SARI FINANCE: what changed
What changed
SARI FINANCE
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
filed annual accounts (NBB)
Net result for the year
€4.8m
2024 · €1.5m+€3.3m
Equity
€32.4m
2024 · €31.4m+€980,788
Cash
€3.2m
2024 · €2.7m+€511,781
Balance sheet total
€38.7m
2024 · €33.8m+€4.9m
Largest movements
Assets
- Receivables within one year +€7.1m
up €7.1m (+144%), from €4.9m to €12.1m
of which Other amounts receivable: +€7.1m
- Current investments -€2.3m
down €2.3m (-20.4%), from €11.3m to €9.0m
of which Other investments: -€2.3m
- Cash +€511,781
up €511,781 (+18.9%), from €2.7m to €3.2m
mainly Net result for the year (+€4.8m) and Other debts (+€4.0m)
Equity and liabilities
- Other debts +€4.0m
up €4.0m (+236%), from €1.7m to €5.7m
- Profit (loss) carried forward +€980,788
up €980,788 (+3.3%), from €29.5m to €30.5m
- Current portion of long-term debt -€569,833
down €569,833 (-100%), from €569,833 to €0
- Tax, wage and social debts +€511,356
up €511,356 (+2,338%), from €21,875 to €533,231
of which Taxes: +€510,470
Income statement
- Financial income +€4.2m
up €4.2m (+238%), from €1.8m to €6.0m
of which Financial income: +€4.2m
- Taxes +€549,278
up €549,278 (+1,274%), from €43,128 to €592,406
of which Taxes: +€549,278
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.5m
Staff costs
-€430
Other operating charges
-€15,141
Other operating items
+€15,956
Financial income
+€4.2m
Financial charges
-€377,461
Taxes
-€549,278
Result 2025
€4.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.4m
Investment
+€2.5m
Financing
-€4.4m
Cash 2024
€2.7m
From operations (derived)
+€2.4m
Net result for the year
+€4.8m
Depreciation
+€49,130
Receivables after one year
+€344,915
Receivables within one year
-€7.1m
Deferred charges and accrued income
-€150,136
Trade debts
-€50,518
Tax, wage and social debts
+€511,356
Other debts
+€4.0m
Accrued charges and deferred income
+€45,468
Investment (derived)
+€2.5m
Investment in fixed assets (net)
+€188,918
Current investments
+€2.3m
Financing
-€4.4m
Debts after one year
+€2,400
Current portion of long-term debt
-€569,833
Contributions, distributions and other
-€3.8m
Cash 2025
€3.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,793,957 | €38,688,235 | +€4.9m | +14.5% |
| Fixed assets | 21/28 | €11,019,903 | €10,781,855 | -€238,048 | -2.2% |
| Tangible fixed assets | 22/27 | €1,499,578 | €1,450,449 | -€49,130 | -3.3% |
| Land and buildings | 22 | €1,499,578 | €1,450,449 | -€49,130 | -3.3% |
| Financial fixed assets | 28 | €9,520,324 | €9,331,406 | -€188,918 | -2.0% |
| Affiliated companies | 280/1 | €6,414,246 | €6,200,825 | -€213,421 | -3.3% |
| Participating interests | 280 | €6,414,246 | €6,200,825 | -€213,421 | -3.3% |
| Amounts receivable | 281 | €0 | €0 | = | |
| Companies linked by participating interests | 282/3 | €2,895,166 | €2,895,166 | = | 0.0% |
| Participating interests | 282 | €2,895,166 | €2,895,166 | = | 0.0% |
| Other financial fixed assets | 284/8 | €210,912 | €235,415 | +€24,503 | +11.6% |
| Shares | 284 | €210,912 | €235,415 | +€24,503 | +11.6% |
| Amounts receivable and cash guarantees | 285/8 | €0 | €0 | = | |
| Current assets | 29/58 | €22,774,055 | €27,906,380 | +€5.1m | +22.5% |
| Amounts receivable after more than one year | 29 | €3,704,349 | €3,359,435 | -€344,915 | -9.3% |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €3,704,349 | €3,359,435 | -€344,915 | -9.3% |
| Amounts receivable within one year | 40/41 | €4,947,451 | €12,070,391 | +€7.1m | +144% |
| Trade receivables | 40 | €228 | €569 | +€341 | +150% |
| Other amounts receivable | 41 | €4,947,223 | €12,069,821 | +€7.1m | +144% |
| Current investments | 50/53 | €11,318,354 | €9,010,738 | -€2.3m | -20.4% |
| Own shares | 50 | €0 | €0 | = | |
| Other investments | 51/53 | €11,318,354 | €9,010,738 | -€2.3m | -20.4% |
| Cash at bank and in hand | 54/58 | €2,701,670 | €3,213,451 | +€511,781 | +18.9% |
| Deferred charges and accrued income | 490/1 | €102,231 | €252,367 | +€150,136 | +147% |
