SAREL: 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.
SAREL
Largest movements
- Cash +€6,149
up €6,149 (+36.4%), from €16,875 to €23,024
mainly Net result for the year (+€9,660) and Trade debts (+€6,304)
- Profit (loss) carried forward -€10,340
down €10,340 (-14.6%), from €70,648 to €60,309
- Trade debts +€6,304
new in 2025: €6,304
- Tax, wage and social debts +€5,185
new in 2025: €5,185
- Other debts +€5,000
up €5,000 (+33.3%), from €15,000 to €20,000
- Taxes +€7,892
up €7,892 (+247.6%), from €3,188 to €11,080
- Other operating charges +€4,371
up €4,371 (+266.0%), from €1,643 to €6,014
- Gross operating margin +€306
up €306 (+1.1%), from €26,818 to €27,125
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 | €168,148 | €174,297 | +€6,149 | +3.7% |
| Fixed assets | 21/28 | €151,273 | €151,273 | = | 0.0% |
| Tangible fixed assets | 22/27 | €151,273 | €151,273 | = | 0.0% |
| Land and buildings | 22 | €151,273 | €151,273 | = | 0.0% |
| Current assets | 29/58 | €16,875 | €23,024 | +€6,149 | +36.4% |
| Cash at bank and in hand | 54/58 | €16,875 | €23,024 | +€6,149 | +36.4% |
| Total equity and liabilities | 10/49 | €168,148 | €174,297 | +€6,149 | +3.7% |
| Equity | 10/15 | €153,148 | €142,809 | -€10,340 | -6.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,648 | €60,309 | -€10,340 | -14.6% |
| Amounts payable | 17/49 | €15,000 | €31,489 | +€16,489 | +109.9% |
| Amounts payable within one year | 42/48 | €15,000 | €31,489 | +€16,489 | +109.9% |
| Trade debts | 44 | - | €6,304 | +€6,304 | |
| Suppliers | 440/4 | - | €6,304 | +€6,304 | |
| Taxes, remuneration and social security | 45 | - | €5,185 | +€5,185 | |
| Taxes | 450/3 | - | €5,185 | +€5,185 | |
| Other amounts payable | 47/48 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Other operating charges | 640/8 | €1,643 | €6,014 | +€4,371 | +266.0% |
| Gross operating margin | 9900 | €26,818 | €27,125 | +€306 | +1.1% |
| Operating profit (loss) | 9901 | €25,175 | €21,111 | -€4,064 | -16.1% |
| Financial charges | 65/66B | €355 | €370 | +€16 | +4.4% |
| Recurring financial charges | 65 | €355 | €370 | +€16 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €24,820 | €20,740 | -€4,080 | -16.4% |
| Income taxes | 67/77 | €3,188 | €11,080 | +€7,892 | +247.6% |
| Profit (loss) for the period | 9904 | €21,633 | €9,660 | -€11,972 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,633 | €9,660 | -€11,972 | -55.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.