SASAR: 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.
SASAR
Largest movements
- Receivables within one year -€14,909
down €14,909 (-27.5%), from €54,144 to €39,235
of which Trade receivables: -€12,077
- Deferred charges and accrued income +€2,496
new in 2025: €2,496
- Current investments +€2,200
up €2,200 (+37.9%), from €5,800 to €8,000
- Cash -€1,589
down €1,589 (-23.4%), from €6,785 to €5,196
mainly Net result for the year (-€8,651) and Other debts (-€4,038)
- Profit (loss) carried forward -€8,651
down €8,651 (-38.4%), from €22,548 to €13,897
- Other debts -€4,038
down €4,038 (-24.5%), from €16,462 to €12,424
- Tax, wage and social debts +€887
up €887 (+4.3%), from €20,520 to €21,407
of which Remuneration and social security: +€498
- Gross operating margin -€14,913
down €14,913 (-43.8%), from €34,016 to €19,103
- Taxes -€4,270
down €4,270, from €39 to -€4,231
- Financial charges +€1,741
up €1,741 (+90.6%), from €1,921 to €3,662
- Depreciation -€801
down €801 (-100.0%), from €801 to €0
- Staff costs -€526
down €526 (-1.8%), from €28,552 to €28,025
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 | €66,729 | €54,927 | -€11,802 | -17.7% |
| Fixed assets | 21/28 | €0 | - | -€0 | |
| Tangible fixed assets | 22/27 | €0 | - | -€0 | |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €0 | - | -€0 | |
| Current assets | 29/58 | €66,729 | €54,927 | -€11,802 | -17.7% |
| Amounts receivable within one year | 40/41 | €54,144 | €39,235 | -€14,909 | -27.5% |
| Trade receivables | 40 | €49,508 | €37,430 | -€12,077 | -24.4% |
| Other amounts receivable | 41 | €4,637 | €1,805 | -€2,832 | -61.1% |
| Current investments | 50/53 | €5,800 | €8,000 | +€2,200 | +37.9% |
| Cash at bank and in hand | 54/58 | €6,785 | €5,196 | -€1,589 | -23.4% |
| Deferred charges and accrued income | 490/1 | - | €2,496 | +€2,496 | |
| Total equity and liabilities | 10/49 | €66,729 | €54,927 | -€11,802 | -17.7% |
| Equity | 10/15 | €29,748 | €21,097 | -€8,651 | -29.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Legal reserve | 130 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,548 | €13,897 | -€8,651 | -38.4% |
| Amounts payable | 17/49 | €36,982 | €33,831 | -€3,151 | -8.5% |
| Amounts payable within one year | 42/48 | €36,982 | €33,831 | -€3,151 | -8.5% |
| Taxes, remuneration and social security | 45 | €20,520 | €21,407 | +€887 | +4.3% |
| Taxes | 450/3 | €3,404 | €3,794 | +€389 | +11.4% |
| Remuneration and social security | 454/9 | €17,115 | €17,613 | +€498 | +2.9% |
| Other amounts payable | 47/48 | €16,462 | €12,424 | -€4,038 | -24.5% |
| Remuneration, social security and pensions | 62 | €28,552 | €28,025 | -€526 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €801 | €0 | -€801 | -100.0% |
| Other operating charges | 640/8 | €639 | €521 | -€119 | -18.6% |
| Gross operating margin | 9900 | €34,016 | €19,103 | -€14,913 | -43.8% |
| Operating profit (loss) | 9901 | €4,024 | -€9,443 | -€13,467 | |
| Financial income | 75/76B | €28 | €223 | +€194 | +685.1% |
| Recurring financial income | 75 | €28 | €223 | +€194 | +685.1% |
| Financial charges | 65/66B | €1,921 | €3,662 | +€1,741 | +90.6% |
| Recurring financial charges | 65 | €1,921 | €3,662 | +€1,741 | +90.6% |
| Profit (loss) for the period before taxes | 9903 | €2,131 | -€12,882 | -€15,014 | |
| Income taxes | 67/77 | €39 | -€4,231 | -€4,270 | |
| Profit (loss) for the period | 9904 | €2,092 | -€8,651 | -€10,743 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,092 | -€8,651 | -€10,743 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.