SARTOIT: what changed
SARTOIT
Largest movements
- Receivables within one year -€50,033
down €50,033 (-69.8%), from €71,713 to €21,680
of which Trade receivables: -€35,697
- Tangible fixed assets +€26,857
up €26,857 (+31.2%), from €86,184 to €113,041
of which Furniture and vehicles: +€38,092
- Cash +€6,081
up €6,081 (+5.8%), from €104,008 to €110,090
mainly Receivables within one year (+€50,033) and Depreciation (+€25,437)
- Trade debts -€11,396
down €11,396 (-26.3%), from €43,403 to €32,007
- Other debts -€8,289
down €8,289 (-15.3%), from €54,298 to €46,009
- Tax, wage and social debts +€8,091
up €8,091 (+86.7%), from €9,336 to €17,427
of which Taxes: +€5,591
- Debts after one year -€7,220
down €7,220 (-26.8%), from €26,894 to €19,674
- Profit (loss) carried forward +€4,189
up €4,189 (+4.0%), from €106,036 to €110,225
- Gross operating margin -€52,795
down €52,795 (-60.8%), from €86,873 to €34,078
- Financial charges -€9,211
down €9,211 (-87.0%), from €10,582 to €1,371
- Taxes -€8,259
down €8,259 (-88.5%), from €9,336 to €1,077
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €263,662 | €246,871 | -€16,790 | -6.4% |
| Fixed assets | 21/28 | €86,224 | €113,081 | +€26,857 | +31.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €86,184 | €113,041 | +€26,857 | +31.2% |
| Plant, machinery and equipment | 23 | €40,870 | €30,440 | -€10,430 | -25.5% |
| Furniture and vehicles | 24 | €32,320 | €70,412 | +€38,092 | +118% |
| Other tangible fixed assets | 26 | €12,994 | €12,188 | -€806 | -6.2% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €177,438 | €133,791 | -€43,647 | -24.6% |
| Stocks and contracts in progress | 3 | €800 | €800 | = | 0.0% |
| Stocks | 30/36 | €800 | €800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €71,713 | €21,680 | -€50,033 | -69.8% |
| Trade receivables | 40 | €47,062 | €11,366 | -€35,697 | -75.8% |
| Other amounts receivable | 41 | €24,650 | €10,314 | -€14,336 | -58.2% |
| Cash at bank and in hand | 54/58 | €104,008 | €110,090 | +€6,081 | +5.8% |
| Deferred charges and accrued income | 490/1 | €917 | €1,221 | +€305 | +33.2% |
| Total equity and liabilities | 10/49 | €263,662 | €246,871 | -€16,790 | -6.4% |
| Equity | 10/15 | €120,346 | €124,535 | +€4,189 | +3.5% |
| Contributions | 10/11 | €12,450 | €12,450 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,036 | €110,225 | +€4,189 | +4.0% |
| Amounts payable | 17/49 | €143,316 | €122,336 | -€20,979 | -14.6% |
| Amounts payable after more than one year | 17 | €26,894 | €19,674 | -€7,220 | -26.8% |
| Financial debts | 170/4 | €26,894 | €19,674 | -€7,220 | -26.8% |
| Amounts payable within one year | 42/48 | €116,422 | €102,663 | -€13,759 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €9,385 | €7,220 | -€2,165 | -23.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €43,403 | €32,007 | -€11,396 | -26.3% |
| Suppliers | 440/4 | €43,403 | €32,007 | -€11,396 | -26.3% |
| Taxes, remuneration and social security | 45 | €9,336 | €17,427 | +€8,091 | +86.7% |
| Taxes | 450/3 | €9,336 | €14,927 | +€5,591 | +59.9% |
| Remuneration and social security | 454/9 | €0 | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €54,298 | €46,009 | -€8,289 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,770 | €25,437 | +€668 | +2.7% |
| Other operating charges | 640/8 | €1,489 | €2,008 | +€518 | +34.8% |
| Gross operating margin | 9900 | €86,873 | €34,078 | -€52,795 | -60.8% |
| Operating profit (loss) | 9901 | €60,614 | €6,634 | -€53,981 | -89.1% |
| Financial income | 75/76B | €74 | €3 | -€71 | -96.3% |
| Recurring financial income | 75 | €74 | €3 | -€71 | -96.3% |
| Financial charges | 65/66B | €10,582 | €1,371 | -€9,211 | -87.0% |
| Recurring financial charges | 65 | €10,582 | €1,371 | -€9,211 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | €50,107 | €5,266 | -€44,841 | -89.5% |
| Income taxes | 67/77 | €9,336 | €1,077 | -€8,259 | -88.5% |
| Profit (loss) for the period | 9904 | €40,771 | €4,189 | -€36,582 | -89.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,771 | €4,189 | -€36,582 | -89.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.