SAVIC: 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.
What changed
SAVIC
NACE 22.260, Manufacture of rubber and plastic products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€520,870
2024 · €649,222-€1.2m
Equity
€11.4m
2024 · €11.9m-€525,637
Cash
€1.4m
2024 · €1.4m+€6,005
Balance sheet total
€15.7m
2024 · €17.7m-€1.9m
Largest movements
Assets
- Tangible fixed assets -€851,491
down €851,491 (-9.5%), from €9.0m to €8.1m
- Receivables within one year -€555,985
down €555,985 (-23.9%), from €2.3m to €1.8m
of which Trade receivables: -€562,996
- Stocks and contracts -€466,294
down €466,294 (-9.7%), from €4.8m to €4.3m
Equity and liabilities
- Other debts -€1.1m
down €1.1m (-82.3%), from €1.3m to €234,833
- Profit (loss) carried forward -€519,138
down €519,138 (-8.0%), from €6.5m to €6.0m
- Debts after one year -€428,571
down €428,571 (-33.3%), from €1.3m to €857,143
Income statement
- Turnover -€4.8m
down €4.8m (-25.1%), from €19.1m to €14.3m
- Goods and materials -€2.7m
down €2.7m (-36.9%), from €7.3m to €4.6m
of which Change in stocks: decrease (increase): -€2.5m
- Services and other goods -€840,681
down €840,681 (-18.3%), from €4.6m to €3.8m
- Staff costs -€693,396
down €693,396 (-13.7%), from €5.1m to €4.4m
- Taxes -€249,156
down €249,156 (-98.2%), from €253,801 to €4,646
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
€649,222
Turnover
-€4.8m
Other operating income
-€30,885
Goods and materials
+€2.7m
Services and other goods
+€840,681
Staff costs
+€693,396
Depreciation
+€44,367
Write-downs
-€7,758
Other operating charges
+€5,791
Other operating items
-€850,973
Financial income
-€16,991
Financial charges
+€16,316
Taxes
+€249,156
Deferred taxes and other
-€10,169
Result 2025
-€520,870
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.
From operations
+€1.1m
Investment
-€655,381
Financing
-€433,339
Cash 2024
€1.4m
From operations (derived)
+€1.1m
Net result for the year
-€520,870
Depreciation
+€1.5m
Stocks and contracts
+€466,294
Receivables within one year
+€555,985
Deferred charges and accrued income
+€25,628
Provisions
-€35,160
Trade debts
+€171,656
Tax, wage and social debts
-€21,596
Other debts
-€1.1m
Accrued charges and deferred income
-€3,938
Investment (derived)
-€655,381
Investment in fixed assets (net)
-€655,381
Financing
-€433,339
Debts after one year
-€428,571
Contributions, distributions and other
-€4,767
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,670,267 | €15,737,628 | -€1.9m | -10.9% |
| Fixed assets | 21/28 | €9,068,394 | €8,177,657 | -€890,737 | -9.8% |
| Intangible fixed assets | 21 | €84,594 | €46,516 | -€38,078 | -45.0% |
| Tangible fixed assets | 22/27 | €8,979,450 | €8,127,959 | -€851,491 | -9.5% |
| Land and buildings | 22 | €4,187,851 | €3,797,066 | -€390,784 | -9.3% |
| Plant, machinery and equipment | 23 | €4,508,369 | €4,083,263 | -€425,106 | -9.4% |
| Furniture and vehicles | 24 | €283,230 | €247,630 | -€35,601 | -12.6% |
| Financial fixed assets | 28 | €4,350 | €3,182 | -€1,168 | -26.9% |
| Other financial fixed assets | 284/8 | €4,350 | €3,182 | -€1,168 | -26.9% |
| Amounts receivable and cash guarantees | 285/8 | €4,350 | €3,182 | -€1,168 | -26.9% |
| Current assets | 29/58 | €8,601,873 | €7,559,971 | -€1.0m | -12.1% |
| Stocks and contracts in progress | 3 | €4,791,610 | €4,325,316 | -€466,294 | -9.7% |
| Stocks | 30/36 | €4,791,610 | €4,325,316 | -€466,294 | -9.7% |
| Raw materials and consumables | 30/31 | €808,215 | €934,351 | +€126,136 | +15.6% |
| Work in progress | 32 | €1,207,942 | €928,063 | -€279,880 | -23.2% |
| Finished goods | 33 | €1,572,216 | €1,357,899 | -€214,317 | -13.6% |
| Goods purchased for resale | 34 | €1,203,236 | €1,105,004 | -€98,233 | -8.2% |
| Amounts receivable within one year | 40/41 | €2,321,713 | €1,765,727 | -€555,985 | -23.9% |
| Trade receivables | 40 | €2,097,725 | €1,534,729 | -€562,996 | -26.8% |
| Other amounts receivable | 41 | €223,988 | €230,998 | +€7,011 | +3.1% |
| Cash at bank and in hand | 54/58 | €1,390,136 | €1,396,141 | +€6,005 | +0.4% |
| Deferred charges and accrued income | 490/1 | €98,414 | €72,786 | -€25,628 | -26.0% |
| Total equity and liabilities | 10/49 | €17,670,267 | €15,737,628 | -€1.9m | -10.9% |
| Equity | 10/15 | €11,885,078 | €11,359,441 | -€525,637 | -4.4% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €4,560,854 | €4,562,932 | +€2,078 | 0.0% |
