SAURON CAPITAL: 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.
SAURON CAPITAL
Largest movements
- Cash -€10,429
down €10,429 (-24.8%), from €42,022 to €31,593
mainly Debts after one year (-€9,602) and Tax, wage and social debts (-€8,158)
- Tangible fixed assets -€8,905
down €8,905 (-21.7%), from €40,954 to €32,049
- Receivables within one year +€1,606
up €1,606 (+42.3%), from €3,797 to €5,403
of which Trade receivables: +€1,312
- Debts after one year -€9,602
down €9,602 (-36.3%), from €26,484 to €16,882
- Tax, wage and social debts -€8,158
down €8,158 (-98.4%), from €8,290 to €132
- Reserves -€2,636
down €2,636 (-9.3%), from €28,435 to €25,799
- Other debts +€2,384
up €2,384 (+29.9%), from €7,980 to €10,364
- Gross operating margin -€28,912
down €28,912 (-75.7%), from €38,215 to €9,302
- Taxes -€6,327
down €6,327 (-98.0%), from €6,459 to €132
- Depreciation +€5,335
up €5,335 (+149%), from €3,569 to €8,905
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 | €87,857 | €70,119 | -€17,738 | -20.2% |
| Fixed assets | 21/28 | €40,954 | €32,049 | -€8,905 | -21.7% |
| Tangible fixed assets | 22/27 | €40,954 | €32,049 | -€8,905 | -21.7% |
| Furniture and vehicles | 24 | €40,954 | €32,049 | -€8,905 | -21.7% |
| Current assets | 29/58 | €46,903 | €38,070 | -€8,833 | -18.8% |
| Amounts receivable within one year | 40/41 | €3,797 | €5,403 | +€1,606 | +42.3% |
| Trade receivables | 40 | €3,000 | €4,312 | +€1,312 | +43.7% |
| Other amounts receivable | 41 | €797 | €1,091 | +€294 | +36.8% |
| Cash at bank and in hand | 54/58 | €42,022 | €31,593 | -€10,429 | -24.8% |
| Deferred charges and accrued income | 490/1 | €1,084 | €1,074 | -€9 | -0.9% |
| Total equity and liabilities | 10/49 | €87,857 | €70,119 | -€17,738 | -20.2% |
| Equity | 10/15 | €33,435 | €30,799 | -€2,636 | -7.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,435 | €25,799 | -€2,636 | -9.3% |
| Distributable reserves | 133 | €28,435 | €25,799 | -€2,636 | -9.3% |
| Amounts payable | 17/49 | €54,422 | €39,321 | -€15,102 | -27.7% |
| Amounts payable after more than one year | 17 | €26,484 | €16,882 | -€9,602 | -36.3% |
| Financial debts | 170/4 | €26,484 | €16,882 | -€9,602 | -36.3% |
| Amounts payable within one year | 42/48 | €27,938 | €22,439 | -€5,500 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €9,226 | €9,602 | +€377 | +4.1% |
| Trade debts | 44 | €2,443 | €2,341 | -€102 | -4.2% |
| Suppliers | 440/4 | €2,443 | €2,341 | -€102 | -4.2% |
| Taxes, remuneration and social security | 45 | €8,290 | €132 | -€8,158 | -98.4% |
| Taxes | 450/3 | €8,290 | €132 | -€8,158 | -98.4% |
| Other amounts payable | 47/48 | €7,980 | €10,364 | +€2,384 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,569 | €8,905 | +€5,335 | +149% |
| Other operating charges | 640/8 | €170 | €462 | +€292 | +172% |
| Gross operating margin | 9900 | €38,215 | €9,302 | -€28,912 | -75.7% |
| Operating profit (loss) | 9901 | €34,475 | -€64 | -€34,539 | |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €2,494 | €2,448 | -€46 | -1.9% |
| Recurring financial charges | 65 | €2,494 | €2,448 | -€46 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €31,982 | -€2,504 | -€34,486 | |
| Income taxes | 67/77 | €6,459 | €132 | -€6,327 | -98.0% |
| Profit (loss) for the period | 9904 | €25,523 | -€2,636 | -€28,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,523 | -€2,636 | -€28,159 |
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 20 October 2026 via checked.be.