SAREEN: 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.
SAREEN
Largest movements
- Cash -€8,431
down €8,431 (-89.4%), from €9,432 to €1,001
mainly Net result for the year (-€10,426) and Stocks and contracts (-€3,777)
- Stocks and contracts +€3,777
up €3,777 (+22.8%), from €16,546 to €20,323
- Receivables within one year -€1,819
down €1,819 (-14.5%), from €12,564 to €10,745
of which Other amounts receivable: -€2,964
- Profit (loss) carried forward -€10,426
down €10,426 (-54.5%), from €19,147 to €8,721
- Tax, wage and social debts +€3,640
up €3,640 (+66.4%), from €5,486 to €9,126
- Purchases and services +€167,119
up €167,119 (+64.7%), from €258,216 to €425,335
- Turnover +€127,162
up €127,162 (+44.3%), from €287,044 to €414,206
- Gross operating margin -€36,757
down €36,757, from €29,228 to -€7,529
- Taxes -€6,007
down €6,007, from €5,486 to -€521
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 | €38,542 | €32,068 | -€6,473 | -16.8% |
| Current assets | 29/58 | €38,542 | €32,068 | -€6,473 | -16.8% |
| Stocks and contracts in progress | 3 | €16,546 | €20,323 | +€3,777 | +22.8% |
| Stocks | 30/36 | €16,546 | €20,323 | +€3,777 | +22.8% |
| Amounts receivable within one year | 40/41 | €12,564 | €10,745 | -€1,819 | -14.5% |
| Trade receivables | 40 | - | €1,145 | +€1,145 | |
| Other amounts receivable | 41 | €12,564 | €9,600 | -€2,964 | -23.6% |
| Cash at bank and in hand | 54/58 | €9,432 | €1,001 | -€8,431 | -89.4% |
| Total equity and liabilities | 10/49 | €38,542 | €32,068 | -€6,473 | -16.8% |
| Equity | 10/15 | €21,647 | €11,221 | -€10,426 | -48.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,147 | €8,721 | -€10,426 | -54.5% |
| Amounts payable | 17/49 | €16,895 | €20,847 | +€3,952 | +23.4% |
| Amounts payable within one year | 42/48 | €16,895 | €20,847 | +€3,952 | +23.4% |
| Trade debts | 44 | €8,712 | €8,721 | +€9 | +0.1% |
| Suppliers | 440/4 | €8,712 | €8,721 | +€9 | +0.1% |
| Taxes, remuneration and social security | 45 | €5,486 | €9,126 | +€3,640 | +66.4% |
| Taxes | 450/3 | €5,486 | €9,126 | +€3,640 | +66.4% |
| Other amounts payable | 47/48 | €2,697 | €3,000 | +€303 | +11.2% |
| Turnover | 70 | €287,044 | €414,206 | +€127,162 | +44.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €258,216 | €425,335 | +€167,119 | +64.7% |
| Remuneration, social security and pensions | 62 | €400 | - | -€400 | |
| Other operating charges | 640/8 | €4,108 | €1,929 | -€2,179 | -53.0% |
| Gross operating margin | 9900 | €29,228 | -€7,529 | -€36,757 | |
| Operating profit (loss) | 9901 | €24,720 | -€9,458 | -€34,178 | |
| Financial charges | 65/66B | €87 | €1,489 | +€1,401 | +1,603% |
| Recurring financial charges | 65 | €87 | €1,489 | +€1,401 | +1,603% |
| Profit (loss) for the period before taxes | 9903 | €24,633 | -€10,947 | -€35,579 | |
| Income taxes | 67/77 | €5,486 | -€521 | -€6,007 | |
| Profit (loss) for the period | 9904 | €19,147 | -€10,426 | -€29,572 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,147 | -€10,426 | -€29,572 |
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 14 October 2026 via checked.be.