Savimetal: 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.
What changed
Savimetal
NACE 24.510, Manufacture of basic metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€243,750
2024 · €131,996+€111,754
Equity
€14.8m
2024 · €14.8m+€13,750
Cash
€1.5m
2024 · €886,043+€616,825
Balance sheet total
€17.0m
2024 · €16.2m+€759,840
Largest movements
Assets
- Cash +€616,825
up €616,825 (+69.6%), from €886,043 to €1.5m
mainly Trade debts (+€390,264) and Depreciation (+€303,276)
- Tangible fixed assets +€193,309
up €193,309 (+17.1%), from €1.1m to €1.3m
of which Land and buildings: +€239,675
Equity and liabilities
- Trade debts +€390,264
up €390,264 (+71.4%), from €546,625 to €936,888
- Other debts +€230,000
new in 2025: €230,000
Income statement
- Turnover -€582,588
down €582,588 (-5.4%), from €10.8m to €10.2m
- Write-downs -€464,027
no longer reported in 2025 (was €464,027)
- Financial charges +€358,255
up €358,255, from -€186,390 to €171,864
- Services and other goods -€271,249
down €271,249 (-9.0%), from €3.0m to €2.8m
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
€131,996
Turnover
-€582,588
Other operating income
+€26,016
Goods and materials
+€28,047
Services and other goods
+€271,249
Staff costs
+€87,062
Depreciation
-€13,701
Write-downs
+€464,027
Provisions
+€96,315
Other operating charges
-€661
Other operating items
+€60,540
Financial income
+€76,621
Financial charges
-€358,255
Taxes
-€42,919
Result 2025
€243,750
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.4m
Investment
-€571,032
Financing
-€230,000
Cash 2024
€886,043
From operations (derived)
+€1.4m
Net result for the year
+€243,750
Depreciation
+€303,276
Stocks and contracts
+€130,444
Receivables within one year
+€20,587
Deferred charges and accrued income
-€26,290
Provisions
+€28,740
Trade debts
+€390,264
Tax, wage and social debts
-€23,090
Advances received
+€121,231
Other debts
+€230,000
Accrued charges and deferred income
-€1,055
Investment (derived)
-€571,032
Investment in fixed assets (net)
-€497,585
Current investments
-€73,447
Financing
-€230,000
Contributions, distributions and other
-€230,000
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,220,557 | €16,980,397 | +€759,840 | +4.7% |
| Fixed assets | 21/28 | €1,167,010 | €1,361,319 | +€194,309 | +16.7% |
| Tangible fixed assets | 22/27 | €1,132,393 | €1,325,702 | +€193,309 | +17.1% |
| Land and buildings | 22 | €538,497 | €778,172 | +€239,675 | +44.5% |
| Plant, machinery and equipment | 23 | €246,034 | €295,914 | +€49,880 | +20.3% |
| Furniture and vehicles | 24 | €347,862 | €251,617 | -€96,246 | -27.7% |
| Financial fixed assets | 28 | €34,617 | €35,617 | +€1,000 | +2.9% |
| Companies linked by participating interests | 282/3 | €34,151 | €34,151 | = | 0.0% |
| Participating interests | 282 | €34,151 | €34,151 | = | 0.0% |
| Other financial fixed assets | 284/8 | €466 | €1,466 | +€1,000 | +215% |
| Amounts receivable and cash guarantees | 285/8 | €466 | €1,466 | +€1,000 | +215% |
| Current assets | 29/58 | €15,053,548 | €15,619,079 | +€565,531 | +3.8% |
| Stocks and contracts in progress | 3 | €6,461,334 | €6,330,890 | -€130,444 | -2.0% |
| Stocks | 30/36 | €6,461,334 | €6,330,890 | -€130,444 | -2.0% |
| Raw materials and consumables | 30/31 | €4,836,892 | €4,486,571 | -€350,321 | -7.2% |
| Work in progress | 32 | €1,138,220 | €1,102,927 | -€35,293 | -3.1% |
| Finished goods | 33 | €486,222 | €741,392 | +€255,170 | +52.5% |
| Amounts receivable within one year | 40/41 | €1,824,727 | €1,804,140 | -€20,587 | -1.1% |
| Trade receivables | 40 | €1,662,133 | €1,595,918 | -€66,215 | -4.0% |
| Other amounts receivable | 41 | €162,594 | €208,223 | +€45,628 | +28.1% |
| Current investments | 50/53 | €5,806,161 | €5,879,608 | +€73,447 | +1.3% |
| Other investments | 51/53 | €5,806,161 | €5,879,608 | +€73,447 | +1.3% |
| Cash at bank and in hand | 54/58 | €886,043 | €1,502,869 | +€616,825 | +69.6% |
| Deferred charges and accrued income | 490/1 | €75,282 | €101,572 | +€26,290 | +34.9% |
