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
- Cash +€86,260
up €86,260 (+239%), from €36,094 to €122,354
mainly Deferred charges and accrued income (+€81,247) and Net result for the year (+€69,882)
- Deferred charges and accrued income -€81,247
down €81,247 (-38.3%), from €212,168 to €130,921
- Tangible fixed assets +€24,315
up €24,315 (+5.2%), from €463,700 to €488,015
of which Land and buildings: +€25,502
- Reserves +€69,000
up €69,000 (+16.7%), from €413,128 to €482,128
- Tax, wage and social debts -€27,056
down €27,056 (-22.0%), from €123,113 to €96,057
- Other debts -€12,540
down €12,540 (-44.8%), from €27,965 to €15,425
- Gross operating margin -€124,651
down €124,651 (-47.9%), from €260,227 to €135,575
- Taxes -€46,081
down €46,081 (-56.6%), from €81,387 to €35,306
- Depreciation +€3,160
up €3,160 (+13.4%), from €23,634 to €26,794
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 | €774,915 | €812,269 | +€37,353 | +4.8% |
| Fixed assets | 21/28 | €463,700 | €488,015 | +€24,315 | +5.2% |
| Tangible fixed assets | 22/27 | €463,700 | €488,015 | +€24,315 | +5.2% |
| Land and buildings | 22 | €455,015 | €480,517 | +€25,502 | +5.6% |
| Furniture and vehicles | 24 | €8,685 | €7,497 | -€1,187 | -13.7% |
| Current assets | 29/58 | €311,215 | €324,254 | +€13,039 | +4.2% |
| Amounts receivable within one year | 40/41 | - | €2,419 | +€2,419 | |
| Trade receivables | 40 | - | €2,419 | +€2,419 | |
| Current investments | 50/53 | €62,953 | €68,561 | +€5,608 | +8.9% |
| Cash at bank and in hand | 54/58 | €36,094 | €122,354 | +€86,260 | +239% |
| Deferred charges and accrued income | 490/1 | €212,168 | €130,921 | -€81,247 | -38.3% |
| Total equity and liabilities | 10/49 | €774,915 | €812,269 | +€37,353 | +4.8% |
| Equity | 10/15 | €623,519 | €693,402 | +€69,882 | +11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €413,128 | €482,128 | +€69,000 | +16.7% |
| Distributable reserves | 133 | €413,128 | €482,128 | +€69,000 | +16.7% |
| Profit (loss) carried forward | 14 | €204,192 | €205,074 | +€882 | +0.4% |
| Amounts payable | 17/49 | €151,396 | €118,867 | -€32,529 | -21.5% |
| Amounts payable within one year | 42/48 | €151,396 | €118,867 | -€32,529 | -21.5% |
| Trade debts | 44 | €319 | €7,386 | +€7,067 | +2,218% |
| Suppliers | 440/4 | €319 | €7,386 | +€7,067 | +2,218% |
| Taxes, remuneration and social security | 45 | €123,113 | €96,057 | -€27,056 | -22.0% |
| Taxes | 450/3 | €123,113 | €96,057 | -€27,056 | -22.0% |
| Other amounts payable | 47/48 | €27,965 | €15,425 | -€12,540 | -44.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,634 | €26,794 | +€3,160 | +13.4% |
| Other operating charges | 640/8 | €2,088 | €4,605 | +€2,517 | +121% |
| Gross operating margin | 9900 | €260,227 | €135,575 | -€124,651 | -47.9% |
| Operating profit (loss) | 9901 | €234,504 | €104,176 | -€130,329 | -55.6% |
| Financial income | 75/76B | €1,156 | €1,337 | +€181 | +15.7% |
| Recurring financial income | 75 | €1,156 | €1,337 | +€181 | +15.7% |
| Financial charges | 65/66B | €706 | €324 | -€381 | -54.0% |
| Recurring financial charges | 65 | €706 | €324 | -€381 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €234,955 | €105,188 | -€129,766 | -55.2% |
| Income taxes | 67/77 | €81,387 | €35,306 | -€46,081 | -56.6% |
| Profit (loss) for the period | 9904 | €153,568 | €69,882 | -€83,685 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €153,568 | €69,882 | -€83,685 | -54.5% |
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 31 October 2026 via checked.be.