SARP: 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.
SARP
Largest movements
- Cash +€4,169
up €4,169 (+20.7%), from €20,173 to €24,342
mainly Trade debts (+€3,972) and Net result for the year (+€2,048)
- Deferred charges and accrued income +€1,257
new in 2025: €1,257
- Trade debts +€3,972
up €3,972 (+26.5%), from €15,005 to €18,977
- Reserves +€2,048
up €2,048 (+29.2%), from €7,006 to €9,054
- Tax, wage and social debts -€770
down €770 (-54.4%), from €1,416 to €646
- Accrued charges and deferred income -€515
no longer reported in 2025 (was €515)
- Gross operating margin -€5,777
down €5,777 (-46.9%), from €12,325 to €6,548
- Taxes -€623
down €623 (-21.6%), from €2,885 to €2,262
- Other operating charges -€340
down €340 (-16.3%), from €2,089 to €1,749
- Financial charges +€145
up €145 (+1001.1%), from €15 to €160
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 | €28,959 | €33,591 | +€4,631 | +16.0% |
| Fixed assets | 21/28 | €1,021 | €691 | -€330 | -32.3% |
| Tangible fixed assets | 22/27 | €521 | €191 | -€330 | -63.4% |
| Land and buildings | 22 | €254 | €191 | -€64 | -25.0% |
| Furniture and vehicles | 24 | €267 | - | -€267 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €27,938 | €32,900 | +€4,962 | +17.8% |
| Stocks and contracts in progress | 3 | €6,000 | €5,800 | -€200 | -3.3% |
| Stocks | 30/36 | €6,000 | €5,800 | -€200 | -3.3% |
| Amounts receivable within one year | 40/41 | €1,765 | €1,501 | -€264 | -15.0% |
| Trade receivables | 40 | €1,720 | €1,197 | -€523 | -30.4% |
| Other amounts receivable | 41 | €45 | €304 | +€258 | +570.7% |
| Cash at bank and in hand | 54/58 | €20,173 | €24,342 | +€4,169 | +20.7% |
| Deferred charges and accrued income | 490/1 | - | €1,257 | +€1,257 | |
| Total equity and liabilities | 10/49 | €28,959 | €33,591 | +€4,631 | +16.0% |
| Equity | 10/15 | €9,506 | €11,554 | +€2,048 | +21.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €7,006 | €9,054 | +€2,048 | +29.2% |
| Distributable reserves | 133 | €7,006 | €9,054 | +€2,048 | +29.2% |
| Amounts payable | 17/49 | €19,453 | €22,036 | +€2,584 | +13.3% |
| Amounts payable within one year | 42/48 | €18,938 | €22,036 | +€3,099 | +16.4% |
| Trade debts | 44 | €15,005 | €18,977 | +€3,972 | +26.5% |
| Suppliers | 440/4 | €15,005 | €18,977 | +€3,972 | +26.5% |
| Taxes, remuneration and social security | 45 | €1,416 | €646 | -€770 | -54.4% |
| Taxes | 450/3 | €1,416 | €646 | -€770 | -54.4% |
| Other amounts payable | 47/48 | €2,516 | €2,413 | -€103 | -4.1% |
| Accrued charges and deferred income | 492/3 | €515 | - | -€515 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330 | €330 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,089 | €1,749 | -€340 | -16.3% |
| Gross operating margin | 9900 | €12,325 | €6,548 | -€5,777 | -46.9% |
| Operating profit (loss) | 9901 | €9,906 | €4,469 | -€5,437 | -54.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -57.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -57.1% |
| Financial charges | 65/66B | €15 | €160 | +€145 | +1001.1% |
| Recurring financial charges | 65 | €15 | €160 | +€145 | +1001.1% |
| Profit (loss) for the period before taxes | 9903 | €9,891 | €4,309 | -€5,582 | -56.4% |
| Income taxes | 67/77 | €2,885 | €2,262 | -€623 | -21.6% |
| Profit (loss) for the period | 9904 | €7,006 | €2,048 | -€4,959 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,006 | €2,048 | -€4,959 | -70.8% |
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 11 October 2026 via checked.be.