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
- Receivables within one year -€76,099
down €76,099 (-78.3%), from €97,222 to €21,123
of which Trade receivables: -€80,787
- Other debts -€33,835
down €33,835 (-72.2%), from €46,857 to €13,023
- Tax, wage and social debts -€23,999
down €23,999 (-88.7%), from €27,060 to €3,061
of which Taxes: -€24,613
- Trade debts -€16,215
down €16,215 (-40.2%), from €40,357 to €24,142
- Debts after one year -€10,790
down €10,790 (-5.9%), from €182,474 to €171,683
- Gross operating margin -€20,421
down €20,421 (-33.0%), from €61,877 to €41,456
- Taxes -€4,644
down €4,644 (-71.3%), from €6,509 to €1,865
- Depreciation -€4,316
down €4,316 (-68.4%), from €6,312 to €1,996
- Other operating charges +€3,556
up €3,556 (+160%), from €2,228 to €5,785
- Financial charges -€1,551
down €1,551 (-7.5%), from €20,726 to €19,175
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 | €633,700 | €549,550 | -€84,150 | -13.3% |
| Fixed assets | 21/28 | €411,304 | €409,308 | -€1,996 | -0.5% |
| Tangible fixed assets | 22/27 | €411,304 | €409,308 | -€1,996 | -0.5% |
| Plant, machinery and equipment | 23 | €1,849 | €1,279 | -€571 | -30.9% |
| Furniture and vehicles | 24 | €2,052 | €1,017 | -€1,034 | -50.4% |
| Other tangible fixed assets | 26 | €407,403 | €407,012 | -€391 | -0.1% |
| Current assets | 29/58 | €222,395 | €140,241 | -€82,154 | -36.9% |
| Amounts receivable after more than one year | 29 | €120,450 | €115,233 | -€5,217 | -4.3% |
| Other amounts receivable | 291 | €120,450 | €115,233 | -€5,217 | -4.3% |
| Amounts receivable within one year | 40/41 | €97,222 | €21,123 | -€76,099 | -78.3% |
| Trade receivables | 40 | €88,515 | €7,728 | -€80,787 | -91.3% |
| Other amounts receivable | 41 | €8,707 | €13,395 | +€4,688 | +53.8% |
| Cash at bank and in hand | 54/58 | - | €50 | +€50 | |
| Deferred charges and accrued income | 490/1 | €4,723 | €3,835 | -€888 | -18.8% |
| Total equity and liabilities | 10/49 | €633,700 | €549,550 | -€84,150 | -13.3% |
| Equity | 10/15 | €297,605 | €299,423 | +€1,819 | +0.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €285,005 | €286,805 | +€1,800 | +0.6% |
| Distributable reserves | 133 | €285,005 | €286,805 | +€1,800 | +0.6% |
| Profit (loss) carried forward | 14 | €200 | €218 | +€19 | +9.4% |
| Amounts payable | 17/49 | €336,095 | €250,126 | -€85,969 | -25.6% |
| Amounts payable after more than one year | 17 | €182,474 | €171,683 | -€10,790 | -5.9% |
| Financial debts | 170/4 | €182,474 | €171,683 | -€10,790 | -5.9% |
| Amounts payable within one year | 42/48 | €150,348 | €76,997 | -€73,351 | -48.8% |
| Current portion of amounts payable after more than one year | 42 | €10,364 | €10,790 | +€426 | +4.1% |
| Financial debts | 43 | €25,710 | €25,981 | +€271 | +1.1% |
| Credit institutions | 430/8 | €25,710 | €25,981 | +€271 | +1.1% |
| Trade debts | 44 | €40,357 | €24,142 | -€16,215 | -40.2% |
| Suppliers | 440/4 | €40,357 | €24,142 | -€16,215 | -40.2% |
| Taxes, remuneration and social security | 45 | €27,060 | €3,061 | -€23,999 | -88.7% |
| Taxes | 450/3 | €24,793 | €180 | -€24,613 | -99.3% |
| Remuneration and social security | 454/9 | €2,267 | €2,881 | +€614 | +27.1% |
| Other amounts payable | 47/48 | €46,857 | €13,023 | -€33,835 | -72.2% |
| Accrued charges and deferred income | 492/3 | €3,273 | €1,446 | -€1,827 | -55.8% |
| Remuneration, social security and pensions | 62 | €17,690 | €16,891 | -€798 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,312 | €1,996 | -€4,316 | -68.4% |
| Other operating charges | 640/8 | €2,228 | €5,785 | +€3,556 | +160% |
| Gross operating margin | 9900 | €61,877 | €41,456 | -€20,421 | -33.0% |
| Operating profit (loss) | 9901 | €35,647 | €16,784 | -€18,864 | -52.9% |
| Financial income | 75/76B | €6,289 | €6,075 | -€214 | -3.4% |
| Recurring financial income | 75 | €6,289 | €6,075 | -€214 | -3.4% |
| Financial charges | 65/66B | €20,726 | €19,175 | -€1,551 | -7.5% |
| Recurring financial charges | 65 | €20,726 | €19,175 | -€1,551 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €21,210 | €3,684 | -€17,526 | -82.6% |
| Income taxes | 67/77 | €6,509 | €1,865 | -€4,644 | -71.3% |
| Profit (loss) for the period | 9904 | €14,701 | €1,819 | -€12,882 | -87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,701 | €1,819 | -€12,882 | -87.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.