Sarco: 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.
What changed
Sarco
NACE 14.230, Manufacture of wearing apparel
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€239,794
2024 · €384,825-€145,031
Equity
€8.7m
2024 · €8.5m+€239,794
Cash
€649,694
2024 · €618,652+€31,041
Balance sheet total
€9.6m
2024 · €9.9m-€388,420
Largest movements
Assets
- Receivables within one year -€780,167
down €780,167 (-18.1%), from €4.3m to €3.5m
of which Trade receivables: -€807,861
- Stocks and contracts +€393,237
up €393,237 (+13.0%), from €3.0m to €3.4m
- Tangible fixed assets -€125,483
down €125,483 (-15.0%), from €834,721 to €709,238
of which Furniture and vehicles: -€102,958
- Current investments +€111,108
up €111,108 (+10.9%), from €1.0m to €1.1m
Equity and liabilities
- Advances received -€311,021
down €311,021 (-83.9%), from €370,565 to €59,544
- Reserves +€239,794
up €239,794 (+2.9%), from €8.3m to €8.5m
of which Distributable reserves: +€239,794
- Trade debts -€192,918
down €192,918 (-29.4%), from €655,362 to €462,444
- Tax, wage and social debts -€125,058
down €125,058 (-29.4%), from €426,024 to €300,966
of which Taxes: -€123,370
Income statement
- Turnover -€773,257
down €773,257 (-7.5%), from €10.4m to €9.6m
- Goods and materials -€694,383
down €694,383 (-11.2%), from €6.2m to €5.5m
of which Change in stocks: decrease (increase): -€522,563
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.
Result 2024
€384,825
Turnover
-€773,257
Other operating income
+€9,711
Goods and materials
+€694,383
Services and other goods
-€99,687
Staff costs
+€55,311
Depreciation
-€42,422
Other operating charges
-€1,032
Other operating items
-€45,000
Financial income
+€19,809
Financial charges
+€1,343
Taxes
+€35,811
Result 2025
€239,794
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€212,181
Investment
-€181,140
Financing
€0
Cash 2024
€618,652
From operations (derived)
+€212,181
Net result for the year
+€239,794
Depreciation
+€211,368
Stocks and contracts
-€393,237
Receivables within one year
+€780,167
Deferred charges and accrued income
+€2,302
Trade debts
-€192,918
Tax, wage and social debts
-€125,058
Advances received
-€311,021
Other debts
+€783
Investment (derived)
-€181,140
Investment in fixed assets (net)
-€70,032
Current investments
-€111,108
Cash 2025
€649,694
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,938,532 | €9,550,112 | -€388,420 | -3.9% |
| Fixed assets | 21/28 | €972,992 | €831,655 | -€141,336 | -14.5% |
| Intangible fixed assets | 21 | €45,326 | €45,293 | -€33 | -0.1% |
| Tangible fixed assets | 22/27 | €834,721 | €709,238 | -€125,483 | -15.0% |
| Plant, machinery and equipment | 23 | €42,844 | €32,033 | -€10,811 | -25.2% |
| Furniture and vehicles | 24 | €360,605 | €257,647 | -€102,958 | -28.6% |
| Other tangible fixed assets | 26 | €431,272 | €419,558 | -€11,714 | -2.7% |
| Financial fixed assets | 28 | €92,945 | €77,125 | -€15,820 | -17.0% |
| Other financial fixed assets | 284/8 | €92,945 | €77,125 | -€15,820 | -17.0% |
| Amounts receivable and cash guarantees | 285/8 | €92,945 | €77,125 | -€15,820 | -17.0% |
| Current assets | 29/58 | €8,965,541 | €8,718,457 | -€247,084 | -2.8% |
| Stocks and contracts in progress | 3 | €3,023,593 | €3,416,830 | +€393,237 | +13.0% |
| Stocks | 30/36 | €3,023,593 | €3,416,830 | +€393,237 | +13.0% |
| Raw materials and consumables | 30/31 | €3,023,593 | €3,416,830 | +€393,237 | +13.0% |
| Amounts receivable within one year | 40/41 | €4,305,317 | €3,525,149 | -€780,167 | -18.1% |
| Trade receivables | 40 | €4,150,413 | €3,342,552 | -€807,861 | -19.5% |
