SARYNA: what changed
SARYNA
Largest movements
- Receivables within one year +€457,633
up €457,633 (+104%), from €441,121 to €898,754
of which Trade receivables: +€450,441
- Stocks and contracts +€108,316
up €108,316, from €0 to €108,316
- Cash +€44,492
up €44,492 (+47.7%), from €93,300 to €137,792
mainly Net result for the year (+€311,236) and Trade debts (+€279,630)
- Receivables after one year +€28,586
new in 2025: €28,586
- Profit (loss) carried forward +€311,236
up €311,236 (+188%), from €165,612 to €476,848
- Trade debts +€279,630
up €279,630 (+92.4%), from €302,576 to €582,206
- Tax, wage and social debts +€77,045
up €77,045 (+210%), from €36,633 to €113,678
of which Taxes: +€83,005
- Current portion of long-term debt -€23,923
down €23,923 (-54.2%), from €44,162 to €20,239
- Debts after one year -€19,058
down €19,058 (-42.6%), from €44,747 to €25,689
- Gross operating margin +€374,895
up €374,895 (+324%), from €115,665 to €490,560
- Taxes +€96,650
up €96,650 (+628%), from €15,402 to €112,052
- Staff costs +€15,999
up €15,999 (+76.0%), from €21,063 to €37,062
- Depreciation +€11,218
up €11,218 (+68.2%), from €16,443 to €27,661
- Financial charges -€9,265
down €9,265 (-68.0%), from €13,618 to €4,353
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €604,945 | €1,234,678 | +€629,733 | +104% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €70,293 | €61,051 | -€9,242 | -13.1% |
| Tangible fixed assets | 22/27 | €66,093 | €56,851 | -€9,242 | -14.0% |
| Plant, machinery and equipment | 23 | €2,046 | €16,418 | +€14,372 | +702% |
| Furniture and vehicles | 24 | €64,047 | €40,433 | -€23,614 | -36.9% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €534,652 | €1,173,627 | +€638,975 | +120% |
| Amounts receivable after more than one year | 29 | - | €28,586 | +€28,586 | |
| Other amounts receivable | 291 | - | €28,586 | +€28,586 | |
| Stocks and contracts in progress | 3 | €0 | €108,316 | +€108,316 | |
| Stocks | 30/36 | €0 | €108,316 | +€108,316 | |
| Amounts receivable within one year | 40/41 | €441,121 | €898,754 | +€457,633 | +104% |
| Trade receivables | 40 | €325,644 | €776,085 | +€450,441 | +138% |
| Other amounts receivable | 41 | €115,477 | €122,669 | +€7,192 | +6.2% |
| Cash at bank and in hand | 54/58 | €93,300 | €137,792 | +€44,492 | +47.7% |
| Deferred charges and accrued income | 490/1 | €231 | €179 | -€52 | -22.5% |
| Total equity and liabilities | 10/49 | €604,945 | €1,234,678 | +€629,733 | +104% |
| Equity | 10/15 | €168,612 | €479,848 | +€311,236 | +185% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,612 | €476,848 | +€311,236 | +188% |
| Amounts payable | 17/49 | €436,333 | €754,830 | +€318,497 | +73.0% |
| Amounts payable after more than one year | 17 | €44,747 | €25,689 | -€19,058 | -42.6% |
| Financial debts | 170/4 | €44,747 | €25,689 | -€19,058 | -42.6% |
| Amounts payable within one year | 42/48 | €391,561 | €729,141 | +€337,580 | +86.2% |
| Current portion of amounts payable after more than one year | 42 | €44,162 | €20,239 | -€23,923 | -54.2% |
| Trade debts | 44 | €302,576 | €582,206 | +€279,630 | +92.4% |
| Suppliers | 440/4 | €302,576 | €582,206 | +€279,630 | +92.4% |
| Taxes, remuneration and social security | 45 | €36,633 | €113,678 | +€77,045 | +210% |
| Taxes | 450/3 | €29,047 | €112,052 | +€83,005 | +286% |
| Remuneration and social security | 454/9 | €7,586 | €1,626 | -€5,960 | -78.6% |
| Other amounts payable | 47/48 | €8,189 | €13,018 | +€4,829 | +59.0% |
| Accrued charges and deferred income | 492/3 | €25 | - | -€25 | |
| Non-recurring operating income | 76A | - | €17,385 | +€17,385 | |
| Remuneration, social security and pensions | 62 | €21,063 | €37,062 | +€15,999 | +76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,443 | €27,661 | +€11,218 | +68.2% |
| Other operating charges | 640/8 | €1,055 | €1,005 | -€50 | -4.7% |
| Gross operating margin | 9900 | €115,665 | €490,560 | +€374,895 | +324% |
| Operating profit (loss) | 9901 | €77,104 | €424,832 | +€347,728 | +451% |
| Financial income | 75/76B | €541 | €2,809 | +€2,268 | +419% |
| Recurring financial income | 75 | €541 | €2,809 | +€2,268 | +419% |
| Financial charges | 65/66B | €13,618 | €4,353 | -€9,265 | -68.0% |
| Recurring financial charges | 65 | €13,618 | €4,353 | -€9,265 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €64,027 | €423,288 | +€359,261 | +561% |
| Income taxes | 67/77 | €15,402 | €112,052 | +€96,650 | +628% |
| Profit (loss) for the period | 9904 | €48,625 | €311,236 | +€262,611 | +540% |
| Profit (loss) for the period to be appropriated | 9905 | €48,625 | €311,236 | +€262,611 | +540% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.