SAVARIMMO: 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.
SAVARIMMO
Largest movements
- Tangible fixed assets -€184,181
down €184,181 (-20.2%), from €911,905 to €727,725
of which Land and buildings: -€172,626
- Current investments +€107,608
up €107,608 (+485.2%), from €22,178 to €129,787
- Receivables within one year -€39,760
down €39,760 (-45.3%), from €87,854 to €48,093
of which Other amounts receivable: -€32,046
- Reserves -€68,951
down €68,951 (-7.9%), from €876,258 to €807,308
of which Distributable reserves: -€63,219
- Other debts -€32,010
down €32,010 (-33.7%), from €94,855 to €62,844
- Gross operating margin +€30,656
up €30,656 (+310.8%), from €9,863 to €40,519
- Depreciation -€5,191
down €5,191 (-14.4%), from €36,172 to €30,981
- Financial income +€1,227
up €1,227 (+136.7%), from €898 to €2,125
- Financial charges -€1,014
down €1,014 (-69.5%), from €1,458 to €445
- Other operating charges -€441
down €441 (-3.7%), from €11,786 to €11,346
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 | €1,023,763 | €907,666 | -€116,097 | -11.3% |
| Fixed assets | 21/28 | €911,905 | €727,725 | -€184,181 | -20.2% |
| Tangible fixed assets | 22/27 | €911,905 | €727,725 | -€184,181 | -20.2% |
| Land and buildings | 22 | €865,373 | €692,746 | -€172,626 | -19.9% |
| Furniture and vehicles | 24 | €46,533 | €34,978 | -€11,555 | -24.8% |
| Current assets | 29/58 | €111,858 | €179,942 | +€68,084 | +60.9% |
| Amounts receivable within one year | 40/41 | €87,854 | €48,093 | -€39,760 | -45.3% |
| Trade receivables | 40 | €23,397 | €15,683 | -€7,714 | -33.0% |
| Other amounts receivable | 41 | €64,456 | €32,410 | -€32,046 | -49.7% |
| Current investments | 50/53 | €22,178 | €129,787 | +€107,608 | +485.2% |
| Cash at bank and in hand | 54/58 | €1,826 | €2,062 | +€236 | +12.9% |
| Total equity and liabilities | 10/49 | €1,023,763 | €907,666 | -€116,097 | -11.3% |
| Equity | 10/15 | €860,631 | €784,876 | -€75,755 | -8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €876,258 | €807,308 | -€68,951 | -7.9% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,800 | €1,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €152,064 | €146,332 | -€5,732 | -3.8% |
| Distributable reserves | 133 | €722,395 | €659,176 | -€63,219 | -8.8% |
| Profit (loss) carried forward | 14 | -€34,228 | -€41,032 | -€6,804 | -19.9% |
| Provisions and deferred taxes | 16 | €50,688 | €48,777 | -€1,911 | -3.8% |
| Deferred taxes | 168 | €50,688 | €48,777 | -€1,911 | -3.8% |
| Amounts payable | 17/49 | €112,445 | €74,013 | -€38,432 | -34.2% |
| Amounts payable within one year | 42/48 | €112,445 | €74,013 | -€38,432 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €8,794 | €3,845 | -€4,949 | -56.3% |
| Trade debts | 44 | €3,345 | €2,491 | -€854 | -25.5% |
| Suppliers | 440/4 | €3,345 | €2,491 | -€854 | -25.5% |
| Taxes, remuneration and social security | 45 | €5,452 | €4,833 | -€619 | -11.4% |
| Taxes | 450/3 | €4,952 | €4,833 | -€119 | -2.4% |
| Remuneration and social security | 454/9 | €500 | - | -€500 | |
| Other amounts payable | 47/48 | €94,855 | €62,844 | -€32,010 | -33.7% |
| Non-recurring operating income | 76A | - | €11,937 | +€11,937 | |
| Remuneration, social security and pensions | 62 | €44 | - | -€44 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,172 | €30,981 | -€5,191 | -14.4% |
| Other operating charges | 640/8 | €11,786 | €11,346 | -€441 | -3.7% |
| Non-recurring operating charges | 66A | €2,996 | €13,712 | +€10,716 | +357.7% |
| Gross operating margin | 9900 | €9,863 | €40,519 | +€30,656 | +310.8% |
| Operating profit (loss) | 9901 | -€41,135 | -€15,519 | +€25,616 | +62.3% |
| Financial income | 75/76B | €898 | €2,125 | +€1,227 | +136.7% |
| Recurring financial income | 75 | €898 | €2,125 | +€1,227 | +136.7% |
| Financial charges | 65/66B | €1,458 | €445 | -€1,014 | -69.5% |
| Recurring financial charges | 65 | €1,458 | €445 | -€1,014 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | -€41,695 | -€13,838 | +€27,857 | +66.8% |
| Transfer from deferred taxes | 780 | €1,911 | €1,911 | = | 0.0% |
| Income taxes | 67/77 | €175 | €608 | +€433 | +247.2% |
| Profit (loss) for the period | 9904 | -€39,960 | -€12,536 | +€27,424 | +68.6% |
| Transfer from tax-exempt reserves | 789 | €5,732 | €5,732 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,228 | -€6,804 | +€27,424 | +80.1% |
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 2 October 2026 via checked.be.