| Total equity and liabilities | 10/49 | €16,220,557 | €16,980,397 | +€759,840 | +4.7% |
| Equity | 10/15 | €14,815,105 | €14,828,855 | +€13,750 | +0.1% |
| Contributions | 10/11 | €310,000 | €310,000 | = | 0.0% |
| Capital | 10 | €310,000 | €310,000 | = | 0.0% |
| Issued capital | 100 | €310,000 | €310,000 | = | 0.0% |
| Reserves | 13 | €553,725 | €553,725 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,000 | €31,000 | = | 0.0% |
| Legal reserve | 130 | €31,000 | €31,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,134 | €53,134 | = | 0.0% |
| Distributable reserves | 133 | €469,592 | €469,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,951,379 | €13,965,130 | +€13,750 | +0.1% |
| Provisions and deferred taxes | 16 | €327,885 | €356,625 | +€28,740 | +8.8% |
| Provisions for liabilities and charges | 160/5 | €327,885 | €356,625 | +€28,740 | +8.8% |
| Other liabilities and charges | 164/5 | €327,885 | €356,625 | +€28,740 | +8.8% |
| Amounts payable | 17/49 | €1,077,568 | €1,794,917 | +€717,350 | +66.6% |
| Amounts payable within one year | 42/48 | €1,075,781 | €1,794,186 | +€718,405 | +66.8% |
| Trade debts | 44 | €546,625 | €936,888 | +€390,264 | +71.4% |
| Suppliers | 440/4 | €546,625 | €936,888 | +€390,264 | +71.4% |
| Advances received on contracts in progress | 46 | €105,042 | €226,273 | +€121,231 | +115% |
| Taxes, remuneration and social security | 45 | €424,114 | €401,024 | -€23,090 | -5.4% |
| Taxes | 450/3 | €57,922 | €56,155 | -€1,767 | -3.1% |
| Remuneration and social security | 454/9 | €366,192 | €344,869 | -€21,323 | -5.8% |
| Other amounts payable | 47/48 | - | €230,000 | +€230,000 | |
| Accrued charges and deferred income | 492/3 | €1,787 | €731 | -€1,055 | -59.1% |
| Operating income | 70/76A | €11,113,350 | €10,617,318 | -€496,032 | -4.5% |
| Turnover | 70 | €10,775,182 | €10,192,594 | -€582,588 | -5.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €159,337 | €219,877 | +€60,540 | +38.0% |
| Other operating income | 74 | €178,831 | €204,847 | +€26,016 | +14.5% |
| Operating charges | 60/66A | €11,230,858 | €10,298,518 | -€932,339 | -8.3% |
| Goods for resale, raw materials and consumables | 60 | €3,866,018 | €3,837,970 | -€28,047 | -0.7% |
| Purchases | 600/8 | €4,358,871 | €3,487,649 | -€871,221 | -20.0% |
| Change in stocks: decrease (increase) | 609 | -€492,853 | €350,321 | +€843,174 | |
| Services and other goods | 61 | €3,028,216 | €2,756,967 | -€271,249 | -9.0% |
| Remuneration, social security and pensions | 62 | €3,401,635 | €3,314,572 | -€87,062 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €289,575 | €303,276 | +€13,701 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €464,027 | - | -€464,027 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €125,055 | €28,740 | -€96,315 | -77.0% |
| Other operating charges | 640/8 | €56,332 | €56,993 | +€661 | +1.2% |
| Operating profit (loss) | 9901 | -€117,507 | €318,800 | +€436,307 | |
| Financial income | 75/76B | €115,894 | €192,514 | +€76,621 | +66.1% |
| Recurring financial income | 75 | €115,894 | €192,514 | +€76,621 | +66.1% |
| Income from current assets | 751 | €110,510 | €188,524 | +€78,014 | +70.6% |
| Other financial income | 752/9 | €5,384 | €3,991 | -€1,393 | -25.9% |
| Financial charges | 65/66B | -€186,390 | €171,864 | +€358,255 | |
| Recurring financial charges | 65 | -€186,390 | €171,864 | +€358,255 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€207,710 | €158,456 | +€366,166 | |
| Other financial charges | 652/9 | €21,320 | €13,408 | -€7,912 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €184,777 | €339,450 | +€154,673 | +83.7% |
| Income taxes | 67/77 | €52,781 | €95,700 | +€42,919 | +81.3% |
| Taxes | 670/3 | €52,781 | €95,700 | +€42,919 | +81.3% |
| Profit (loss) for the period | 9904 | €131,996 | €243,750 | +€111,754 | +84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €131,996 | €243,750 | +€111,754 | +84.7% |
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 15 October 2026 via checked.be.