SAVERBEL: 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.
What changed
SAVERBEL
NACE 93.110, Operation of sports facilities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.5m
2024 · -€3.4m+€1.9m
Equity
€54.0m
2024 · €55.5m-€1.5m
Cash
€100,893
2024 · €39,231+€61,662
Balance sheet total
€83.0m
2024 · €63.3m+€19.7m
Largest movements
Assets
- Financial fixed assets +€18.7m
up €18.7m (+33.1%), from €56.4m to €75.1m
of which Affiliated companies: +€18.7m
Equity and liabilities
- Other debts +€21.3m
up €21.3m (+285%), from €7.4m to €28.7m
- Profit (loss) carried forward -€1.5m
down €1.5m (-44.4%), from -€3.4m to -€5.0m
Income statement
- Financial charges -€1.8m
down €1.8m (-48.9%), from €3.6m to €1.8m
of which Financial charges: -€1.8m
- Staff costs -€357,745
down €357,745 (-49.7%), from €719,334 to €361,589
- Services and other goods -€326,102
down €326,102 (-55.1%), from €592,355 to €266,252
- Financial income -€281,289
down €281,289 (-33.2%), from €848,473 to €567,183
of which Financial income: -€291,289
- Other operating income -€120,854
down €120,854 (-24.7%), from €488,612 to €367,758
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.
Result 2024
-€3.4m
Turnover
-€95,213
Other operating income
-€120,854
Services and other goods
+€326,102
Staff costs
+€357,745
Depreciation
-€17,575
Other operating charges
-€16,952
Financial income
-€281,289
Financial charges
+€1.8m
Taxes
+€394
Result 2025
-€1.5m
raises the resultlowers the result
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.
From operations
+€19.0m
Investment
-€19.0m
Financing
-€3,328
Cash 2024
€39,231
From operations (derived)
+€19.0m
Net result for the year
-€1.5m
Depreciation
+€51,361
Receivables within one year
-€665,948
Smaller working-capital items
-€13,257
Trade debts
-€75,373
Other debts
+€21.3m
Investment (derived)
-€19.0m
Investment in fixed assets (net)
-€19.0m
Financing
-€3,328
Debts after one year
-€555
Current portion of long-term debt
-€2,773
Cash 2025
€100,893
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,285,672 | €82,952,111 | +€19.7m | +31.1% |
| Fixed assets | 21/28 | €57,280,745 | €76,197,590 | +€18.9m | +33.0% |
| Tangible fixed assets | 22/27 | €836,705 | €1,089,888 | +€253,183 | +30.3% |
| Land and buildings | 22 | €793,612 | €887,575 | +€93,963 | +11.8% |
| Plant, machinery and equipment | 23 | €312 | - | -€312 | |
| Furniture and vehicles | 24 | €38,696 | €152,426 | +€113,729 | +294% |
| Leasing and similar rights | 25 | €4,085 | €757 | -€3,328 | -81.5% |
| Assets under construction and advance payments | 27 | - | €49,131 | +€49,131 | |
| Financial fixed assets | 28 | €56,444,041 | €75,107,702 | +€18.7m | +33.1% |
| Affiliated companies | 280/1 | €56,441,762 | €75,105,423 | +€18.7m | +33.1% |
| Participating interests | 280 | €20,578,140 | €25,578,140 | +€5.0m | +24.3% |
| Amounts receivable | 281 | €35,863,622 | €49,527,283 | +€13.7m | +38.1% |
| Other financial fixed assets | 284/8 | €2,279 | €2,279 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,279 | €2,279 | = | 0.0% |
| Current assets | 29/58 | €6,004,927 | €6,754,522 | +€749,595 | +12.5% |
| Amounts receivable after more than one year | 29 | €4,499,881 | €4,499,881 | = | 0.0% |
| Other amounts receivable | 291 | €4,499,881 | €4,499,881 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,465,815 | €2,131,763 | +€665,948 | +45.4% |
| Trade receivables | 40 | €448,562 | €413,578 | -€34,984 | -7.8% |
| Other amounts receivable | 41 | €1,017,253 | €1,718,186 | +€700,933 | +68.9% |
| Cash at bank and in hand | 54/58 | €39,231 | €100,893 | +€61,662 | +157% |
