SAROS: 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.
SAROS
Largest movements
- Cash -€136,478
down €136,478 (-89.2%), from €152,945 to €16,467
mainly Stocks and contracts (-€130,610) and Receivables after one year (-€112,302)
- Stocks and contracts +€130,610
new in 2025: €130,610
- Receivables after one year +€112,302
new in 2025: €112,302
- Receivables within one year -€39,965
down €39,965 (-66.2%), from €60,360 to €20,394
- Deferred charges and accrued income +€8,959
up €8,959 (+2273.6%), from €394 to €9,353
- Trade debts +€99,724
up €99,724 (+1045.7%), from €9,537 to €109,261
- Reserves -€15,933
down €15,933 (-7.8%), from €203,713 to €187,779
of which Distributable reserves: -€15,933
- Tax, wage and social debts -€11,424
down €11,424 (-100.0%), from €11,424 to €0
- Gross operating margin -€124,360
down €124,360, from €117,714 to -€6,646
- Taxes -€27,367
down €27,367 (-100.0%), from €27,367 to €0
- Financial income +€3,402
up €3,402 (+102.3%), from €3,326 to €6,728
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 | €286,673 | €359,244 | +€72,570 | +25.3% |
| Fixed assets | 21/28 | €72,974 | €70,118 | -€2,857 | -3.9% |
| Tangible fixed assets | 22/27 | €72,974 | €70,118 | -€2,857 | -3.9% |
| Land and buildings | 22 | €72,974 | €70,118 | -€2,857 | -3.9% |
| Current assets | 29/58 | €213,699 | €289,126 | +€75,427 | +35.3% |
| Amounts receivable after more than one year | 29 | - | €112,302 | +€112,302 | |
| Other amounts receivable | 291 | - | €112,302 | +€112,302 | |
| Stocks and contracts in progress | 3 | - | €130,610 | +€130,610 | |
| Stocks | 30/36 | - | €130,610 | +€130,610 | |
| Amounts receivable within one year | 40/41 | €60,360 | €20,394 | -€39,965 | -66.2% |
| Other amounts receivable | 41 | €60,360 | €20,394 | -€39,965 | -66.2% |
| Cash at bank and in hand | 54/58 | €152,945 | €16,467 | -€136,478 | -89.2% |
| Deferred charges and accrued income | 490/1 | €394 | €9,353 | +€8,959 | +2273.6% |
| Total equity and liabilities | 10/49 | €286,673 | €359,244 | +€72,570 | +25.3% |
| Equity | 10/15 | €265,713 | €249,779 | -€15,933 | -6.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €203,713 | €187,779 | -€15,933 | -7.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €197,513 | €181,579 | -€15,933 | -8.1% |
| Amounts payable | 17/49 | €20,960 | €109,464 | +€88,504 | +422.2% |
| Amounts payable within one year | 42/48 | €20,960 | €109,464 | +€88,504 | +422.2% |
| Trade debts | 44 | €9,537 | €109,261 | +€99,724 | +1045.7% |
| Suppliers | 440/4 | €9,537 | €109,261 | +€99,724 | +1045.7% |
| Taxes, remuneration and social security | 45 | €11,424 | €0 | -€11,424 | -100.0% |
| Taxes | 450/3 | €11,424 | €0 | -€11,424 | -100.0% |
| Other amounts payable | 47/48 | - | €204 | +€204 | |
| Non-recurring operating income | 76A | €52,920 | €0 | -€52,920 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,857 | €2,857 | +€0 | 0.0% |
| Other operating charges | 640/8 | €11,814 | €12,149 | +€335 | +2.8% |
| Gross operating margin | 9900 | €117,714 | -€6,646 | -€124,360 | |
| Operating profit (loss) | 9901 | €103,043 | -€21,652 | -€124,695 | |
| Financial income | 75/76B | €3,326 | €6,728 | +€3,402 | +102.3% |
| Recurring financial income | 75 | €3,326 | €6,728 | +€3,402 | +102.3% |
| Financial charges | 65/66B | €104 | €1,010 | +€905 | +867.0% |
| Recurring financial charges | 65 | €104 | €1,010 | +€905 | +867.0% |
| Profit (loss) for the period before taxes | 9903 | €106,265 | -€15,933 | -€122,198 | |
| Income taxes | 67/77 | €27,367 | €0 | -€27,367 | -100.0% |
| Profit (loss) for the period | 9904 | €78,898 | -€15,933 | -€94,831 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,898 | -€15,933 | -€94,831 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.