Saryam: 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.
Saryam
Largest movements
- Current investments -€64,942
down €64,942 (-99.9%), from €65,000 to €58
- Tangible fixed assets -€42,154
down €42,154 (-9.5%), from €441,871 to €399,717
of which Plant, machinery and equipment: -€38,684
- Cash +€8,063
up €8,063 (+74.9%), from €10,761 to €18,824
mainly Contributions, distributions and other (+€70,729) and Current investments (+€64,942)
- Debts after one year -€49,645
down €49,645 (-24.1%), from €206,405 to €156,760
- Other debts -€26,729
down €26,729 (-14.2%), from €187,594 to €160,864
- Reserves -€11,183
down €11,183 (-7.7%), from €145,769 to €134,586
of which Tax-exempt reserves: -€11,183
- Profit (loss) carried forward -€7,699
down €7,699 (-3.4%), from -€226,160 to -€233,859
- Provisions -€5,759
down €5,759 (-7.9%), from €72,558 to €66,799
- Gross operating margin -€146,054
down €146,054, from €114,711 to -€31,343
- Other operating charges +€4,968
up €4,968 (+76.4%), from €6,501 to €11,469
- Financial charges -€3,817
down €3,817 (-26.4%), from €14,463 to €10,646
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 | €517,632 | €418,598 | -€99,034 | -19.1% |
| Fixed assets | 21/28 | €441,871 | €399,717 | -€42,154 | -9.5% |
| Tangible fixed assets | 22/27 | €441,871 | €399,717 | -€42,154 | -9.5% |
| Land and buildings | 22 | €41,320 | €37,850 | -€3,471 | -8.4% |
| Plant, machinery and equipment | 23 | €400,551 | €361,867 | -€38,684 | -9.7% |
| Current assets | 29/58 | €75,761 | €18,881 | -€56,879 | -75.1% |
| Current investments | 50/53 | €65,000 | €58 | -€64,942 | -99.9% |
| Cash at bank and in hand | 54/58 | €10,761 | €18,824 | +€8,063 | +74.9% |
| Total equity and liabilities | 10/49 | €517,632 | €418,598 | -€99,034 | -19.1% |
| Equity | 10/15 | -€2,391 | -€21,273 | -€18,882 | -790% |
| Contributions | 10/11 | €78,000 | €78,000 | = | 0.0% |
| Capital | 10 | €78,000 | €78,000 | = | 0.0% |
| Issued capital | 100 | €78,000 | €78,000 | = | 0.0% |
| Reserves | 13 | €145,769 | €134,586 | -€11,183 | -7.7% |
| Non-distributable reserves | 130/1 | €1,636 | €1,636 | = | 0.0% |
| Legal reserve | 130 | €1,636 | €1,636 | = | 0.0% |
| Tax-exempt reserves | 132 | €140,911 | €129,727 | -€11,183 | -7.9% |
| Distributable reserves | 133 | €3,223 | €3,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€226,160 | -€233,859 | -€7,699 | -3.4% |
| Provisions and deferred taxes | 16 | €72,558 | €66,799 | -€5,759 | -7.9% |
| Deferred taxes | 168 | €72,558 | €66,799 | -€5,759 | -7.9% |
| Amounts payable | 17/49 | €447,465 | €373,072 | -€74,393 | -16.6% |
| Amounts payable after more than one year | 17 | €206,405 | €156,760 | -€49,645 | -24.1% |
| Financial debts | 170/4 | €206,405 | €156,760 | -€49,645 | -24.1% |
| Amounts payable within one year | 42/48 | €241,060 | €216,312 | -€24,748 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €47,876 | €49,645 | +€1,769 | +3.7% |
| Trade debts | 44 | €5,590 | €5,803 | +€212 | +3.8% |
| Suppliers | 440/4 | €5,590 | €5,803 | +€212 | +3.8% |
| Other amounts payable | 47/48 | €187,594 | €160,864 | -€26,729 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,154 | €42,154 | +€0 | 0.0% |
| Other operating charges | 640/8 | €6,501 | €11,469 | +€4,968 | +76.4% |
| Gross operating margin | 9900 | €114,711 | -€31,343 | -€146,054 | |
| Operating profit (loss) | 9901 | €66,056 | -€84,966 | -€151,022 | |
| Financial income | 75/76B | €275 | €346 | +€71 | +25.8% |
| Recurring financial income | 75 | €275 | €346 | +€71 | +25.8% |
| Financial charges | 65/66B | €14,463 | €10,646 | -€3,817 | -26.4% |
| Recurring financial charges | 65 | €14,463 | €10,646 | -€3,817 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €51,868 | -€95,266 | -€147,134 | |
| Transfer from deferred taxes | 780 | €5,759 | €5,759 | = | 0.0% |
| Income taxes | 67/77 | €83 | €104 | +€21 | +25.8% |
| Profit (loss) for the period | 9904 | €57,544 | -€89,611 | -€147,155 | |
| Transfer from tax-exempt reserves | 789 | €11,183 | €11,183 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,727 | -€78,428 | -€147,155 |
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 15 October 2026 via checked.be.