SARK: 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.
SARK
Largest movements
- Cash -€33,748
down €33,748 (-31.8%), from €106,215 to €72,467
mainly Net result for the year (-€23,995) and Tax, wage and social debts (-€19,757)
- Tangible fixed assets -€7,717
down €7,717 (-41.8%), from €18,472 to €10,755
of which Furniture and vehicles: -€7,032
- Receivables within one year +€2,143
up €2,143 (+105%), from €2,042 to €4,185
of which Trade receivables: +€1,630
- Profit (loss) carried forward -€23,995
down €23,995 (-51.4%), from €46,687 to €22,692
- Tax, wage and social debts -€19,757
down €19,757 (-97.8%), from €20,202 to €446
- Other debts +€3,661
up €3,661 (+122%), from €2,998 to €6,660
- Gross operating margin -€3,155
down €3,155 (-29.7%), from -€10,627 to -€13,782
- Depreciation -€192
down €192 (-2.3%), from €8,267 to €8,075
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 | €128,268 | €88,994 | -€39,274 | -30.6% |
| Fixed assets | 21/28 | €18,472 | €10,755 | -€7,717 | -41.8% |
| Tangible fixed assets | 22/27 | €18,472 | €10,755 | -€7,717 | -41.8% |
| Plant, machinery and equipment | 23 | €1,976 | €1,290 | -€686 | -34.7% |
| Furniture and vehicles | 24 | €16,497 | €9,465 | -€7,032 | -42.6% |
| Current assets | 29/58 | €109,796 | €78,240 | -€31,556 | -28.7% |
| Amounts receivable within one year | 40/41 | €2,042 | €4,185 | +€2,143 | +105% |
| Trade receivables | 40 | €2,042 | €3,672 | +€1,630 | +79.9% |
| Other amounts receivable | 41 | - | €513 | +€513 | |
| Cash at bank and in hand | 54/58 | €106,215 | €72,467 | -€33,748 | -31.8% |
| Deferred charges and accrued income | 490/1 | €1,538 | €1,587 | +€49 | +3.2% |
| Total equity and liabilities | 10/49 | €128,268 | €88,994 | -€39,274 | -30.6% |
| Equity | 10/15 | €105,035 | €81,040 | -€23,995 | -22.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €52,348 | €52,348 | = | 0.0% |
| Distributable reserves | 133 | €52,348 | €52,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,687 | €22,692 | -€23,995 | -51.4% |
| Amounts payable | 17/49 | €23,233 | €7,955 | -€15,279 | -65.8% |
| Amounts payable within one year | 42/48 | €23,233 | €7,955 | -€15,279 | -65.8% |
| Trade debts | 44 | €33 | €849 | +€817 | +2,490% |
| Suppliers | 440/4 | €33 | €849 | +€817 | +2,490% |
| Taxes, remuneration and social security | 45 | €20,202 | €446 | -€19,757 | -97.8% |
| Taxes | 450/3 | €20,202 | €446 | -€19,757 | -97.8% |
| Other amounts payable | 47/48 | €2,998 | €6,660 | +€3,661 | +122% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,267 | €8,075 | -€192 | -2.3% |
| Other operating charges | 640/8 | €1,318 | €1,254 | -€63 | -4.8% |
| Non-recurring operating charges | 66A | - | €290 | +€290 | |
| Gross operating margin | 9900 | -€10,627 | -€13,782 | -€3,155 | -29.7% |
| Operating profit (loss) | 9901 | -€20,211 | -€23,400 | -€3,189 | -15.8% |
| Financial charges | 65/66B | €107 | €107 | +€0 | +0.1% |
| Recurring financial charges | 65 | €107 | €107 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,319 | -€23,508 | -€3,189 | -15.7% |
| Income taxes | 67/77 | €501 | €487 | -€14 | -2.8% |
| Profit (loss) for the period | 9904 | -€20,820 | -€23,995 | -€3,175 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,820 | -€23,995 | -€3,175 | -15.3% |
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 25 October 2026 via checked.be.