Savemak Vastgoed: 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.
Savemak Vastgoed
Largest movements
- Receivables within one year +€26,335
up €26,335 (+59.5%), from €44,269 to €70,604
of which Trade receivables: +€15,201
- Cash +€16,058
up €16,058 (+2.7%), from €594,452 to €610,510
mainly Advances received (+€68,520) and Other debts (+€27,672)
- Advances received +€68,520
up €68,520 (+28.8%), from €237,734 to €306,255
- Trade debts -€37,950
down €37,950 (-36.6%), from €103,821 to €65,871
- Other debts +€27,672
up €27,672 (+26.2%), from €105,802 to €133,474
- Tax, wage and social debts -€15,599
down €15,599 (-40.0%), from €39,019 to €23,420
of which Taxes: -€16,184
- Debts after one year +€9,510
new in 2025: €9,510
- Gross operating margin -€26,941
down €26,941 (-15.7%), from €172,010 to €145,069
- Staff costs -€10,665
down €10,665 (-8.0%), from €133,964 to €123,299
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 | €695,317 | €745,106 | +€49,789 | +7.2% |
| Fixed assets | 21/28 | €50,367 | €57,176 | +€6,809 | +13.5% |
| Tangible fixed assets | 22/27 | €50,367 | €53,726 | +€3,359 | +6.7% |
| Land and buildings | 22 | €23,977 | €20,721 | -€3,255 | -13.6% |
| Plant, machinery and equipment | 23 | €17,655 | €15,954 | -€1,701 | -9.6% |
| Furniture and vehicles | 24 | €5,757 | €14,963 | +€9,205 | +160% |
| Other tangible fixed assets | 26 | €2,978 | €2,088 | -€890 | -29.9% |
| Financial fixed assets | 28 | - | €3,450 | +€3,450 | |
| Current assets | 29/58 | €644,950 | €687,930 | +€42,980 | +6.7% |
| Amounts receivable within one year | 40/41 | €44,269 | €70,604 | +€26,335 | +59.5% |
| Trade receivables | 40 | €38,654 | €53,855 | +€15,201 | +39.3% |
| Other amounts receivable | 41 | €5,615 | €16,749 | +€11,134 | +198% |
| Cash at bank and in hand | 54/58 | €594,452 | €610,510 | +€16,058 | +2.7% |
| Deferred charges and accrued income | 490/1 | €6,229 | €6,816 | +€587 | +9.4% |
| Total equity and liabilities | 10/49 | €695,317 | €745,106 | +€49,789 | +7.2% |
| Equity | 10/15 | €205,178 | €206,059 | +€881 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €186,578 | €187,459 | +€881 | +0.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €186,578 | €187,459 | +€881 | +0.5% |
| Amounts payable | 17/49 | €490,140 | €539,048 | +€48,908 | +10.0% |
| Amounts payable after more than one year | 17 | - | €9,510 | +€9,510 | |
| Other amounts payable | 178/9 | - | €9,510 | +€9,510 | |
| Amounts payable within one year | 42/48 | €490,140 | €529,538 | +€39,398 | +8.0% |
| Financial debts | 43 | €3,764 | €518 | -€3,246 | -86.2% |
| Credit institutions | 430/8 | €3,764 | €518 | -€3,246 | -86.2% |
| Trade debts | 44 | €103,821 | €65,871 | -€37,950 | -36.6% |
| Suppliers | 440/4 | €103,821 | €65,871 | -€37,950 | -36.6% |
| Advances received on contracts in progress | 46 | €237,734 | €306,255 | +€68,520 | +28.8% |
| Taxes, remuneration and social security | 45 | €39,019 | €23,420 | -€15,599 | -40.0% |
| Taxes | 450/3 | €16,469 | €285 | -€16,184 | -98.3% |
| Remuneration and social security | 454/9 | €22,550 | €23,135 | +€585 | +2.6% |
| Other amounts payable | 47/48 | €105,802 | €133,474 | +€27,672 | +26.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,793 | €25,360 | +€23,567 | +1,314% |
| Remuneration, social security and pensions | 62 | €133,964 | €123,299 | -€10,665 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,629 | €8,009 | +€1,381 | +20.8% |
| Other operating charges | 640/8 | €1,199 | €2,716 | +€1,516 | +126% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €172,010 | €145,069 | -€26,941 | -15.7% |
| Operating profit (loss) | 9901 | €30,218 | €11,045 | -€19,173 | -63.4% |
| Financial income | 75/76B | €636 | €149 | -€487 | -76.5% |
| Recurring financial income | 75 | €636 | €149 | -€487 | -76.5% |
| Financial charges | 65/66B | €7,724 | €6,429 | -€1,294 | -16.8% |
| Recurring financial charges | 65 | €7,724 | €6,429 | -€1,294 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €23,130 | €4,765 | -€18,365 | -79.4% |
| Income taxes | 67/77 | €2,729 | €3,884 | +€1,154 | +42.3% |
| Profit (loss) for the period | 9904 | €20,401 | €881 | -€19,519 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,401 | €881 | -€19,519 | -95.7% |
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 29 October 2026 via checked.be.