| Total equity and liabilities | 10/49 | €33,793,957 | €38,688,235 | +€4.9m | +14.5% |
| Equity | 10/15 | €31,376,263 | €32,357,051 | +€980,788 | +3.1% |
| Contributions | 10/11 | €1,469,068 | €1,469,068 | = | 0.0% |
| Capital | 10 | €1,469,068 | €1,469,068 | = | 0.0% |
| Issued capital | 100 | €1,469,068 | €1,469,068 | = | 0.0% |
| Contributions outside capital | 11 | €0 | €0 | = | |
| Share premium | 1100/10 | €0 | €0 | = | |
| Other | 1109/19 | €0 | €0 | = | |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €396,882 | €396,882 | = | 0.0% |
| Non-distributable reserves | 130/1 | €146,907 | €146,907 | = | 0.0% |
| Legal reserve | 130 | €146,907 | €146,907 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Financial assistance | 1313 | €0 | €0 | = | |
| Other | 1319 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €0 | €0 | = | |
| Distributable reserves | 133 | €249,975 | €249,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,510,313 | €30,491,102 | +€980,788 | +3.3% |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,417,695 | €6,331,184 | +€3.9m | +162% |
| Amounts payable after more than one year | 17 | €11,140 | €13,540 | +€2,400 | +21.5% |
| Other amounts payable | 178/9 | €11,140 | €13,540 | +€2,400 | +21.5% |
| Amounts payable within one year | 42/48 | €2,397,557 | €6,263,178 | +€3.9m | +161% |
| Current portion of amounts payable after more than one year | 42 | €569,833 | €0 | -€569,833 | -100% |
| Trade debts | 44 | €121,537 | €71,019 | -€50,518 | -41.6% |
| Suppliers | 440/4 | €121,537 | €71,019 | -€50,518 | -41.6% |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €21,875 | €533,231 | +€511,356 | +2,338% |
| Taxes | 450/3 | €4,127 | €514,597 | +€510,470 | +12,369% |
| Remuneration and social security | 454/9 | €17,748 | €18,634 | +€886 | +5.0% |
| Other amounts payable | 47/48 | €1,684,312 | €5,658,928 | +€4.0m | +236% |
| Accrued charges and deferred income | 492/3 | €8,998 | €54,466 | +€45,468 | +505% |
| Operating income | 70/76A | €94,811 | €98,865 | +€4,054 | +4.3% |
| Other operating income | 74 | €94,811 | €98,865 | +€4,054 | +4.3% |
| Operating charges | 60/66A | €269,512 | €273,181 | +€3,669 | +1.4% |
| Services and other goods | 61 | €146,129 | €134,447 | -€11,683 | -8.0% |
| Remuneration, social security and pensions | 62 | €61,579 | €62,009 | +€430 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,130 | €49,130 | = | 0.0% |
| Other operating charges | 640/8 | €12,455 | €27,596 | +€15,141 | +122% |
| Non-recurring operating charges | 66A | €219 | €0 | -€219 | -100% |
| Operating profit (loss) | 9901 | -€174,701 | -€174,315 | +€385 | +0.2% |
| Financial income | 75/76B | €1,773,240 | €5,994,603 | +€4.2m | +238% |
| Recurring financial income | 75 | €1,773,240 | €5,994,603 | +€4.2m | +238% |
| Income from financial fixed assets | 750 | €1,146,154 | €3,214,141 | +€2.1m | +180% |
| Income from current assets | 751 | €407,210 | €452,927 | +€45,717 | +11.2% |
| Other financial income | 752/9 | €219,875 | €2,327,534 | +€2.1m | +959% |
| Non-recurring financial income | 76B | €0 | €0 | = | |
| Financial charges | 65/66B | €69,632 | €447,093 | +€377,461 | +542% |
| Recurring financial charges | 65 | €69,632 | €233,644 | +€164,012 | +236% |
| Debt charges | 650 | €48 | €0 | -€48 | -100% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€419,769 | -€127,765 | +€292,004 | +69.6% |
| Other financial charges | 652/9 | €489,353 | €361,409 | -€127,944 | -26.1% |
| Non-recurring financial charges | 66B | €0 | €213,449 | +€213,449 | |
| Profit (loss) for the period before taxes | 9903 | €1,528,907 | €5,373,195 | +€3.8m | +251% |
| Income taxes | 67/77 | €43,128 | €592,406 | +€549,278 | +1,274% |
| Taxes | 670/3 | €43,128 | €592,406 | +€549,278 | +1,274% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,485,779 | €4,780,788 | +€3.3m | +222% |
| Profit (loss) for the period to be appropriated | 9905 | €1,485,779 | €4,780,788 | +€3.3m | +222% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.