SARLY: 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.
SARLY
Largest movements
- Tangible fixed assets -€20,397
down €20,397 (-14.6%), from €139,858 to €119,462
of which Plant, machinery and equipment: -€13,336
- Cash -€1,767
down €1,767 (-15.4%), from €11,491 to €9,724
mainly Net result for the year (-€39,657) and Current portion of long-term debt (-€9,851)
- Profit (loss) carried forward -€39,657
down €39,657 (-8.8%), from -€451,701 to -€491,357
- Other debts +€25,590
up €25,590 (+4.5%), from €572,857 to €598,447
- Current portion of long-term debt -€9,851
down €9,851 (-100.0%), from €9,851 to €0
- Trade debts +€1,644
up €1,644 (+67.9%), from €2,423 to €4,067
- Gross operating margin +€11,441
up €11,441, from -€7,381 to €4,060
- Depreciation +€609
up €609 (+2.5%), from €24,023 to €24,632
- Financial charges +€348
up €348 (+2.0%), from €17,733 to €18,081
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 | €151,980 | €129,827 | -€22,153 | -14.6% |
| Fixed assets | 21/28 | €139,858 | €119,462 | -€20,397 | -14.6% |
| Tangible fixed assets | 22/27 | €139,858 | €119,462 | -€20,397 | -14.6% |
| Land and buildings | 22 | €57,994 | €50,933 | -€7,061 | -12.2% |
| Plant, machinery and equipment | 23 | €81,864 | €68,529 | -€13,336 | -16.3% |
| Current assets | 29/58 | €12,122 | €10,366 | -€1,756 | -14.5% |
| Cash at bank and in hand | 54/58 | €11,491 | €9,724 | -€1,767 | -15.4% |
| Deferred charges and accrued income | 490/1 | €631 | €641 | +€11 | +1.7% |
| Total equity and liabilities | 10/49 | €151,980 | €129,827 | -€22,153 | -14.6% |
| Equity | 10/15 | -€433,151 | -€472,807 | -€39,657 | -9.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€451,701 | -€491,357 | -€39,657 | -8.8% |
| Amounts payable | 17/49 | €585,131 | €602,635 | +€17,504 | +3.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €585,131 | €602,514 | +€17,383 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €9,851 | €0 | -€9,851 | -100.0% |
| Trade debts | 44 | €2,423 | €4,067 | +€1,644 | +67.9% |
| Suppliers | 440/4 | €2,423 | €4,067 | +€1,644 | +67.9% |
| Other amounts payable | 47/48 | €572,857 | €598,447 | +€25,590 | +4.5% |
| Accrued charges and deferred income | 492/3 | - | €120 | +€120 | |
| Non-recurring operating income | 76A | - | €13,563 | +€13,563 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,023 | €24,632 | +€609 | +2.5% |
| Other operating charges | 640/8 | €973 | €1,003 | +€30 | +3.1% |
| Gross operating margin | 9900 | -€7,381 | €4,060 | +€11,441 | |
| Operating profit (loss) | 9901 | -€32,377 | -€21,576 | +€10,801 | +33.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €17,733 | €18,081 | +€348 | +2.0% |
| Recurring financial charges | 65 | €17,733 | €18,081 | +€348 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€50,110 | -€39,657 | +€10,453 | +20.9% |
| Profit (loss) for the period | 9904 | -€50,110 | -€39,657 | +€10,453 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,110 | -€39,657 | +€10,453 | +20.9% |
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 4 October 2026 via checked.be.