SARDO CONSULTING: 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.
SARDO CONSULTING
Largest movements
- Cash -€61,868
down €61,868 (-99.8%), from €61,984 to €116
mainly Receivables within one year (-€58,511) and Trade debts (-€29,214)
- Receivables within one year +€58,511
up €58,511 (+67.8%), from €86,307 to €144,818
of which Other amounts receivable: +€99,911
- Profit (loss) carried forward +€50,238
new in 2025: €50,238
- Trade debts -€29,214
down €29,214 (-54.6%), from €53,504 to €24,290
- Other debts -€21,056
down €21,056 (-36.8%), from €57,228 to €36,172
- Debts after one year -€9,158
down €9,158 (-15.7%), from €58,429 to €49,271
- Turnover +€222,200
new in 2025: €222,200
- Purchases and services +€140,684
new in 2025: €140,684
- Write-downs -€37,875
no longer reported in 2025 (was €37,875)
- Taxes +€10,676
up €10,676 (+105%), from €10,169 to €20,845
- Other operating charges -€7,526
down €7,526 (-68.0%), from €11,070 to €3,545
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 | €291,702 | €286,648 | -€5,053 | -1.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €143,411 | €141,589 | -€1,822 | -1.3% |
| Tangible fixed assets | 22/27 | €106,557 | €104,736 | -€1,822 | -1.7% |
| Land and buildings | 22 | €104,272 | €100,681 | -€3,591 | -3.4% |
| Furniture and vehicles | 24 | €1,025 | €2,795 | +€1,769 | +173% |
| Other tangible fixed assets | 26 | €1,260 | €1,260 | = | 0.0% |
| Financial fixed assets | 28 | €36,853 | €36,853 | = | 0.0% |
| Current assets | 29/58 | €148,291 | €145,059 | -€3,232 | -2.2% |
| Amounts receivable within one year | 40/41 | €86,307 | €144,818 | +€58,511 | +67.8% |
| Trade receivables | 40 | €41,400 | €0 | -€41,400 | -100% |
| Other amounts receivable | 41 | €44,907 | €144,818 | +€99,911 | +222% |
| Cash at bank and in hand | 54/58 | €61,984 | €116 | -€61,868 | -99.8% |
| Deferred charges and accrued income | 490/1 | - | €125 | +€125 | |
| Total equity and liabilities | 10/49 | €291,702 | €286,648 | -€5,053 | -1.7% |
| Equity | 10/15 | €66,095 | €116,333 | +€50,238 | +76.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,495 | €47,495 | = | 0.0% |
| 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 | €45,635 | €45,635 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €50,238 | +€50,238 | |
| Amounts payable | 17/49 | €225,606 | €170,315 | -€55,291 | -24.5% |
| Amounts payable after more than one year | 17 | €58,429 | €49,271 | -€9,158 | -15.7% |
| Financial debts | 170/4 | €58,429 | €49,271 | -€9,158 | -15.7% |
| Amounts payable within one year | 42/48 | €166,331 | €118,197 | -€48,133 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €8,990 | €9,158 | +€168 | +1.9% |
| Trade debts | 44 | €53,504 | €24,290 | -€29,214 | -54.6% |
| Suppliers | 440/4 | €53,504 | €24,290 | -€29,214 | -54.6% |
| Taxes, remuneration and social security | 45 | €46,609 | €48,577 | +€1,968 | +4.2% |
| Taxes | 450/3 | €46,609 | €48,577 | +€1,968 | +4.2% |
| Other amounts payable | 47/48 | €57,228 | €36,172 | -€21,056 | -36.8% |
| Accrued charges and deferred income | 492/3 | €847 | €2,847 | +€2,000 | +236% |
| Turnover | 70 | - | €222,200 | +€222,200 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €140,684 | +€140,684 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,816 | €4,212 | +€396 | +10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,875 | - | -€37,875 | |
| Other operating charges | 640/8 | €11,070 | €3,545 | -€7,526 | -68.0% |
| Gross operating margin | 9900 | €87,442 | €85,080 | -€2,362 | -2.7% |
| Operating profit (loss) | 9901 | €34,680 | €77,324 | +€42,643 | +123% |
| Financial income | 75/76B | €330 | - | -€330 | |
| Recurring financial income | 75 | €330 | - | -€330 | |
| Financial charges | 65/66B | €9,895 | €6,241 | -€3,654 | -36.9% |
| Recurring financial charges | 65 | €9,895 | €6,241 | -€3,654 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €25,116 | €71,082 | +€45,967 | +183% |
| Income taxes | 67/77 | €10,169 | €20,845 | +€10,676 | +105% |
| Profit (loss) for the period | 9904 | €14,947 | €50,238 | +€35,291 | +236% |
| Profit (loss) for the period to be appropriated | 9905 | €14,947 | €50,238 | +€35,291 | +236% |
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 21 October 2026 via checked.be.