SAVICS: 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.
SAVICS
Largest movements
- Intangible fixed assets +€31,171
up €31,171 (+7.6%), from €408,721 to €439,892
- Current investments -€30,000
down €30,000 (-24.7%), from €121,240 to €91,240
- Cash +€14,240
up €14,240 (+88.2%), from €16,148 to €30,389
mainly Contributions, distributions and other (+€1.5m) and Net result for the year (+€244,293)
- Contributions +€1.5m
up €1.5m (+1327.2%), from €112,914 to €1.6m
- Debts after one year -€1.1m
down €1.1m (-54.6%), from €2.0m to €896,127
of which Financial debts: -€1.4m
- Trade debts -€560,966
down €560,966 (-78.4%), from €715,375 to €154,409
- Profit (loss) carried forward +€244,293
up €244,293 (+10.7%), from -€2.3m to -€2.0m
- Current portion of long-term debt -€32,250
down €32,250 (-100.0%), from €32,250 to €0
- Gross operating margin +€365,396
up €365,396 (+439.3%), from €83,184 to €448,579
- Financial charges -€288,420
down €288,420 (-99.3%), from €290,532 to €2,112
- Depreciation +€25,335
up €25,335 (+14.8%), from €171,458 to €196,792
- Taxes +€9,794
up €9,794 (+2089.4%), from €469 to €10,263
- Other operating charges -€8,093
down €8,093 (-70.3%), from €11,514 to €3,421
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 | €681,541 | €700,815 | +€19,275 | +2.8% |
| Fixed assets | 21/28 | €414,673 | €445,108 | +€30,436 | +7.3% |
| Intangible fixed assets | 21 | €408,721 | €439,892 | +€31,171 | +7.6% |
| Tangible fixed assets | 22/27 | €1,573 | €838 | -€735 | -46.7% |
| Plant, machinery and equipment | 23 | €1,573 | €838 | -€735 | -46.7% |
| Financial fixed assets | 28 | €4,379 | €4,379 | = | 0.0% |
| Current assets | 29/58 | €266,868 | €255,707 | -€11,161 | -4.2% |
| Amounts receivable within one year | 40/41 | €128,135 | €134,078 | +€5,943 | +4.6% |
| Trade receivables | 40 | €127,455 | €129,787 | +€2,332 | +1.8% |
| Other amounts receivable | 41 | €680 | €4,291 | +€3,611 | +530.8% |
| Current investments | 50/53 | €121,240 | €91,240 | -€30,000 | -24.7% |
| Cash at bank and in hand | 54/58 | €16,148 | €30,389 | +€14,240 | +88.2% |
| Deferred charges and accrued income | 490/1 | €1,344 | €0 | -€1,344 | -100.0% |
| Total equity and liabilities | 10/49 | €681,541 | €700,815 | +€19,275 | +2.8% |
| Equity | 10/15 | -€2,114,395 | -€371,538 | +€1.7m | +82.4% |
| Contributions | 10/11 | €112,914 | €1,611,479 | +€1.5m | +1327.2% |
| Outside capital | 11 | €112,914 | - | -€112,914 | |
| Share premium | 1100/10 | €104,186 | - | -€104,186 | |
| Other | 1109/19 | €8,728 | - | -€8,728 | |
| Reserves | 13 | €51,198 | €51,198 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,198 | €0 | -€3,198 | -100.0% |
| Reserves not available under the articles | 1311 | €3,198 | €0 | -€3,198 | -100.0% |
| Distributable reserves | 133 | €48,000 | €51,198 | +€3,198 | +6.7% |
| Profit (loss) carried forward | 14 | -€2,278,508 | -€2,034,214 | +€244,293 | +10.7% |
| Amounts payable | 17/49 | €2,795,936 | €1,072,353 | -€1.7m | -61.6% |
| Amounts payable after more than one year | 17 | €1,975,806 | €896,127 | -€1.1m | -54.6% |
| Financial debts | 170/4 | €1,975,806 | €593,615 | -€1.4m | -70.0% |
| Trade debts | 175 | - | €302,512 | +€302,512 | |
| Amounts payable within one year | 42/48 | €795,349 | €176,227 | -€619,122 | -77.8% |
| Current portion of amounts payable after more than one year | 42 | €32,250 | €0 | -€32,250 | -100.0% |
| Financial debts | 43 | €2,596 | €0 | -€2,596 | -100.0% |
| Credit institutions | 430/8 | €2,596 | €0 | -€2,596 | -100.0% |
| Trade debts | 44 | €715,375 | €154,409 | -€560,966 | -78.4% |
| Suppliers | 440/4 | €715,375 | €154,409 | -€560,966 | -78.4% |
| Taxes, remuneration and social security | 45 | €11,918 | €481 | -€11,437 | -96.0% |
| Taxes | 450/3 | €11,918 | €481 | -€11,437 | -96.0% |
| Other amounts payable | 47/48 | €33,210 | €21,337 | -€11,873 | -35.8% |
| Accrued charges and deferred income | 492/3 | €24,781 | €0 | -€24,781 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,458 | €196,792 | +€25,335 | +14.8% |
| Other operating charges | 640/8 | €11,514 | €3,421 | -€8,093 | -70.3% |
| Gross operating margin | 9900 | €83,184 | €448,579 | +€365,396 | +439.3% |
| Operating profit (loss) | 9901 | -€99,788 | €248,366 | +€348,154 | |
| Financial income | 75/76B | €2,153 | €8,302 | +€6,148 | +285.5% |
| Recurring financial income | 75 | €2,153 | €8,302 | +€6,148 | +285.5% |
| Financial charges | 65/66B | €290,532 | €2,112 | -€288,420 | -99.3% |
| Recurring financial charges | 65 | €290,532 | €2,112 | -€288,420 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | -€388,167 | €254,556 | +€642,723 | |
| Income taxes | 67/77 | €469 | €10,263 | +€9,794 | +2089.4% |
| Profit (loss) for the period | 9904 | -€388,635 | €244,293 | +€632,928 | |
| Profit (loss) for the period to be appropriated | 9905 | -€388,635 | €244,293 | +€632,928 |
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 4 October 2026 via checked.be.