SAROEN: 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.
SAROEN
Largest movements
- Cash +€80,706
up €80,706 (+114.1%), from €70,716 to €151,422
mainly Net result for the year (+€198,567) and Depreciation (+€39,846)
- Tangible fixed assets -€19,940
down €19,940 (-5.3%), from €374,641 to €354,702
of which Land and buildings: -€36,750
- Current investments -€19,417
down €19,417 (-3.9%), from €499,186 to €479,769
- Other debts +€39,246
up €39,246 (+33.0%), from €118,970 to €158,217
- Debts after one year -€29,994
down €29,994 (-17.5%), from €171,683 to €141,689
- Reserves +€16,016
up €16,016 (+2.6%), from €624,459 to €640,476
of which Distributable reserves: +€44,201
- Gross operating margin +€57,563
up €57,563 (+25.0%), from €230,289 to €287,852
- Taxes +€30,350
up €30,350 (+54.4%), from €55,749 to €86,098
- Write-downs -€29,326
down €29,326, from €0 to -€29,326
- Financial income +€27,672
up €27,672 (+1431.8%), from €1,933 to €29,605
of which Non-recurring financial income: +€24,747
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.
Cash bridge derived
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 | €979,707 | €1,017,813 | +€38,106 | +3.9% |
| Fixed assets | 21/28 | €374,641 | €354,702 | -€19,940 | -5.3% |
| Tangible fixed assets | 22/27 | €374,641 | €354,702 | -€19,940 | -5.3% |
| Land and buildings | 22 | €364,987 | €328,237 | -€36,750 | -10.1% |
| Plant, machinery and equipment | 23 | €9,044 | €26,054 | +€17,011 | +188.1% |
| Furniture and vehicles | 24 | €610 | €410 | -€200 | -32.8% |
| Current assets | 29/58 | €605,066 | €663,111 | +€58,046 | +9.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €35,164 | €31,640 | -€3,524 | -10.0% |
| Trade receivables | 40 | €35,164 | €29,725 | -€5,439 | -15.5% |
| Other amounts receivable | 41 | €0 | €1,915 | +€1,915 | |
| Current investments | 50/53 | €499,186 | €479,769 | -€19,417 | -3.9% |
| Cash at bank and in hand | 54/58 | €70,716 | €151,422 | +€80,706 | +114.1% |
| Deferred charges and accrued income | 490/1 | €0 | €280 | +€280 | |
| Total equity and liabilities | 10/49 | €979,707 | €1,017,813 | +€38,106 | +3.9% |
| Equity | 10/15 | €630,659 | €646,676 | +€16,016 | +2.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €624,459 | €640,476 | +€16,016 | +2.6% |
| Non-distributable reserves | 130/1 | €28,185 | €0 | -€28,185 | -100.0% |
| Reserves not available under the articles | 1311 | €28,185 | €0 | -€28,185 | -100.0% |
| Distributable reserves | 133 | €596,274 | €640,476 | +€44,201 | +7.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €349,048 | €371,137 | +€22,089 | +6.3% |
| Amounts payable after more than one year | 17 | €171,683 | €141,689 | -€29,994 | -17.5% |
| Financial debts | 170/4 | €171,683 | €141,689 | -€29,994 | -17.5% |
| Amounts payable within one year | 42/48 | €176,803 | €228,860 | +€52,057 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €30,070 | €32,276 | +€2,206 | +7.3% |
| Trade debts | 44 | €1,475 | €3,310 | +€1,835 | +124.4% |
| Suppliers | 440/4 | €1,475 | €3,310 | +€1,835 | +124.4% |
| Taxes, remuneration and social security | 45 | €26,287 | €35,057 | +€8,770 | +33.4% |
| Taxes | 450/3 | €26,287 | €35,057 | +€8,770 | +33.4% |
| Other amounts payable | 47/48 | €118,970 | €158,217 | +€39,246 | +33.0% |
| Accrued charges and deferred income | 492/3 | €562 | €589 | +€27 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,332 | €39,846 | +€1,515 | +4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€29,326 | -€29,326 | |
| Other operating charges | 640/8 | €5,692 | €6,478 | +€786 | +13.8% |
| Gross operating margin | 9900 | €230,289 | €287,852 | +€57,563 | +25.0% |
| Operating profit (loss) | 9901 | €186,265 | €270,854 | +€84,588 | +45.4% |
| Financial income | 75/76B | €1,933 | €29,605 | +€27,672 | +1431.8% |
| Recurring financial income | 75 | €1,933 | €4,857 | +€2,925 | +151.3% |
| Non-recurring financial income | 76B | - | €24,747 | +€24,747 | |
| Financial charges | 65/66B | €15,961 | €15,793 | -€168 | -1.1% |
| Recurring financial charges | 65 | €15,961 | €15,793 | -€168 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €172,237 | €284,666 | +€112,429 | +65.3% |
| Income taxes | 67/77 | €55,749 | €86,098 | +€30,350 | +54.4% |
| Profit (loss) for the period | 9904 | €116,488 | €198,567 | +€82,079 | +70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €116,488 | €198,567 | +€82,079 | +70.5% |
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 9 October 2026 via checked.be.