SaiVest: 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.
SaiVest
Largest movements
- Cash +€8,913
up €8,913 (+95433.4%), from €9 to €8,923
mainly Net result for the year (+€36,118) and Tax, wage and social debts (+€8,167)
- Tangible fixed assets +€8,073
up €8,073, from €0 to €8,073
of which Furniture and vehicles: +€7,240
- Deferred charges and accrued income -€3,715
down €3,715 (-79.3%), from €4,688 to €973
- Receivables within one year -€2,456
down €2,456 (-54.6%), from €4,495 to €2,039
of which Trade receivables: -€2,456
- Tax, wage and social debts +€8,167
up €8,167 (+77.4%), from €10,550 to €18,718
of which Taxes: +€8,212
- Current portion of long-term debt +€2,230
new in 2025: €2,230
- Other debts +€2,040
up €2,040 (+3.6%), from €56,875 to €58,915
- Reserves -€2,039
down €2,039 (-3.1%), from €65,591 to €63,553
- Gross operating margin +€98,733
up €98,733, from -€51,237 to €47,497
- Taxes +€6,416
up €6,416 (+872.2%), from €736 to €7,151
- Depreciation +€2,253
up €2,253 (+644.2%), from €350 to €2,603
- Financial charges +€1,215
up €1,215 (+333.0%), from €365 to €1,579
- Other operating charges +€1,106
up €1,106 (+251.0%), from €441 to €1,546
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 | €89,192 | €100,008 | +€10,816 | +12.1% |
| Fixed assets | 21/28 | €0 | €8,073 | +€8,073 | |
| Tangible fixed assets | 22/27 | €0 | €8,073 | +€8,073 | |
| Plant, machinery and equipment | 23 | €0 | €833 | +€833 | |
| Furniture and vehicles | 24 | €0 | €7,240 | +€7,240 | |
| Current assets | 29/58 | €89,192 | €91,934 | +€2,743 | +3.1% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,495 | €2,039 | -€2,456 | -54.6% |
| Trade receivables | 40 | €2,456 | - | -€2,456 | |
| Other amounts receivable | 41 | €2,038 | €2,039 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €9 | €8,923 | +€8,913 | +95433.4% |
| Deferred charges and accrued income | 490/1 | €4,688 | €973 | -€3,715 | -79.3% |
| Total equity and liabilities | 10/49 | €89,192 | €100,008 | +€10,816 | +12.1% |
| Equity | 10/15 | €18,580 | €16,541 | -€2,039 | -11.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €65,591 | €63,553 | -€2,039 | -3.1% |
| Distributable reserves | 133 | €65,591 | €63,553 | -€2,039 | -3.1% |
| Profit (loss) carried forward | 14 | -€59,411 | -€59,411 | = | 0.0% |
| Amounts payable | 17/49 | €70,611 | €83,467 | +€12,855 | +18.2% |
| Amounts payable within one year | 42/48 | €70,611 | €82,468 | +€11,857 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | - | €2,230 | +€2,230 | |
| Financial debts | 43 | €762 | - | -€762 | |
| Credit institutions | 430/8 | €762 | - | -€762 | |
| Trade debts | 44 | €2,424 | €2,605 | +€181 | +7.5% |
| Suppliers | 440/4 | €2,424 | €2,605 | +€181 | +7.5% |
| Taxes, remuneration and social security | 45 | €10,550 | €18,718 | +€8,167 | +77.4% |
| Taxes | 450/3 | €10,448 | €18,660 | +€8,212 | +78.6% |
| Remuneration and social security | 454/9 | €103 | €58 | -€45 | -43.5% |
| Other amounts payable | 47/48 | €56,875 | €58,915 | +€2,040 | +3.6% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350 | €2,603 | +€2,253 | +644.2% |
| Other operating charges | 640/8 | €441 | €1,546 | +€1,106 | +251.0% |
| Gross operating margin | 9900 | -€51,237 | €47,497 | +€98,733 | |
| Operating profit (loss) | 9901 | -€52,027 | €43,347 | +€95,374 | |
| Financial income | 75/76B | €1,613 | €1,501 | -€112 | -6.9% |
| Recurring financial income | 75 | €1,613 | €1,501 | -€112 | -6.9% |
| Financial charges | 65/66B | €365 | €1,579 | +€1,215 | +333.0% |
| Recurring financial charges | 65 | €365 | €1,579 | +€1,215 | +333.0% |
| Profit (loss) for the period before taxes | 9903 | -€50,779 | €43,269 | +€94,048 | |
| Income taxes | 67/77 | €736 | €7,151 | +€6,416 | +872.2% |
| Profit (loss) for the period | 9904 | -€51,515 | €36,118 | +€87,633 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,515 | €36,118 | +€87,633 |
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 9 October 2026 via checked.be.