Sartess: 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.
Sartess
Largest movements
- Tangible fixed assets -€11,729
down €11,729 (-39.9%), from €29,371 to €17,641
of which Leasing and similar rights: -€6,479
- Cash +€10,300
up €10,300 (+28.8%), from €35,750 to €46,049
mainly Depreciation (+€11,729) and Trade debts (+€8,078)
- Receivables within one year +€3,999
up €3,999 (+7.5%), from €53,404 to €57,403
of which Other amounts receivable: +€5,461
- Debts after one year -€11,718
down €11,718 (-56.3%), from €20,801 to €9,083
- Trade debts +€8,078
up €8,078 (+30.2%), from €26,780 to €34,858
- Reserves +€8,028
up €8,028 (+24.6%), from €32,632 to €40,660
of which Distributable reserves: +€8,028
- Current portion of long-term debt -€2,316
down €2,316 (-19.2%), from €12,070 to €9,754
- Other debts +€1,993
up €1,993 (+131%), from €1,517 to €3,510
- Gross operating margin +€11,397
up €11,397 (+60.4%), from €18,882 to €30,278
- Taxes +€3,704
up €3,704 (+219%), from €1,695 to €5,399
- Other operating charges -€1,494
down €1,494 (-77.0%), from €1,942 to €447
- Depreciation +€1,057
up €1,057 (+9.9%), from €10,672 to €11,729
- Financial charges -€1,010
down €1,010 (-43.0%), from €2,352 to €1,342
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,524 | €121,094 | +€2,570 | +2.2% |
| Fixed assets | 21/28 | €29,371 | €17,641 | -€11,729 | -39.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €29,371 | €17,641 | -€11,729 | -39.9% |
| Land and buildings | 22 | €14,062 | €10,862 | -€3,200 | -22.8% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €7,231 | €5,181 | -€2,050 | -28.3% |
| Leasing and similar rights | 25 | €8,077 | €1,598 | -€6,479 | -80.2% |
| Current assets | 29/58 | €89,154 | €103,453 | +€14,299 | +16.0% |
| Amounts receivable within one year | 40/41 | €53,404 | €57,403 | +€3,999 | +7.5% |
| Trade receivables | 40 | €53,402 | €51,940 | -€1,462 | -2.7% |
| Other amounts receivable | 41 | €2 | €5,463 | +€5,461 | +248,233% |
| Cash at bank and in hand | 54/58 | €35,750 | €46,049 | +€10,300 | +28.8% |
| Total equity and liabilities | 10/49 | €118,524 | €121,094 | +€2,570 | +2.2% |
| Equity | 10/15 | €51,232 | €59,260 | +€8,028 | +15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,632 | €40,660 | +€8,028 | +24.6% |
| Non-distributable reserves | 130/1 | €230 | €230 | = | 0.0% |
| Reserves not available under the articles | 1311 | €230 | €230 | = | 0.0% |
| Distributable reserves | 133 | €32,401 | €40,429 | +€8,028 | +24.8% |
| Amounts payable | 17/49 | €67,293 | €61,834 | -€5,458 | -8.1% |
| Amounts payable after more than one year | 17 | €20,801 | €9,083 | -€11,718 | -56.3% |
| Financial debts | 170/4 | €20,801 | €9,083 | -€11,718 | -56.3% |
| Amounts payable within one year | 42/48 | €46,492 | €52,751 | +€6,259 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €12,070 | €9,754 | -€2,316 | -19.2% |
| Trade debts | 44 | €26,780 | €34,858 | +€8,078 | +30.2% |
| Suppliers | 440/4 | €26,780 | €34,858 | +€8,078 | +30.2% |
| Taxes, remuneration and social security | 45 | €6,126 | €4,629 | -€1,496 | -24.4% |
| Taxes | 450/3 | €6,126 | €4,441 | -€1,684 | -27.5% |
| Remuneration and social security | 454/9 | - | €188 | +€188 | |
| Other amounts payable | 47/48 | €1,517 | €3,510 | +€1,993 | +131% |
| Remuneration, social security and pensions | 62 | €2,639 | €3,535 | +€896 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,672 | €11,729 | +€1,057 | +9.9% |
| Other operating charges | 640/8 | €1,942 | €447 | -€1,494 | -77.0% |
| Gross operating margin | 9900 | €18,882 | €30,278 | +€11,397 | +60.4% |
| Operating profit (loss) | 9901 | €3,629 | €14,567 | +€10,938 | +301% |
| Financial income | 75/76B | €539 | €202 | -€337 | -62.6% |
| Recurring financial income | 75 | €539 | €202 | -€337 | -62.6% |
| Financial charges | 65/66B | €2,352 | €1,342 | -€1,010 | -43.0% |
| Recurring financial charges | 65 | €2,352 | €1,342 | -€1,010 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €1,816 | €13,427 | +€11,611 | +639% |
| Income taxes | 67/77 | €1,695 | €5,399 | +€3,704 | +219% |
| Profit (loss) for the period | 9904 | €121 | €8,028 | +€7,907 | +6,540% |
| Profit (loss) for the period to be appropriated | 9905 | €121 | €8,028 | +€7,907 | +6,540% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.