SARVIN: 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.
SARVIN
Largest movements
- Receivables within one year -€455,755
down €455,755 (-68.3%), from €667,444 to €211,690
of which Trade receivables: -€462,118
- Cash +€224,132
up €224,132 (+15.5%), from €1.5m to €1.7m
mainly Receivables within one year (+€455,755) and Depreciation (+€297)
- Profit (loss) carried forward -€180,318
down €180,318 (-24.6%), from -€733,611 to -€913,929
- Tax, wage and social debts -€26,371
down €26,371 (-96.7%), from €27,260 to €889
- Other debts -€25,290
no longer reported in 2025 (was €25,290)
- Financial charges +€264,308
up €264,308 (+5,447%), from €4,853 to €269,161
- Gross operating margin +€137,280
up €137,280, from -€108,817 to €28,464
- Financial income +€40,221
up €40,221 (+195%), from €20,674 to €60,895
- Other operating charges -€22,420
down €22,420 (-99.0%), from €22,644 to €225
- Taxes -€5,786
down €5,786, from €5,780 to -€6
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 | €2,118,609 | €1,886,859 | -€231,750 | -10.9% |
| Fixed assets | 21/28 | €576 | €229 | -€347 | -60.3% |
| Tangible fixed assets | 22/27 | €526 | €229 | -€297 | -56.5% |
| Furniture and vehicles | 24 | €526 | €229 | -€297 | -56.5% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €2,118,032 | €1,886,630 | -€231,402 | -10.9% |
| Amounts receivable within one year | 40/41 | €667,444 | €211,690 | -€455,755 | -68.3% |
| Trade receivables | 40 | €666,711 | €204,593 | -€462,118 | -69.3% |
| Other amounts receivable | 41 | €734 | €7,097 | +€6,363 | +867% |
| Cash at bank and in hand | 54/58 | €1,450,556 | €1,674,688 | +€224,132 | +15.5% |
| Deferred charges and accrued income | 490/1 | €32 | €253 | +€221 | +684% |
| Total equity and liabilities | 10/49 | €2,118,609 | €1,886,859 | -€231,750 | -10.9% |
| Equity | 10/15 | €2,064,755 | €1,884,437 | -€180,318 | -8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,779,766 | €2,779,766 | = | 0.0% |
| Distributable reserves | 133 | €2,779,766 | €2,779,766 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€733,611 | -€913,929 | -€180,318 | -24.6% |
| Amounts payable | 17/49 | €53,853 | €2,422 | -€51,431 | -95.5% |
| Amounts payable within one year | 42/48 | €53,853 | €2,422 | -€51,431 | -95.5% |
| Trade debts | 44 | €1,303 | €1,533 | +€230 | +17.6% |
| Suppliers | 440/4 | €1,303 | €1,533 | +€230 | +17.6% |
| Taxes, remuneration and social security | 45 | €27,260 | €889 | -€26,371 | -96.7% |
| Taxes | 450/3 | €27,260 | €889 | -€26,371 | -96.7% |
| Other amounts payable | 47/48 | €25,290 | - | -€25,290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,965 | €297 | -€2,667 | -90.0% |
| Other operating charges | 640/8 | €22,644 | €225 | -€22,420 | -99.0% |
| Gross operating margin | 9900 | -€108,817 | €28,464 | +€137,280 | |
| Operating profit (loss) | 9901 | -€134,426 | €27,942 | +€162,367 | |
| Financial income | 75/76B | €20,674 | €60,895 | +€40,221 | +195% |
| Recurring financial income | 75 | €20,674 | €60,895 | +€40,221 | +195% |
| Financial charges | 65/66B | €4,853 | €269,161 | +€264,308 | +5,447% |
| Recurring financial charges | 65 | €4,853 | €269,161 | +€264,308 | +5,447% |
| Profit (loss) for the period before taxes | 9903 | -€118,604 | -€180,324 | -€61,720 | -52.0% |
| Income taxes | 67/77 | €5,780 | -€6 | -€5,786 | |
| Profit (loss) for the period | 9904 | -€124,384 | -€180,318 | -€55,934 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€124,384 | -€180,318 | -€55,934 | -45.0% |
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 25 October 2026 via checked.be.