SARI MB: 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.
SARI MB
Largest movements
- Receivables within one year +€136,404
up €136,404 (+907%), from €15,037 to €151,441
of which Trade receivables: +€134,942
- Cash -€45,946
down €45,946 (-28.6%), from €160,918 to €114,972
mainly Receivables within one year (-€136,404) and Investment in fixed assets (net) (-€10,902)
- Tangible fixed assets -€5,679
down €5,679 (-17.0%), from €33,380 to €27,701
of which Furniture and vehicles: -€10,822
- Profit (loss) carried forward +€27,812
up €27,812 (+115%), from €24,224 to €52,036
- Tax, wage and social debts +€26,448
up €26,448 (+56.1%), from €47,110 to €73,558
of which Taxes: +€17,770
- Trade debts +€24,219
up €24,219 (+770%), from €3,144 to €27,363
- Accrued charges and deferred income +€11,920
new in 2025: €11,920
- Current portion of long-term debt -€4,952
down €4,952 (-31.0%), from €15,952 to €11,000
- Gross operating margin +€86,079
up €86,079 (+93.6%), from €91,923 to €178,002
- Staff costs +€67,936
up €67,936 (+137%), from €49,670 to €117,606
- Depreciation +€5,201
up €5,201 (+45.7%), from €11,380 to €16,581
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 | €279,903 | €364,680 | +€84,777 | +30.3% |
| Fixed assets | 21/28 | €41,180 | €35,501 | -€5,679 | -13.8% |
| Tangible fixed assets | 22/27 | €33,380 | €27,701 | -€5,679 | -17.0% |
| Plant, machinery and equipment | 23 | €1,716 | €203 | -€1,513 | -88.2% |
| Furniture and vehicles | 24 | €30,812 | €19,990 | -€10,822 | -35.1% |
| Leasing and similar rights | 25 | - | €7,268 | +€7,268 | |
| Other tangible fixed assets | 26 | €852 | €241 | -€611 | -71.7% |
| Financial fixed assets | 28 | €7,800 | €7,800 | = | 0.0% |
| Current assets | 29/58 | €238,723 | €329,179 | +€90,456 | +37.9% |
| Stocks and contracts in progress | 3 | €59,489 | €59,489 | +€0 | 0.0% |
| Stocks | 30/36 | €59,489 | €59,489 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €15,037 | €151,441 | +€136,404 | +907% |
| Trade receivables | 40 | €15,037 | €149,979 | +€134,942 | +897% |
| Other amounts receivable | 41 | - | €1,462 | +€1,462 | |
| Cash at bank and in hand | 54/58 | €160,918 | €114,972 | -€45,946 | -28.6% |
| Deferred charges and accrued income | 490/1 | €3,279 | €3,277 | -€2 | -0.1% |
| Total equity and liabilities | 10/49 | €279,903 | €364,680 | +€84,777 | +30.3% |
| Equity | 10/15 | €43,294 | €71,106 | +€27,812 | +64.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €470 | €470 | = | 0.0% |
| Distributable reserves | 133 | €470 | €470 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,224 | €52,036 | +€27,812 | +115% |
| Amounts payable | 17/49 | €236,609 | €293,574 | +€56,965 | +24.1% |
| Amounts payable after more than one year | 17 | €24,000 | €24,000 | = | 0.0% |
| Financial debts | 170/4 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €212,609 | €257,654 | +€45,045 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €15,952 | €11,000 | -€4,952 | -31.0% |
| Trade debts | 44 | €3,144 | €27,363 | +€24,219 | +770% |
| Suppliers | 440/4 | €3,144 | €27,363 | +€24,219 | +770% |
| Taxes, remuneration and social security | 45 | €47,110 | €73,558 | +€26,448 | +56.1% |
| Taxes | 450/3 | €36,896 | €54,666 | +€17,770 | +48.2% |
| Remuneration and social security | 454/9 | €10,214 | €18,892 | +€8,678 | +85.0% |
| Other amounts payable | 47/48 | €146,403 | €145,733 | -€670 | -0.5% |
| Accrued charges and deferred income | 492/3 | - | €11,920 | +€11,920 | |
| Remuneration, social security and pensions | 62 | €49,670 | €117,606 | +€67,936 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,380 | €16,581 | +€5,201 | +45.7% |
| Other operating charges | 640/8 | €309 | €1,456 | +€1,147 | +371% |
| Gross operating margin | 9900 | €91,923 | €178,002 | +€86,079 | +93.6% |
| Operating profit (loss) | 9901 | €30,564 | €42,359 | +€11,795 | +38.6% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €1,889 | €1,404 | -€485 | -25.6% |
| Recurring financial charges | 65 | €1,889 | €1,404 | -€485 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €28,682 | €40,954 | +€12,272 | +42.8% |
| Income taxes | 67/77 | €11,375 | €13,142 | +€1,767 | +15.5% |
| Profit (loss) for the period | 9904 | €17,307 | €27,812 | +€10,505 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,307 | €27,812 | +€10,505 | +60.7% |
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 20 October 2026 via checked.be.