SARTA: 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.
SARTA
Largest movements
- Tangible fixed assets -€14,301
down €14,301 (-12.8%), from €111,930 to €97,629
of which Furniture and vehicles: -€10,319
- Cash -€5,601
down €5,601 (-16.3%), from €34,333 to €28,732
mainly Other debts (-€25,588) and Investment in fixed assets (net) (-€4,102)
- Other debts -€25,588
down €25,588 (-75.4%), from €33,953 to €8,365
- Reserves +€6,112
up €6,112 (+6.0%), from €101,153 to €107,265
- Gross operating margin -€2,110
down €2,110 (-6.2%), from €34,176 to €32,066
- Taxes +€1,261
up €1,261 (+68.8%), from €1,833 to €3,094
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 | €147,383 | €127,926 | -€19,457 | -13.2% |
| Fixed assets | 21/28 | €111,930 | €97,629 | -€14,301 | -12.8% |
| Tangible fixed assets | 22/27 | €111,930 | €97,629 | -€14,301 | -12.8% |
| Land and buildings | 22 | €75,626 | €71,644 | -€3,982 | -5.3% |
| Furniture and vehicles | 24 | €36,304 | €25,985 | -€10,319 | -28.4% |
| Current assets | 29/58 | €35,453 | €30,297 | -€5,156 | -14.5% |
| Amounts receivable within one year | 40/41 | €217 | €623 | +€406 | +187% |
| Other amounts receivable | 41 | €217 | €623 | +€406 | +187% |
| Cash at bank and in hand | 54/58 | €34,333 | €28,732 | -€5,601 | -16.3% |
| Deferred charges and accrued income | 490/1 | €903 | €941 | +€39 | +4.3% |
| Total equity and liabilities | 10/49 | €147,383 | €127,926 | -€19,457 | -13.2% |
| Equity | 10/15 | €112,495 | €118,607 | +€6,112 | +5.4% |
| Contributions | 10/11 | €11,342 | €11,342 | = | 0.0% |
| Reserves | 13 | €101,153 | €107,265 | +€6,112 | +6.0% |
| Distributable reserves | 133 | €101,153 | €107,265 | +€6,112 | +6.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €34,888 | €9,319 | -€25,569 | -73.3% |
| Amounts payable within one year | 42/48 | €34,015 | €8,421 | -€25,594 | -75.2% |
| Trade debts | 44 | €62 | €56 | -€6 | -9.7% |
| Suppliers | 440/4 | €62 | €56 | -€6 | -9.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €33,953 | €8,365 | -€25,588 | -75.4% |
| Accrued charges and deferred income | 492/3 | €873 | €898 | +€24 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,120 | €18,403 | +€283 | +1.6% |
| Other operating charges | 640/8 | €4,524 | €4,391 | -€133 | -2.9% |
| Gross operating margin | 9900 | €34,176 | €32,066 | -€2,110 | -6.2% |
| Operating profit (loss) | 9901 | €11,533 | €9,272 | -€2,260 | -19.6% |
| Financial charges | 65/66B | €67 | €66 | -€1 | -0.8% |
| Recurring financial charges | 65 | €67 | €66 | -€1 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €11,466 | €9,206 | -€2,260 | -19.7% |
| Income taxes | 67/77 | €1,833 | €3,094 | +€1,261 | +68.8% |
| Profit (loss) for the period | 9904 | €9,633 | €6,112 | -€3,520 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,633 | €6,112 | -€3,520 | -36.5% |
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 21 October 2026 via checked.be.