SAREDECO: 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.
SAREDECO
Largest movements
- Current investments +€1.9m
up €1.9m (+220.0%), from €850,000 to €2.7m
- Receivables within one year -€374,868
down €374,868 (-8.5%), from €4.4m to €4.0m
- Reserves +€1.5m
up €1.5m (+28.6%), from €5.2m to €6.7m
- Financial income +€97,441
up €97,441 (+6.8%), from €1.4m to €1.5m
- Taxes -€28,369
down €28,369 (-67.4%), from €42,070 to €13,701
- Financial charges +€12,021
up €12,021 (+14957.6%), from €80 to €12,102
- Gross operating margin -€1,191
down €1,191 (-44.3%), from -€2,687 to -€3,877
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 | €7,539,743 | €8,999,339 | +€1.5m | +19.4% |
| Fixed assets | 21/28 | €2,230,000 | €2,230,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,230,000 | €2,230,000 | = | 0.0% |
| Current assets | 29/58 | €5,309,743 | €6,769,339 | +€1.5m | +27.5% |
| Amounts receivable within one year | 40/41 | €4,415,503 | €4,040,635 | -€374,868 | -8.5% |
| Other amounts receivable | 41 | €4,415,503 | €4,040,635 | -€374,868 | -8.5% |
| Current investments | 50/53 | €850,000 | €2,720,158 | +€1.9m | +220.0% |
| Cash at bank and in hand | 54/58 | €44,240 | €8,546 | -€35,694 | -80.7% |
| Total equity and liabilities | 10/49 | €7,539,743 | €8,999,339 | +€1.5m | +19.4% |
| Equity | 10/15 | €7,496,753 | €8,998,419 | +€1.5m | +20.0% |
| Contributions | 10/11 | €2,248,600 | €2,248,600 | = | 0.0% |
| Reserves | 13 | €5,248,153 | €6,749,819 | +€1.5m | +28.6% |
| Distributable reserves | 133 | €5,248,153 | €6,749,819 | +€1.5m | +28.6% |
| Amounts payable | 17/49 | €42,990 | €920 | -€42,070 | -97.9% |
| Amounts payable within one year | 42/48 | €42,990 | €920 | -€42,070 | -97.9% |
| Taxes, remuneration and social security | 45 | €42,070 | €0 | -€42,070 | -100.0% |
| Taxes | 450/3 | €42,070 | €0 | -€42,070 | -100.0% |
| Other amounts payable | 47/48 | €920 | €920 | = | 0.0% |
| Gross operating margin | 9900 | -€2,687 | -€3,877 | -€1,191 | -44.3% |
| Operating profit (loss) | 9901 | -€2,687 | -€3,877 | -€1,191 | -44.3% |
| Financial income | 75/76B | €1,433,906 | €1,531,347 | +€97,441 | +6.8% |
| Recurring financial income | 75 | €1,433,906 | €1,531,347 | +€97,441 | +6.8% |
| Financial charges | 65/66B | €80 | €12,102 | +€12,021 | +14957.6% |
| Recurring financial charges | 65 | €80 | €12,102 | +€12,021 | +14957.6% |
| Profit (loss) for the period before taxes | 9903 | €1,431,139 | €1,515,368 | +€84,229 | +5.9% |
| Income taxes | 67/77 | €42,070 | €13,701 | -€28,369 | -67.4% |
| Profit (loss) for the period | 9904 | €1,389,069 | €1,501,666 | +€112,598 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,389,069 | €1,501,666 | +€112,598 | +8.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.