SARDI: 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.
SARDI
Largest movements
- Cash +€193,323
up €193,323 (+50.6%), from €382,010 to €575,333
mainly Current investments (+€130,000) and Net result for the year (+€123,097)
- Current investments -€130,000
down €130,000 (-21.7%), from €600,000 to €470,000
- Tangible fixed assets -€84,511
down €84,511 (-2.5%), from €3.3m to €3.2m
- Profit (loss) carried forward +€137,313
up €137,313 (+18.9%), from -€724,858 to -€587,544
- Debts after one year -€129,521
down €129,521 (-2.7%), from €4.8m to €4.7m
of which Financial debts: -€129,521
- Financial income +€13,814
up €13,814 (+50.7%), from €27,271 to €41,085
- Gross operating margin -€11,727
down €11,727 (-4.8%), from €244,809 to €233,081
- Other operating charges +€5,097
up €5,097 (+12.6%), from €40,359 to €45,456
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,019,114 | €5,021,142 | +€2,028 | 0.0% |
| Fixed assets | 21/28 | €3,331,828 | €3,247,317 | -€84,511 | -2.5% |
| Tangible fixed assets | 22/27 | €3,331,828 | €3,247,317 | -€84,511 | -2.5% |
| Land and buildings | 22 | €3,331,828 | €3,247,317 | -€84,511 | -2.5% |
| Current assets | 29/58 | €1,687,286 | €1,773,825 | +€86,539 | +5.1% |
| Amounts receivable after more than one year | 29 | €600,000 | €600,000 | = | 0.0% |
| Other amounts receivable | 291 | €600,000 | €600,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,914 | €18,787 | +€4,872 | +35.0% |
| Other amounts receivable | 41 | €13,914 | €18,787 | +€4,872 | +35.0% |
| Current investments | 50/53 | €600,000 | €470,000 | -€130,000 | -21.7% |
| Cash at bank and in hand | 54/58 | €382,010 | €575,333 | +€193,323 | +50.6% |
| Deferred charges and accrued income | 490/1 | €91,361 | €109,705 | +€18,344 | +20.1% |
| Total equity and liabilities | 10/49 | €5,019,114 | €5,021,142 | +€2,028 | 0.0% |
| Equity | 10/15 | €11,286 | €134,383 | +€123,097 | +1090.7% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €236,143 | €221,927 | -€14,217 | -6.0% |
| Non-distributable reserves | 130/1 | €39,764 | €46,991 | +€7,227 | +18.2% |
| Legal reserve | 130 | €39,764 | €46,991 | +€7,227 | +18.2% |
| Tax-exempt reserves | 132 | €196,380 | €174,936 | -€21,444 | -10.9% |
| Profit (loss) carried forward | 14 | -€724,858 | -€587,544 | +€137,313 | +18.9% |
| Amounts payable | 17/49 | €5,007,828 | €4,886,759 | -€121,069 | -2.4% |
| Amounts payable after more than one year | 17 | €4,847,017 | €4,717,497 | -€129,521 | -2.7% |
| Financial debts | 170/4 | €1,474,017 | €1,344,497 | -€129,521 | -8.8% |
| Other amounts payable | 178/9 | €3,373,000 | €3,373,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €157,161 | €163,063 | +€5,902 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €128,198 | €129,521 | +€1,323 | +1.0% |
| Trade debts | 44 | €1,238 | €3,026 | +€1,788 | +144.5% |
| Suppliers | 440/4 | €1,238 | €3,026 | +€1,788 | +144.5% |
| Other amounts payable | 47/48 | €27,726 | €30,516 | +€2,791 | +10.1% |
| Accrued charges and deferred income | 492/3 | €3,650 | €6,200 | +€2,550 | +69.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,647 | €89,933 | +€1,286 | +1.5% |
| Other operating charges | 640/8 | €40,359 | €45,456 | +€5,097 | +12.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €244,809 | €233,081 | -€11,727 | -4.8% |
| Operating profit (loss) | 9901 | €115,803 | €97,692 | -€18,110 | -15.6% |
| Financial income | 75/76B | €27,271 | €41,085 | +€13,814 | +50.7% |
| Recurring financial income | 75 | €27,271 | €41,085 | +€13,814 | +50.7% |
| Financial charges | 65/66B | €16,882 | €15,680 | -€1,202 | -7.1% |
| Recurring financial charges | 65 | €16,882 | €15,680 | -€1,202 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €126,191 | €123,097 | -€3,094 | -2.5% |
| Profit (loss) for the period | 9904 | €126,191 | €123,097 | -€3,094 | -2.5% |
| Transfer from tax-exempt reserves | 789 | €21,444 | €21,444 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €147,635 | €144,540 | -€3,094 | -2.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.