SART EVENTS: 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.
SART EVENTS
Largest movements
- Cash +€3,811
up €3,811 (+103%), from €3,686 to €7,497
mainly Other debts (+€8,280) and Depreciation (+€2,173)
- Tangible fixed assets -€973
down €973 (-18.1%), from €5,371 to €4,397
- Receivables within one year -€176
down €176 (-49.2%), from €357 to €182
- Other debts +€8,280
new in 2025: €8,280
- Tax, wage and social debts -€5,701
down €5,701 (-93.1%), from €6,123 to €422
of which Remuneration and social security: -€6,000
- Profit (loss) carried forward +€783
up €783 (+76.3%), from -€1,026 to -€243
- Accrued charges and deferred income -€693
no longer reported in 2025 (was €693)
- Gross operating margin +€1,377
up €1,377 (+73.2%), from €1,882 to €3,258
- Depreciation -€694
down €694 (-24.2%), from €2,867 to €2,173
- Financial charges +€155
up €155 (+381%), from €41 to €196
- Taxes +€106
new in 2025: €106
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 | €9,789 | €12,458 | +€2,669 | +27.3% |
| Fixed assets | 21/28 | €5,371 | €4,397 | -€973 | -18.1% |
| Tangible fixed assets | 22/27 | €5,371 | €4,397 | -€973 | -18.1% |
| Furniture and vehicles | 24 | €5,371 | €4,397 | -€973 | -18.1% |
| Current assets | 29/58 | €4,419 | €8,061 | +€3,642 | +82.4% |
| Amounts receivable within one year | 40/41 | €357 | €182 | -€176 | -49.2% |
| Trade receivables | 40 | €357 | €182 | -€176 | -49.2% |
| Cash at bank and in hand | 54/58 | €3,686 | €7,497 | +€3,811 | +103% |
| Deferred charges and accrued income | 490/1 | €375 | €382 | +€7 | +1.8% |
| Total equity and liabilities | 10/49 | €9,789 | €12,458 | +€2,669 | +27.3% |
| Equity | 10/15 | €2,974 | €3,757 | +€783 | +26.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,026 | -€243 | +€783 | +76.3% |
| Amounts payable | 17/49 | €6,816 | €8,702 | +€1,886 | +27.7% |
| Amounts payable within one year | 42/48 | €6,123 | €8,702 | +€2,579 | +42.1% |
| Taxes, remuneration and social security | 45 | €6,123 | €422 | -€5,701 | -93.1% |
| Taxes | 450/3 | €123 | €422 | +€299 | +243% |
| Remuneration and social security | 454/9 | €6,000 | - | -€6,000 | |
| Other amounts payable | 47/48 | - | €8,280 | +€8,280 | |
| Accrued charges and deferred income | 492/3 | €693 | - | -€693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,867 | €2,173 | -€694 | -24.2% |
| Gross operating margin | 9900 | €1,882 | €3,258 | +€1,377 | +73.2% |
| Operating profit (loss) | 9901 | -€986 | €1,085 | +€2,071 | |
| Financial charges | 65/66B | €41 | €196 | +€155 | +381% |
| Recurring financial charges | 65 | €41 | €196 | +€155 | +381% |
| Profit (loss) for the period before taxes | 9903 | -€1,026 | €889 | +€1,916 | |
| Income taxes | 67/77 | - | €106 | +€106 | |
| Profit (loss) for the period | 9904 | -€1,026 | €783 | +€1,809 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,026 | €783 | +€1,809 |
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 28 October 2026 via checked.be.