SARAN: what changed
SARAN
Largest movements
- Cash -€190,641
down €190,641 (-86.9%), from €219,405 to €28,764
mainly Other debts (-€169,766) and Deferred charges and accrued income (-€65,230)
- Deferred charges and accrued income +€65,230
up €65,230 (+5,018%), from €1,300 to €66,530
- Receivables within one year +€24,643
up €24,643 (+97.2%), from €25,357 to €50,000
- Other debts -€169,766
down €169,766 (-71.0%), from €239,231 to €69,466
- Reserves +€82,857
up €82,857 (+54.7%), from €151,421 to €234,278
- Debts after one year -€15,515
down €15,515 (-43.1%), from €35,968 to €20,453
- Tax, wage and social debts +€5,660
up €5,660 (+46.7%), from €12,106 to €17,766
- Financial income -€16,452
down €16,452 (-19.7%), from €83,464 to €67,012
- Other operating charges +€10,632
up €10,632 (+248%), from €4,282 to €14,913
- Write-downs -€10,500
new in 2025: -€10,500
- Gross operating margin +€8,085
up €8,085 (+20.8%), from €38,794 to €46,879
- Taxes +€1,032
up €1,032 (+6.7%), from €15,484 to €16,516
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 | €480,819 | €383,512 | -€97,308 | -20.2% |
| Fixed assets | 21/28 | €234,757 | €238,217 | +€3,460 | +1.5% |
| Tangible fixed assets | 22/27 | €221,707 | €225,167 | +€3,460 | +1.6% |
| Land and buildings | 22 | €221,707 | €225,167 | +€3,460 | +1.6% |
| Financial fixed assets | 28 | €13,050 | €13,050 | = | 0.0% |
| Current assets | 29/58 | €246,062 | €145,294 | -€100,768 | -41.0% |
| Amounts receivable within one year | 40/41 | €25,357 | €50,000 | +€24,643 | +97.2% |
| Trade receivables | 40 | €25,357 | €50,000 | +€24,643 | +97.2% |
| Cash at bank and in hand | 54/58 | €219,405 | €28,764 | -€190,641 | -86.9% |
| Deferred charges and accrued income | 490/1 | €1,300 | €66,530 | +€65,230 | +5,018% |
| Total equity and liabilities | 10/49 | €480,819 | €383,512 | -€97,308 | -20.2% |
| Equity | 10/15 | €170,013 | €252,870 | +€82,857 | +48.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €151,421 | €234,278 | +€82,857 | +54.7% |
| Distributable reserves | 133 | €151,421 | €234,278 | +€82,857 | +54.7% |
| Amounts payable | 17/49 | €310,806 | €130,641 | -€180,164 | -58.0% |
| Amounts payable after more than one year | 17 | €35,968 | €20,453 | -€15,515 | -43.1% |
| Financial debts | 170/4 | €35,968 | €20,453 | -€15,515 | -43.1% |
| Amounts payable within one year | 42/48 | €271,922 | €108,515 | -€163,407 | -60.1% |
| Current portion of amounts payable after more than one year | 42 | €14,800 | €15,515 | +€716 | +4.8% |
| Trade debts | 44 | €5,784 | €5,768 | -€16 | -0.3% |
| Suppliers | 440/4 | €5,784 | €5,768 | -€16 | -0.3% |
| Taxes, remuneration and social security | 45 | €12,106 | €17,766 | +€5,660 | +46.7% |
| Taxes | 450/3 | €12,106 | €17,766 | +€5,660 | +46.7% |
| Other amounts payable | 47/48 | €239,231 | €69,466 | -€169,766 | -71.0% |
| Accrued charges and deferred income | 492/3 | €2,916 | €1,673 | -€1,242 | -42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,887 | €7,734 | +€846 | +12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€10,500 | -€10,500 | |
| Other operating charges | 640/8 | €4,282 | €14,913 | +€10,632 | +248% |
| Gross operating margin | 9900 | €38,794 | €46,879 | +€8,085 | +20.8% |
| Operating profit (loss) | 9901 | €27,625 | €34,732 | +€7,107 | +25.7% |
| Financial income | 75/76B | €83,464 | €67,012 | -€16,452 | -19.7% |
| Recurring financial income | 75 | €83,464 | €67,012 | -€16,452 | -19.7% |
| Financial charges | 65/66B | €3,020 | €2,371 | -€649 | -21.5% |
| Recurring financial charges | 65 | €3,020 | €2,371 | -€649 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €108,069 | €99,373 | -€8,696 | -8.0% |
| Income taxes | 67/77 | €15,484 | €16,516 | +€1,032 | +6.7% |
| Profit (loss) for the period | 9904 | €92,585 | €82,857 | -€9,728 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €92,585 | €82,857 | -€9,728 | -10.5% |
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 4 November 2026 via checked.be.