SAVERMO: 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.
SAVERMO
Largest movements
- Receivables within one year +€2.9m
up €2.9m (+2435.2%), from €120,581 to €3.1m
of which Other amounts receivable: +€2.9m
- Stocks and contracts -€1.9m
no longer reported in 2026 (was €1.9m)
- Tangible fixed assets -€102,788
down €102,788 (-17.3%), from €594,943 to €492,155
of which Other tangible fixed assets: -€53,033
- Cash +€94,577
up €94,577 (+75.7%), from €124,870 to €219,447
mainly Stocks and contracts (+€1.9m) and Trade debts (+€608,284)
- Trade debts +€608,284
up €608,284 (+828.2%), from €73,450 to €681,734
- Profit (loss) carried forward +€494,060
up €494,060, from -€423,599 to €70,461
- Other debts -€118,960
down €118,960 (-99.4%), from €119,663 to €703
- Tax, wage and social debts +€54,257
up €54,257 (+6.0%), from €908,185 to €962,442
of which Taxes: +€76,283
- Gross operating margin -€826,408
down €826,408 (-24.9%), from €3.3m to €2.5m
- Staff costs -€767,341
down €767,341 (-30.7%), from €2.5m to €1.7m
- Depreciation -€162,212
down €162,212 (-55.0%), from €294,796 to €132,584
- Other operating charges +€71,481
up €71,481 (+88.5%), from €80,771 to €152,252
- Taxes -€44,868
down €44,868 (-66.9%), from €67,066 to €22,198
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,765,276 | €3,782,990 | +€1.0m | +36.8% |
| Fixed assets | 21/28 | €595,413 | €502,004 | -€93,409 | -15.7% |
| Intangible fixed assets | 21 | - | €9,379 | +€9,379 | |
| Tangible fixed assets | 22/27 | €594,943 | €492,155 | -€102,788 | -17.3% |
| Plant, machinery and equipment | 23 | €186,551 | €146,309 | -€40,242 | -21.6% |
| Furniture and vehicles | 24 | €15,714 | €6,201 | -€9,513 | -60.5% |
| Other tangible fixed assets | 26 | €392,678 | €339,645 | -€53,033 | -13.5% |
| Financial fixed assets | 28 | €470 | €470 | = | 0.0% |
| Current assets | 29/58 | €2,169,863 | €3,280,986 | +€1.1m | +51.2% |
| Amounts receivable after more than one year | 29 | €3,214 | €4,546 | +€1,332 | +41.4% |
| Other amounts receivable | 291 | €3,214 | €4,546 | +€1,332 | +41.4% |
| Stocks and contracts in progress | 3 | €1,921,198 | - | -€1.9m | |
| Stocks | 30/36 | €1,921,198 | - | -€1.9m | |
| Amounts receivable within one year | 40/41 | €120,581 | €3,056,993 | +€2.9m | +2435.2% |
| Trade receivables | 40 | €109 | €1,244 | +€1,135 | +1041.3% |
| Other amounts receivable | 41 | €120,472 | €3,055,749 | +€2.9m | +2436.5% |
| Cash at bank and in hand | 54/58 | €124,870 | €219,447 | +€94,577 | +75.7% |
| Total equity and liabilities | 10/49 | €2,765,276 | €3,782,990 | +€1.0m | +36.8% |
| Equity | 10/15 | €1,644,051 | €2,138,111 | +€494,060 | +30.1% |
| Contributions | 10/11 | €2,061,500 | €2,061,500 | = | 0.0% |
| Capital | 10 | €2,061,500 | €2,061,500 | = | 0.0% |
| Issued capital | 100 | €2,061,500 | €2,061,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€423,599 | €70,461 | +€494,060 | |
| Amounts payable | 17/49 | €1,121,225 | €1,644,879 | +€523,654 | +46.7% |
| Amounts payable within one year | 42/48 | €1,101,298 | €1,644,879 | +€543,581 | +49.4% |
| Trade debts | 44 | €73,450 | €681,734 | +€608,284 | +828.2% |
| Suppliers | 440/4 | €73,450 | €681,734 | +€608,284 | +828.2% |
| Taxes, remuneration and social security | 45 | €908,185 | €962,442 | +€54,257 | +6.0% |
| Taxes | 450/3 | €627,881 | €704,164 | +€76,283 | +12.1% |
| Remuneration and social security | 454/9 | €280,304 | €258,278 | -€22,026 | -7.9% |
| Other amounts payable | 47/48 | €119,663 | €703 | -€118,960 | -99.4% |
| Accrued charges and deferred income | 492/3 | €19,927 | - | -€19,927 | |
| Non-recurring operating income | 76A | €84,568 | - | -€84,568 | |
| Remuneration, social security and pensions | 62 | €2,498,041 | €1,730,700 | -€767,341 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294,796 | €132,584 | -€162,212 | -55.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,289 | - | -€14,289 | |
| Other operating charges | 640/8 | €80,771 | €152,252 | +€71,481 | +88.5% |
| Gross operating margin | 9900 | €3,323,738 | €2,497,330 | -€826,408 | -24.9% |
| Operating profit (loss) | 9901 | €435,841 | €481,794 | +€45,953 | +10.5% |
| Financial income | 75/76B | €61 | €44,410 | +€44,349 | +72703.3% |
| Recurring financial income | 75 | €61 | €44,410 | +€44,349 | +72703.3% |
| Financial charges | 65/66B | €19,037 | €9,946 | -€9,091 | -47.8% |
| Recurring financial charges | 65 | €19,037 | €9,946 | -€9,091 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €416,865 | €516,258 | +€99,393 | +23.8% |
| Income taxes | 67/77 | €67,066 | €22,198 | -€44,868 | -66.9% |
| Profit (loss) for the period | 9904 | €349,799 | €494,060 | +€144,261 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €349,799 | €494,060 | +€144,261 | +41.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.