SARPEGE: 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.
SARPEGE
Largest movements
- Tangible fixed assets -€6,750
down €6,750 (-24.9%), from €27,113 to €20,363
- Cash +€670
up €670 (+32.3%), from €2,073 to €2,743
mainly Depreciation (+€7,041) and Tax, wage and social debts (+€2,132)
- Debts after one year -€8,000
down €8,000 (-48.5%), from €16,500 to €8,500
- Tax, wage and social debts +€2,132
up €2,132 (+88.1%), from €2,420 to €4,552
- Profit (loss) carried forward -€792
down €792 (-8.4%), from -€9,373 to -€10,165
- Gross operating margin -€1,888
down €1,888 (-16.8%), from €11,212 to €9,324
- Other operating charges -€675
down €675 (-42.1%), from €1,605 to €930
- Taxes +€492
up €492 (+30.9%), from €1,590 to €2,082
- Depreciation +€140
up €140 (+2.0%), from €6,901 to €7,041
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 | €30,587 | €24,149 | -€6,438 | -21.0% |
| Fixed assets | 21/28 | €28,302 | €21,261 | -€7,041 | -24.9% |
| Intangible fixed assets | 21 | €1,189 | €898 | -€291 | -24.5% |
| Tangible fixed assets | 22/27 | €27,113 | €20,363 | -€6,750 | -24.9% |
| Furniture and vehicles | 24 | €27,113 | €20,363 | -€6,750 | -24.9% |
| Current assets | 29/58 | €2,285 | €2,888 | +€603 | +26.4% |
| Amounts receivable within one year | 40/41 | €173 | - | -€173 | |
| Other amounts receivable | 41 | €173 | - | -€173 | |
| Cash at bank and in hand | 54/58 | €2,073 | €2,743 | +€670 | +32.3% |
| Deferred charges and accrued income | 490/1 | €39 | €145 | +€106 | +271.8% |
| Total equity and liabilities | 10/49 | €30,587 | €24,149 | -€6,438 | -21.0% |
| Equity | 10/15 | €11,078 | €10,286 | -€792 | -7.1% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,373 | -€10,165 | -€792 | -8.4% |
| Amounts payable | 17/49 | €19,509 | €13,863 | -€5,646 | -28.9% |
| Amounts payable after more than one year | 17 | €16,500 | €8,500 | -€8,000 | -48.5% |
| Financial debts | 170/4 | €16,500 | €8,500 | -€8,000 | -48.5% |
| Amounts payable within one year | 42/48 | €3,009 | €5,363 | +€2,354 | +78.2% |
| Trade debts | 44 | €589 | €579 | -€10 | -1.7% |
| Suppliers | 440/4 | €589 | €579 | -€10 | -1.7% |
| Taxes, remuneration and social security | 45 | €2,420 | €4,552 | +€2,132 | +88.1% |
| Taxes | 450/3 | €2,420 | €4,552 | +€2,132 | +88.1% |
| Other amounts payable | 47/48 | - | €232 | +€232 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,901 | €7,041 | +€140 | +2.0% |
| Other operating charges | 640/8 | €1,605 | €930 | -€675 | -42.1% |
| Gross operating margin | 9900 | €11,212 | €9,324 | -€1,888 | -16.8% |
| Operating profit (loss) | 9901 | €2,706 | €1,353 | -€1,353 | -50.0% |
| Financial charges | 65/66B | €153 | €63 | -€90 | -58.8% |
| Recurring financial charges | 65 | €153 | €63 | -€90 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | €2,553 | €1,290 | -€1,263 | -49.5% |
| Income taxes | 67/77 | €1,590 | €2,082 | +€492 | +30.9% |
| Profit (loss) for the period | 9904 | €963 | -€792 | -€1,755 | |
| Profit (loss) for the period to be appropriated | 9905 | €963 | -€792 | -€1,755 |
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 6 October 2026 via checked.be.