SARUSA: 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.
SARUSA
Largest movements
- Tangible fixed assets +€23,863
up €23,863 (+9.6%), from €248,875 to €272,739
of which Furniture and vehicles: +€36,601
- Current investments -€14,076
down €14,076 (-34.8%), from €40,465 to €26,388
- Cash -€10,373
down €10,373 (-35.2%), from €29,508 to €19,135
mainly Investment in fixed assets (net) (-€42,013) and Accrued charges and deferred income (-€3,298)
- Profit (loss) carried forward +€4,366
up €4,366 (+12.5%), from -€34,973 to -€30,607
- Accrued charges and deferred income -€3,298
down €3,298 (-36.9%), from €8,950 to €5,652
- Financial charges -€5,143
down €5,143, from €4,636 to -€508
- Gross operating margin +€4,225
up €4,225 (+27.2%), from €15,539 to €19,764
- Depreciation +€2,022
up €2,022 (+12.5%), from €16,128 to €18,150
- Other operating charges -€1,313
down €1,313 (-27.0%), from €4,859 to €3,545
- Financial income -€366
down €366 (-5.6%), from €6,546 to €6,180
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 | €322,047 | €322,324 | +€277 | +0.1% |
| Fixed assets | 21/28 | €248,875 | €272,739 | +€23,863 | +9.6% |
| Tangible fixed assets | 22/27 | €248,875 | €272,739 | +€23,863 | +9.6% |
| Land and buildings | 22 | €244,980 | €228,852 | -€16,128 | -6.6% |
| Plant, machinery and equipment | 23 | - | €3,390 | +€3,390 | |
| Furniture and vehicles | 24 | €3,896 | €40,497 | +€36,601 | +939.6% |
| Current assets | 29/58 | €73,171 | €49,585 | -€23,586 | -32.2% |
| Amounts receivable within one year | 40/41 | €2,298 | €2,999 | +€701 | +30.5% |
| Other amounts receivable | 41 | €2,298 | €2,999 | +€701 | +30.5% |
| Current investments | 50/53 | €40,465 | €26,388 | -€14,076 | -34.8% |
| Cash at bank and in hand | 54/58 | €29,508 | €19,135 | -€10,373 | -35.2% |
| Deferred charges and accrued income | 490/1 | €901 | €1,062 | +€161 | +17.9% |
| Total equity and liabilities | 10/49 | €322,047 | €322,324 | +€277 | +0.1% |
| Equity | 10/15 | €310,913 | €315,280 | +€4,366 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327,287 | €327,287 | = | 0.0% |
| Distributable reserves | 133 | €327,287 | €327,287 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,973 | -€30,607 | +€4,366 | +12.5% |
| Amounts payable | 17/49 | €11,133 | €7,044 | -€4,089 | -36.7% |
| Amounts payable within one year | 42/48 | €2,183 | €1,392 | -€791 | -36.2% |
| Trade debts | 44 | €1,491 | €472 | -€1,019 | -68.3% |
| Suppliers | 440/4 | €1,491 | €472 | -€1,019 | -68.3% |
| Taxes, remuneration and social security | 45 | €292 | €720 | +€428 | +146.8% |
| Taxes | 450/3 | €292 | €720 | +€428 | +146.8% |
| Other amounts payable | 47/48 | €400 | €200 | -€200 | -50.0% |
| Accrued charges and deferred income | 492/3 | €8,950 | €5,652 | -€3,298 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,128 | €18,150 | +€2,022 | +12.5% |
| Other operating charges | 640/8 | €4,859 | €3,545 | -€1,313 | -27.0% |
| Gross operating margin | 9900 | €15,539 | €19,764 | +€4,225 | +27.2% |
| Operating profit (loss) | 9901 | -€5,448 | -€1,931 | +€3,516 | +64.5% |
| Financial income | 75/76B | €6,546 | €6,180 | -€366 | -5.6% |
| Recurring financial income | 75 | €6,546 | €6,180 | -€366 | -5.6% |
| Financial charges | 65/66B | €4,636 | -€508 | -€5,143 | |
| Recurring financial charges | 65 | €4,636 | -€508 | -€5,143 | |
| Profit (loss) for the period before taxes | 9903 | -€3,537 | €4,756 | +€8,294 | |
| Income taxes | 67/77 | €405 | €390 | -€15 | -3.6% |
| Profit (loss) for the period | 9904 | -€3,942 | €4,366 | +€8,308 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,942 | €4,366 | +€8,308 |
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 8 October 2026 via checked.be.