Sareno: 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.
Sareno
Largest movements
- Tangible fixed assets -€30,624
down €30,624 (-6.5%), from €469,485 to €438,861
of which Land and buildings: -€22,346
- Cash +€10,529
up €10,529 (+38.7%), from €27,185 to €37,714
mainly Depreciation (+€30,624) and Net result for the year (+€28,419)
- Profit (loss) carried forward +€28,419
up €28,419 (+21.0%), from -€135,061 to -€106,642
- Debts after one year -€27,963
down €27,963 (-6.2%), from €454,356 to €426,393
- Other debts -€23,455
down €23,455 (-17.7%), from €132,798 to €109,343
- Accrued charges and deferred income -€9,651
down €9,651 (-93.0%), from €10,377 to €727
- Tax, wage and social debts +€7,132
up €7,132 (+130%), from €5,492 to €12,623
of which Taxes: +€7,132
- Gross operating margin +€33,984
up €33,984 (+68.2%), from €49,805 to €83,789
- Financial charges -€1,308
down €1,308 (-5.7%), from €22,837 to €21,529
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 | €514,753 | €492,156 | -€22,597 | -4.4% |
| Fixed assets | 21/28 | €469,485 | €438,861 | -€30,624 | -6.5% |
| Tangible fixed assets | 22/27 | €469,485 | €438,861 | -€30,624 | -6.5% |
| Land and buildings | 22 | €441,699 | €419,353 | -€22,346 | -5.1% |
| Plant, machinery and equipment | 23 | €27,786 | €19,507 | -€8,279 | -29.8% |
| Current assets | 29/58 | €45,268 | €53,295 | +€8,028 | +17.7% |
| Amounts receivable within one year | 40/41 | €16,030 | €13,915 | -€2,115 | -13.2% |
| Trade receivables | 40 | €15,424 | €13,915 | -€1,509 | -9.8% |
| Other amounts receivable | 41 | €606 | €0 | -€606 | -100% |
| Cash at bank and in hand | 54/58 | €27,185 | €37,714 | +€10,529 | +38.7% |
| Deferred charges and accrued income | 490/1 | €2,053 | €1,666 | -€386 | -18.8% |
| Total equity and liabilities | 10/49 | €514,753 | €492,156 | -€22,597 | -4.4% |
| Equity | 10/15 | -€115,061 | -€86,642 | +€28,419 | +24.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,061 | -€106,642 | +€28,419 | +21.0% |
| Amounts payable | 17/49 | €629,814 | €578,798 | -€51,016 | -8.1% |
| Amounts payable after more than one year | 17 | €454,356 | €426,393 | -€27,963 | -6.2% |
| Financial debts | 170/4 | €454,356 | €426,393 | -€27,963 | -6.2% |
| Amounts payable within one year | 42/48 | €165,081 | €151,678 | -€13,402 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €26,751 | €27,963 | +€1,212 | +4.5% |
| Trade debts | 44 | €40 | €1,750 | +€1,710 | +4,279% |
| Suppliers | 440/4 | €40 | €1,750 | +€1,710 | +4,279% |
| Taxes, remuneration and social security | 45 | €5,492 | €12,623 | +€7,132 | +130% |
| Taxes | 450/3 | €5,492 | €12,623 | +€7,132 | +130% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €132,798 | €109,343 | -€23,455 | -17.7% |
| Accrued charges and deferred income | 492/3 | €10,377 | €727 | -€9,651 | -93.0% |
| Non-recurring operating income | 76A | - | €14,073 | +€14,073 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,624 | €30,624 | = | 0.0% |
| Other operating charges | 640/8 | €2,919 | €3,216 | +€298 | +10.2% |
| Gross operating margin | 9900 | €49,805 | €83,789 | +€33,984 | +68.2% |
| Operating profit (loss) | 9901 | €16,262 | €49,948 | +€33,686 | +207% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €22,837 | €21,529 | -€1,308 | -5.7% |
| Recurring financial charges | 65 | €22,837 | €21,529 | -€1,308 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,576 | €28,419 | +€34,995 | |
| Profit (loss) for the period | 9904 | -€6,576 | €28,419 | +€34,995 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,576 | €28,419 | +€34,995 |
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 17 October 2026 via checked.be.