S.A.I.V.: what changed
What changed
S.A.I.V.
NACE 25.510, Coating of metals
filed annual accounts (NBB)
Net result for the year
-€16,791
2024 · -€957-€15,834
Equity
€189,162
2024 · €207,514-€18,352
Cash
€81,478
2024 · €94,233-€12,755
Balance sheet total
€287,552
2024 · €308,142-€20,590
Largest movements
Assets
- Deferred charges and accrued income -€24,874
down €24,874 (-66.2%), from €37,552 to €12,678
- Cash -€12,755
down €12,755 (-13.5%), from €94,233 to €81,478
mainly Net result for the year (-€16,791) and Debts after one year (-€11,951)
- Receivables within one year +€10,078
up €10,078 (+9.7%), from €104,320 to €114,398
of which Trade receivables: +€14,341
- Stocks and contracts +€4,772
up €4,772 (+21.1%), from €22,624 to €27,396
Equity and liabilities
- Profit (loss) carried forward -€18,352
down €18,352 (-11.4%), from €160,717 to €142,364
- Trade debts +€12,577
up €12,577 (+31.4%), from €40,097 to €52,673
- Debts after one year -€11,951
down €11,951 (-56.7%), from €21,080 to €9,129
Income statement
- Staff costs +€8,358
up €8,358 (+4.6%), from €183,235 to €191,594
- Gross operating margin -€6,295
down €6,295 (-3.2%), from €195,840 to €189,545
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€957
Gross operating margin
-€6,295
Staff costs
-€8,358
Depreciation
-€1,848
Other operating charges
-€231
Other operating items
+€141
Financial income
-€34
Financial charges
+€650
Taxes
+€141
Result 2025
-€16,791
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€14,758
Investment
-€11,848
Financing
-€15,665
Cash 2024
€94,233
From operations (derived)
+€14,758
Net result for the year
-€16,791
Depreciation
+€9,659
Stocks and contracts
-€4,772
Receivables within one year
-€10,078
Deferred charges and accrued income
+€24,874
Trade debts
+€12,577
Tax, wage and social debts
-€1,029
Other debts
+€689
Accrued charges and deferred income
-€370
Investment (derived)
-€11,848
Investment in fixed assets (net)
-€11,848
Financing
-€15,665
Debts after one year
-€11,951
Current portion of long-term debt
-€2,158
Short-term financial debts
+€6
Contributions, distributions and other
-€1,562
Cash 2025
€81,478
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €308,142 | €287,552 | -€20,590 | -6.7% |
| Fixed assets | 21/28 | €49,360 | €51,549 | +€2,189 | +4.4% |
| Tangible fixed assets | 22/27 | €49,360 | €51,549 | +€2,189 | +4.4% |
| Plant, machinery and equipment | 23 | €17,645 | €15,649 | -€1,996 | -11.3% |
| Furniture and vehicles | 24 | - | €8,206 | +€8,206 | |
| Other tangible fixed assets | 26 | €31,715 | €27,694 | -€4,021 | -12.7% |
| Current assets | 29/58 | €258,781 | €236,002 | -€22,779 | -8.8% |
| Stocks and contracts in progress | 3 | €22,624 | €27,396 | +€4,772 | +21.1% |
| Stocks | 30/36 | €22,624 | €27,396 | +€4,772 | +21.1% |
| Amounts receivable within one year | 40/41 | €104,320 | €114,398 | +€10,078 | +9.7% |
| Trade receivables | 40 | €99,224 | €113,565 | +€14,341 | +14.5% |
| Other amounts receivable | 41 | €5,096 | €834 | -€4,263 | -83.6% |
| Current investments | 50/53 | €52 | €52 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €94,233 | €81,478 | -€12,755 | -13.5% |
| Deferred charges and accrued income | 490/1 | €37,552 | €12,678 | -€24,874 | -66.2% |
| Total equity and liabilities | 10/49 | €308,142 | €287,552 | -€20,590 | -6.7% |
| Equity | 10/15 | €207,514 | €189,162 | -€18,352 | -8.8% |
| Contributions | 10/11 | €22,316 | €22,316 | = | 0.0% |
| Reserves | 13 | €24,481 | €24,481 | = | 0.0% |
| Distributable reserves | 133 | €24,481 | €24,481 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,717 | €142,364 | -€18,352 | -11.4% |
| Amounts payable | 17/49 | €100,627 | €98,390 | -€2,237 | -2.2% |
| Amounts payable after more than one year | 17 | €21,080 | €9,129 | -€11,951 | -56.7% |
| Financial debts | 170/4 | €21,080 | €9,129 | -€11,951 | -56.7% |
| Amounts payable within one year | 42/48 | €79,177 | €89,261 | +€10,084 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €14,109 | €11,951 | -€2,158 | -15.3% |
| Financial debts | 43 | €9 | €15 | +€6 | +67.3% |
| Credit institutions | 430/8 | €9 | €15 | +€6 | +67.3% |
| Trade debts | 44 | €40,097 | €52,673 | +€12,577 | +31.4% |
| Suppliers | 440/4 | €40,097 | €52,673 | +€12,577 | +31.4% |
| Taxes, remuneration and social security | 45 | €23,278 | €22,249 | -€1,029 | -4.4% |
| Taxes | 450/3 | €3,550 | €4,153 | +€603 | +17.0% |
| Remuneration and social security | 454/9 | €19,728 | €18,096 | -€1,632 | -8.3% |
| Other amounts payable | 47/48 | €1,685 | €2,373 | +€689 | +40.9% |
| Accrued charges and deferred income | 492/3 | €370 | €0 | -€370 | -100% |
| Remuneration, social security and pensions | 62 | €183,235 | €191,594 | +€8,358 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,811 | €9,659 | +€1,848 | +23.7% |
| Other operating charges | 640/8 | €2,756 | €2,987 | +€231 | +8.4% |
| Non-recurring operating charges | 66A | €141 | €0 | -€141 | -100% |
| Gross operating margin | 9900 | €195,840 | €189,545 | -€6,295 | -3.2% |
| Operating profit (loss) | 9901 | €1,897 | -€14,694 | -€16,591 | |
| Financial income | 75/76B | €39 | €4 | -€34 | -88.4% |
| Recurring financial income | 75 | €39 | €4 | -€34 | -88.4% |
| Financial charges | 65/66B | €2,630 | €1,980 | -€650 | -24.7% |
| Recurring financial charges | 65 | €2,630 | €1,980 | -€650 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | -€695 | -€16,670 | -€15,975 | -2,299% |
| Income taxes | 67/77 | €262 | €121 | -€141 | -53.8% |
| Profit (loss) for the period | 9904 | -€957 | -€16,791 | -€15,834 | -1,655% |
| Profit (loss) for the period to be appropriated | 9905 | -€957 | -€16,791 | -€15,834 | -1,655% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.