SAVINI CONSTRUCT: 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.
SAVINI CONSTRUCT
Largest movements
- Receivables after one year +€335,709
new in 2025: €335,709
- Receivables within one year -€116,245
down €116,245 (-36.4%), from €319,106 to €202,861
of which Trade receivables: -€178,362
- Cash -€85,177
down €85,177 (-80.8%), from €105,461 to €20,284
mainly Receivables after one year (-€335,709) and Debts after one year (-€74,268)
- Tangible fixed assets -€18,316
down €18,316 (-1.9%), from €950,478 to €932,162
of which Land and buildings: -€43,715
- Accrued charges and deferred income +€132,914
new in 2025: €132,914
- Debts after one year -€74,268
down €74,268 (-11.8%), from €631,589 to €557,321
- Current portion of long-term debt -€31,164
down €31,164 (-19.4%), from €160,644 to €129,480
- Trade debts +€29,450
up €29,450 (+55.5%), from €53,068 to €82,518
- Tax, wage and social debts +€18,759
up €18,759 (+210.4%), from €8,914 to €27,673
- Other operating charges -€17,657
down €17,657 (-94.6%), from €18,655 to €998
- Taxes +€7,939
up €7,939 (+47.2%), from €16,831 to €24,770
- Financial charges -€7,578
down €7,578 (-19.3%), from €39,319 to €31,741
- Gross operating margin -€6,747
down €6,747 (-3.3%), from €206,939 to €200,192
- Depreciation -€4,305
down €4,305 (-4.6%), from €92,656 to €88,351
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 | €1,403,817 | €1,511,128 | +€107,311 | +7.6% |
| Fixed assets | 21/28 | €950,665 | €932,349 | -€18,316 | -1.9% |
| Tangible fixed assets | 22/27 | €950,478 | €932,162 | -€18,316 | -1.9% |
| Land and buildings | 22 | €701,940 | €658,225 | -€43,715 | -6.2% |
| Plant, machinery and equipment | 23 | €5,441 | €5,783 | +€341 | +6.3% |
| Furniture and vehicles | 24 | €4,456 | €2,239 | -€2,218 | -49.8% |
| Leasing and similar rights | 25 | €238,641 | €265,915 | +€27,275 | +11.4% |
| Financial fixed assets | 28 | €187 | €187 | = | 0.0% |
| Current assets | 29/58 | €453,152 | €578,779 | +€125,627 | +27.7% |
| Amounts receivable after more than one year | 29 | - | €335,709 | +€335,709 | |
| Other amounts receivable | 291 | - | €335,709 | +€335,709 | |
| Stocks and contracts in progress | 3 | €25,650 | €19,925 | -€5,725 | -22.3% |
| Stocks | 30/36 | €25,650 | €19,925 | -€5,725 | -22.3% |
| Amounts receivable within one year | 40/41 | €319,106 | €202,861 | -€116,245 | -36.4% |
| Trade receivables | 40 | €301,742 | €123,380 | -€178,362 | -59.1% |
| Other amounts receivable | 41 | €17,364 | €79,481 | +€62,117 | +357.7% |
| Current investments | 50/53 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €105,461 | €20,284 | -€85,177 | -80.8% |
| Deferred charges and accrued income | 490/1 | €2,935 | - | -€2,935 | |
| Total equity and liabilities | 10/49 | €1,403,817 | €1,511,128 | +€107,311 | +7.6% |
| Equity | 10/15 | €444,362 | €461,793 | +€17,432 | +3.9% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €183,271 | €200,702 | +€17,432 | +9.5% |
| Distributable reserves | 133 | €183,271 | €200,702 | +€17,432 | +9.5% |
| Profit (loss) carried forward | 14 | €254,841 | €254,841 | = | 0.0% |
| Amounts payable | 17/49 | €959,456 | €1,049,335 | +€89,879 | +9.4% |
| Amounts payable after more than one year | 17 | €631,589 | €557,321 | -€74,268 | -11.8% |
| Financial debts | 170/4 | €631,589 | €557,321 | -€74,268 | -11.8% |
| Amounts payable within one year | 42/48 | €327,866 | €359,100 | +€31,233 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €160,644 | €129,480 | -€31,164 | -19.4% |
| Financial debts | 43 | €85,000 | €85,000 | = | 0.0% |
| Credit institutions | 430/8 | €85,000 | €85,000 | = | 0.0% |
| Trade debts | 44 | €53,068 | €82,518 | +€29,450 | +55.5% |
| Suppliers | 440/4 | €53,068 | €82,518 | +€29,450 | +55.5% |
| Taxes, remuneration and social security | 45 | €8,914 | €27,673 | +€18,759 | +210.4% |
| Taxes | 450/3 | €8,914 | €27,673 | +€18,759 | +210.4% |
| Other amounts payable | 47/48 | €20,241 | €34,429 | +€14,188 | +70.1% |
| Accrued charges and deferred income | 492/3 | - | €132,914 | +€132,914 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,656 | €88,351 | -€4,305 | -4.6% |
| Other operating charges | 640/8 | €18,655 | €998 | -€17,657 | -94.6% |
| Gross operating margin | 9900 | €206,939 | €200,192 | -€6,747 | -3.3% |
| Operating profit (loss) | 9901 | €95,628 | €110,842 | +€15,215 | +15.9% |
| Financial income | 75/76B | €613 | - | -€613 | |
| Recurring financial income | 75 | €613 | - | -€613 | |
| Financial charges | 65/66B | €39,319 | €31,741 | -€7,578 | -19.3% |
| Recurring financial charges | 65 | €39,319 | €31,741 | -€7,578 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €56,921 | €79,101 | +€22,180 | +39.0% |
| Income taxes | 67/77 | €16,831 | €24,770 | +€7,939 | +47.2% |
| Profit (loss) for the period | 9904 | €40,091 | €54,332 | +€14,241 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,091 | €54,332 | +€14,241 | +35.5% |
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 3 October 2026 via checked.be.