SARTORIAA: 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.
SARTORIAA
Largest movements
- Receivables within one year -€68,958
down €68,958 (-80.4%), from €85,818 to €16,860
of which Trade receivables: -€73,125
- Cash -€29,110
down €29,110 (-88.4%), from €32,915 to €3,805
mainly Trade debts (-€54,875) and Net result for the year (-€46,051)
- Tangible fixed assets -€6,736
down €6,736 (-7.1%), from €94,989 to €88,253
of which Other tangible fixed assets: -€10,974
- Stocks and contracts +€5,348
up €5,348 (+4.8%), from €110,348 to €115,696
- Intangible fixed assets +€4,000
new in 2025: €4,000
- Trade debts -€54,875
down €54,875 (-34.0%), from €161,358 to €106,483
- Profit (loss) carried forward -€46,051
down €46,051 (-213%), from -€21,579 to -€67,630
- Other debts +€43,930
up €43,930 (+127%), from €34,589 to €78,518
- Current portion of long-term debt -€14,474
down €14,474 (-52.1%), from €27,782 to €13,308
- Debts after one year -€13,308
down €13,308 (-13.7%), from €97,136 to €83,828
- Gross operating margin -€44,167
down €44,167, from €24,846 to -€19,321
- Depreciation +€2,551
up €2,551 (+19.1%), from €13,370 to €15,921
- Financial charges +€1,338
up €1,338 (+29.7%), from €4,512 to €5,851
- Other operating charges +€257
up €257 (+5.3%), from €4,840 to €5,097
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 | €324,848 | €233,051 | -€91,797 | -28.3% |
| Formation expenses | 20 | €779 | €520 | -€259 | -33.2% |
| Fixed assets | 21/28 | €94,989 | €92,253 | -€2,736 | -2.9% |
| Intangible fixed assets | 21 | - | €4,000 | +€4,000 | |
| Tangible fixed assets | 22/27 | €94,989 | €88,253 | -€6,736 | -7.1% |
| Furniture and vehicles | 24 | €2,536 | €6,773 | +€4,238 | +167% |
| Other tangible fixed assets | 26 | €92,453 | €81,480 | -€10,974 | -11.9% |
| Current assets | 29/58 | €229,081 | €140,278 | -€88,803 | -38.8% |
| Stocks and contracts in progress | 3 | €110,348 | €115,696 | +€5,348 | +4.8% |
| Stocks | 30/36 | €110,348 | €115,696 | +€5,348 | +4.8% |
| Amounts receivable within one year | 40/41 | €85,818 | €16,860 | -€68,958 | -80.4% |
| Trade receivables | 40 | €85,818 | €12,692 | -€73,125 | -85.2% |
| Other amounts receivable | 41 | - | €4,168 | +€4,168 | |
| Cash at bank and in hand | 54/58 | €32,915 | €3,805 | -€29,110 | -88.4% |
| Deferred charges and accrued income | 490/1 | - | €3,917 | +€3,917 | |
| Total equity and liabilities | 10/49 | €324,848 | €233,051 | -€91,797 | -28.3% |
| Equity | 10/15 | -€6,579 | -€52,630 | -€46,051 | -700% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,579 | -€67,630 | -€46,051 | -213% |
| Amounts payable | 17/49 | €331,427 | €285,681 | -€45,747 | -13.8% |
| Amounts payable after more than one year | 17 | €97,136 | €83,828 | -€13,308 | -13.7% |
| Financial debts | 170/4 | €97,136 | €83,828 | -€13,308 | -13.7% |
| Amounts payable within one year | 42/48 | €234,291 | €201,853 | -€32,438 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €27,782 | €13,308 | -€14,474 | -52.1% |
| Financial debts | 43 | - | €3,543 | +€3,543 | |
| Credit institutions | 430/8 | - | €3,543 | +€3,543 | |
| Trade debts | 44 | €161,358 | €106,483 | -€54,875 | -34.0% |
| Suppliers | 440/4 | €161,358 | €106,483 | -€54,875 | -34.0% |
| Taxes, remuneration and social security | 45 | €10,563 | €0 | -€10,563 | -100% |
| Taxes | 450/3 | €10,563 | €0 | -€10,563 | -100% |
| Other amounts payable | 47/48 | €34,589 | €78,518 | +€43,930 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,370 | €15,921 | +€2,551 | +19.1% |
| Other operating charges | 640/8 | €4,840 | €5,097 | +€257 | +5.3% |
| Gross operating margin | 9900 | €24,846 | -€19,321 | -€44,167 | |
| Operating profit (loss) | 9901 | €6,636 | -€40,339 | -€46,975 | |
| Financial income | 75/76B | €81 | €139 | +€58 | +71.3% |
| Recurring financial income | 75 | €81 | €139 | +€58 | +71.3% |
| Financial charges | 65/66B | €4,512 | €5,851 | +€1,338 | +29.7% |
| Recurring financial charges | 65 | €4,512 | €5,851 | +€1,338 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €2,205 | -€46,051 | -€48,256 | |
| Profit (loss) for the period | 9904 | €2,205 | -€46,051 | -€48,256 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,205 | -€46,051 | -€48,256 |
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 19 October 2026 via checked.be.