SARI-X: 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-X
Largest movements
- Receivables within one year +€18,164
up €18,164 (+1,489%), from €1,220 to €19,384
of which Trade receivables: +€18,140
- Financial fixed assets -€15,000
no longer reported in 2025 (was €15,000)
- Tangible fixed assets -€8,967
no longer reported in 2025 (was €8,967)
- Trade debts -€8,009
down €8,009 (-98.6%), from €8,125 to €116
- Profit (loss) carried forward +€4,784
up €4,784 (+23.4%), from -€20,455 to -€15,671
- Other debts -€3,896
down €3,896 (-28.4%), from €13,714 to €9,819
- Tax, wage and social debts +€1,317
up €1,317 (+77.5%), from €1,699 to €3,015
- Depreciation -€6,098
no longer reported in 2025 (was €6,098)
- Gross operating margin -€5,259
down €5,259 (-46.5%), from €11,321 to €6,061
- Other operating charges +€309
up €309 (+58.8%), from €526 to €836
- Financial charges -€303
down €303 (-48.1%), from €631 to €328
- Write-downs +€114
new in 2025: €114
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 | €25,200 | €19,396 | -€5,804 | -23.0% |
| Fixed assets | 21/28 | €23,967 | - | -€23,967 | |
| Tangible fixed assets | 22/27 | €8,967 | - | -€8,967 | |
| Plant, machinery and equipment | 23 | €8,967 | - | -€8,967 | |
| Financial fixed assets | 28 | €15,000 | - | -€15,000 | |
| Current assets | 29/58 | €1,233 | €19,396 | +€18,163 | +1,473% |
| Amounts receivable within one year | 40/41 | €1,220 | €19,384 | +€18,164 | +1,489% |
| Trade receivables | 40 | €1,220 | €19,360 | +€18,140 | +1,487% |
| Other amounts receivable | 41 | - | €24 | +€24 | |
| Cash at bank and in hand | 54/58 | €13 | €13 | -€0 | -1.8% |
| Total equity and liabilities | 10/49 | €25,200 | €19,396 | -€5,804 | -23.0% |
| Equity | 10/15 | €1,663 | €6,447 | +€4,784 | +288% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,718 | €9,718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,858 | €7,858 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,455 | -€15,671 | +€4,784 | +23.4% |
| Amounts payable | 17/49 | €23,538 | €12,950 | -€10,588 | -45.0% |
| Amounts payable within one year | 42/48 | €23,538 | €12,950 | -€10,588 | -45.0% |
| Trade debts | 44 | €8,125 | €116 | -€8,009 | -98.6% |
| Suppliers | 440/4 | €8,125 | €116 | -€8,009 | -98.6% |
| Taxes, remuneration and social security | 45 | €1,699 | €3,015 | +€1,317 | +77.5% |
| Taxes | 450/3 | €1,699 | €3,015 | +€1,317 | +77.5% |
| Other amounts payable | 47/48 | €13,714 | €9,819 | -€3,896 | -28.4% |
| Non-recurring operating income | 76A | - | €7,146 | +€7,146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,098 | - | -€6,098 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €114 | +€114 | |
| Other operating charges | 640/8 | €526 | €836 | +€309 | +58.8% |
| Gross operating margin | 9900 | €11,321 | €6,061 | -€5,259 | -46.5% |
| Operating profit (loss) | 9901 | €4,697 | €5,112 | +€415 | +8.8% |
| Financial charges | 65/66B | €631 | €328 | -€303 | -48.1% |
| Recurring financial charges | 65 | €631 | €328 | -€303 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €4,065 | €4,784 | +€719 | +17.7% |
| Income taxes | 67/77 | €59 | - | -€59 | |
| Profit (loss) for the period | 9904 | €4,006 | €4,784 | +€778 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,006 | €4,784 | +€778 | +19.4% |
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 19 October 2026 via checked.be.