SARUVA: 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.
SARUVA
Largest movements
- Cash +€63,510
up €63,510 (+202.8%), from €31,317 to €94,828
mainly Net result for the year (+€35,498) and Current investments (+€35,000)
- Current investments -€35,000
down €35,000 (-41.2%), from €85,000 to €50,000
- Receivables within one year +€10,328
up €10,328 (+89.4%), from €11,558 to €21,885
of which Trade receivables: +€11,371
- Tangible fixed assets -€8,459
down €8,459 (-88.2%), from €9,595 to €1,136
- Reserves +€34,665
up €34,665 (+31.6%), from €109,612 to €144,276
- Tax, wage and social debts -€8,863
down €8,863 (-69.6%), from €12,743 to €3,880
of which Taxes: -€6,755
- Trade debts +€3,032
up €3,032, from €0 to €3,032
- Gross operating margin -€18,388
down €18,388 (-23.9%), from €77,064 to €58,675
- Taxes -€4,120
down €4,120 (-21.2%), from €19,405 to €15,285
- Financial income +€1,325
up €1,325 (+238.7%), from €555 to €1,880
- Depreciation -€843
down €843 (-8.6%), from €9,780 to €8,937
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 | €142,586 | €172,483 | +€29,897 | +21.0% |
| Fixed assets | 21/28 | €9,595 | €1,136 | -€8,459 | -88.2% |
| Tangible fixed assets | 22/27 | €9,595 | €1,136 | -€8,459 | -88.2% |
| Furniture and vehicles | 24 | €9,595 | €1,136 | -€8,459 | -88.2% |
| Current assets | 29/58 | €132,991 | €171,347 | +€38,356 | +28.8% |
| Amounts receivable within one year | 40/41 | €11,558 | €21,885 | +€10,328 | +89.4% |
| Trade receivables | 40 | €10,508 | €21,878 | +€11,371 | +108.2% |
| Other amounts receivable | 41 | €1,050 | €7 | -€1,043 | -99.3% |
| Current investments | 50/53 | €85,000 | €50,000 | -€35,000 | -41.2% |
| Cash at bank and in hand | 54/58 | €31,317 | €94,828 | +€63,510 | +202.8% |
| Deferred charges and accrued income | 490/1 | €5,116 | €4,634 | -€482 | -9.4% |
| Total equity and liabilities | 10/49 | €142,586 | €172,483 | +€29,897 | +21.0% |
| Equity | 10/15 | €128,162 | €162,826 | +€34,665 | +27.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €109,612 | €144,276 | +€34,665 | +31.6% |
| Distributable reserves | 133 | €109,612 | €144,276 | +€34,665 | +31.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,424 | €9,657 | -€4,767 | -33.1% |
| Amounts payable within one year | 42/48 | €14,124 | €9,297 | -€4,827 | -34.2% |
| Financial debts | 43 | - | €18 | +€18 | |
| Credit institutions | 430/8 | - | €18 | +€18 | |
| Trade debts | 44 | €0 | €3,032 | +€3,032 | |
| Suppliers | 440/4 | €0 | €3,032 | +€3,032 | |
| Taxes, remuneration and social security | 45 | €12,743 | €3,880 | -€8,863 | -69.6% |
| Taxes | 450/3 | €10,635 | €3,880 | -€6,755 | -63.5% |
| Remuneration and social security | 454/9 | €2,108 | €0 | -€2,108 | -100.0% |
| Other amounts payable | 47/48 | €1,381 | €2,367 | +€985 | +71.3% |
| Accrued charges and deferred income | 492/3 | €300 | €360 | +€60 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,780 | €8,937 | -€843 | -8.6% |
| Other operating charges | 640/8 | €765 | €787 | +€22 | +2.9% |
| Gross operating margin | 9900 | €77,064 | €58,675 | -€18,388 | -23.9% |
| Operating profit (loss) | 9901 | €66,519 | €48,952 | -€17,567 | -26.4% |
| Financial income | 75/76B | €555 | €1,880 | +€1,325 | +238.7% |
| Recurring financial income | 75 | €555 | €1,880 | +€1,325 | +238.7% |
| Financial charges | 65/66B | €179 | €49 | -€130 | -72.5% |
| Recurring financial charges | 65 | €179 | €49 | -€130 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | €66,895 | €50,783 | -€16,112 | -24.1% |
| Income taxes | 67/77 | €19,405 | €15,285 | -€4,120 | -21.2% |
| Profit (loss) for the period | 9904 | €47,490 | €35,498 | -€11,992 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,490 | €35,498 | -€11,992 | -25.3% |
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 11 October 2026 via checked.be.