SAUVELEC: 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.
SAUVELEC
Largest movements
- Cash +€20,257
up €20,257 (+211%), from €9,620 to €29,877
mainly Depreciation (+€21,115) and Receivables within one year (+€17,277)
- Receivables within one year -€17,277
down €17,277 (-27.0%), from €63,904 to €46,627
of which Other amounts receivable: -€14,351
- Tangible fixed assets +€15,901
up €15,901 (+7.8%), from €203,945 to €219,845
of which Furniture and vehicles: +€21,698
- Stocks and contracts +€12,270
up €12,270 (+81.2%), from €15,118 to €27,388
- Trade debts +€14,587
up €14,587 (+124%), from €11,722 to €26,309
- Current portion of long-term debt +€7,956
up €7,956 (+49.1%), from €16,210 to €24,167
- Reserves +€5,535
new in 2025: €5,535
- Tax, wage and social debts +€4,321
up €4,321 (+53.9%), from €8,010 to €12,331
of which Remuneration and social security: +€3,873
- Staff costs +€18,524
up €18,524 (+43.0%), from €43,070 to €61,594
- Depreciation -€7,957
down €7,957 (-27.4%), from €29,073 to €21,115
- Gross operating margin -€3,956
down €3,956 (-3.9%), from €101,830 to €97,874
- Taxes -€1,926
down €1,926 (-54.0%), from €3,564 to €1,639
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 | €293,460 | €326,257 | +€32,797 | +11.2% |
| Fixed assets | 21/28 | €203,945 | €219,845 | +€15,901 | +7.8% |
| Tangible fixed assets | 22/27 | €203,945 | €219,845 | +€15,901 | +7.8% |
| Land and buildings | 22 | €164,030 | €158,278 | -€5,752 | -3.5% |
| Plant, machinery and equipment | 23 | €1,893 | €1,848 | -€45 | -2.4% |
| Furniture and vehicles | 24 | €38,022 | €59,720 | +€21,698 | +57.1% |
| Current assets | 29/58 | €89,516 | €106,412 | +€16,896 | +18.9% |
| Stocks and contracts in progress | 3 | €15,118 | €27,388 | +€12,270 | +81.2% |
| Stocks | 30/36 | €15,118 | €27,388 | +€12,270 | +81.2% |
| Amounts receivable within one year | 40/41 | €63,904 | €46,627 | -€17,277 | -27.0% |
| Trade receivables | 40 | €33,619 | €30,693 | -€2,926 | -8.7% |
| Other amounts receivable | 41 | €30,285 | €15,934 | -€14,351 | -47.4% |
| Cash at bank and in hand | 54/58 | €9,620 | €29,877 | +€20,257 | +211% |
| Deferred charges and accrued income | 490/1 | €874 | €2,520 | +€1,646 | +188% |
| Total equity and liabilities | 10/49 | €293,460 | €326,257 | +€32,797 | +11.2% |
| Equity | 10/15 | €96,725 | €102,260 | +€5,535 | +5.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €5,535 | +€5,535 | |
| Distributable reserves | 133 | - | €5,535 | +€5,535 | |
| Profit (loss) carried forward | 14 | €93,725 | €93,725 | = | 0.0% |
| Amounts payable | 17/49 | €196,736 | €223,998 | +€27,262 | +13.9% |
| Amounts payable after more than one year | 17 | €152,186 | €153,378 | +€1,192 | +0.8% |
| Financial debts | 170/4 | €152,186 | €153,378 | +€1,192 | +0.8% |
| Amounts payable within one year | 42/48 | €44,541 | €70,611 | +€26,070 | +58.5% |
| Current portion of amounts payable after more than one year | 42 | €16,210 | €24,167 | +€7,956 | +49.1% |
| Trade debts | 44 | €11,722 | €26,309 | +€14,587 | +124% |
| Suppliers | 440/4 | €11,722 | €26,309 | +€14,587 | +124% |
| Taxes, remuneration and social security | 45 | €8,010 | €12,331 | +€4,321 | +53.9% |
| Taxes | 450/3 | €1,479 | €1,927 | +€448 | +30.3% |
| Remuneration and social security | 454/9 | €6,531 | €10,404 | +€3,873 | +59.3% |
| Other amounts payable | 47/48 | €8,599 | €7,804 | -€795 | -9.2% |
| Accrued charges and deferred income | 492/3 | €8 | €9 | +€0 | +3.9% |
| Remuneration, social security and pensions | 62 | €43,070 | €61,594 | +€18,524 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,073 | €21,115 | -€7,957 | -27.4% |
| Other operating charges | 640/8 | €720 | €695 | -€25 | -3.5% |
| Gross operating margin | 9900 | €101,830 | €97,874 | -€3,956 | -3.9% |
| Operating profit (loss) | 9901 | €28,968 | €14,470 | -€14,498 | -50.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €7,431 | €7,298 | -€133 | -1.8% |
| Recurring financial charges | 65 | €7,431 | €7,298 | -€133 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €21,536 | €7,173 | -€14,363 | -66.7% |
| Income taxes | 67/77 | €3,564 | €1,639 | -€1,926 | -54.0% |
| Profit (loss) for the period | 9904 | €17,972 | €5,535 | -€12,437 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,972 | €5,535 | -€12,437 | -69.2% |
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 17 October 2026 via checked.be.