SARRA: 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.
SARRA
Largest movements
- Receivables within one year +€76,871
up €76,871 (+26.2%), from €293,625 to €370,496
of which Other amounts receivable: +€80,000
- Tangible fixed assets -€32,066
down €32,066 (-5.8%), from €552,127 to €520,062
of which Land and buildings: -€29,807
- Other debts +€88,834
up €88,834 (+22.6%), from €392,782 to €481,616
- Reserves -€34,862
down €34,862 (-6.8%), from €510,881 to €476,018
- Accrued charges and deferred income +€13,045
up €13,045 (+75.6%), from €17,255 to €30,300
- Gross operating margin +€18,343
up €18,343 (+121.3%), from €15,116 to €33,458
- Financial charges +€11,296
up €11,296 (+59.2%), from €19,079 to €30,376
- Depreciation -€4,568
down €4,568 (-12.5%), from €36,634 to €32,066
- Other operating charges +€1,528
up €1,528 (+38.7%), from €3,942 to €5,470
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 | €992,451 | €1,048,675 | +€56,224 | +5.7% |
| Fixed assets | 21/28 | €592,127 | €560,062 | -€32,066 | -5.4% |
| Tangible fixed assets | 22/27 | €552,127 | €520,062 | -€32,066 | -5.8% |
| Land and buildings | 22 | €547,893 | €518,085 | -€29,807 | -5.4% |
| Plant, machinery and equipment | 23 | €1,299 | €807 | -€492 | -37.9% |
| Furniture and vehicles | 24 | €2,935 | €1,169 | -€1,766 | -60.2% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €400,324 | €488,613 | +€88,289 | +22.1% |
| Amounts receivable within one year | 40/41 | €293,625 | €370,496 | +€76,871 | +26.2% |
| Trade receivables | 40 | €13,625 | €10,496 | -€3,129 | -23.0% |
| Other amounts receivable | 41 | €280,000 | €360,000 | +€80,000 | +28.6% |
| Current investments | 50/53 | €105,093 | €105,093 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,160 | €11,215 | +€10,055 | +866.9% |
| Deferred charges and accrued income | 490/1 | €446 | €1,809 | +€1,363 | +305.8% |
| Total equity and liabilities | 10/49 | €992,451 | €1,048,675 | +€56,224 | +5.7% |
| Equity | 10/15 | €530,881 | €496,018 | -€34,862 | -6.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €510,881 | €476,018 | -€34,862 | -6.8% |
| Distributable reserves | 133 | €510,881 | €476,018 | -€34,862 | -6.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable | 17/49 | €431,571 | €522,657 | +€91,086 | +21.1% |
| Amounts payable within one year | 42/48 | €414,316 | €492,357 | +€78,042 | +18.8% |
| Trade debts | 44 | €12,203 | €2,599 | -€9,603 | -78.7% |
| Suppliers | 440/4 | €12,203 | €2,599 | -€9,603 | -78.7% |
| Taxes, remuneration and social security | 45 | €9,331 | €8,142 | -€1,189 | -12.7% |
| Taxes | 450/3 | €9,331 | €8,142 | -€1,189 | -12.7% |
| Other amounts payable | 47/48 | €392,782 | €481,616 | +€88,834 | +22.6% |
| Accrued charges and deferred income | 492/3 | €17,255 | €30,300 | +€13,045 | +75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,634 | €32,066 | -€4,568 | -12.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €3,942 | €5,470 | +€1,528 | +38.7% |
| Gross operating margin | 9900 | €15,116 | €33,458 | +€18,343 | +121.3% |
| Operating profit (loss) | 9901 | -€25,460 | -€4,077 | +€21,383 | +84.0% |
| Financial income | 75/76B | €104 | €10 | -€94 | -90.3% |
| Recurring financial income | 75 | €104 | €10 | -€94 | -90.3% |
| Financial charges | 65/66B | €19,079 | €30,376 | +€11,296 | +59.2% |
| Recurring financial charges | 65 | €19,079 | €30,376 | +€11,296 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | -€44,436 | -€34,443 | +€9,993 | +22.5% |
| Income taxes | 67/77 | €453 | €420 | -€34 | -7.4% |
| Profit (loss) for the period | 9904 | -€44,889 | -€34,862 | +€10,027 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,889 | -€34,862 | +€10,027 | +22.3% |
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 29 September 2026 via checked.be.