SARCOLUX: 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.
SARCOLUX
Largest movements
- Stocks and contracts -€25,655
down €25,655 (-41.3%), from €62,153 to €36,498
- Receivables within one year +€15,583
up €15,583 (+12.2%), from €128,077 to €143,660
of which Trade receivables: +€15,028
- Tangible fixed assets -€14,026
down €14,026 (-62.4%), from €22,492 to €8,466
of which Furniture and vehicles: -€8,234
- Cash +€3,621
up €3,621 (+3.3%), from €110,257 to €113,878
mainly Stocks and contracts (+€25,655) and Depreciation (+€14,736)
- Trade debts -€22,771
down €22,771 (-25.1%), from €90,864 to €68,093
- Profit (loss) carried forward +€11,158
up €11,158 (+15.8%), from €70,733 to €81,891
- Current portion of long-term debt -€5,696
down €5,696 (-76.8%), from €7,416 to €1,720
- Gross operating margin +€12,555
up €12,555 (+10.4%), from €121,249 to €133,803
- Taxes -€11,184
down €11,184 (-69.1%), from €16,180 to €4,996
- Staff costs +€6,990
up €6,990 (+8.2%), from €85,694 to €92,684
- Depreciation -€3,477
down €3,477 (-19.1%), from €18,213 to €14,736
- Financial income -€3,286
down €3,286 (-33.6%), from €9,771 to €6,485
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,681 | €304,929 | -€19,751 | -6.1% |
| Fixed assets | 21/28 | €23,750 | €9,725 | -€14,026 | -59.1% |
| Tangible fixed assets | 22/27 | €22,492 | €8,466 | -€14,026 | -62.4% |
| Land and buildings | 22 | €3,444 | €3,009 | -€435 | -12.6% |
| Plant, machinery and equipment | 23 | €8,197 | €2,840 | -€5,357 | -65.4% |
| Furniture and vehicles | 24 | €10,851 | €2,617 | -€8,234 | -75.9% |
| Financial fixed assets | 28 | €1,258 | €1,258 | = | 0.0% |
| Current assets | 29/58 | €300,930 | €295,205 | -€5,725 | -1.9% |
| Stocks and contracts in progress | 3 | €62,153 | €36,498 | -€25,655 | -41.3% |
| Stocks | 30/36 | €62,153 | €36,498 | -€25,655 | -41.3% |
| Amounts receivable within one year | 40/41 | €128,077 | €143,660 | +€15,583 | +12.2% |
| Trade receivables | 40 | €126,676 | €141,704 | +€15,028 | +11.9% |
| Other amounts receivable | 41 | €1,401 | €1,956 | +€555 | +39.7% |
| Cash at bank and in hand | 54/58 | €110,257 | €113,878 | +€3,621 | +3.3% |
| Deferred charges and accrued income | 490/1 | €444 | €1,169 | +€725 | +163% |
| Total equity and liabilities | 10/49 | €324,681 | €304,929 | -€19,751 | -6.1% |
| Equity | 10/15 | €208,816 | €219,975 | +€11,158 | +5.3% |
| Contributions | 10/11 | €127,616 | €127,616 | = | 0.0% |
| Capital | 10 | €127,616 | €127,616 | = | 0.0% |
| Issued capital | 100 | €127,616 | €127,616 | = | 0.0% |
| Reserves | 13 | €10,468 | €10,468 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,232 | €8,232 | = | 0.0% |
| Legal reserve | 130 | €8,232 | €8,232 | = | 0.0% |
| Distributable reserves | 133 | €2,236 | €2,236 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,733 | €81,891 | +€11,158 | +15.8% |
| Amounts payable | 17/49 | €115,864 | €84,954 | -€30,910 | -26.7% |
| Amounts payable after more than one year | 17 | €1,720 | - | -€1,720 | |
| Financial debts | 170/4 | €1,720 | - | -€1,720 | |
| Amounts payable within one year | 42/48 | €114,144 | €84,954 | -€29,190 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €7,416 | €1,720 | -€5,696 | -76.8% |
| Trade debts | 44 | €90,864 | €68,093 | -€22,771 | -25.1% |
| Suppliers | 440/4 | €90,864 | €68,093 | -€22,771 | -25.1% |
| Taxes, remuneration and social security | 45 | €13,570 | €12,891 | -€678 | -5.0% |
| Taxes | 450/3 | €577 | - | -€577 | |
| Remuneration and social security | 454/9 | €12,992 | €12,891 | -€101 | -0.8% |
| Other amounts payable | 47/48 | €2,294 | €2,250 | -€44 | -1.9% |
| Non-recurring operating income | 76A | - | €44 | +€44 | |
| Remuneration, social security and pensions | 62 | €85,694 | €92,684 | +€6,990 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,213 | €14,736 | -€3,477 | -19.1% |
| Other operating charges | 640/8 | €8,717 | €9,444 | +€727 | +8.3% |
| Gross operating margin | 9900 | €121,249 | €133,803 | +€12,555 | +10.4% |
| Operating profit (loss) | 9901 | €8,625 | €16,940 | +€8,315 | +96.4% |
| Financial income | 75/76B | €9,771 | €6,485 | -€3,286 | -33.6% |
| Recurring financial income | 75 | €9,771 | €6,485 | -€3,286 | -33.6% |
| Financial charges | 65/66B | €7,491 | €7,271 | -€220 | -2.9% |
| Recurring financial charges | 65 | €7,491 | €7,271 | -€220 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €10,905 | €16,155 | +€5,249 | +48.1% |
| Income taxes | 67/77 | €16,180 | €4,996 | -€11,184 | -69.1% |
| Profit (loss) for the period | 9904 | -€5,275 | €11,158 | +€16,433 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,275 | €11,158 | +€16,433 |
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 18 October 2026 via checked.be.