SARESO: 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.
SARESO
Largest movements
- Receivables within one year -€43,596
down €43,596 (-54.8%), from €79,586 to €35,990
of which Trade receivables: -€22,925
- Cash -€25,371
down €25,371 (-98.8%), from €25,674 to €303
mainly Trade debts (-€33,146) and Debts after one year (-€17,395)
- Deferred charges and accrued income -€3,082
no longer reported in 2024 (was €3,082)
- Tangible fixed assets +€1,757
up €1,757 (+127%), from €1,381 to €3,138
of which Furniture and vehicles: +€2,351
- Intangible fixed assets -€1,500
down €1,500 (-22.2%), from €6,750 to €5,250
- Trade debts -€33,146
down €33,146 (-88.8%), from €37,334 to €4,188
- Debts after one year -€17,395
down €17,395 (-79.4%), from €21,905 to €4,510
- Profit (loss) carried forward -€14,522
down €14,522, from €12,875 to -€1,647
- Tax, wage and social debts -€7,718
down €7,718 (-82.5%), from €9,351 to €1,633
- Turnover -€48,941
no longer reported in 2024 (was €48,941)
- Other operating charges -€44,457
down €44,457 (-97.7%), from €45,504 to €1,047
- Purchases and services -€38,413
no longer reported in 2024 (was €38,413)
- Gross operating margin -€19,871
down €19,871, from €10,593 to -€9,278
- Financial charges -€923
down €923 (-31.2%), from €2,961 to €2,038
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,472 | €44,680 | -€71,791 | -61.6% |
| Fixed assets | 21/28 | €8,131 | €8,388 | +€257 | +3.2% |
| Intangible fixed assets | 21 | €6,750 | €5,250 | -€1,500 | -22.2% |
| Tangible fixed assets | 22/27 | €1,381 | €3,138 | +€1,757 | +127% |
| Plant, machinery and equipment | 23 | €1,381 | €787 | -€594 | -43.0% |
| Furniture and vehicles | 24 | - | €2,351 | +€2,351 | |
| Current assets | 29/58 | €108,341 | €36,292 | -€72,048 | -66.5% |
| Amounts receivable within one year | 40/41 | €79,586 | €35,990 | -€43,596 | -54.8% |
| Trade receivables | 40 | €52,157 | €29,232 | -€22,925 | -44.0% |
| Other amounts receivable | 41 | €27,429 | €6,758 | -€20,671 | -75.4% |
| Cash at bank and in hand | 54/58 | €25,674 | €303 | -€25,371 | -98.8% |
| Deferred charges and accrued income | 490/1 | €3,082 | - | -€3,082 | |
| Total equity and liabilities | 10/49 | €116,472 | €44,680 | -€71,791 | -61.6% |
| Equity | 10/15 | €31,475 | €16,953 | -€14,522 | -46.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,875 | -€1,647 | -€14,522 | |
| Amounts payable | 17/49 | €84,996 | €27,727 | -€57,270 | -67.4% |
| Amounts payable after more than one year | 17 | €21,905 | €4,510 | -€17,395 | -79.4% |
| Financial debts | 170/4 | €21,905 | €4,510 | -€17,395 | -79.4% |
| Amounts payable within one year | 42/48 | €63,091 | €23,216 | -€39,875 | -63.2% |
| Financial debts | 43 | €16,406 | €17,395 | +€989 | +6.0% |
| Credit institutions | 430/8 | €16,406 | €17,395 | +€989 | +6.0% |
| Trade debts | 44 | €37,334 | €4,188 | -€33,146 | -88.8% |
| Suppliers | 440/4 | €37,334 | €4,188 | -€33,146 | -88.8% |
| Taxes, remuneration and social security | 45 | €9,351 | €1,633 | -€7,718 | -82.5% |
| Taxes | 450/3 | €9,351 | €1,633 | -€7,718 | -82.5% |
| Turnover | 70 | €48,941 | - | -€48,941 | |
| Goods, raw materials, services and sundry goods | 60/61 | €38,413 | - | -€38,413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,645 | €2,477 | +€832 | +50.6% |
| Other operating charges | 640/8 | €45,504 | €1,047 | -€44,457 | -97.7% |
| Gross operating margin | 9900 | €10,593 | -€9,278 | -€19,871 | |
| Operating profit (loss) | 9901 | -€36,555 | -€12,801 | +€23,754 | +65.0% |
| Financial income | 75/76B | €567 | €318 | -€249 | -43.9% |
| Recurring financial income | 75 | €567 | €318 | -€249 | -43.9% |
| Financial charges | 65/66B | €2,961 | €2,038 | -€923 | -31.2% |
| Recurring financial charges | 65 | €2,961 | €2,038 | -€923 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | -€38,950 | -€14,522 | +€24,428 | +62.7% |
| Profit (loss) for the period | 9904 | -€38,950 | -€14,522 | +€24,428 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,950 | -€14,522 | +€24,428 | +62.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.