% |
| Amounts payable after more than one year | 17 | €37,161 | €33,408 | -€3,753 | -10.1% |
| Financial debts | 170/4 | €37,161 | €33,408 | -€3,753 | -10.1% |
| Amounts payable within one year | 42/48 | €43,218 | €31,619 | -€11,599 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €3,552 | €3,753 | +€201 | +5.7% |
| Trade debts | 44 | €400 | €400 | = | 0.0% |
| Suppliers | 440/4 | €400 | €400 | = | 0.0% |
| Other amounts payable | 47/48 | €39,265 | €27,465 | -€11,800 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,427 | €14,465 | +€38 | +0.3% |
| Other operating charges | 640/8 | €9,767 | €4,133 | -€5,634 | -57.7% |
| Gross operating margin | 9900 | €17,743 | €32,307 | +€14,564 | +82.1% |
| Operating profit (loss) | 9901 | -€6,451 | €13,709 | +€20,160 | |
| Financial income | 75/76B | €356 | - | -€356 | |
| Recurring financial income | 75 | €356 | - | -€356 | |
| Financial charges | 65/66B | €2,416 | €2,327 | -€89 | -3.7% |
| Recurring financial charges | 65 | €2,416 | €2,327 | -€89 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,510 | €11,382 | +€19,893 | |
| Profit (loss) for the period | 9904 | -€8,510 | €11,382 | +€19,893 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,510 | €11,382 | +€19,893 |
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 7 October 2026 via checked.be.