SARASWATI: 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.
SARASWATI
Largest movements
- Cash +€61,822
up €61,822 (+103%), from €59,942 to €121,764
mainly Net result for the year (+€56,977) and Tax, wage and social debts (+€19,068)
- Receivables within one year +€4,859
new in 2025: €4,859
- Profit (loss) carried forward +€56,977
up €56,977 (+831%), from €6,856 to €63,832
- Tax, wage and social debts +€19,068
up €19,068 (+61.7%), from €30,883 to €49,950
of which Taxes: +€12,340
- Trade debts -€11,041
down €11,041 (-57.2%), from €19,318 to €8,277
- Depreciation -€9,912
down €9,912 (-68.7%), from €14,425 to €4,513
- Taxes +€7,047
up €7,047 (+46.1%), from €15,288 to €22,335
- Staff costs -€5,220
down €5,220 (-4.0%), from €132,144 to €126,924
- Gross operating margin -€3,010
down €3,010 (-1.4%), from €220,786 to €217,776
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 | €77,516 | €142,519 | +€65,003 | +83.9% |
| Fixed assets | 21/28 | €13,248 | €11,582 | -€1,666 | -12.6% |
| Intangible fixed assets | 21 | €583 | €0 | -€583 | -100% |
| Tangible fixed assets | 22/27 | €5,065 | €3,982 | -€1,082 | -21.4% |
| Plant, machinery and equipment | 23 | €2,271 | €139 | -€2,132 | -93.9% |
| Furniture and vehicles | 24 | €2,794 | €3,843 | +€1,050 | +37.6% |
| Financial fixed assets | 28 | €7,600 | €7,600 | = | 0.0% |
| Current assets | 29/58 | €64,268 | €130,937 | +€66,669 | +104% |
| Stocks and contracts in progress | 3 | €4,326 | €4,314 | -€12 | -0.3% |
| Stocks | 30/36 | €4,326 | €4,314 | -€12 | -0.3% |
| Amounts receivable within one year | 40/41 | - | €4,859 | +€4,859 | |
| Other amounts receivable | 41 | - | €4,859 | +€4,859 | |
| Cash at bank and in hand | 54/58 | €59,942 | €121,764 | +€61,822 | +103% |
| Total equity and liabilities | 10/49 | €77,516 | €142,519 | +€65,003 | +83.9% |
| Equity | 10/15 | €27,316 | €84,292 | +€56,977 | +209% |
| 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 | €6,856 | €63,832 | +€56,977 | +831% |
| Amounts payable | 17/49 | €50,201 | €58,227 | +€8,026 | +16.0% |
| Amounts payable within one year | 42/48 | €50,201 | €58,227 | +€8,026 | +16.0% |
| Trade debts | 44 | €19,318 | €8,277 | -€11,041 | -57.2% |
| Suppliers | 440/4 | €19,318 | €8,277 | -€11,041 | -57.2% |
| Taxes, remuneration and social security | 45 | €30,883 | €49,950 | +€19,068 | +61.7% |
| Taxes | 450/3 | €18,782 | €31,123 | +€12,340 | +65.7% |
| Remuneration and social security | 454/9 | €12,100 | €18,828 | +€6,727 | +55.6% |
| Remuneration, social security and pensions | 62 | €132,144 | €126,924 | -€5,220 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,425 | €4,513 | -€9,912 | -68.7% |
| Other operating charges | 640/8 | €3,718 | €2,710 | -€1,008 | -27.1% |
| Non-recurring operating charges | 66A | €5,840 | €1,748 | -€4,092 | -70.1% |
| Gross operating margin | 9900 | €220,786 | €217,776 | -€3,010 | -1.4% |
| Operating profit (loss) | 9901 | €64,659 | €81,881 | +€17,222 | +26.6% |
| Financial charges | 65/66B | €2,818 | €2,570 | -€249 | -8.8% |
| Recurring financial charges | 65 | €2,818 | €2,570 | -€249 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €61,841 | €79,311 | +€17,471 | +28.3% |
| Income taxes | 67/77 | €15,288 | €22,335 | +€7,047 | +46.1% |
| Profit (loss) for the period | 9904 | €46,553 | €56,977 | +€10,424 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,553 | €56,977 | +€10,424 | +22.4% |
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 18 October 2026 via checked.be.