| Deferred charges and accrued income | 490/1 | - | €21,985 | +€21,985 | |
| Total equity and liabilities | 10/49 | €63,285,672 | €82,952,111 | +€19.7m | +31.1% |
| Equity | 10/15 | €55,545,457 | €54,017,434 | -€1.5m | -2.8% |
| Contributions | 10/11 | €58,986,750 | €58,986,750 | = | 0.0% |
| Capital | 10 | €58,986,750 | €58,986,750 | = | 0.0% |
| Issued capital | 100 | €58,986,750 | €58,986,750 | = | 0.0% |
| Reserves | 13 | €2 | €2 | = | 0.0% |
| Distributable reserves | 133 | €2 | €2 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,441,295 | -€4,969,318 | -€1.5m | -44.4% |
| Amounts payable | 17/49 | €7,740,214 | €28,934,677 | +€21.2m | +274% |
| Amounts payable after more than one year | 17 | €1,795 | €1,240 | -€555 | -30.9% |
| Financial debts | 170/4 | €555 | - | -€555 | |
| Leasing and similar obligations | 172 | €555 | - | -€555 | |
| Other amounts payable | 178/9 | €1,240 | €1,240 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,738,420 | €28,933,437 | +€21.2m | +274% |
| Current portion of amounts payable after more than one year | 42 | €3,328 | €555 | -€2,773 | -83.3% |
| Trade debts | 44 | €240,667 | €165,293 | -€75,373 | -31.3% |
| Suppliers | 440/4 | €240,667 | €165,293 | -€75,373 | -31.3% |
| Taxes, remuneration and social security | 45 | €44,796 | €53,523 | +€8,728 | +19.5% |
| Taxes | 450/3 | €10,269 | €5,550 | -€4,719 | -45.9% |
| Remuneration and social security | 454/9 | €34,526 | €47,973 | +€13,447 | +38.9% |
| Other amounts payable | 47/48 | €7,449,629 | €28,714,066 | +€21.3m | +285% |
| Operating income | 70/76A | €678,401 | €462,335 | -€216,067 | -31.8% |
| Turnover | 70 | €189,790 | €94,577 | -€95,213 | -50.2% |
| Other operating income | 74 | €488,612 | €367,758 | -€120,854 | -24.7% |
| Operating charges | 60/66A | €1,365,917 | €716,597 | -€649,320 | -47.5% |
| Services and other goods | 61 | €592,355 | €266,252 | -€326,102 | -55.1% |
| Remuneration, social security and pensions | 62 | €719,334 | €361,589 | -€357,745 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,786 | €51,361 | +€17,575 | +52.0% |
| Other operating charges | 640/8 | €20,443 | €37,395 | +€16,952 | +82.9% |
| Operating profit (loss) | 9901 | -€687,516 | -€254,262 | +€433,253 | +63.0% |
| Financial income | 75/76B | €848,473 | €567,183 | -€281,289 | -33.2% |
| Recurring financial income | 75 | €848,473 | €557,183 | -€291,289 | -34.3% |
| Income from financial fixed assets | 750 | - | €220,133 | +€220,133 | |
| Income from current assets | 751 | €848,473 | €337,051 | -€511,422 | -60.3% |
| Non-recurring financial income | 76B | - | €10,000 | +€10,000 | |
| Financial charges | 65/66B | €3,600,249 | €1,839,335 | -€1.8m | -48.9% |
| Recurring financial charges | 65 | €3,600,249 | €1,754,929 | -€1.8m | -51.3% |
| Debt charges | 650 | €3,366,142 | €413,692 | -€3.0m | -87.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €46,914 | €17,508 | -€29,407 | -62.7% |
| Other financial charges | 652/9 | €187,192 | €1,323,729 | +€1.1m | +607% |
| Non-recurring financial charges | 66B | - | €84,406 | +€84,406 | |
| Profit (loss) for the period before taxes | 9903 | -€3,439,291 | -€1,526,414 | +€1.9m | +55.6% |
| Income taxes | 67/77 | €2,003 | €1,609 | -€394 | -19.7% |
| Taxes | 670/3 | €2,003 | €1,609 | -€394 | -19.7% |
| Profit (loss) for the period | 9904 | -€3,441,295 | -€1,528,023 | +€1.9m | +55.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,441,295 | -€1,528,023 | +€1.9m | +55.6% |
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 21 October 2026 via checked.be.