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SARTA: 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.

What changed

SARTA

BE 0451.691.683
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€9,633
2023 · -€8,900+€18,533
Equity
€112,495
2023 · €102,862+€9,633
Cash
€34,333
2023 · €24,208+€10,125
Balance sheet total
€147,383
2023 · €155,614-€8,231

Largest movements

2023 to 2024
Assets
  • Tangible fixed assets -€18,120

    down €18,120 (-13.9%), from €130,050 to €111,930

    of which Furniture and vehicles: -€10,319

  • Cash +€10,125

    up €10,125 (+41.8%), from €24,208 to €34,333

    mainly Depreciation (+€18,120) and Net result for the year (+€9,633)

Equity and liabilities
  • Other debts -€17,801

    down €17,801 (-34.4%), from €51,754 to €33,953

  • Reserves +€9,633

    up €9,633 (+10.5%), from €91,520 to €101,153

    of which Distributable reserves: +€9,633

Income statement
  • Gross operating margin +€25,909

    up €25,909 (+313.4%), from €8,267 to €34,176

  • Depreciation +€5,371

    up €5,371 (+42.1%), from €12,749 to €18,120

  • Taxes +€1,742

    up €1,742 (+1924.1%), from €91 to €1,833

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 -€8,900
Gross operating margin +€25,909
Depreciation -€5,371
Other operating charges -€245
Financial charges -€18
Taxes -€1,742
Result 2024 €9,633

Cash bridge derived

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€10,125
Investment €0
Financing €0
Cash 2023 €24,208
Net result for the year +€9,633
Depreciation +€18,120
Receivables within one year +€62
Deferred charges and accrued income +€174
Smaller working-capital items +€27
Tax, wage and social debts -€91
Other debts -€17,801
Cash 2024 €34,333
Every line side by side 36 lines
Line Code 2023 2024 Change %
Total assets 20/58 €155,614 €147,383 -€8,231 -5.3%
Fixed assets 21/28 €130,050 €111,930 -€18,120 -13.9%
Tangible fixed assets 22/27 €130,050 €111,930 -€18,120 -13.9%
Land and buildings 22 €83,427 €75,626 -€7,801 -9.4%
Furniture and vehicles 24 €46,623 €36,304 -€10,319 -22.1%
Current assets 29/58 €25,564 €35,453 +€9,889 +38.7%
Amounts receivable within one year 40/41 €279 €217 -€62 -22.2%
Other amounts receivable 41 €279 €217 -€62 -22.2%
Cash at bank and in hand 54/58 €24,208 €34,333 +€10,125 +41.8%
Deferred charges and accrued income 490/1 €1,077 €903 -€174 -16.2%
Total equity and liabilities 10/49 €155,614 €147,383 -€8,231 -5.3%
Equity 10/15 €102,862 €112,495 +€9,633 +9.4%
Contributions 10/11 €11,342 €11,342 = 0.0%
Reserves 13 €91,520 €101,153 +€9,633 +10.5%
Non-distributable reserves 130/1 €0 - =
Reserves not available under the articles 1311 €0 - =
Distributable reserves 133 €91,520 €101,153 +€9,633 +10.5%
Profit (loss) carried forward 14 €0 €0 =
Amounts payable 17/49 €52,752 €34,888 -€17,864 -33.9%
Amounts payable within one year 42/48 €51,902 €34,015 -€17,887 -34.5%
Trade debts 44 €58 €62 +€4 +6.9%
Suppliers 440/4 €58 €62 +€4 +6.9%
Taxes, remuneration and social security 45 €91 €0 -€91 -100.0%
Taxes 450/3 €91 €0 -€91 -100.0%
Other amounts payable 47/48 €51,754 €33,953 -€17,801 -34.4%
Accrued charges and deferred income 492/3 €850 €873 +€23 +2.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €12,749 €18,120 +€5,371 +42.1%
Other operating charges 640/8 €4,279 €4,524 +€245 +5.7%
Gross operating margin 9900 €8,267 €34,176 +€25,909 +313.4%
Operating profit (loss) 9901 -€8,761 €11,533 +€20,294
Financial charges 65/66B €49 €67 +€18 +37.1%
Recurring financial charges 65 €49 €67 +€18 +37.1%
Profit (loss) for the period before taxes 9903 -€8,810 €11,466 +€20,276
Income taxes 67/77 €91 €1,833 +€1,742 +1924.1%
Profit (loss) for the period 9904 -€8,900 €9,633 +€18,533
Profit (loss) for the period to be appropriated 9905 -€8,900 €9,633 +€18,533

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.