SARDJOE U.: 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.
SARDJOE U.
Largest movements
- Cash -€15,532
down €15,532 (-100%), from €15,532 to €0
mainly Accrued charges and deferred income (-€27,036) and Other debts (-€11,960)
- Receivables within one year +€11,130
up €11,130 (+15.2%), from €73,369 to €84,499
of which Other amounts receivable: +€66,133
- Tangible fixed assets -€3,745
down €3,745 (-19.7%), from €19,011 to €15,266
of which Furniture and vehicles: -€5,264
- Reserves +€29,201
up €29,201 (+146%), from €19,952 to €49,154
of which Distributable reserves: +€29,201
- Accrued charges and deferred income -€27,036
down €27,036 (-98.5%), from €27,436 to €400
- Other debts -€11,960
down €11,960 (-100%), from €11,960 to €0
- Tax, wage and social debts +€4,486
up €4,486 (+18.8%), from €23,840 to €28,326
- Trade debts -€2,920
down €2,920 (-47.7%), from €6,123 to €3,203
- Gross operating margin -€23,334
down €23,334 (-33.1%), from €70,559 to €47,224
- Taxes -€3,200
down €3,200 (-22.4%), from €14,271 to €11,071
- Financial income +€1,468
up €1,468, from €0 to €1,468
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 | €107,912 | €99,920 | -€7,992 | -7.4% |
| Fixed assets | 21/28 | €19,011 | €15,266 | -€3,745 | -19.7% |
| Tangible fixed assets | 22/27 | €19,011 | €15,266 | -€3,745 | -19.7% |
| Plant, machinery and equipment | 23 | €2,015 | €3,534 | +€1,519 | +75.4% |
| Furniture and vehicles | 24 | €16,996 | €11,732 | -€5,264 | -31.0% |
| Current assets | 29/58 | €88,901 | €84,653 | -€4,247 | -4.8% |
| Amounts receivable within one year | 40/41 | €73,369 | €84,499 | +€11,130 | +15.2% |
| Trade receivables | 40 | €73,369 | €18,366 | -€55,003 | -75.0% |
| Other amounts receivable | 41 | - | €66,133 | +€66,133 | |
| Cash at bank and in hand | 54/58 | €15,532 | €0 | -€15,532 | -100% |
| Deferred charges and accrued income | 490/1 | €0 | €154 | +€154 | |
| Total equity and liabilities | 10/49 | €107,912 | €99,920 | -€7,992 | -7.4% |
| Equity | 10/15 | €38,552 | €67,754 | +€29,201 | +75.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,952 | €49,154 | +€29,201 | +146% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €18,092 | €47,294 | +€29,201 | +161% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €69,359 | €32,166 | -€37,193 | -53.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €41,924 | €31,766 | -€10,158 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €237 | +€237 | |
| Credit institutions | 430/8 | - | €237 | +€237 | |
| Trade debts | 44 | €6,123 | €3,203 | -€2,920 | -47.7% |
| Suppliers | 440/4 | €6,123 | €3,203 | -€2,920 | -47.7% |
| Taxes, remuneration and social security | 45 | €23,840 | €28,326 | +€4,486 | +18.8% |
| Taxes | 450/3 | €23,840 | €28,326 | +€4,486 | +18.8% |
| Other amounts payable | 47/48 | €11,960 | €0 | -€11,960 | -100% |
| Accrued charges and deferred income | 492/3 | €27,436 | €400 | -€27,036 | -98.5% |
| Non-recurring operating income | 76A | €12,631 | €0 | -€12,631 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,160 | €6,658 | +€498 | +8.1% |
| Other operating charges | 640/8 | €1,859 | €1,354 | -€505 | -27.2% |
| Gross operating margin | 9900 | €70,559 | €47,224 | -€23,334 | -33.1% |
| Operating profit (loss) | 9901 | €62,540 | €39,212 | -€23,327 | -37.3% |
| Financial income | 75/76B | €0 | €1,468 | +€1,468 | |
| Recurring financial income | 75 | €0 | €1,468 | +€1,468 | |
| Financial charges | 65/66B | €867 | €408 | -€458 | -52.9% |
| Recurring financial charges | 65 | €867 | €408 | -€458 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €61,673 | €40,272 | -€21,401 | -34.7% |
| Income taxes | 67/77 | €14,271 | €11,071 | -€3,200 | -22.4% |
| Profit (loss) for the period | 9904 | €47,402 | €29,201 | -€18,201 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,402 | €29,201 | -€18,201 | -38.4% |
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 15 October 2026 via checked.be.