SAVE S: 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.
SAVE S
Largest movements
- Current investments +€40,063
new in 2025: €40,063
- Receivables within one year -€9,828
down €9,828 (-20.0%), from €49,160 to €39,332
of which Other amounts receivable: -€11,456
- Tangible fixed assets -€9,103
down €9,103 (-36.5%), from €24,909 to €15,806
of which Leasing and similar rights: -€10,868
- Cash -€3,105
down €3,105 (-45.7%), from €6,795 to €3,690
mainly Current investments (-€40,063) and Contributions, distributions and other (-€23,999)
- Reserves +€14,000
up €14,000 (+43.8%), from €32,000 to €46,000
- Other debts +€10,700
up €10,700 (+80.5%), from €13,300 to €24,000
- Short-term financial debts +€8,125
new in 2025: €8,125
- Debts after one year -€5,377
no longer reported in 2025 (was €5,377)
- Current portion of long-term debt -€3,770
down €3,770 (-41.2%), from €9,146 to €5,376
- Gross operating margin +€16,465
up €16,465 (+32.3%), from €50,984 to €67,449
- Taxes +€2,690
up €2,690 (+28.0%), from €9,622 to €12,312
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 | €80,864 | €99,016 | +€18,152 | +22.4% |
| Fixed assets | 21/28 | €24,909 | €15,806 | -€9,103 | -36.5% |
| Tangible fixed assets | 22/27 | €24,909 | €15,806 | -€9,103 | -36.5% |
| Land and buildings | 22 | €1,690 | €5,359 | +€3,669 | +217.1% |
| Furniture and vehicles | 24 | €5,106 | €3,202 | -€1,904 | -37.3% |
| Leasing and similar rights | 25 | €18,113 | €7,245 | -€10,868 | -60.0% |
| Current assets | 29/58 | €55,955 | €83,210 | +€27,255 | +48.7% |
| Amounts receivable within one year | 40/41 | €49,160 | €39,332 | -€9,828 | -20.0% |
| Trade receivables | 40 | €496 | €2,124 | +€1,628 | +328.2% |
| Other amounts receivable | 41 | €48,664 | €37,208 | -€11,456 | -23.5% |
| Current investments | 50/53 | - | €40,063 | +€40,063 | |
| Cash at bank and in hand | 54/58 | €6,795 | €3,690 | -€3,105 | -45.7% |
| Deferred charges and accrued income | 490/1 | - | €125 | +€125 | |
| Total equity and liabilities | 10/49 | €80,864 | €99,016 | +€18,152 | +22.4% |
| Equity | 10/15 | €39,024 | €52,815 | +€13,791 | +35.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,000 | €46,000 | +€14,000 | +43.8% |
| Distributable reserves | 133 | €32,000 | €46,000 | +€14,000 | +43.8% |
| Profit (loss) carried forward | 14 | €824 | €615 | -€209 | -25.4% |
| Amounts payable | 17/49 | €41,840 | €46,201 | +€4,361 | +10.4% |
| Amounts payable after more than one year | 17 | €5,377 | - | -€5,377 | |
| Financial debts | 170/4 | €5,377 | - | -€5,377 | |
| Amounts payable within one year | 42/48 | €29,046 | €41,101 | +€12,055 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €9,146 | €5,376 | -€3,770 | -41.2% |
| Financial debts | 43 | - | €8,125 | +€8,125 | |
| Credit institutions | 430/8 | - | €8,125 | +€8,125 | |
| Taxes, remuneration and social security | 45 | €6,600 | €3,600 | -€3,000 | -45.5% |
| Taxes | 450/3 | €6,600 | €3,600 | -€3,000 | -45.5% |
| Other amounts payable | 47/48 | €13,300 | €24,000 | +€10,700 | +80.5% |
| Accrued charges and deferred income | 492/3 | €7,417 | €5,100 | -€2,317 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,818 | €13,164 | +€346 | +2.7% |
| Other operating charges | 640/8 | €1,679 | €1,662 | -€17 | -1.0% |
| Gross operating margin | 9900 | €50,984 | €67,449 | +€16,465 | +32.3% |
| Operating profit (loss) | 9901 | €36,487 | €52,623 | +€16,136 | +44.2% |
| Financial income | 75/76B | €1 | €97 | +€96 | +9600.0% |
| Recurring financial income | 75 | €1 | €97 | +€96 | +9600.0% |
| Financial charges | 65/66B | €2,775 | €2,618 | -€157 | -5.7% |
| Recurring financial charges | 65 | €2,775 | €2,618 | -€157 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €33,713 | €50,102 | +€16,389 | +48.6% |
| Income taxes | 67/77 | €9,622 | €12,312 | +€2,690 | +28.0% |
| Profit (loss) for the period | 9904 | €24,091 | €37,790 | +€13,699 | +56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,091 | €37,790 | +€13,699 | +56.9% |
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 30 September 2026 via checked.be.