SARDAP: 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.
SARDAP
Largest movements
- Cash +€20,496
up €20,496 (+40.7%), from €50,408 to €70,904
mainly Net result for the year (+€26,342) and Receivables within one year (+€6,280)
- Tangible fixed assets +€11,954
up €11,954 (+6358.5%), from €188 to €12,142
- Receivables within one year -€6,280
down €6,280 (-34.0%), from €18,473 to €12,193
of which Trade receivables: -€7,306
- Profit (loss) carried forward +€26,342
up €26,342 (+57.9%), from €45,503 to €71,845
- Tax, wage and social debts +€2,757
up €2,757 (+84.9%), from €3,246 to €6,003
of which Taxes: +€2,885
- Other debts -€1,864
no longer reported in 2025 (was €1,864)
- Trade debts -€1,356
down €1,356 (-47.5%), from €2,857 to €1,501
- Turnover +€22,471
up €22,471 (+9.5%), from €237,167 to €259,638
- Purchases and services +€15,652
up €15,652 (+9.6%), from €163,706 to €179,358
- Gross operating margin +€6,819
up €6,819 (+9.3%), from €73,461 to €80,280
- Staff costs -€3,506
down €3,506 (-7.1%), from €49,675 to €46,169
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 | €73,930 | €99,918 | +€25,988 | +35.2% |
| Fixed assets | 21/28 | €3,548 | €15,502 | +€11,954 | +336.9% |
| Tangible fixed assets | 22/27 | €188 | €12,142 | +€11,954 | +6358.5% |
| Plant, machinery and equipment | 23 | €188 | €12,142 | +€11,954 | +6358.5% |
| Financial fixed assets | 28 | €3,360 | €3,360 | = | 0.0% |
| Current assets | 29/58 | €70,382 | €84,416 | +€14,034 | +19.9% |
| Stocks and contracts in progress | 3 | €1,501 | €1,319 | -€182 | -12.1% |
| Stocks | 30/36 | €1,501 | €1,319 | -€182 | -12.1% |
| Amounts receivable within one year | 40/41 | €18,473 | €12,193 | -€6,280 | -34.0% |
| Trade receivables | 40 | €12,991 | €5,685 | -€7,306 | -56.2% |
| Other amounts receivable | 41 | €5,482 | €6,508 | +€1,026 | +18.7% |
| Cash at bank and in hand | 54/58 | €50,408 | €70,904 | +€20,496 | +40.7% |
| Total equity and liabilities | 10/49 | €73,930 | €99,918 | +€25,988 | +35.2% |
| Equity | 10/15 | €65,963 | €92,305 | +€26,342 | +39.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,503 | €71,845 | +€26,342 | +57.9% |
| Amounts payable | 17/49 | €7,967 | €7,613 | -€354 | -4.4% |
| Amounts payable within one year | 42/48 | €7,967 | €7,504 | -€463 | -5.8% |
| Trade debts | 44 | €2,857 | €1,501 | -€1,356 | -47.5% |
| Suppliers | 440/4 | €2,857 | €1,501 | -€1,356 | -47.5% |
| Taxes, remuneration and social security | 45 | €3,246 | €6,003 | +€2,757 | +84.9% |
| Taxes | 450/3 | €1,476 | €4,361 | +€2,885 | +195.5% |
| Remuneration and social security | 454/9 | €1,770 | €1,642 | -€128 | -7.2% |
| Other amounts payable | 47/48 | €1,864 | - | -€1,864 | |
| Accrued charges and deferred income | 492/3 | - | €109 | +€109 | |
| Turnover | 70 | €237,167 | €259,638 | +€22,471 | +9.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €163,706 | €179,358 | +€15,652 | +9.6% |
| Remuneration, social security and pensions | 62 | €49,675 | €46,169 | -€3,506 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,974 | €499 | -€1,475 | -74.7% |
| Other operating charges | 640/8 | €3,189 | €2,468 | -€721 | -22.6% |
| Gross operating margin | 9900 | €73,461 | €80,280 | +€6,819 | +9.3% |
| Operating profit (loss) | 9901 | €18,623 | €31,144 | +€12,521 | +67.2% |
| Financial charges | 65/66B | €1,419 | €483 | -€936 | -66.0% |
| Recurring financial charges | 65 | €1,419 | €483 | -€936 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | €17,204 | €30,661 | +€13,457 | +78.2% |
| Income taxes | 67/77 | €3,865 | €4,319 | +€454 | +11.7% |
| Profit (loss) for the period | 9904 | €13,339 | €26,342 | +€13,003 | +97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,339 | €26,342 | +€13,003 | +97.5% |
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 4 October 2026 via checked.be.