SARKO RENO: 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.
SARKO RENO
Largest movements
- Tangible fixed assets +€565,910
up €565,910 (+2,262%), from €25,021 to €590,931
of which Land and buildings: +€547,008
- Cash -€86,918
down €86,918 (-62.5%), from €139,086 to €52,169
mainly Investment in fixed assets (net) (-€584,400) and Receivables within one year (-€71,682)
- Receivables within one year +€71,682
up €71,682 (+125%), from €57,343 to €129,025
of which Trade receivables: +€67,351
- Debts after one year +€412,448
up €412,448 (+2,959%), from €13,939 to €426,387
- Profit (loss) carried forward +€97,374
up €97,374 (+87.4%), from €111,467 to €208,841
- Trade debts +€29,665
up €29,665 (+160%), from €18,575 to €48,240
- Current portion of long-term debt +€22,691
up €22,691 (+396%), from €5,735 to €28,426
- Tax, wage and social debts -€13,548
down €13,548 (-22.7%), from €59,779 to €46,231
of which Taxes: -€24,101
- Gross operating margin +€116,212
up €116,212 (+68.4%), from €169,783 to €285,994
- Staff costs +€38,723
up €38,723 (+44.1%), from €87,881 to €126,605
- Taxes -€24,100
down €24,100 (-61.1%), from €39,459 to €15,358
- Financial charges +€14,084
up €14,084 (+1,172%), from €1,202 to €15,286
- Other operating charges +€12,279
up €12,279 (+2,036%), from €603 to €12,882
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 | €223,495 | €772,125 | +€548,630 | +245% |
| Fixed assets | 21/28 | €25,021 | €590,931 | +€565,910 | +2,262% |
| Tangible fixed assets | 22/27 | €25,021 | €590,931 | +€565,910 | +2,262% |
| Land and buildings | 22 | - | €547,008 | +€547,008 | |
| Plant, machinery and equipment | 23 | €5,080 | €2,540 | -€2,540 | -50.0% |
| Furniture and vehicles | 24 | €14,681 | €7,230 | -€7,450 | -50.7% |
| Other tangible fixed assets | 26 | €5,260 | €34,153 | +€28,893 | +549% |
| Current assets | 29/58 | €198,474 | €181,193 | -€17,281 | -8.7% |
| Stocks and contracts in progress | 3 | €2,045 | - | -€2,045 | |
| Stocks | 30/36 | €2,045 | - | -€2,045 | |
| Amounts receivable within one year | 40/41 | €57,343 | €129,025 | +€71,682 | +125% |
| Trade receivables | 40 | €51,626 | €118,976 | +€67,351 | +130% |
| Other amounts receivable | 41 | €5,717 | €10,048 | +€4,331 | +75.8% |
| Cash at bank and in hand | 54/58 | €139,086 | €52,169 | -€86,918 | -62.5% |
| Total equity and liabilities | 10/49 | €223,495 | €772,125 | +€548,630 | +245% |
| Equity | 10/15 | €125,467 | €222,841 | +€97,374 | +77.6% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Capital | 10 | €12,000 | €12,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Uncalled capital | 101 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,467 | €208,841 | +€97,374 | +87.4% |
| Amounts payable | 17/49 | €98,028 | €549,284 | +€451,256 | +460% |
| Amounts payable after more than one year | 17 | €13,939 | €426,387 | +€412,448 | +2,959% |
| Financial debts | 170/4 | €13,939 | €426,387 | +€412,448 | +2,959% |
| Amounts payable within one year | 42/48 | €84,089 | €122,897 | +€38,808 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | €5,735 | €28,426 | +€22,691 | +396% |
| Trade debts | 44 | €18,575 | €48,240 | +€29,665 | +160% |
| Suppliers | 440/4 | €18,575 | €48,240 | +€29,665 | +160% |
| Taxes, remuneration and social security | 45 | €59,779 | €46,231 | -€13,548 | -22.7% |
| Taxes | 450/3 | €51,456 | €27,355 | -€24,101 | -46.8% |
| Remuneration and social security | 454/9 | €8,323 | €18,876 | +€10,552 | +127% |
| Remuneration, social security and pensions | 62 | €87,881 | €126,605 | +€38,723 | +44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,103 | €18,490 | +€8,387 | +83.0% |
| Other operating charges | 640/8 | €603 | €12,882 | +€12,279 | +2,036% |
| Gross operating margin | 9900 | €169,783 | €285,994 | +€116,212 | +68.4% |
| Operating profit (loss) | 9901 | €71,195 | €128,018 | +€56,823 | +79.8% |
| Financial charges | 65/66B | €1,202 | €15,286 | +€14,084 | +1,172% |
| Recurring financial charges | 65 | €1,202 | €15,286 | +€14,084 | +1,172% |
| Profit (loss) for the period before taxes | 9903 | €69,993 | €112,732 | +€42,739 | +61.1% |
| Income taxes | 67/77 | €39,459 | €15,358 | -€24,100 | -61.1% |
| Profit (loss) for the period | 9904 | €30,534 | €97,374 | +€66,839 | +219% |
| Profit (loss) for the period to be appropriated | 9905 | €30,534 | €97,374 | +€66,839 | +219% |
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 29 October 2026 via checked.be.