SAVERO: 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.
SAVERO
Largest movements
- Stocks and contracts -€23,446
down €23,446 (-42.0%), from €55,851 to €32,405
- Cash -€10,883
down €10,883 (-34.6%), from €31,436 to €20,553
mainly Net result for the year (-€26,774) and Contributions, distributions and other (-€10,454)
- Receivables within one year -€8,238
down €8,238 (-11.4%), from €72,384 to €64,146
of which Trade receivables: -€6,820
- Deferred charges and accrued income -€4,852
down €4,852 (-37.0%), from €13,114 to €8,262
- Tangible fixed assets +€4,784
up €4,784 (+261%), from €1,829 to €6,613
of which Land and buildings: +€3,902
- Reserves -€37,228
down €37,228 (-26.1%), from €142,801 to €105,572
- Tax, wage and social debts -€2,974
down €2,974 (-52.2%), from €5,693 to €2,719
of which Remuneration and social security: -€2,465
- Trade debts -€1,763
down €1,763 (-23.9%), from €7,383 to €5,620
- Gross operating margin -€56,890
down €56,890 (-53.5%), from €106,271 to €49,381
- Staff costs -€26,007
down €26,007 (-26.6%), from €97,755 to €71,748
- Taxes -€1,744
down €1,744 (-100%), from €1,744 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.
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 | €174,615 | €131,979 | -€42,636 | -24.4% |
| Fixed assets | 21/28 | €1,829 | €6,613 | +€4,784 | +261% |
| Tangible fixed assets | 22/27 | €1,829 | €6,613 | +€4,784 | +261% |
| Land and buildings | 22 | €657 | €4,558 | +€3,902 | +594% |
| Plant, machinery and equipment | 23 | €1,173 | €144 | -€1,029 | -87.7% |
| Furniture and vehicles | 24 | €0 | €1,911 | +€1,911 | |
| Current assets | 29/58 | €172,785 | €125,365 | -€47,420 | -27.4% |
| Stocks and contracts in progress | 3 | €55,851 | €32,405 | -€23,446 | -42.0% |
| Stocks | 30/36 | €55,851 | €32,405 | -€23,446 | -42.0% |
| Amounts receivable within one year | 40/41 | €72,384 | €64,146 | -€8,238 | -11.4% |
| Trade receivables | 40 | €69,903 | €63,083 | -€6,820 | -9.8% |
| Other amounts receivable | 41 | €2,481 | €1,062 | -€1,418 | -57.2% |
| Cash at bank and in hand | 54/58 | €31,436 | €20,553 | -€10,883 | -34.6% |
| Deferred charges and accrued income | 490/1 | €13,114 | €8,262 | -€4,852 | -37.0% |
| Total equity and liabilities | 10/49 | €174,615 | €131,979 | -€42,636 | -24.4% |
| Equity | 10/15 | €149,101 | €111,873 | -€37,228 | -25.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €142,801 | €105,572 | -€37,228 | -26.1% |
| Distributable reserves | 133 | €142,801 | €105,572 | -€37,228 | -26.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,514 | €20,106 | -€5,408 | -21.2% |
| Amounts payable within one year | 42/48 | €25,514 | €20,106 | -€5,408 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,383 | €5,620 | -€1,763 | -23.9% |
| Suppliers | 440/4 | €7,383 | €5,620 | -€1,763 | -23.9% |
| Taxes, remuneration and social security | 45 | €5,693 | €2,719 | -€2,974 | -52.2% |
| Taxes | 450/3 | €1,694 | €1,185 | -€509 | -30.1% |
| Remuneration and social security | 454/9 | €3,999 | €1,534 | -€2,465 | -61.6% |
| Other amounts payable | 47/48 | €12,438 | €11,767 | -€671 | -5.4% |
| Remuneration, social security and pensions | 62 | €97,755 | €71,748 | -€26,007 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,027 | €1,234 | -€792 | -39.1% |
| Other operating charges | 640/8 | €934 | €1,807 | +€874 | +93.6% |
| Gross operating margin | 9900 | €106,271 | €49,381 | -€56,890 | -53.5% |
| Operating profit (loss) | 9901 | €5,555 | -€25,409 | -€30,964 | |
| Financial charges | 65/66B | €1,556 | €1,365 | -€191 | -12.3% |
| Recurring financial charges | 65 | €1,556 | €1,365 | -€191 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €3,999 | -€26,774 | -€30,773 | |
| Income taxes | 67/77 | €1,744 | €0 | -€1,744 | -100% |
| Profit (loss) for the period | 9904 | €2,255 | -€26,774 | -€29,029 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,255 | -€26,774 | -€29,029 |
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 17 October 2026 via checked.be.