SARO: 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.
SARO
Largest movements
- Cash -€21,966
down €21,966 (-11.9%), from €185,085 to €163,119
mainly Contributions, distributions and other (-€23,000) and Other debts (-€9,424)
- Receivables after one year -€10,000
no longer reported in 2025 (was €10,000)
- Other debts -€9,424
down €9,424 (-28.7%), from €32,845 to €23,421
- Reserves -€9,000
down €9,000 (-5.5%), from €164,500 to €155,500
- Tax, wage and social debts -€7,884
down €7,884 (-40.1%), from €19,641 to €11,757
of which Taxes: -€8,096
- Accrued charges and deferred income -€7,154
down €7,154 (-28.1%), from €25,491 to €18,337
- Gross operating margin -€10,225
down €10,225 (-19.9%), from €51,375 to €41,150
- Financial income -€3,578
down €3,578 (-97.1%), from €3,685 to €107
of which Non-recurring financial income: -€2,650
- Taxes -€3,397
down €3,397 (-36.1%), from €9,405 to €6,008
- Staff costs -€3,084
down €3,084 (-28.9%), from €10,655 to €7,571
- Other operating charges +€1,918
up €1,918 (+42.0%), from €4,570 to €6,488
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 | €271,924 | €238,834 | -€33,089 | -12.2% |
| Fixed assets | 21/28 | €33,393 | €32,785 | -€608 | -1.8% |
| Tangible fixed assets | 22/27 | €33,393 | €32,785 | -€608 | -1.8% |
| Plant, machinery and equipment | 23 | €1,019 | €5,790 | +€4,770 | +467.9% |
| Furniture and vehicles | 24 | €4,065 | €2,940 | -€1,126 | -27.7% |
| Other tangible fixed assets | 26 | €28,308 | €24,056 | -€4,253 | -15.0% |
| Current assets | 29/58 | €238,530 | €206,049 | -€32,481 | -13.6% |
| Amounts receivable after more than one year | 29 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 291 | €10,000 | - | -€10,000 | |
| Stocks and contracts in progress | 3 | €3,025 | €4,330 | +€1,305 | +43.1% |
| Stocks | 30/36 | €3,025 | €4,330 | +€1,305 | +43.1% |
| Amounts receivable within one year | 40/41 | €5,321 | €5,652 | +€331 | +6.2% |
| Trade receivables | 40 | €3,214 | €2,279 | -€935 | -29.1% |
| Other amounts receivable | 41 | €2,107 | €3,373 | +€1,266 | +60.1% |
| Current investments | 50/53 | €31,243 | €31,413 | +€171 | +0.5% |
| Cash at bank and in hand | 54/58 | €185,085 | €163,119 | -€21,966 | -11.9% |
| Deferred charges and accrued income | 490/1 | €3,857 | €1,535 | -€2,323 | -60.2% |
| Total equity and liabilities | 10/49 | €271,924 | €238,834 | -€33,089 | -12.2% |
| Equity | 10/15 | €186,105 | €177,600 | -€8,505 | -4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €164,500 | €155,500 | -€9,000 | -5.5% |
| Distributable reserves | 133 | €164,500 | €155,500 | -€9,000 | -5.5% |
| Profit (loss) carried forward | 14 | €3,013 | €3,508 | +€495 | +16.4% |
| Amounts payable | 17/49 | €85,819 | €61,234 | -€24,584 | -28.6% |
| Amounts payable within one year | 42/48 | €60,327 | €42,897 | -€17,431 | -28.9% |
| Financial debts | 43 | €6,683 | €4,696 | -€1,988 | -29.7% |
| Credit institutions | 430/8 | €6,683 | €4,696 | -€1,988 | -29.7% |
| Trade debts | 44 | €1,157 | €3,023 | +€1,865 | +161.2% |
| Suppliers | 440/4 | €1,157 | €3,023 | +€1,865 | +161.2% |
| Taxes, remuneration and social security | 45 | €19,641 | €11,757 | -€7,884 | -40.1% |
| Taxes | 450/3 | €16,883 | €8,788 | -€8,096 | -47.9% |
| Remuneration and social security | 454/9 | €2,758 | €2,970 | +€212 | +7.7% |
| Other amounts payable | 47/48 | €32,845 | €23,421 | -€9,424 | -28.7% |
| Accrued charges and deferred income | 492/3 | €25,491 | €18,337 | -€7,154 | -28.1% |
| Remuneration, social security and pensions | 62 | €10,655 | €7,571 | -€3,084 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,235 | €6,648 | +€1,413 | +27.0% |
| Other operating charges | 640/8 | €4,570 | €6,488 | +€1,918 | +42.0% |
| Gross operating margin | 9900 | €51,375 | €41,150 | -€10,225 | -19.9% |
| Operating profit (loss) | 9901 | €30,915 | €20,442 | -€10,473 | -33.9% |
| Financial income | 75/76B | €3,685 | €107 | -€3,578 | -97.1% |
| Recurring financial income | 75 | €1,034 | €107 | -€927 | -89.7% |
| Non-recurring financial income | 76B | €2,650 | - | -€2,650 | |
| Financial charges | 65/66B | €240 | €45 | -€194 | -81.0% |
| Recurring financial charges | 65 | €240 | €45 | -€194 | -81.0% |
| Profit (loss) for the period before taxes | 9903 | €34,360 | €20,503 | -€13,856 | -40.3% |
| Income taxes | 67/77 | €9,405 | €6,008 | -€3,397 | -36.1% |
| Profit (loss) for the period | 9904 | €24,954 | €14,495 | -€10,459 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,954 | €14,495 | -€10,459 | -41.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.