SARRAZIJN BENNY: 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.
SARRAZIJN BENNY
Largest movements
- Cash +€116,984
up €116,984 (+33.9%), from €344,853 to €461,837
mainly Net result for the year (+€104,497) and Depreciation (+€11,661)
- Tangible fixed assets -€11,661
down €11,661 (-2.7%), from €433,724 to €422,063
- Reserves +€103,664
up €103,664 (+15.4%), from €673,757 to €777,421
- Gross operating margin +€29,220
up €29,220 (+21.4%), from €136,391 to €165,611
- Taxes +€8,435
up €8,435 (+24.4%), from €34,564 to €42,999
- Depreciation +€1,939
up €1,939 (+19.9%), from €9,722 to €11,661
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 | €876,609 | €980,367 | +€103,758 | +11.8% |
| Fixed assets | 21/28 | €518,434 | €506,773 | -€11,661 | -2.2% |
| Tangible fixed assets | 22/27 | €433,724 | €422,063 | -€11,661 | -2.7% |
| Land and buildings | 22 | €433,724 | €422,063 | -€11,661 | -2.7% |
| Financial fixed assets | 28 | €84,710 | €84,710 | = | 0.0% |
| Current assets | 29/58 | €358,175 | €473,594 | +€115,420 | +32.2% |
| Amounts receivable within one year | 40/41 | €10,227 | €8,729 | -€1,498 | -14.7% |
| Other amounts receivable | 41 | €10,227 | €8,729 | -€1,498 | -14.7% |
| Cash at bank and in hand | 54/58 | €344,853 | €461,837 | +€116,984 | +33.9% |
| Deferred charges and accrued income | 490/1 | €3,095 | €3,029 | -€65 | -2.1% |
| Total equity and liabilities | 10/49 | €876,609 | €980,367 | +€103,758 | +11.8% |
| Equity | 10/15 | €692,307 | €795,971 | +€103,664 | +15.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €673,757 | €777,421 | +€103,664 | +15.4% |
| Distributable reserves | 133 | €673,757 | €777,421 | +€103,664 | +15.4% |
| Amounts payable | 17/49 | €184,302 | €184,396 | +€94 | +0.1% |
| Amounts payable after more than one year | 17 | €146,057 | €138,832 | -€7,225 | -4.9% |
| Financial debts | 170/4 | €91,757 | €76,836 | -€14,921 | -16.3% |
| Other amounts payable | 178/9 | €54,300 | €61,995 | +€7,695 | +14.2% |
| Amounts payable within one year | 42/48 | €29,039 | €35,080 | +€6,041 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €14,775 | €14,921 | +€145 | +1.0% |
| Trade debts | 44 | €3,451 | €3,972 | +€521 | +15.1% |
| Suppliers | 440/4 | €3,451 | €3,972 | +€521 | +15.1% |
| Taxes, remuneration and social security | 45 | €9,979 | €11,904 | +€1,924 | +19.3% |
| Taxes | 450/3 | €9,979 | €11,904 | +€1,924 | +19.3% |
| Other amounts payable | 47/48 | €833 | €4,283 | +€3,450 | +414% |
| Accrued charges and deferred income | 492/3 | €9,206 | €10,485 | +€1,278 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,722 | €11,661 | +€1,939 | +19.9% |
| Other operating charges | 640/8 | €1,624 | €1,804 | +€180 | +11.1% |
| Gross operating margin | 9900 | €136,391 | €165,611 | +€29,220 | +21.4% |
| Operating profit (loss) | 9901 | €125,045 | €152,145 | +€27,100 | +21.7% |
| Financial income | 75/76B | €571 | €1,203 | +€632 | +111% |
| Recurring financial income | 75 | €571 | €1,203 | +€632 | +111% |
| Financial charges | 65/66B | €4,855 | €5,852 | +€996 | +20.5% |
| Recurring financial charges | 65 | €4,855 | €5,852 | +€996 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €120,760 | €147,496 | +€26,736 | +22.1% |
| Income taxes | 67/77 | €34,564 | €42,999 | +€8,435 | +24.4% |
| Profit (loss) for the period | 9904 | €86,196 | €104,497 | +€18,301 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,196 | €104,497 | +€18,301 | +21.2% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.