SAVEX: 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.
SAVEX
Largest movements
- Receivables within one year +€45,152
up €45,152 (+579%), from €7,799 to €52,951
of which Trade receivables: +€41,335
- Financial fixed assets +€7,000
new in 2025: €7,000
- Cash -€6,937
down €6,937 (-88.6%), from €7,831 to €894
mainly Receivables within one year (-€45,152) and Investment in fixed assets (net) (-€7,748)
- Tax, wage and social debts +€26,280
up €26,280 (+4,780%), from €550 to €26,830
of which Taxes: +€19,007
- Trade debts +€19,004
up €19,004 (+230%), from €8,254 to €27,258
- Accrued charges and deferred income +€1,300
new in 2025: €1,300
- Profit (loss) carried forward -€1,102
down €1,102 (-41.4%), from €2,663 to €1,561
- Gross operating margin +€48,626
up €48,626 (+1,708%), from €2,848 to €51,474
- Staff costs +€46,969
new in 2025: €46,969
- Turnover -€10,527
no longer reported in 2025 (was €10,527)
- Purchases and services -€7,679
no longer reported in 2025 (was €7,679)
- Taxes +€2,269
new in 2025: €2,269
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 | €16,524 | €62,133 | +€45,610 | +276% |
| Fixed assets | 21/28 | €862 | €8,288 | +€7,426 | +862% |
| Tangible fixed assets | 22/27 | €862 | €1,288 | +€426 | +49.4% |
| Other tangible fixed assets | 26 | €862 | €1,288 | +€426 | +49.4% |
| Financial fixed assets | 28 | - | €7,000 | +€7,000 | |
| Current assets | 29/58 | €15,662 | €53,846 | +€38,184 | +244% |
| Amounts receivable within one year | 40/41 | €7,799 | €52,951 | +€45,152 | +579% |
| Trade receivables | 40 | €7,799 | €49,133 | +€41,335 | +530% |
| Other amounts receivable | 41 | - | €3,818 | +€3,818 | |
| Cash at bank and in hand | 54/58 | €7,831 | €894 | -€6,937 | -88.6% |
| Deferred charges and accrued income | 490/1 | €32 | €0 | -€32 | -100% |
| Total equity and liabilities | 10/49 | €16,524 | €62,133 | +€45,610 | +276% |
| Equity | 10/15 | €7,663 | €6,561 | -€1,102 | -14.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,663 | €1,561 | -€1,102 | -41.4% |
| Amounts payable | 17/49 | €8,861 | €55,572 | +€46,711 | +527% |
| Amounts payable within one year | 42/48 | €8,861 | €54,272 | +€45,411 | +513% |
| Trade debts | 44 | €8,254 | €27,258 | +€19,004 | +230% |
| Suppliers | 440/4 | €8,254 | €27,258 | +€19,004 | +230% |
| Taxes, remuneration and social security | 45 | €550 | €26,830 | +€26,280 | +4,780% |
| Taxes | 450/3 | €550 | €19,557 | +€19,007 | +3,457% |
| Remuneration and social security | 454/9 | - | €7,273 | +€7,273 | |
| Other amounts payable | 47/48 | €57 | €184 | +€127 | +225% |
| Accrued charges and deferred income | 492/3 | - | €1,300 | +€1,300 | |
| Turnover | 70 | €10,527 | - | -€10,527 | |
| Goods, raw materials, services and sundry goods | 60/61 | €7,679 | - | -€7,679 | |
| Remuneration, social security and pensions | 62 | - | €46,969 | +€46,969 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €322 | +€321 | +34,543% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €680 | +€680 | |
| Other operating charges | 640/8 | - | €353 | +€353 | |
| Gross operating margin | 9900 | €2,848 | €51,474 | +€48,626 | +1,708% |
| Operating profit (loss) | 9901 | €2,847 | €3,150 | +€303 | +10.7% |
| Financial income | 75/76B | - | €218 | +€218 | |
| Recurring financial income | 75 | - | €218 | +€218 | |
| Financial charges | 65/66B | €184 | €2,200 | +€2,017 | +1,099% |
| Recurring financial charges | 65 | €184 | €2,200 | +€2,017 | +1,099% |
| Profit (loss) for the period before taxes | 9903 | €2,663 | €1,167 | -€1,496 | -56.2% |
| Income taxes | 67/77 | - | €2,269 | +€2,269 | |
| Profit (loss) for the period | 9904 | €2,663 | -€1,102 | -€3,765 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,663 | -€1,102 | -€3,765 |
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.