SARRA BEN MILED: 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.
SARRA BEN MILED
Largest movements
- Cash -€64,600
down €64,600 (-8.0%), from €805,696 to €741,096
mainly Contributions, distributions and other (-€401,059) and Tax, wage and social debts (-€6,958)
- Receivables within one year -€24,738
down €24,738 (-48.1%), from €51,463 to €26,725
of which Other amounts receivable: -€22,587
- Profit (loss) carried forward -€251,806
down €251,806 (-46.2%), from €545,277 to €293,471
- Other debts +€164,500
up €164,500 (+463%), from €35,500 to €200,000
- Gross operating margin -€34,014
down €34,014 (-14.1%), from €240,605 to €206,591
- Taxes -€13,795
down €13,795 (-19.7%), from €69,992 to €56,197
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.
Derived cash bridge
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 | €888,502 | €794,911 | -€93,591 | -10.5% |
| Fixed assets | 21/28 | €3,275 | €4,279 | +€1,004 | +30.6% |
| Tangible fixed assets | 22/27 | €3,275 | €4,279 | +€1,004 | +30.6% |
| Plant, machinery and equipment | 23 | €1,852 | €3,498 | +€1,646 | +88.9% |
| Furniture and vehicles | 24 | €1,423 | €781 | -€642 | -45.1% |
| Current assets | 29/58 | €885,227 | €790,632 | -€94,595 | -10.7% |
| Amounts receivable within one year | 40/41 | €51,463 | €26,725 | -€24,738 | -48.1% |
| Trade receivables | 40 | €2,152 | €0 | -€2,152 | -100% |
| Other amounts receivable | 41 | €49,311 | €26,725 | -€22,587 | -45.8% |
| Cash at bank and in hand | 54/58 | €805,696 | €741,096 | -€64,600 | -8.0% |
| Deferred charges and accrued income | 490/1 | €28,068 | €22,811 | -€5,257 | -18.7% |
| Total equity and liabilities | 10/49 | €888,502 | €794,911 | -€93,591 | -10.5% |
| Equity | 10/15 | €712,335 | €460,529 | -€251,806 | -35.3% |
| Contributions | 10/11 | €20,510 | €20,510 | = | 0.0% |
| Reserves | 13 | €146,548 | €146,548 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €146,548 | €146,548 | = | 0.0% |
| Profit (loss) carried forward | 14 | €545,277 | €293,471 | -€251,806 | -46.2% |
| Amounts payable | 17/49 | €176,166 | €334,382 | +€158,215 | +89.8% |
| Amounts payable within one year | 42/48 | €176,166 | €334,382 | +€158,215 | +89.8% |
| Trade debts | 44 | €732 | €1,406 | +€673 | +92.0% |
| Suppliers | 440/4 | €732 | €1,406 | +€673 | +92.0% |
| Taxes, remuneration and social security | 45 | €139,934 | €132,976 | -€6,958 | -5.0% |
| Taxes | 450/3 | €139,934 | €132,976 | -€6,958 | -5.0% |
| Other amounts payable | 47/48 | €35,500 | €200,000 | +€164,500 | +463% |
| Remuneration, social security and pensions | 62 | €500 | €0 | -€500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,165 | €1,535 | +€371 | +31.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €240,605 | €206,591 | -€34,014 | -14.1% |
| Operating profit (loss) | 9901 | €238,553 | €204,656 | -€33,897 | -14.2% |
| Financial income | 75/76B | €2,901 | €1,120 | -€1,781 | -61.4% |
| Recurring financial income | 75 | €2,901 | €1,120 | -€1,781 | -61.4% |
| Financial charges | 65/66B | €194 | €327 | +€133 | +68.5% |
| Recurring financial charges | 65 | €194 | €327 | +€133 | +68.5% |
| Profit (loss) for the period before taxes | 9903 | €241,260 | €205,449 | -€35,811 | -14.8% |
| Income taxes | 67/77 | €69,992 | €56,197 | -€13,795 | -19.7% |
| Profit (loss) for the period | 9904 | €171,269 | €149,253 | -€22,016 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €171,269 | €149,253 | -€22,016 | -12.9% |
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 19 October 2026 via checked.be.