SARTORI: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
SARTORI
Largest movements
- Cash -€68,933
down €68,933 (-69.8%), from €98,818 to €29,885
mainly Current investments (-€59,529) and Stocks and contracts (-€15,000)
- Current investments +€59,529
up €59,529 (+8.5%), from €701,000 to €760,529
- Stocks and contracts +€15,000
new in 2025: €15,000
- Reserves +€11,000
up €11,000 (+2.1%), from €535,625 to €546,625
of which Distributable reserves: +€11,000
- Other debts -€9,049
down €9,049 (-67.5%), from €13,411 to €4,362
- Financial income -€419,285
down €419,285 (-94.3%), from €444,531 to €25,246
of which Non-recurring financial income: -€435,676
- Gross operating margin -€59,700
down €59,700 (-93.0%), from €64,183 to €4,483
- Taxes -€32,700
down €32,700 (-81.7%), from €40,018 to €7,318
- Staff costs -€13,766
down €13,766 (-93.9%), from €14,665 to €899
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 | €832,921 | €831,531 | -€1,391 | -0.2% |
| Fixed assets | 21/28 | €21,291 | €13,436 | -€7,855 | -36.9% |
| Tangible fixed assets | 22/27 | €21,291 | €13,436 | -€7,855 | -36.9% |
| Leasing and similar rights | 25 | €12,920 | €6,460 | -€6,460 | -50.0% |
| Other tangible fixed assets | 26 | €8,371 | €6,976 | -€1,395 | -16.7% |
| Current assets | 29/58 | €811,631 | €818,095 | +€6,465 | +0.8% |
| Stocks and contracts in progress | 3 | - | €15,000 | +€15,000 | |
| Contracts in progress | 37 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €7,310 | €8,791 | +€1,482 | +20.3% |
| Trade receivables | 40 | €4,930 | €4,749 | -€181 | -3.7% |
| Other amounts receivable | 41 | €2,380 | €4,042 | +€1,663 | +69.9% |
| Current investments | 50/53 | €701,000 | €760,529 | +€59,529 | +8.5% |
| Cash at bank and in hand | 54/58 | €98,818 | €29,885 | -€68,933 | -69.8% |
| Deferred charges and accrued income | 490/1 | €4,503 | €3,890 | -€613 | -13.6% |
| Total equity and liabilities | 10/49 | €832,921 | €831,531 | -€1,391 | -0.2% |
| Equity | 10/15 | €714,048 | €726,222 | +€12,173 | +1.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €535,625 | €546,625 | +€11,000 | +2.1% |
| Tax-exempt reserves | 132 | €283,825 | €283,825 | = | 0.0% |
| Distributable reserves | 133 | €251,800 | €262,800 | +€11,000 | +4.4% |
| Profit (loss) carried forward | 14 | €158,423 | €159,596 | +€1,173 | +0.7% |
| Provisions and deferred taxes | 16 | €88,358 | €88,358 | = | 0.0% |
| Deferred taxes | 168 | €88,358 | €88,358 | = | 0.0% |
| Amounts payable | 17/49 | €30,515 | €16,951 | -€13,564 | -44.5% |
| Amounts payable after more than one year | 17 | €6,460 | - | -€6,460 | |
| Financial debts | 170/4 | €6,460 | - | -€6,460 | |
| Amounts payable within one year | 42/48 | €23,463 | €16,951 | -€6,512 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €6,460 | €6,460 | = | 0.0% |
| Trade debts | 44 | €1,073 | €4,629 | +€3,556 | +331% |
| Suppliers | 440/4 | €1,073 | €4,629 | +€3,556 | +331% |
| Taxes, remuneration and social security | 45 | €2,519 | €1,500 | -€1,019 | -40.4% |
| Taxes | 450/3 | €2,000 | - | -€2,000 | |
| Remuneration and social security | 454/9 | €519 | €1,500 | +€981 | +189% |
| Other amounts payable | 47/48 | €13,411 | €4,362 | -€9,049 | -67.5% |
| Accrued charges and deferred income | 492/3 | €592 | - | -€592 | |
| Remuneration, social security and pensions | 62 | €14,665 | €899 | -€13,766 | -93.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,855 | €7,855 | = | 0.0% |
| Other operating charges | 640/8 | €1,178 | €1,153 | -€26 | -2.2% |
| Gross operating margin | 9900 | €64,183 | €4,483 | -€59,700 | -93.0% |
| Operating profit (loss) | 9901 | €40,484 | -€5,424 | -€45,908 | |
| Financial income | 75/76B | €444,531 | €25,246 | -€419,285 | -94.3% |
| Recurring financial income | 75 | €8,856 | €25,246 | +€16,390 | +185% |
| Non-recurring financial income | 76B | €435,676 | - | -€435,676 | |
| Financial charges | 65/66B | €955 | €330 | -€625 | -65.4% |
| Recurring financial charges | 65 | €955 | €330 | -€625 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €484,060 | €19,491 | -€464,568 | -96.0% |
| Transfer to deferred taxes | 680 | €88,358 | - | -€88,358 | |
| Income taxes | 67/77 | €40,018 | €7,318 | -€32,700 | -81.7% |
| Profit (loss) for the period | 9904 | €355,684 | €12,173 | -€343,510 | -96.6% |
| Transfer to tax-exempt reserves | 689 | €265,075 | - | -€265,075 | |
| Profit (loss) for the period to be appropriated | 9905 | €90,608 | €12,173 | -€78,435 | -86.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.