SARLI: what changed
Two fiscal 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.
SARLI
Largest movements
- Tangible fixed assets +€54,318
up €54,318 (+228.9%), from €23,727 to €78,045
of which Plant, machinery and equipment: +€43,363
- Receivables within one year -€7,122
down €7,122 (-53.7%), from €13,263 to €6,142
of which Trade receivables: -€5,381
- Cash -€5,184
down €5,184 (-27.3%), from €18,969 to €13,785
mainly Investment in fixed assets (net) (-€64,610) and Trade debts (-€19,479)
- Stocks and contracts +€3,264
up €3,264 (+39.3%), from €8,299 to €11,563
- Profit (loss) carried forward +€45,408
up €45,408 (+218.0%), from €20,830 to €66,238
- Trade debts -€19,479
down €19,479 (-64.9%), from €29,999 to €10,521
- Tax, wage and social debts +€18,479
up €18,479 (+156.1%), from €11,841 to €30,320
of which Taxes: +€11,081
- Gross operating margin +€105,429
up €105,429 (+90.2%), from €116,905 to €222,333
- Staff costs +€67,357
up €67,357 (+76.7%), from €87,873 to €155,230
- Depreciation +€8,585
up €8,585 (+339.4%), from €2,529 to €11,114
- Taxes +€4,773
up €4,773 (+96.2%), from €4,964 to €9,737
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.
Cash bridge derived
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 | €65,671 | €110,079 | +€44,408 | +67.6% |
| Formation expenses | 20 | €822 | - | -€822 | |
| Fixed assets | 21/28 | €23,727 | €78,045 | +€54,318 | +228.9% |
| Tangible fixed assets | 22/27 | €23,727 | €78,045 | +€54,318 | +228.9% |
| Plant, machinery and equipment | 23 | €10,525 | €53,889 | +€43,363 | +412.0% |
| Furniture and vehicles | 24 | €11,402 | €22,760 | +€11,358 | +99.6% |
| Other tangible fixed assets | 26 | €1,800 | €1,396 | -€404 | -22.4% |
| Current assets | 29/58 | €41,122 | €32,034 | -€9,088 | -22.1% |
| Stocks and contracts in progress | 3 | €8,299 | €11,563 | +€3,264 | +39.3% |
| Stocks | 30/36 | €8,299 | €11,563 | +€3,264 | +39.3% |
| Amounts receivable within one year | 40/41 | €13,263 | €6,142 | -€7,122 | -53.7% |
| Trade receivables | 40 | €7,876 | €2,495 | -€5,381 | -68.3% |
| Other amounts receivable | 41 | €5,388 | €3,647 | -€1,741 | -32.3% |
| Cash at bank and in hand | 54/58 | €18,969 | €13,785 | -€5,184 | -27.3% |
| Deferred charges and accrued income | 490/1 | €591 | €544 | -€47 | -8.0% |
| Total equity and liabilities | 10/49 | €65,671 | €110,079 | +€44,408 | +67.6% |
| Equity | 10/15 | €23,830 | €69,238 | +€45,408 | +190.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,830 | €66,238 | +€45,408 | +218.0% |
| Amounts payable | 17/49 | €41,841 | €40,840 | -€1,000 | -2.4% |
| Amounts payable within one year | 42/48 | €41,841 | €40,840 | -€1,000 | -2.4% |
| Trade debts | 44 | €29,999 | €10,521 | -€19,479 | -64.9% |
| Suppliers | 440/4 | €29,999 | €10,521 | -€19,479 | -64.9% |
| Taxes, remuneration and social security | 45 | €11,841 | €30,320 | +€18,479 | +156.1% |
| Taxes | 450/3 | €2,690 | €13,771 | +€11,081 | +411.8% |
| Remuneration and social security | 454/9 | €9,151 | €16,549 | +€7,398 | +80.8% |
| Remuneration, social security and pensions | 62 | €87,873 | €155,230 | +€67,357 | +76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,529 | €11,114 | +€8,585 | +339.4% |
| Other operating charges | 640/8 | €577 | €551 | -€26 | -4.6% |
| Non-recurring operating charges | 66A | - | €129 | +€129 | |
| Gross operating margin | 9900 | €116,905 | €222,333 | +€105,429 | +90.2% |
| Operating profit (loss) | 9901 | €25,925 | €55,309 | +€29,384 | +113.3% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €131 | €178 | +€47 | +35.7% |
| Recurring financial charges | 65 | €131 | €178 | +€47 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €25,794 | €55,144 | +€29,351 | +113.8% |
| Income taxes | 67/77 | €4,964 | €9,737 | +€4,773 | +96.2% |
| Profit (loss) for the period | 9904 | €20,830 | €45,408 | +€24,577 | +118.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,830 | €45,408 | +€24,577 | +118.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.