SARTOUR: 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.
SARTOUR
Largest movements
- Receivables within one year +€20,372
up €20,372 (+16.8%), from €121,458 to €141,830
of which Other amounts receivable: +€19,505
- Cash +€14,608
up €14,608 (+30.4%), from €48,008 to €62,616
mainly Net result for the year (+€58,207) and Tax, wage and social debts (+€12,587)
- Tangible fixed assets +€4,509
up €4,509 (+28.9%), from €15,588 to €20,097
of which Land and buildings: +€3,726
- Reserves +€37,977
up €37,977 (+105%), from €36,307 to €74,284
- Profit (loss) carried forward +€20,230
up €20,230, from -€20,230 to €0
- Debts after one year -€19,143
down €19,143 (-38.3%), from €49,955 to €30,813
- Current portion of long-term debt -€16,471
down €16,471 (-32.5%), from €50,651 to €34,179
- Tax, wage and social debts +€12,587
up €12,587 (+49.0%), from €25,670 to €38,257
of which Remuneration and social security: +€13,220
- Gross operating margin +€40,138
up €40,138 (+17.9%), from €223,668 to €263,805
- Staff costs +€26,544
up €26,544 (+17.1%), from €155,110 to €181,654
- Taxes +€11,060
up €11,060, from €0 to €11,060
- Financial charges -€6,111
down €6,111 (-47.9%), from €12,756 to €6,645
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 | €194,348 | €233,620 | +€39,272 | +20.2% |
| Fixed assets | 21/28 | €15,588 | €20,097 | +€4,509 | +28.9% |
| Tangible fixed assets | 22/27 | €15,588 | €20,097 | +€4,509 | +28.9% |
| Land and buildings | 22 | €2,457 | €6,183 | +€3,726 | +152% |
| Plant, machinery and equipment | 23 | €3,287 | €5,854 | +€2,568 | +78.1% |
| Furniture and vehicles | 24 | €9,845 | €8,060 | -€1,785 | -18.1% |
| Current assets | 29/58 | €178,760 | €213,523 | +€34,763 | +19.4% |
| Stocks and contracts in progress | 3 | €6,774 | €6,523 | -€250 | -3.7% |
| Stocks | 30/36 | €6,774 | €6,523 | -€250 | -3.7% |
| Amounts receivable within one year | 40/41 | €121,458 | €141,830 | +€20,372 | +16.8% |
| Trade receivables | 40 | €18,592 | €19,459 | +€867 | +4.7% |
| Other amounts receivable | 41 | €102,867 | €122,371 | +€19,505 | +19.0% |
| Cash at bank and in hand | 54/58 | €48,008 | €62,616 | +€14,608 | +30.4% |
| Deferred charges and accrued income | 490/1 | €2,520 | €2,553 | +€33 | +1.3% |
| Total equity and liabilities | 10/49 | €194,348 | €233,620 | +€39,272 | +20.2% |
| Equity | 10/15 | €28,476 | €86,684 | +€58,207 | +204% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €36,307 | €74,284 | +€37,977 | +105% |
| Distributable reserves | 133 | €36,307 | €74,284 | +€37,977 | +105% |
| Profit (loss) carried forward | 14 | -€20,230 | €0 | +€20,230 | |
| Amounts payable | 17/49 | €165,872 | €146,937 | -€18,935 | -11.4% |
| Amounts payable after more than one year | 17 | €49,955 | €30,813 | -€19,143 | -38.3% |
| Financial debts | 170/4 | €49,955 | €30,813 | -€19,143 | -38.3% |
| Amounts payable within one year | 42/48 | €114,583 | €116,124 | +€1,541 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €50,651 | €34,179 | -€16,471 | -32.5% |
| Financial debts | 43 | - | €29 | +€29 | |
| Credit institutions | 430/8 | - | €29 | +€29 | |
| Trade debts | 44 | €38,263 | €43,659 | +€5,396 | +14.1% |
| Suppliers | 440/4 | €38,263 | €43,659 | +€5,396 | +14.1% |
| Taxes, remuneration and social security | 45 | €25,670 | €38,257 | +€12,587 | +49.0% |
| Taxes | 450/3 | €11,694 | €11,061 | -€633 | -5.4% |
| Remuneration and social security | 454/9 | €13,976 | €27,197 | +€13,220 | +94.6% |
| Accrued charges and deferred income | 492/3 | €1,333 | €0 | -€1,333 | -100% |
| Remuneration, social security and pensions | 62 | €155,110 | €181,654 | +€26,544 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,469 | €6,152 | +€1,683 | +37.7% |
| Other operating charges | 640/8 | €2,906 | €4,452 | +€1,545 | +53.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €223,668 | €263,805 | +€40,138 | +17.9% |
| Operating profit (loss) | 9901 | €61,182 | €71,548 | +€10,365 | +16.9% |
| Financial income | 75/76B | €2,629 | €4,365 | +€1,735 | +66.0% |
| Recurring financial income | 75 | €2,629 | €4,365 | +€1,735 | +66.0% |
| Financial charges | 65/66B | €12,756 | €6,645 | -€6,111 | -47.9% |
| Recurring financial charges | 65 | €12,756 | €6,645 | -€6,111 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €51,056 | €69,267 | +€18,212 | +35.7% |
| Income taxes | 67/77 | €0 | €11,060 | +€11,060 | |
| Profit (loss) for the period | 9904 | €51,056 | €58,207 | +€7,152 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,056 | €58,207 | +€7,152 | +14.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.