| Non-distributable reserves | 130/1 | €88,543 | €88,543 | = | 0.0% |
| Legal reserve | 130 | €80,000 | €80,000 | = | 0.0% |
| Own shares acquired | 1312 | €8,543 | €8,543 | = | 0.0% |
| Tax-exempt reserves | 132 | €141,536 | €143,614 | +€2,078 | +1.5% |
| Distributable reserves | 133 | €4,330,776 | €4,330,776 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,507,828 | €5,988,690 | -€519,138 | -8.0% |
| Investment grants | 15 | €16,395 | €7,818 | -€8,577 | -52.3% |
| Provisions and deferred taxes | 16 | €1,053,368 | €1,018,208 | -€35,160 | -3.3% |
| Provisions for liabilities and charges | 160/5 | €1,004,282 | €970,854 | -€33,429 | -3.3% |
| Other liabilities and charges | 164/5 | €1,004,282 | €970,854 | -€33,429 | -3.3% |
| Deferred taxes | 168 | €49,086 | €47,354 | -€1,732 | -3.5% |
| Amounts payable | 17/49 | €4,731,821 | €3,359,979 | -€1.4m | -29.0% |
| Amounts payable after more than one year | 17 | €1,285,714 | €857,143 | -€428,571 | -33.3% |
| Financial debts | 170/4 | €1,285,714 | €857,143 | -€428,571 | -33.3% |
| Credit institutions | 173 | €1,285,714 | €857,143 | -€428,571 | -33.3% |
| Amounts payable within one year | 42/48 | €3,333,484 | €2,394,151 | -€939,333 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €428,571 | €428,571 | = | 0.0% |
| Trade debts | 44 | €829,175 | €1,000,831 | +€171,656 | +20.7% |
| Suppliers | 440/4 | €829,175 | €1,000,831 | +€171,656 | +20.7% |
| Taxes, remuneration and social security | 45 | €751,512 | €729,916 | -€21,596 | -2.9% |
| Taxes | 450/3 | €209,392 | €212,986 | +€3,594 | +1.7% |
| Remuneration and social security | 454/9 | €542,120 | €516,930 | -€25,190 | -4.6% |
| Other amounts payable | 47/48 | €1,324,226 | €234,833 | -€1.1m | -82.3% |
| Accrued charges and deferred income | 492/3 | €112,622 | €108,685 | -€3,938 | -3.5% |
| Operating income | 70/76A | €19,813,236 | €14,132,052 | -€5.7m | -28.7% |
| Turnover | 70 | €19,099,435 | €14,300,109 | -€4.8m | -25.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €393,886 | -€494,197 | -€888,082 | |
| Other operating income | 74 | €270,574 | €239,689 | -€30,885 | -11.4% |
| Non-recurring operating income | 76A | €49,342 | €86,451 | +€37,110 | +75.2% |
| Operating charges | 60/66A | €18,696,009 | €14,423,228 | -€4.3m | -22.9% |
| Goods for resale, raw materials and consumables | 60 | €7,307,038 | €4,610,734 | -€2.7m | -36.9% |
| Purchases | 600/8 | €4,869,150 | €4,638,637 | -€230,513 | -4.7% |
| Change in stocks: decrease (increase) | 609 | €2,437,888 | -€27,903 | -€2.5m | |
| Services and other goods | 61 | €4,602,934 | €3,762,252 | -€840,681 | -18.3% |
| Remuneration, social security and pensions | 62 | €5,075,326 | €4,381,930 | -€693,396 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,590,485 | €1,546,118 | -€44,367 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,758 | €0 | +€7,758 | |
| Other operating charges | 640/8 | €127,984 | €122,193 | -€5,791 | -4.5% |
| Operating profit (loss) | 9901 | €1,117,228 | -€291,176 | -€1.4m | |
| Financial income | 75/76B | €91,658 | €74,667 | -€16,991 | -18.5% |
| Recurring financial income | 75 | €91,658 | €74,667 | -€16,991 | -18.5% |
| Income from current assets | 751 | €7,547 | €22,323 | +€14,776 | +195.8% |
| Other financial income | 752/9 | €84,111 | €52,344 | -€31,767 | -37.8% |
| Financial charges | 65/66B | €313,954 | €297,637 | -€16,316 | -5.2% |
| Recurring financial charges | 65 | €313,954 | €297,637 | -€16,316 | -5.2% |
| Debt charges | 650 | €112,959 | €93,444 | -€19,516 | -17.3% |
| Other financial charges | 652/9 | €200,994 | €204,194 | +€3,199 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €894,932 | -€514,146 | -€1.4m | |
| Transfer from deferred taxes | 780 | €16,748 | €18,172 | +€1,424 | +8.5% |
| Transfer to deferred taxes | 680 | €8,657 | €20,250 | +€11,593 | +133.9% |
| Income taxes | 67/77 | €253,801 | €4,646 | -€249,156 | -98.2% |
| Taxes | 670/3 | €253,801 | €4,646 | -€249,156 | -98.2% |
| Profit (loss) for the period | 9904 | €649,222 | -€520,870 | -€1.2m | |
| Transfer from tax-exempt reserves | 789 | €8,161 | €8,482 | +€321 | +3.9% |
| Transfer to tax-exempt reserves | 689 | €2,886 | €6,750 | +€3,864 | +133.9% |
| Profit (loss) for the period to be appropriated | 9905 | €654,497 | -€519,138 | -€1.2m |
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 30 September 2026 via checked.be.