SJARELMANS: 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.
SJARELMANS
Largest movements
- Cash -€25,627
down €25,627 (-55.4%), from €46,228 to €20,602
mainly Other debts (-€32,933) and Contributions, distributions and other (-€10,361)
- Receivables within one year -€18,467
down €18,467 (-50.4%), from €36,657 to €18,190
of which Trade receivables: -€18,906
- Tangible fixed assets +€3,166
up €3,166 (+44.4%), from €7,128 to €10,294
of which Furniture and vehicles: +€2,887
- Other debts -€32,933
down €32,933 (-74.4%), from €44,251 to €11,318
- Tax, wage and social debts -€9,170
down €9,170 (-70.9%), from €12,928 to €3,758
of which Taxes: -€7,170
- Gross operating margin -€4,560
down €4,560 (-11.2%), from €40,558 to €35,999
- Depreciation +€1,483
up €1,483 (+51.5%), from €2,881 to €4,364
- Taxes -€1,012
down €1,012 (-18.2%), from €5,573 to €4,560
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 | €92,633 | €51,032 | -€41,602 | -44.9% |
| Fixed assets | 21/28 | €7,128 | €10,294 | +€3,166 | +44.4% |
| Tangible fixed assets | 22/27 | €7,128 | €10,294 | +€3,166 | +44.4% |
| Plant, machinery and equipment | 23 | €462 | €741 | +€279 | +60.4% |
| Furniture and vehicles | 24 | €6,665 | €9,553 | +€2,887 | +43.3% |
| Current assets | 29/58 | €85,506 | €40,738 | -€44,768 | -52.4% |
| Amounts receivable within one year | 40/41 | €36,657 | €18,190 | -€18,467 | -50.4% |
| Trade receivables | 40 | €36,657 | €17,751 | -€18,906 | -51.6% |
| Other amounts receivable | 41 | €0 | €440 | +€440 | |
| Cash at bank and in hand | 54/58 | €46,228 | €20,602 | -€25,627 | -55.4% |
| Deferred charges and accrued income | 490/1 | €2,620 | €1,946 | -€674 | -25.7% |
| Total equity and liabilities | 10/49 | €92,633 | €51,032 | -€41,602 | -44.9% |
| Equity | 10/15 | €35,317 | €35,317 | = | 0.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €33,817 | €33,817 | = | 0.0% |
| Distributable reserves | 133 | €33,817 | €33,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €57,317 | €15,715 | -€41,602 | -72.6% |
| Amounts payable within one year | 42/48 | €57,317 | €15,715 | -€41,602 | -72.6% |
| Trade debts | 44 | €138 | €639 | +€501 | +364% |
| Suppliers | 440/4 | €138 | €639 | +€501 | +364% |
| Taxes, remuneration and social security | 45 | €12,928 | €3,758 | -€9,170 | -70.9% |
| Taxes | 450/3 | €10,928 | €3,758 | -€7,170 | -65.6% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €44,251 | €11,318 | -€32,933 | -74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,881 | €4,364 | +€1,483 | +51.5% |
| Other operating charges | 640/8 | €16,547 | €16,547 | -€0 | 0.0% |
| Gross operating margin | 9900 | €40,558 | €35,999 | -€4,560 | -11.2% |
| Operating profit (loss) | 9901 | €21,130 | €15,088 | -€6,042 | -28.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €128 | €167 | +€39 | +30.6% |
| Recurring financial charges | 65 | €128 | €167 | +€39 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €21,002 | €14,921 | -€6,081 | -29.0% |
| Income taxes | 67/77 | €5,573 | €4,560 | -€1,012 | -18.2% |
| Profit (loss) for the period | 9904 | €15,430 | €10,361 | -€5,069 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,430 | €10,361 | -€5,069 | -32.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.