| Other amounts receivable | 41 | €154,904 | €182,597 | +€27,693 | +17.9% |
| Current investments | 50/53 | €1,015,078 | €1,126,185 | +€111,108 | +10.9% |
| Other investments | 51/53 | €1,015,078 | €1,126,185 | +€111,108 | +10.9% |
| Cash at bank and in hand | 54/58 | €618,652 | €649,694 | +€31,041 | +5.0% |
| Deferred charges and accrued income | 490/1 | €2,900 | €598 | -€2,302 | -79.4% |
| Total equity and liabilities | 10/49 | €9,938,532 | €9,550,112 | -€388,420 | -3.9% |
| Equity | 10/15 | €8,482,613 | €8,722,407 | +€239,794 | +2.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €8,282,613 | €8,522,407 | +€239,794 | +2.9% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,984 | €63,984 | = | 0.0% |
| Distributable reserves | 133 | €8,198,629 | €8,438,423 | +€239,794 | +2.9% |
| Amounts payable | 17/49 | €1,455,919 | €827,705 | -€628,214 | -43.1% |
| Amounts payable within one year | 42/48 | €1,455,919 | €827,705 | -€628,214 | -43.1% |
| Trade debts | 44 | €655,362 | €462,444 | -€192,918 | -29.4% |
| Suppliers | 440/4 | €655,362 | €462,444 | -€192,918 | -29.4% |
| Advances received on contracts in progress | 46 | €370,565 | €59,544 | -€311,021 | -83.9% |
| Taxes, remuneration and social security | 45 | €426,024 | €300,966 | -€125,058 | -29.4% |
| Taxes | 450/3 | €212,603 | €89,233 | -€123,370 | -58.0% |
| Remuneration and social security | 454/9 | €213,421 | €211,733 | -€1,688 | -0.8% |
| Other amounts payable | 47/48 | €3,968 | €4,752 | +€783 | +19.7% |
| Operating income | 70/76A | €10,414,024 | €9,605,478 | -€808,546 | -7.8% |
| Turnover | 70 | €10,357,209 | €9,583,952 | -€773,257 | -7.5% |
| Other operating income | 74 | €11,814 | €21,525 | +€9,711 | +82.2% |
| Non-recurring operating income | 76A | €45,000 | - | -€45,000 | |
| Operating charges | 60/66A | €10,012,782 | €9,406,229 | -€606,553 | -6.1% |
| Goods for resale, raw materials and consumables | 60 | €6,210,657 | €5,516,274 | -€694,383 | -11.2% |
| Purchases | 600/8 | €6,081,331 | €5,909,511 | -€171,820 | -2.8% |
| Change in stocks: decrease (increase) | 609 | €129,326 | -€393,237 | -€522,563 | |
| Services and other goods | 61 | €1,459,272 | €1,558,960 | +€99,687 | +6.8% |
| Remuneration, social security and pensions | 62 | €2,139,388 | €2,084,077 | -€55,311 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,946 | €211,368 | +€42,422 | +25.1% |
| Other operating charges | 640/8 | €34,519 | €35,550 | +€1,032 | +3.0% |
| Operating profit (loss) | 9901 | €401,242 | €199,248 | -€201,994 | -50.3% |
| Financial income | 75/76B | €131,384 | €151,193 | +€19,809 | +15.1% |
| Recurring financial income | 75 | €131,384 | €151,193 | +€19,809 | +15.1% |
| Income from current assets | 751 | €108,024 | €111,444 | +€3,420 | +3.2% |
| Other financial income | 752/9 | €23,360 | €39,749 | +€16,389 | +70.2% |
| Financial charges | 65/66B | €13,333 | €11,990 | -€1,343 | -10.1% |
| Recurring financial charges | 65 | €13,333 | €11,908 | -€1,425 | -10.7% |
| Other financial charges | 652/9 | €13,333 | €11,908 | -€1,425 | -10.7% |
| Non-recurring financial charges | 66B | - | €83 | +€83 | |
| Profit (loss) for the period before taxes | 9903 | €519,293 | €338,451 | -€180,842 | -34.8% |
| Income taxes | 67/77 | €134,468 | €98,657 | -€35,811 | -26.6% |
| Taxes | 670/3 | €134,468 | €98,657 | -€35,811 | -26.6% |
| Profit (loss) for the period | 9904 | €384,825 | €239,794 | -€145,031 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €384,825 | €239,794 | -€145,031 | -37.7% |
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 17 October 2026 via checked.be.