SAIVE CONSTRUCT: 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.
SAIVE CONSTRUCT
Largest movements
- Stocks and contracts +€347,213
up €347,213 (+10.6%), from €3.3m to €3.6m
- Receivables within one year +€215,222
up €215,222 (+4448.8%), from €4,838 to €220,060
of which Trade receivables: +€220,060
- Advances received +€865,238
up €865,238 (+349.0%), from €247,895 to €1.1m
- Other debts -€211,325
down €211,325 (-7.1%), from €3.0m to €2.8m
- Tax, wage and social debts +€183,500
up €183,500, from €0 to €183,500
- Trade debts -€176,100
down €176,100 (-37.5%), from €470,123 to €294,024
- Profit (loss) carried forward -€98,426
down €98,426 (-24.6%), from -€399,517 to -€497,943
- Gross operating margin +€184,430
up €184,430 (+78.8%), from -€234,093 to -€49,663
- Taxes -€25,471
new in 2025: -€25,471
- Financial charges +€9,400
up €9,400 (+14.8%), from €63,436 to €72,836
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 | €3,301,300 | €3,864,420 | +€563,121 | +17.1% |
| Fixed assets | 21/28 | €1,487 | €1,487 | = | 0.0% |
| Financial fixed assets | 28 | €1,487 | €1,487 | = | 0.0% |
| Current assets | 29/58 | €3,299,812 | €3,862,933 | +€563,121 | +17.1% |
| Stocks and contracts in progress | 3 | €3,285,810 | €3,633,023 | +€347,213 | +10.6% |
| Stocks | 30/36 | €3,285,810 | €3,633,023 | +€347,213 | +10.6% |
| Amounts receivable within one year | 40/41 | €4,838 | €220,060 | +€215,222 | +4448.8% |
| Trade receivables | 40 | €0 | €220,060 | +€220,060 | |
| Other amounts receivable | 41 | €4,838 | €0 | -€4,838 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,109 | €8,453 | +€344 | +4.2% |
| Deferred charges and accrued income | 490/1 | €1,056 | €1,397 | +€341 | +32.3% |
| Total equity and liabilities | 10/49 | €3,301,300 | €3,864,420 | +€563,121 | +17.1% |
| Equity | 10/15 | -€394,517 | -€492,943 | -€98,426 | -24.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€399,517 | -€497,943 | -€98,426 | -24.6% |
| Amounts payable | 17/49 | €3,695,816 | €4,357,363 | +€661,546 | +17.9% |
| Amounts payable within one year | 42/48 | €3,695,745 | €4,357,289 | +€661,544 | +17.9% |
| Financial debts | 43 | - | €231 | +€231 | |
| Credit institutions | 430/8 | - | €231 | +€231 | |
| Trade debts | 44 | €470,123 | €294,024 | -€176,100 | -37.5% |
| Suppliers | 440/4 | €470,123 | €294,024 | -€176,100 | -37.5% |
| Advances received on contracts in progress | 46 | €247,895 | €1,113,132 | +€865,238 | +349.0% |
| Taxes, remuneration and social security | 45 | €0 | €183,500 | +€183,500 | |
| Taxes | 450/3 | €0 | €183,500 | +€183,500 | |
| Other amounts payable | 47/48 | €2,977,727 | €2,766,402 | -€211,325 | -7.1% |
| Accrued charges and deferred income | 492/3 | €72 | €74 | +€3 | +3.5% |
| Other operating charges | 640/8 | €1,188 | €1,423 | +€236 | +19.8% |
| Gross operating margin | 9900 | -€234,093 | -€49,663 | +€184,430 | +78.8% |
| Operating profit (loss) | 9901 | -€235,280 | -€51,086 | +€184,194 | +78.3% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €63,436 | €72,836 | +€9,400 | +14.8% |
| Recurring financial charges | 65 | €63,436 | €72,836 | +€9,400 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€298,716 | -€123,896 | +€174,820 | +58.5% |
| Income taxes | 67/77 | - | -€25,471 | -€25,471 | |
| Profit (loss) for the period | 9904 | -€298,716 | -€98,426 | +€200,291 | +67.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€298,716 | -€98,426 | +€200,291 | +67.1% |
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 6 October 2026 via checked.be.