SAVERAN: 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.
SAVERAN
Largest movements
- Receivables within one year -€131,691
down €131,691 (-76.4%), from €172,455 to €40,763
of which Trade receivables: -€129,535
- Cash +€126,339
up €126,339 (+60.1%), from €210,093 to €336,432
mainly Receivables within one year (+€131,691) and Stocks and contracts (+€12,329)
- Stocks and contracts -€12,329
down €12,329 (-100.0%), from €12,329 to €0
- Tangible fixed assets -€4,686
down €4,686 (-7.7%), from €60,673 to €55,988
of which Land and buildings: -€3,912
- Tax, wage and social debts -€12,616
down €12,616 (-67.6%), from €18,675 to €6,058
of which Taxes: -€12,301
- Gross operating margin -€52,443
down €52,443 (-42.6%), from €123,064 to €70,621
- Staff costs -€18,319
down €18,319 (-22.0%), from €83,410 to €65,091
- Taxes -€8,581
down €8,581 (-100.0%), from €8,581 to €0
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 | €455,595 | €433,183 | -€22,413 | -4.9% |
| Fixed assets | 21/28 | €60,673 | €55,988 | -€4,686 | -7.7% |
| Tangible fixed assets | 22/27 | €60,673 | €55,988 | -€4,686 | -7.7% |
| Land and buildings | 22 | €58,660 | €54,748 | -€3,912 | -6.7% |
| Plant, machinery and equipment | 23 | €2,013 | €1,239 | -€773 | -38.4% |
| Current assets | 29/58 | €394,922 | €377,195 | -€17,727 | -4.5% |
| Stocks and contracts in progress | 3 | €12,329 | €0 | -€12,329 | -100.0% |
| Stocks | 30/36 | €12,329 | €0 | -€12,329 | -100.0% |
| Amounts receivable within one year | 40/41 | €172,455 | €40,763 | -€131,691 | -76.4% |
| Trade receivables | 40 | €167,104 | €37,568 | -€129,535 | -77.5% |
| Other amounts receivable | 41 | €5,351 | €3,195 | -€2,156 | -40.3% |
| Cash at bank and in hand | 54/58 | €210,093 | €336,432 | +€126,339 | +60.1% |
| Deferred charges and accrued income | 490/1 | €46 | €0 | -€46 | -100.0% |
| Total equity and liabilities | 10/49 | €455,595 | €433,183 | -€22,413 | -4.9% |
| Equity | 10/15 | €430,208 | €421,791 | -€8,417 | -2.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €351,060 | €346,791 | -€4,269 | -1.2% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €961 | €961 | = | 0.0% |
| Distributable reserves | 133 | €342,598 | €338,329 | -€4,269 | -1.2% |
| Profit (loss) carried forward | 14 | €4,148 | €0 | -€4,148 | -100.0% |
| Amounts payable | 17/49 | €25,388 | €11,392 | -€13,996 | -55.1% |
| Amounts payable within one year | 42/48 | €25,388 | €11,392 | -€13,996 | -55.1% |
| Trade debts | 44 | €3,417 | €2,038 | -€1,379 | -40.4% |
| Suppliers | 440/4 | €3,417 | €2,038 | -€1,379 | -40.4% |
| Taxes, remuneration and social security | 45 | €18,675 | €6,058 | -€12,616 | -67.6% |
| Taxes | 450/3 | €12,301 | €0 | -€12,301 | -100.0% |
| Remuneration and social security | 454/9 | €6,374 | €6,058 | -€316 | -5.0% |
| Other amounts payable | 47/48 | €3,296 | €3,296 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €83,410 | €65,091 | -€18,319 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,860 | €4,686 | -€175 | -3.6% |
| Other operating charges | 640/8 | €8,641 | €8,911 | +€269 | +3.1% |
| Gross operating margin | 9900 | €123,064 | €70,621 | -€52,443 | -42.6% |
| Operating profit (loss) | 9901 | €26,152 | -€8,067 | -€34,219 | |
| Financial income | 75/76B | €290 | €0 | -€290 | -99.9% |
| Recurring financial income | 75 | €290 | €0 | -€290 | -99.9% |
| Financial charges | 65/66B | €263 | €350 | +€87 | +33.1% |
| Recurring financial charges | 65 | €263 | €350 | +€87 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €26,179 | -€8,417 | -€34,596 | |
| Income taxes | 67/77 | €8,581 | €0 | -€8,581 | -100.0% |
| Profit (loss) for the period | 9904 | €17,598 | -€8,417 | -€26,015 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,598 | -€8,417 | -€26,015 |
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 5 October 2026 via checked.be.