SARPA: 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.
SARPA
Largest movements
- Cash +€4,478
up €4,478 (+22.2%), from €20,196 to €24,674
mainly Net result for the year (+€18,719) and Depreciation (+€7,924)
- Tangible fixed assets -€2,747
down €2,747 (-19.5%), from €14,075 to €11,327
of which Leasing and similar rights: -€6,584
- Profit (loss) carried forward +€18,719
up €18,719 (+97.1%), from -€19,274 to -€554
- Tax, wage and social debts -€10,180
down €10,180 (-75.4%), from €13,505 to €3,325
of which Remuneration and social security: -€9,447
- Current portion of long-term debt -€7,741
no longer reported in 2025 (was €7,741)
- Other debts +€875
up €875 (+4.5%), from €19,403 to €20,277
- Gross operating margin +€14,015
up €14,015 (+91.4%), from €15,328 to €29,343
- Taxes +€915
up €915 (+656.0%), from €140 to €1,055
- Depreciation +€514
up €514 (+6.9%), from €7,409 to €7,924
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 | €42,571 | €44,269 | +€1,698 | +4.0% |
| Fixed assets | 21/28 | €14,075 | €11,327 | -€2,747 | -19.5% |
| Tangible fixed assets | 22/27 | €14,075 | €11,327 | -€2,747 | -19.5% |
| Plant, machinery and equipment | 23 | €620 | €273 | -€347 | -56.0% |
| Furniture and vehicles | 24 | €593 | €4,777 | +€4,184 | +704.9% |
| Leasing and similar rights | 25 | €12,861 | €6,277 | -€6,584 | -51.2% |
| Current assets | 29/58 | €28,496 | €32,942 | +€4,446 | +15.6% |
| Amounts receivable within one year | 40/41 | €4,925 | €4,659 | -€266 | -5.4% |
| Trade receivables | 40 | €4,925 | €4,659 | -€266 | -5.4% |
| Cash at bank and in hand | 54/58 | €20,196 | €24,674 | +€4,478 | +22.2% |
| Deferred charges and accrued income | 490/1 | €3,375 | €3,609 | +€233 | +6.9% |
| Total equity and liabilities | 10/49 | €42,571 | €44,269 | +€1,698 | +4.0% |
| Equity | 10/15 | €726 | €19,446 | +€18,719 | +2577.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,274 | -€554 | +€18,719 | +97.1% |
| Amounts payable | 17/49 | €41,844 | €24,823 | -€17,021 | -40.7% |
| Amounts payable within one year | 42/48 | €41,844 | €24,562 | -€17,282 | -41.3% |
| Current portion of amounts payable after more than one year | 42 | €7,741 | - | -€7,741 | |
| Trade debts | 44 | €1,195 | €959 | -€236 | -19.8% |
| Suppliers | 440/4 | €1,195 | €959 | -€236 | -19.8% |
| Taxes, remuneration and social security | 45 | €13,505 | €3,325 | -€10,180 | -75.4% |
| Taxes | 450/3 | €3,577 | €2,844 | -€733 | -20.5% |
| Remuneration and social security | 454/9 | €9,928 | €481 | -€9,447 | -95.2% |
| Other amounts payable | 47/48 | €19,403 | €20,277 | +€875 | +4.5% |
| Accrued charges and deferred income | 492/3 | - | €262 | +€262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,409 | €7,924 | +€514 | +6.9% |
| Other operating charges | 640/8 | €1,478 | €1,507 | +€29 | +2.0% |
| Gross operating margin | 9900 | €15,328 | €29,343 | +€14,015 | +91.4% |
| Operating profit (loss) | 9901 | €6,441 | €19,913 | +€13,472 | +209.2% |
| Financial income | 75/76B | €3 | €4 | +€1 | +22.6% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +22.6% |
| Financial charges | 65/66B | €359 | €142 | -€217 | -60.3% |
| Recurring financial charges | 65 | €359 | €142 | -€217 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €6,085 | €19,774 | +€13,689 | +225.0% |
| Income taxes | 67/77 | €140 | €1,055 | +€915 | +656.0% |
| Profit (loss) for the period | 9904 | €5,945 | €18,719 | +€12,774 | +214.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,945 | €18,719 | +€12,774 | +214.8% |
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 3 October 2026 via checked.be.