Sarens: 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.
Sarens
Largest movements
- Tangible fixed assets -€21,380
down €21,380 (-10.2%), from €210,014 to €188,634
of which Land and buildings: -€20,917
- Receivables within one year +€5,000
up €5,000 (+7.5%), from €66,623 to €71,623
of which Trade receivables: +€13,077
- Debts after one year -€15,399
down €15,399 (-11.2%), from €137,545 to €122,146
- Reserves -€12,814
down €12,814 (-6.8%), from €187,618 to €174,804
- Trade debts +€8,029
up €8,029 (+77.5%), from €10,364 to €18,393
- Turnover +€30,451
up €30,451 (+19.5%), from €156,147 to €186,598
- Gross operating margin +€18,390
up €18,390 (+256%), from €7,192 to €25,582
- Purchases and services +€12,061
up €12,061 (+8.1%), from €148,955 to €161,016
- Depreciation +€6,138
up €6,138 (+30.8%), from €19,938 to €26,076
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 | €356,080 | €337,884 | -€18,196 | -5.1% |
| Fixed assets | 21/28 | €211,898 | €190,518 | -€21,380 | -10.1% |
| Tangible fixed assets | 22/27 | €210,014 | €188,634 | -€21,380 | -10.2% |
| Land and buildings | 22 | €205,515 | €184,598 | -€20,917 | -10.2% |
| Plant, machinery and equipment | 23 | €1,486 | €1,080 | -€406 | -27.3% |
| Furniture and vehicles | 24 | €113 | €56 | -€57 | -50.4% |
| Other tangible fixed assets | 26 | €2,900 | €2,900 | = | 0.0% |
| Financial fixed assets | 28 | €1,884 | €1,884 | = | 0.0% |
| Current assets | 29/58 | €144,182 | €147,366 | +€3,184 | +2.2% |
| Stocks and contracts in progress | 3 | €9,622 | €7,128 | -€2,494 | -25.9% |
| Stocks | 30/36 | €9,622 | €7,128 | -€2,494 | -25.9% |
| Amounts receivable within one year | 40/41 | €66,623 | €71,623 | +€5,000 | +7.5% |
| Trade receivables | 40 | €1,146 | €14,223 | +€13,077 | +1,141% |
| Other amounts receivable | 41 | €65,477 | €57,400 | -€8,077 | -12.3% |
| Cash at bank and in hand | 54/58 | €67,937 | €68,615 | +€678 | +1.0% |
| Total equity and liabilities | 10/49 | €356,080 | €337,884 | -€18,196 | -5.1% |
| Equity | 10/15 | €206,210 | €193,396 | -€12,814 | -6.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €187,618 | €174,804 | -€12,814 | -6.8% |
| Distributable reserves | 133 | €187,618 | €174,804 | -€12,814 | -6.8% |
| Amounts payable | 17/49 | €149,870 | €144,488 | -€5,382 | -3.6% |
| Amounts payable after more than one year | 17 | €137,545 | €122,146 | -€15,399 | -11.2% |
| Financial debts | 170/4 | €137,545 | €122,146 | -€15,399 | -11.2% |
| Amounts payable within one year | 42/48 | €12,325 | €22,342 | +€10,017 | +81.3% |
| Trade debts | 44 | €10,364 | €18,393 | +€8,029 | +77.5% |
| Suppliers | 440/4 | €10,364 | €18,393 | +€8,029 | +77.5% |
| Taxes, remuneration and social security | 45 | €1,961 | €3,949 | +€1,988 | +101% |
| Remuneration and social security | 454/9 | €1,961 | €3,949 | +€1,988 | +101% |
| Turnover | 70 | €156,147 | €186,598 | +€30,451 | +19.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €148,955 | €161,016 | +€12,061 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,938 | €26,076 | +€6,138 | +30.8% |
| Other operating charges | 640/8 | €4,607 | €4,751 | +€144 | +3.1% |
| Non-recurring operating charges | 66A | - | €647 | +€647 | |
| Gross operating margin | 9900 | €7,192 | €25,582 | +€18,390 | +256% |
| Operating profit (loss) | 9901 | -€17,353 | -€5,892 | +€11,461 | +66.0% |
| Financial income | 75/76B | €408 | €97 | -€311 | -76.2% |
| Recurring financial income | 75 | €408 | €97 | -€311 | -76.2% |
| Financial charges | 65/66B | €7,860 | €7,019 | -€841 | -10.7% |
| Recurring financial charges | 65 | €7,860 | €7,019 | -€841 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,805 | -€12,814 | +€11,991 | +48.3% |
| Profit (loss) for the period | 9904 | -€24,805 | -€12,814 | +€11,991 | +48.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,805 | -€12,814 | +€11,991 | +48.3% |
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 25 October 2026 via checked.be.