TEAM SARCAL: 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.
TEAM SARCAL
Largest movements
- Tangible fixed assets +€826,209
up €826,209 (+2099.7%), from €39,349 to €865,557
- Financial fixed assets +€47,800
new in 2025: €47,800
- Deferred charges and accrued income +€39,451
up €39,451 (+2554.1%), from €1,545 to €40,996
- Receivables within one year +€12,876
up €12,876 (+1041.6%), from €1,236 to €14,112
of which Other amounts receivable: +€8,537
- Debts after one year +€853,580
new in 2025: €853,580
of which Financial debts: +€817,120
- Trade debts +€57,734
up €57,734 (+54723.8%), from €106 to €57,839
- Current portion of long-term debt +€46,173
new in 2025: €46,173
- Profit (loss) carried forward -€40,023
down €40,023 (-638.0%), from -€6,273 to -€46,295
- Financial charges +€17,358
up €17,358 (+3429.8%), from €506 to €17,864
- Gross operating margin -€15,716
down €15,716 (-305.7%), from -€5,141 to -€20,857
- Other operating charges +€440
up €440 (+102.2%), from €431 to €871
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 | €97,075 | €1,019,137 | +€922,062 | +949.8% |
| Formation expenses | 20 | €1,507 | €1,171 | -€336 | -22.3% |
| Fixed assets | 21/28 | €39,349 | €913,357 | +€874,009 | +2221.2% |
| Tangible fixed assets | 22/27 | €39,349 | €865,557 | +€826,209 | +2099.7% |
| Assets under construction and advance payments | 27 | €39,349 | €865,557 | +€826,209 | +2099.7% |
| Financial fixed assets | 28 | - | €47,800 | +€47,800 | |
| Current assets | 29/58 | €56,219 | €104,609 | +€48,390 | +86.1% |
| Stocks and contracts in progress | 3 | - | €4,263 | +€4,263 | |
| Stocks | 30/36 | - | €4,263 | +€4,263 | |
| Amounts receivable within one year | 40/41 | €1,236 | €14,112 | +€12,876 | +1041.6% |
| Trade receivables | 40 | - | €4,339 | +€4,339 | |
| Other amounts receivable | 41 | €1,236 | €9,773 | +€8,537 | +690.6% |
| Cash at bank and in hand | 54/58 | €53,439 | €45,238 | -€8,201 | -15.3% |
| Deferred charges and accrued income | 490/1 | €1,545 | €40,996 | +€39,451 | +2554.1% |
| Total equity and liabilities | 10/49 | €97,075 | €1,019,137 | +€922,062 | +949.8% |
| Equity | 10/15 | €93,727 | €53,705 | -€40,023 | -42.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,273 | -€46,295 | -€40,023 | -638.0% |
| Amounts payable | 17/49 | €3,348 | €965,433 | +€962,085 | +28738.2% |
| Amounts payable after more than one year | 17 | - | €853,580 | +€853,580 | |
| Financial debts | 170/4 | - | €817,120 | +€817,120 | |
| Trade debts | 175 | - | €36,460 | +€36,460 | |
| Amounts payable within one year | 42/48 | €193 | €111,848 | +€111,655 | +57945.4% |
| Current portion of amounts payable after more than one year | 42 | - | €46,173 | +€46,173 | |
| Trade debts | 44 | €106 | €57,839 | +€57,734 | +54723.8% |
| Suppliers | 440/4 | €106 | €57,839 | +€57,734 | +54723.8% |
| Taxes, remuneration and social security | 45 | €87 | €235 | +€148 | +169.9% |
| Taxes | 450/3 | €87 | €235 | +€148 | +169.9% |
| Other amounts payable | 47/48 | - | €7,600 | +€7,600 | |
| Accrued charges and deferred income | 492/3 | €3,155 | €5 | -€3,150 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173 | €336 | +€163 | +94.2% |
| Other operating charges | 640/8 | €431 | €871 | +€440 | +102.2% |
| Gross operating margin | 9900 | -€5,141 | -€20,857 | -€15,716 | -305.7% |
| Operating profit (loss) | 9901 | -€5,745 | -€22,064 | -€16,319 | -284.1% |
| Financial income | 75/76B | €17 | €58 | +€41 | +237.9% |
| Recurring financial income | 75 | €17 | €58 | +€41 | +237.9% |
| Financial charges | 65/66B | €506 | €17,864 | +€17,358 | +3429.8% |
| Recurring financial charges | 65 | €506 | €17,864 | +€17,358 | +3429.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,234 | -€39,870 | -€33,636 | -539.6% |
| Income taxes | 67/77 | €39 | €152 | +€113 | +291.8% |
| Profit (loss) for the period | 9904 | -€6,273 | -€40,023 | -€33,750 | -538.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,273 | -€40,023 | -€33,750 | -538.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.