SARAIVA: 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.
SARAIVA
Largest movements
- Receivables within one year +€32,819
up €32,819 (+135%), from €24,334 to €57,153
of which Trade receivables: +€42,165
- Cash +€10,427
up €10,427 (+112%), from €9,273 to €19,700
mainly Trade debts (+€39,069) and Net result for the year (+€2,399)
- Tangible fixed assets -€2,227
no longer reported in 2025 (was €2,227)
- Trade debts +€39,069
up €39,069 (+756%), from €5,165 to €44,234
- Profit (loss) carried forward +€2,399
up €2,399 (+12.4%), from €19,428 to €21,828
- Gross operating margin +€28,943
up €28,943 (+123%), from €23,620 to €52,563
- Staff costs +€15,253
up €15,253 (+53.0%), from €28,774 to €44,027
- Financial charges +€1,094
up €1,094 (+81.4%), from €1,344 to €2,438
- Other operating charges +€964
up €964 (+46.5%), from €2,073 to €3,037
- Depreciation -€659
down €659 (-68.0%), from €969 to €310
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 | €51,361 | €92,879 | +€41,519 | +80.8% |
| Fixed assets | 21/28 | €6,296 | €4,069 | -€2,227 | -35.4% |
| Tangible fixed assets | 22/27 | €2,227 | - | -€2,227 | |
| Furniture and vehicles | 24 | €2,227 | - | -€2,227 | |
| Financial fixed assets | 28 | €4,069 | €4,069 | = | 0.0% |
| Current assets | 29/58 | €45,065 | €88,811 | +€43,746 | +97.1% |
| Stocks and contracts in progress | 3 | €11,458 | €11,958 | +€500 | +4.4% |
| Stocks | 30/36 | €11,458 | €11,958 | +€500 | +4.4% |
| Amounts receivable within one year | 40/41 | €24,334 | €57,153 | +€32,819 | +135% |
| Trade receivables | 40 | €11,568 | €53,733 | +€42,165 | +364% |
| Other amounts receivable | 41 | €12,766 | €3,419 | -€9,346 | -73.2% |
| Cash at bank and in hand | 54/58 | €9,273 | €19,700 | +€10,427 | +112% |
| Total equity and liabilities | 10/49 | €51,361 | €92,879 | +€41,519 | +80.8% |
| Equity | 10/15 | €39,888 | €42,288 | +€2,399 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,428 | €21,828 | +€2,399 | +12.4% |
| Amounts payable | 17/49 | €11,472 | €50,592 | +€39,119 | +341% |
| Amounts payable within one year | 42/48 | €11,472 | €50,592 | +€39,119 | +341% |
| Trade debts | 44 | €5,165 | €44,234 | +€39,069 | +756% |
| Suppliers | 440/4 | €5,165 | €44,234 | +€39,069 | +756% |
| Taxes, remuneration and social security | 45 | €6,308 | €6,358 | +€50 | +0.8% |
| Taxes | 450/3 | €3,587 | €3,767 | +€180 | +5.0% |
| Remuneration and social security | 454/9 | €2,720 | €2,590 | -€130 | -4.8% |
| Remuneration, social security and pensions | 62 | €28,774 | €44,027 | +€15,253 | +53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €969 | €310 | -€659 | -68.0% |
| Other operating charges | 640/8 | €2,073 | €3,037 | +€964 | +46.5% |
| Gross operating margin | 9900 | €23,620 | €52,563 | +€28,943 | +123% |
| Operating profit (loss) | 9901 | -€8,195 | €5,189 | +€13,385 | |
| Financial income | 75/76B | €436 | - | -€436 | |
| Recurring financial income | 75 | €436 | - | -€436 | |
| Financial charges | 65/66B | €1,344 | €2,438 | +€1,094 | +81.4% |
| Recurring financial charges | 65 | €1,344 | €2,438 | +€1,094 | +81.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,103 | €2,752 | +€11,855 | |
| Income taxes | 67/77 | - | €352 | +€352 | |
| Profit (loss) for the period | 9904 | -€9,103 | €2,399 | +€11,503 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,103 | €2,399 | +€11,503 |
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 27 October 2026 via checked.be.