SAVEER GEMS: 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.
SAVEER GEMS
Largest movements
- Stocks and contracts +€3.7m
up €3.7m (+555%), from €674,546 to €4.4m
- Tangible fixed assets +€325,118
up €325,118 (+3,967%), from €8,196 to €333,313
of which Land and buildings: +€310,551
- Receivables within one year -€157,829
down €157,829 (-5.5%), from €2.9m to €2.7m
of which Trade receivables: -€139,807
- Deferred charges and accrued income -€116,357
down €116,357 (-86.2%), from €134,933 to €18,576
- Cash -€84,051
down €84,051 (-35.6%), from €236,299 to €152,248
mainly Stocks and contracts (-€3.7m) and Investment in fixed assets (net) (-€346,564)
- Trade debts +€3.4m
up €3.4m (+148%), from €2.3m to €5.8m
- Reserves +€184,028
up €184,028 (+8.4%), from €2.2m to €2.4m
- Other debts +€100,000
new in 2025: €100,000
- Gross operating margin +€246,605
up €246,605 (+300%), from €82,108 to €328,713
- Staff costs +€26,817
up €26,817 (+68.9%), from €38,919 to €65,736
- Other operating charges +€26,815
up €26,815 (+1,773%), from €1,512 to €28,327
- Taxes +€20,587
up €20,587 (+194%), from €10,633 to €31,219
- Depreciation +€13,489
up €13,489 (+461%), from €2,928 to €16,417
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 | €4,553,378 | €8,311,034 | +€3.8m | +82.5% |
| Fixed assets | 21/28 | €8,196 | €338,343 | +€330,148 | +4,028% |
| Tangible fixed assets | 22/27 | €8,196 | €333,313 | +€325,118 | +3,967% |
| Land and buildings | 22 | - | €310,551 | +€310,551 | |
| Furniture and vehicles | 24 | €2,683 | €18,116 | +€15,432 | +575% |
| Other tangible fixed assets | 26 | €5,512 | €4,646 | -€866 | -15.7% |
| Financial fixed assets | 28 | - | €5,030 | +€5,030 | |
| Current assets | 29/58 | €4,545,182 | €7,972,691 | +€3.4m | +75.4% |
| Amounts receivable after more than one year | 29 | €625,834 | €667,804 | +€41,970 | +6.7% |
| Other amounts receivable | 291 | €625,834 | €667,804 | +€41,970 | +6.7% |
| Stocks and contracts in progress | 3 | €674,546 | €4,418,322 | +€3.7m | +555% |
| Stocks | 30/36 | €674,546 | €4,418,322 | +€3.7m | +555% |
| Amounts receivable within one year | 40/41 | €2,873,571 | €2,715,741 | -€157,829 | -5.5% |
| Trade receivables | 40 | €2,851,746 | €2,711,939 | -€139,807 | -4.9% |
| Other amounts receivable | 41 | €21,825 | €3,802 | -€18,023 | -82.6% |
| Cash at bank and in hand | 54/58 | €236,299 | €152,248 | -€84,051 | -35.6% |
| Deferred charges and accrued income | 490/1 | €134,933 | €18,576 | -€116,357 | -86.2% |
| Total equity and liabilities | 10/49 | €4,553,378 | €8,311,034 | +€3.8m | +82.5% |
| Equity | 10/15 | €2,222,167 | €2,406,195 | +€184,028 | +8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,203,567 | €2,387,595 | +€184,028 | +8.4% |
| Distributable reserves | 133 | €2,203,567 | €2,387,595 | +€184,028 | +8.4% |
| Amounts payable | 17/49 | €2,331,211 | €5,904,839 | +€3.6m | +153% |
| Amounts payable within one year | 42/48 | €2,331,211 | €5,904,839 | +€3.6m | +153% |
| Trade debts | 44 | €2,325,020 | €5,769,225 | +€3.4m | +148% |
| Suppliers | 440/4 | €2,325,020 | €5,769,225 | +€3.4m | +148% |
| Taxes, remuneration and social security | 45 | €6,191 | €35,614 | +€29,423 | +475% |
| Taxes | 450/3 | €6,191 | €31,295 | +€25,104 | +406% |
| Remuneration and social security | 454/9 | - | €4,319 | +€4,319 | |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Remuneration, social security and pensions | 62 | €38,919 | €65,736 | +€26,817 | +68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,928 | €16,417 | +€13,489 | +461% |
| Other operating charges | 640/8 | €1,512 | €28,327 | +€26,815 | +1,773% |
| Non-recurring operating charges | 66A | €2,586 | - | -€2,586 | |
| Gross operating margin | 9900 | €82,108 | €328,713 | +€246,605 | +300% |
| Operating profit (loss) | 9901 | €36,163 | €218,233 | +€182,070 | +503% |
| Financial income | 75/76B | €18,041 | €18,675 | +€634 | +3.5% |
| Recurring financial income | 75 | €18,041 | €18,675 | +€634 | +3.5% |
| Financial charges | 65/66B | €15,985 | €21,660 | +€5,675 | +35.5% |
| Recurring financial charges | 65 | €15,985 | €21,660 | +€5,675 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €38,219 | €215,248 | +€177,028 | +463% |
| Income taxes | 67/77 | €10,633 | €31,219 | +€20,587 | +194% |
| Profit (loss) for the period | 9904 | €27,587 | €184,028 | +€156,441 | +567% |
| Profit (loss) for the period to be appropriated | 9905 | €27,587 | €184,028 | +€156,441 | +567% |
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 22 October 2026 via checked.be.