SARU: what changed
Two fiscal 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.
SARU
Largest movements
- Cash +€3,956
up €3,956 (+116.6%), from €3,392 to €7,348
mainly Net result for the year (+€11,317) and Trade debts (+€1,980)
- Receivables within one year +€2,352
up €2,352 (+2.0%), from €119,799 to €122,151
of which Other amounts receivable: +€2,352
- Deferred charges and accrued income -€1,950
down €1,950 (-100.0%), from €1,950 to €0
- Reserves +€11,317
up €11,317 (+40.7%), from €27,811 to €39,128
- Current portion of long-term debt -€8,931
down €8,931 (-76.8%), from €11,630 to €2,700
- Trade debts +€1,980
up €1,980 (+73.0%), from €2,712 to €4,692
- Gross operating margin +€3,620
up €3,620 (+23.4%), from €15,457 to €19,077
- Taxes -€1,554
down €1,554 (-23.9%), from €6,499 to €4,945
- Financial charges -€1,191
down €1,191 (-35.1%), from €3,395 to €2,204
- Financial income -€781
down €781 (-85.8%), from €910 to €129
- Other operating charges +€235
up €235 (+46.5%), from €505 to €739
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.
Cash bridge derived
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 | €125,142 | €129,499 | +€4,358 | +3.5% |
| Current assets | 29/58 | €125,142 | €129,499 | +€4,358 | +3.5% |
| Amounts receivable within one year | 40/41 | €119,799 | €122,151 | +€2,352 | +2.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €119,799 | €122,151 | +€2,352 | +2.0% |
| Cash at bank and in hand | 54/58 | €3,392 | €7,348 | +€3,956 | +116.6% |
| Deferred charges and accrued income | 490/1 | €1,950 | €0 | -€1,950 | -100.0% |
| Total equity and liabilities | 10/49 | €125,142 | €129,499 | +€4,358 | +3.5% |
| Equity | 10/15 | €110,543 | €121,860 | +€11,317 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,811 | €39,128 | +€11,317 | +40.7% |
| Distributable reserves | 133 | €27,811 | €39,128 | +€11,317 | +40.7% |
| Profit (loss) carried forward | 14 | €64,132 | €64,132 | = | 0.0% |
| Amounts payable | 17/49 | €14,599 | €7,639 | -€6,960 | -47.7% |
| Amounts payable within one year | 42/48 | €14,599 | €7,639 | -€6,960 | -47.7% |
| Current portion of amounts payable after more than one year | 42 | €11,630 | €2,700 | -€8,931 | -76.8% |
| Trade debts | 44 | €2,712 | €4,692 | +€1,980 | +73.0% |
| Suppliers | 440/4 | €2,712 | €4,692 | +€1,980 | +73.0% |
| Taxes, remuneration and social security | 45 | €256 | €247 | -€9 | -3.5% |
| Taxes | 450/3 | €256 | €247 | -€9 | -3.5% |
| Non-recurring operating income | 76A | €1,472 | €1,864 | +€392 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €505 | €739 | +€235 | +46.5% |
| Non-recurring operating charges | 66A | €1,700 | €0 | -€1,700 | -100.0% |
| Gross operating margin | 9900 | €15,457 | €19,077 | +€3,620 | +23.4% |
| Operating profit (loss) | 9901 | €13,252 | €18,337 | +€5,085 | +38.4% |
| Financial income | 75/76B | €910 | €129 | -€781 | -85.8% |
| Recurring financial income | 75 | €910 | €129 | -€781 | -85.8% |
| Financial charges | 65/66B | €3,395 | €2,204 | -€1,191 | -35.1% |
| Recurring financial charges | 65 | €3,395 | €2,204 | -€1,191 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €10,767 | €16,262 | +€5,495 | +51.0% |
| Income taxes | 67/77 | €6,499 | €4,945 | -€1,554 | -23.9% |
| Profit (loss) for the period | 9904 | €4,269 | €11,317 | +€7,049 | +165.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,269 | €11,317 | +€7,049 | +165.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.