SAREVA: what changed
Two fiscal 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.
SAREVA
Largest movements
- Receivables within one year +€17,646
new in 2025: €17,646
- Tangible fixed assets -€16,145
down €16,145 (-11.2%), from €143,974 to €127,828
of which Land and buildings: -€13,735
- Other debts +€27,598
up €27,598 (+40.5%), from €68,144 to €95,742
- Profit (loss) carried forward -€24,477
down €24,477 (-15.6%), from -€156,842 to -€181,319
- Depreciation +€10,020
up €10,020 (+48.9%), from €20,486 to €30,506
- Gross operating margin +€7,682
up €7,682, from -€1,231 to €6,451
- Other operating charges -€4,250
down €4,250 (-95.4%), from €4,455 to €206
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.
Cash bridge derived
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 | €146,233 | €148,164 | +€1,932 | +1.3% |
| Fixed assets | 21/28 | €143,974 | €127,828 | -€16,145 | -11.2% |
| Tangible fixed assets | 22/27 | €143,974 | €127,828 | -€16,145 | -11.2% |
| Land and buildings | 22 | €134,333 | €120,598 | -€13,735 | -10.2% |
| Plant, machinery and equipment | 23 | €9,641 | €7,231 | -€2,410 | -25.0% |
| Current assets | 29/58 | €2,259 | €20,336 | +€18,077 | +800.1% |
| Amounts receivable within one year | 40/41 | - | €17,646 | +€17,646 | |
| Other amounts receivable | 41 | - | €17,646 | +€17,646 | |
| Cash at bank and in hand | 54/58 | €1,264 | €2,690 | +€1,426 | +112.8% |
| Deferred charges and accrued income | 490/1 | €995 | - | -€995 | |
| Total equity and liabilities | 10/49 | €146,233 | €148,164 | +€1,932 | +1.3% |
| Equity | 10/15 | €76,158 | €51,682 | -€24,477 | -32.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €171,000 | €171,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €36 | €36 | = | 0.0% |
| Distributable reserves | 133 | €164,764 | €164,764 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,842 | -€181,319 | -€24,477 | -15.6% |
| Amounts payable | 17/49 | €70,075 | €96,483 | +€26,408 | +37.7% |
| Amounts payable within one year | 42/48 | €69,381 | €96,483 | +€27,101 | +39.1% |
| Trade debts | 44 | €1,140 | €741 | -€400 | -35.1% |
| Suppliers | 440/4 | €1,140 | €741 | -€400 | -35.1% |
| Taxes, remuneration and social security | 45 | €97 | - | -€97 | |
| Taxes | 450/3 | €97 | - | -€97 | |
| Other amounts payable | 47/48 | €68,144 | €95,742 | +€27,598 | +40.5% |
| Accrued charges and deferred income | 492/3 | €693 | - | -€693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,486 | €30,506 | +€10,020 | +48.9% |
| Other operating charges | 640/8 | €4,455 | €206 | -€4,250 | -95.4% |
| Gross operating margin | 9900 | -€1,231 | €6,451 | +€7,682 | |
| Operating profit (loss) | 9901 | -€26,172 | -€24,261 | +€1,911 | +7.3% |
| Financial charges | 65/66B | €228 | €216 | -€12 | -5.4% |
| Recurring financial charges | 65 | €228 | €216 | -€12 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,400 | -€24,477 | +€1,923 | +7.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€26,400 | -€24,477 | +€1,923 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,400 | -€24,477 | +€1,923 | +7.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.