SARSA: 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.
SARSA
Largest movements
- Cash +€6,327
up €6,327 (+106%), from €5,975 to €12,302
mainly Net result for the year (+€5,794) and Receivables within one year (+€5,778)
- Receivables within one year -€5,778
down €5,778 (-66.8%), from €8,651 to €2,873
of which Trade receivables: -€4,822
- Intangible fixed assets -€2,000
down €2,000 (-33.3%), from €6,000 to €4,000
- Stocks and contracts -€610
down €610 (-29.1%), from €2,095 to €1,485
- Tangible fixed assets -€441
down €441 (-15.9%), from €2,781 to €2,340
- Profit (loss) carried forward +€5,794
up €5,794 (+26.2%), from -€22,153 to -€16,358
- Trade debts -€5,736
down €5,736 (-27.8%), from €20,623 to €14,887
- Tax, wage and social debts -€3,733
down €3,733 (-42.2%), from €8,848 to €5,115
of which Remuneration and social security: -€3,450
- Other debts +€1,667
up €1,667 (+8.4%), from €19,929 to €21,596
- Staff costs -€32,097
down €32,097 (-66.3%), from €48,425 to €16,328
- Gross operating margin -€10,263
down €10,263 (-25.2%), from €40,697 to €30,433
- Financial charges -€955
down €955 (-38.7%), from €2,470 to €1,515
- Financial income +€834
up €834 (+398%), from €209 to €1,043
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 | €41,261 | €39,253 | -€2,008 | -4.9% |
| Fixed assets | 21/28 | €24,540 | €22,196 | -€2,344 | -9.6% |
| Intangible fixed assets | 21 | €6,000 | €4,000 | -€2,000 | -33.3% |
| Tangible fixed assets | 22/27 | €2,781 | €2,340 | -€441 | -15.9% |
| Plant, machinery and equipment | 23 | €2,781 | €2,340 | -€441 | -15.9% |
| Financial fixed assets | 28 | €15,759 | €15,856 | +€97 | +0.6% |
| Current assets | 29/58 | €16,721 | €17,057 | +€336 | +2.0% |
| Stocks and contracts in progress | 3 | €2,095 | €1,485 | -€610 | -29.1% |
| Stocks | 30/36 | €2,095 | €1,485 | -€610 | -29.1% |
| Amounts receivable within one year | 40/41 | €8,651 | €2,873 | -€5,778 | -66.8% |
| Trade receivables | 40 | €7,487 | €2,664 | -€4,822 | -64.4% |
| Other amounts receivable | 41 | €1,164 | €209 | -€956 | -82.1% |
| Cash at bank and in hand | 54/58 | €5,975 | €12,302 | +€6,327 | +106% |
| Deferred charges and accrued income | 490/1 | - | €396 | +€396 | |
| Total equity and liabilities | 10/49 | €41,261 | €39,253 | -€2,008 | -4.9% |
| Equity | 10/15 | -€8,153 | -€2,358 | +€5,794 | +71.1% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,153 | -€16,358 | +€5,794 | +26.2% |
| Amounts payable | 17/49 | €49,414 | €41,611 | -€7,803 | -15.8% |
| Amounts payable within one year | 42/48 | €49,399 | €41,597 | -€7,803 | -15.8% |
| Trade debts | 44 | €20,623 | €14,887 | -€5,736 | -27.8% |
| Suppliers | 440/4 | €20,623 | €14,887 | -€5,736 | -27.8% |
| Taxes, remuneration and social security | 45 | €8,848 | €5,115 | -€3,733 | -42.2% |
| Taxes | 450/3 | €1,324 | €1,041 | -€283 | -21.3% |
| Remuneration and social security | 454/9 | €7,523 | €4,073 | -€3,450 | -45.9% |
| Other amounts payable | 47/48 | €19,929 | €21,596 | +€1,667 | +8.4% |
| Accrued charges and deferred income | 492/3 | €15 | €14 | -€0 | -1.2% |
| Remuneration, social security and pensions | 62 | €48,425 | €16,328 | -€32,097 | -66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,441 | €2,441 | = | 0.0% |
| Other operating charges | 640/8 | €5,644 | €5,397 | -€247 | -4.4% |
| Gross operating margin | 9900 | €40,697 | €30,433 | -€10,263 | -25.2% |
| Operating profit (loss) | 9901 | -€15,815 | €6,266 | +€22,081 | |
| Financial income | 75/76B | €209 | €1,043 | +€834 | +398% |
| Recurring financial income | 75 | €209 | €1,043 | +€834 | +398% |
| Financial charges | 65/66B | €2,470 | €1,515 | -€955 | -38.7% |
| Recurring financial charges | 65 | €2,470 | €1,515 | -€955 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,075 | €5,794 | +€23,870 | |
| Profit (loss) for the period | 9904 | -€18,075 | €5,794 | +€23,870 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,075 | €5,794 | +€23,870 |
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 13 October 2026 via checked.be.