SAVE INVEST: 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.
SAVE INVEST
Largest movements
- Receivables within one year -€46,688
down €46,688 (-22.3%), from €209,595 to €162,906
of which Trade receivables: -€59,914
- Cash -€11,498
down €11,498 (-99.7%), from €11,533 to €34
mainly Advances received (-€53,905) and Trade debts (-€51,422)
- Other debts +€99,993
up €99,993 (+2,002%), from €4,994 to €104,987
- Advances received -€53,905
no longer reported in 2024 (was €53,905)
- Trade debts -€51,422
down €51,422 (-63.9%), from €80,522 to €29,100
- Short-term financial debts -€34,052
down €34,052 (-53.2%), from €64,048 to €29,996
- Tax, wage and social debts -€19,931
down €19,931 (-67.6%), from €29,469 to €9,538
- Gross operating margin -€17,099
down €17,099, from €16,509 to -€589
- Taxes -€15,669
down €15,669, from €654 to -€15,014
- Depreciation -€15,550
down €15,550 (-95.8%), from €16,237 to €686
- Financial charges +€11,060
up €11,060 (+253%), from €4,368 to €15,428
of which Non-recurring financial charges: +€11,641
- Other operating charges -€4,178
down €4,178 (-79.3%), from €5,269 to €1,091
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,798 | €163,026 | -€60,772 | -27.2% |
| Fixed assets | 21/28 | €771 | €85 | -€686 | -89.0% |
| Tangible fixed assets | 22/27 | €771 | €85 | -€686 | -89.0% |
| Furniture and vehicles | 24 | €771 | €85 | -€686 | -89.0% |
| Current assets | 29/58 | €223,027 | €162,941 | -€60,086 | -26.9% |
| Amounts receivable within one year | 40/41 | €209,595 | €162,906 | -€46,688 | -22.3% |
| Trade receivables | 40 | €59,914 | - | -€59,914 | |
| Other amounts receivable | 41 | €149,681 | €162,906 | +€13,226 | +8.8% |
| Cash at bank and in hand | 54/58 | €11,533 | €34 | -€11,498 | -99.7% |
| Deferred charges and accrued income | 490/1 | €1,899 | - | -€1,899 | |
| Total equity and liabilities | 10/49 | €223,798 | €163,026 | -€60,772 | -27.2% |
| Equity | 10/15 | -€14,316 | -€10,596 | +€3,721 | +26.0% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Contributions outside capital | 11 | €14,874 | €14,874 | = | 0.0% |
| Other | 1109/19 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €35,711 | €35,711 | = | 0.0% |
| Distributable reserves | 133 | €35,711 | €35,711 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,901 | -€61,181 | +€3,721 | +5.7% |
| Amounts payable | 17/49 | €238,114 | €173,621 | -€64,493 | -27.1% |
| Amounts payable within one year | 42/48 | €238,114 | €173,621 | -€64,493 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €5,176 | - | -€5,176 | |
| Financial debts | 43 | €64,048 | €29,996 | -€34,052 | -53.2% |
| Credit institutions | 430/8 | €64,048 | €29,996 | -€34,052 | -53.2% |
| Trade debts | 44 | €80,522 | €29,100 | -€51,422 | -63.9% |
| Suppliers | 440/4 | €80,522 | €29,100 | -€51,422 | -63.9% |
| Advances received on contracts in progress | 46 | €53,905 | - | -€53,905 | |
| Taxes, remuneration and social security | 45 | €29,469 | €9,538 | -€19,931 | -67.6% |
| Taxes | 450/3 | €29,469 | €9,538 | -€19,931 | -67.6% |
| Other amounts payable | 47/48 | €4,994 | €104,987 | +€99,993 | +2,002% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,237 | €686 | -€15,550 | -95.8% |
| Other operating charges | 640/8 | €5,269 | €1,091 | -€4,178 | -79.3% |
| Gross operating margin | 9900 | €16,509 | -€589 | -€17,099 | |
| Operating profit (loss) | 9901 | -€4,996 | -€2,366 | +€2,630 | +52.6% |
| Financial income | 75/76B | €6,069 | €6,501 | +€432 | +7.1% |
| Recurring financial income | 75 | €6,069 | €6,501 | +€432 | +7.1% |
| Financial charges | 65/66B | €4,368 | €15,428 | +€11,060 | +253% |
| Recurring financial charges | 65 | €4,368 | €3,788 | -€581 | -13.3% |
| Non-recurring financial charges | 66B | - | €11,641 | +€11,641 | |
| Profit (loss) for the period before taxes | 9903 | -€3,295 | -€11,294 | -€7,998 | -243% |
| Income taxes | 67/77 | €654 | -€15,014 | -€15,669 | |
| Profit (loss) for the period | 9904 | -€3,949 | €3,721 | +€7,670 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,949 | €3,721 | +€7,670 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.