Saravanos Process++: 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.
Saravanos Process++
Largest movements
- Cash -€1.0m
down €1.0m (-43.9%), from €2.4m to €1.3m
mainly Accrued charges and deferred income (-€1.1m) and Trade debts (-€207,040)
- Receivables within one year -€98,417
down €98,417 (-92.3%), from €106,635 to €8,217
of which Other amounts receivable: -€64,186
- Accrued charges and deferred income -€1.1m
down €1.1m (-97.6%), from €1.2m to €27,871
- Trade debts -€207,040
down €207,040 (-36.7%), from €564,480 to €357,440
- Reserves +€165,174
up €165,174 (+17.3%), from €956,225 to €1.1m
- Debts after one year -€132,557
down €132,557 (-21.5%), from €615,714 to €483,157
- Current portion of long-term debt +€90,975
up €90,975 (+67.4%), from €134,953 to €225,928
- Gross operating margin -€66,490
down €66,490 (-11.3%), from €589,493 to €523,003
- Taxes -€16,830
down €16,830 (-20.9%), from €80,575 to €63,745
- Staff costs +€8,040
up €8,040 (+5.4%), from €150,024 to €158,063
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 | €3,620,512 | €2,456,841 | -€1.2m | -32.1% |
| Fixed assets | 21/28 | €1,156,387 | €1,122,719 | -€33,668 | -2.9% |
| Tangible fixed assets | 22/27 | €1,153,897 | €1,120,229 | -€33,668 | -2.9% |
| Land and buildings | 22 | €964,641 | €917,099 | -€47,542 | -4.9% |
| Plant, machinery and equipment | 23 | €147,491 | €139,457 | -€8,033 | -5.4% |
| Furniture and vehicles | 24 | €41,765 | €63,673 | +€21,908 | +52.5% |
| Financial fixed assets | 28 | €2,490 | €2,490 | = | 0.0% |
| Current assets | 29/58 | €2,464,125 | €1,334,122 | -€1.1m | -45.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €106,635 | €8,217 | -€98,417 | -92.3% |
| Trade receivables | 40 | €34,231 | €0 | -€34,231 | -100% |
| Other amounts receivable | 41 | €72,404 | €8,217 | -€64,186 | -88.7% |
| Cash at bank and in hand | 54/58 | €2,350,943 | €1,319,232 | -€1.0m | -43.9% |
| Deferred charges and accrued income | 490/1 | €6,547 | €6,672 | +€125 | +1.9% |
| Total equity and liabilities | 10/49 | €3,620,512 | €2,456,841 | -€1.2m | -32.1% |
| Equity | 10/15 | €974,775 | €1,139,949 | +€165,174 | +16.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €956,225 | €1,121,399 | +€165,174 | +17.3% |
| Distributable reserves | 133 | €956,225 | €1,121,399 | +€165,174 | +17.3% |
| Amounts payable | 17/49 | €2,645,737 | €1,316,892 | -€1.3m | -50.2% |
| Amounts payable after more than one year | 17 | €615,714 | €483,157 | -€132,557 | -21.5% |
| Financial debts | 170/4 | €615,714 | €483,157 | -€132,557 | -21.5% |
| Amounts payable within one year | 42/48 | €874,780 | €805,864 | -€68,917 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €134,953 | €225,928 | +€90,975 | +67.4% |
| Financial debts | 43 | - | €4,607 | +€4,607 | |
| Credit institutions | 430/8 | - | €4,607 | +€4,607 | |
| Trade debts | 44 | €564,480 | €357,440 | -€207,040 | -36.7% |
| Suppliers | 440/4 | €564,480 | €357,440 | -€207,040 | -36.7% |
| Taxes, remuneration and social security | 45 | €175,347 | €140,481 | -€34,866 | -19.9% |
| Taxes | 450/3 | €140,473 | €110,942 | -€29,531 | -21.0% |
| Remuneration and social security | 454/9 | €34,874 | €29,540 | -€5,335 | -15.3% |
| Other amounts payable | 47/48 | €0 | €77,407 | +€77,407 | |
| Accrued charges and deferred income | 492/3 | €1,155,243 | €27,871 | -€1.1m | -97.6% |
| Remuneration, social security and pensions | 62 | €150,024 | €158,063 | +€8,040 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,325 | €119,069 | +€1,744 | +1.5% |
| Other operating charges | 640/8 | €4,179 | €6,237 | +€2,058 | +49.2% |
| Gross operating margin | 9900 | €589,493 | €523,003 | -€66,490 | -11.3% |
| Operating profit (loss) | 9901 | €317,966 | €239,633 | -€78,332 | -24.6% |
| Financial income | 75/76B | €835 | €1,899 | +€1,065 | +127% |
| Recurring financial income | 75 | €835 | €1,899 | +€1,065 | +127% |
| Financial charges | 65/66B | €15,980 | €12,614 | -€3,366 | -21.1% |
| Recurring financial charges | 65 | €15,980 | €12,614 | -€3,366 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €302,821 | €228,919 | -€73,902 | -24.4% |
| Income taxes | 67/77 | €80,575 | €63,745 | -€16,830 | -20.9% |
| Profit (loss) for the period | 9904 | €222,246 | €165,174 | -€57,072 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €222,246 | €165,174 | -€57,072 | -25.7% |
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 13 October 2026 via checked.be.