SAVIKO: 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.
SAVIKO
Largest movements
- Current investments +€59,854
new in 2025: €59,854
- Tangible fixed assets -€29,342
down €29,342 (-9.0%), from €327,773 to €298,431
of which Land and buildings: -€29,263
- Cash -€19,540
down €19,540 (-11.1%), from €175,699 to €156,159
mainly Current investments (-€59,854) and Contributions, distributions and other (-€42,000)
- Receivables after one year -€15,000
down €15,000 (-13.6%), from €110,000 to €95,000
- Debts after one year -€11,553
no longer reported in 2025 (was €11,553)
- Write-downs -€30,000
no longer reported in 2025 (was €30,000)
- Taxes +€8,993
up €8,993 (+66.6%), from €13,500 to €22,492
- Gross operating margin +€2,146
up €2,146 (+2.1%), from €103,754 to €105,900
- Financial income -€1,926
down €1,926 (-62.2%), from €3,097 to €1,171
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 | €625,579 | €617,955 | -€7,625 | -1.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €327,773 | €298,431 | -€29,342 | -9.0% |
| Tangible fixed assets | 22/27 | €327,773 | €298,431 | -€29,342 | -9.0% |
| Land and buildings | 22 | €323,335 | €294,072 | -€29,263 | -9.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,214 | €3,698 | +€2,484 | +204.6% |
| Other tangible fixed assets | 26 | €3,224 | €661 | -€2,563 | -79.5% |
| Current assets | 29/58 | €297,807 | €319,524 | +€21,717 | +7.3% |
| Amounts receivable after more than one year | 29 | €110,000 | €95,000 | -€15,000 | -13.6% |
| Other amounts receivable | 291 | €110,000 | €95,000 | -€15,000 | -13.6% |
| Amounts receivable within one year | 40/41 | €10,480 | €6,796 | -€3,684 | -35.2% |
| Trade receivables | 40 | - | €246 | +€246 | |
| Other amounts receivable | 41 | €10,480 | €6,549 | -€3,931 | -37.5% |
| Current investments | 50/53 | - | €59,854 | +€59,854 | |
| Cash at bank and in hand | 54/58 | €175,699 | €156,159 | -€19,540 | -11.1% |
| Deferred charges and accrued income | 490/1 | €1,627 | €1,715 | +€88 | +5.4% |
| Total equity and liabilities | 10/49 | €625,579 | €617,955 | -€7,625 | -1.2% |
| Equity | 10/15 | €601,406 | €603,898 | +€2,492 | +0.4% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €296,203 | €298,693 | +€2,490 | +0.8% |
| Distributable reserves | 133 | €296,203 | €298,693 | +€2,490 | +0.8% |
| Profit (loss) carried forward | 14 | €286,453 | €286,455 | +€2 | 0.0% |
| Amounts payable | 17/49 | €24,174 | €14,057 | -€10,117 | -41.9% |
| Amounts payable after more than one year | 17 | €11,553 | - | -€11,553 | |
| Advances received on contracts in progress | 176 | €11,553 | - | -€11,553 | |
| Amounts payable within one year | 42/48 | €12,621 | €14,057 | +€1,436 | +11.4% |
| Financial debts | 43 | €12,473 | €11,553 | -€919 | -7.4% |
| Other loans | 439 | €12,473 | €11,553 | -€919 | -7.4% |
| Trade debts | 44 | €148 | €128 | -€20 | -13.3% |
| Suppliers | 440/4 | €148 | €128 | -€20 | -13.3% |
| Taxes, remuneration and social security | 45 | - | €2,375 | +€2,375 | |
| Taxes | 450/3 | - | €2,375 | +€2,375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,563 | €33,401 | -€162 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,000 | - | -€30,000 | |
| Other operating charges | 640/8 | €5,323 | €6,364 | +€1,041 | +19.6% |
| Gross operating margin | 9900 | €103,754 | €105,900 | +€2,146 | +2.1% |
| Operating profit (loss) | 9901 | €34,868 | €66,135 | +€31,267 | +89.7% |
| Financial income | 75/76B | €3,097 | €1,171 | -€1,926 | -62.2% |
| Recurring financial income | 75 | €3,097 | €1,171 | -€1,926 | -62.2% |
| Financial charges | 65/66B | €461 | €322 | -€139 | -30.2% |
| Recurring financial charges | 65 | €461 | €322 | -€139 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €37,505 | €66,985 | +€29,480 | +78.6% |
| Transfer from deferred taxes | 780 | €329 | - | -€329 | |
| Income taxes | 67/77 | €13,500 | €22,492 | +€8,993 | +66.6% |
| Profit (loss) for the period | 9904 | €24,334 | €44,492 | +€20,158 | +82.8% |
| Transfer from tax-exempt reserves | 789 | €639 | - | -€639 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,974 | €44,492 | +€19,519 | +78.2% |
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.