SAVICO: 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.
SAVICO
Largest movements
- Tangible fixed assets +€16,885
up €16,885 (+66.0%), from €25,580 to €42,465
of which Furniture and vehicles: +€16,972
- Cash -€3,706
down €3,706 (-23.6%), from €15,703 to €11,997
mainly Investment in fixed assets (net) (-€18,530) and Trade debts (-€1,442)
- Reserves +€15,889
up €15,889 (+78.5%), from €20,249 to €36,138
of which Distributable reserves: +€15,889
- Trade debts -€1,442
down €1,442 (-66.9%), from €2,155 to €713
- Advances received -€1,325
no longer reported in 2025 (was €1,325)
- Tax, wage and social debts +€1,114
up €1,114 (+22.8%), from €4,880 to €5,994
- Other debts -€1,098
down €1,098 (-9.3%), from €11,794 to €10,696
- Depreciation -€8,438
down €8,438 (-83.7%), from €10,083 to €1,645
- Gross operating margin +€3,937
up €3,937 (+12.7%), from €31,110 to €35,047
- Taxes +€2,044
up €2,044 (+35.2%), from €5,811 to €7,855
- Financial income -€860
down €860 (-94.5%), from €910 to €50
- Financial charges -€794
down €794 (-89.1%), from €891 to €97
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,995 | €72,133 | +€13,138 | +22.3% |
| Fixed assets | 21/28 | €25,580 | €42,465 | +€16,885 | +66.0% |
| Tangible fixed assets | 22/27 | €25,580 | €42,465 | +€16,885 | +66.0% |
| Plant, machinery and equipment | 23 | €179 | €92 | -€87 | -48.6% |
| Furniture and vehicles | 24 | €25,401 | €42,373 | +€16,972 | +66.8% |
| Current assets | 29/58 | €33,415 | €29,668 | -€3,747 | -11.2% |
| Stocks and contracts in progress | 3 | €2,793 | €2,793 | = | 0.0% |
| Stocks | 30/36 | €2,793 | €2,793 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,674 | €8,561 | -€113 | -1.3% |
| Trade receivables | 40 | €8,674 | €8,561 | -€113 | -1.3% |
| Current investments | 50/53 | €5,640 | €5,675 | +€35 | +0.6% |
| Cash at bank and in hand | 54/58 | €15,703 | €11,997 | -€3,706 | -23.6% |
| Deferred charges and accrued income | 490/1 | €605 | €642 | +€37 | +6.1% |
| Total equity and liabilities | 10/49 | €58,995 | €72,133 | +€13,138 | +22.3% |
| Equity | 10/15 | €38,841 | €54,730 | +€15,889 | +40.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €20,249 | €36,138 | +€15,889 | +78.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €18,390 | €34,279 | +€15,889 | +86.4% |
| Amounts payable | 17/49 | €20,154 | €17,403 | -€2,751 | -13.6% |
| Amounts payable within one year | 42/48 | €20,154 | €17,403 | -€2,751 | -13.6% |
| Trade debts | 44 | €2,155 | €713 | -€1,442 | -66.9% |
| Suppliers | 440/4 | €2,155 | €713 | -€1,442 | -66.9% |
| Advances received on contracts in progress | 46 | €1,325 | - | -€1,325 | |
| Taxes, remuneration and social security | 45 | €4,880 | €5,994 | +€1,114 | +22.8% |
| Taxes | 450/3 | €4,880 | €5,994 | +€1,114 | +22.8% |
| Other amounts payable | 47/48 | €11,794 | €10,696 | -€1,098 | -9.3% |
| Remuneration, social security and pensions | 62 | €780 | €577 | -€203 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,083 | €1,645 | -€8,438 | -83.7% |
| Other operating charges | 640/8 | €1,145 | €779 | -€366 | -32.0% |
| Non-recurring operating charges | 66A | €391 | €8,255 | +€7,864 | +2011.3% |
| Gross operating margin | 9900 | €31,110 | €35,047 | +€3,937 | +12.7% |
| Operating profit (loss) | 9901 | €18,711 | €23,791 | +€5,080 | +27.1% |
| Financial income | 75/76B | €910 | €50 | -€860 | -94.5% |
| Recurring financial income | 75 | €910 | €50 | -€860 | -94.5% |
| Financial charges | 65/66B | €891 | €97 | -€794 | -89.1% |
| Recurring financial charges | 65 | €891 | €97 | -€794 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | €18,730 | €23,744 | +€5,014 | +26.8% |
| Income taxes | 67/77 | €5,811 | €7,855 | +€2,044 | +35.2% |
| Profit (loss) for the period | 9904 | €12,919 | €15,889 | +€2,970 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,919 | €15,889 | +€2,970 | +23.0% |
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 8 October 2026 via checked.be.