SAVM Partners: 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.
SAVM Partners
Largest movements
- Cash +€46,342
up €46,342 (+47.0%), from €98,696 to €145,038
mainly Net result for the year (+€52,718) and Other debts (+€31,701)
- Tangible fixed assets -€9,991
down €9,991 (-27.2%), from €36,673 to €26,682
of which Furniture and vehicles: -€5,385
- Receivables within one year +€2,382
up €2,382 (+12.3%), from €19,300 to €21,681
of which Other amounts receivable: +€4,000
- Other debts +€31,701
up €31,701 (+30.6%), from €103,577 to €135,278
- Reserves +€12,188
up €12,188 (+16.1%), from €75,764 to €87,952
- Tax, wage and social debts -€5,742
down €5,742 (-48.3%), from €11,883 to €6,141
of which Taxes: -€5,742
- Gross operating margin +€48,204
up €48,204 (+110%), from €43,844 to €92,048
- Taxes +€14,643
up €14,643 (+209%), from €7,002 to €21,645
- Other operating charges -€3,371
down €3,371 (-65.0%), from €5,184 to €1,812
- Financial income +€2,215
up €2,215 (+1,516%), from €146 to €2,361
- Financial charges +€1,037
up €1,037 (+14.4%), from €7,206 to €8,243
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €197,668 | €236,401 | +€38,733 | +19.6% |
| Fixed assets | 21/28 | €36,673 | €26,682 | -€9,991 | -27.2% |
| Tangible fixed assets | 22/27 | €36,673 | €26,682 | -€9,991 | -27.2% |
| Plant, machinery and equipment | 23 | €545 | €390 | -€155 | -28.5% |
| Furniture and vehicles | 24 | €13,931 | €8,546 | -€5,385 | -38.7% |
| Other tangible fixed assets | 26 | €22,197 | €17,746 | -€4,451 | -20.1% |
| Current assets | 29/58 | €160,995 | €209,719 | +€48,724 | +30.3% |
| Amounts receivable within one year | 40/41 | €19,300 | €21,681 | +€2,382 | +12.3% |
| Trade receivables | 40 | €19,300 | €17,681 | -€1,618 | -8.4% |
| Other amounts receivable | 41 | €0 | €4,000 | +€4,000 | |
| Current investments | 50/53 | €43,000 | €43,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €98,696 | €145,038 | +€46,342 | +47.0% |
| Total equity and liabilities | 10/49 | €197,668 | €236,401 | +€38,733 | +19.6% |
| Equity | 10/15 | €81,964 | €94,152 | +€12,188 | +14.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €75,764 | €87,952 | +€12,188 | +16.1% |
| Distributable reserves | 133 | €75,764 | €87,952 | +€12,188 | +16.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €115,704 | €142,249 | +€26,545 | +22.9% |
| Amounts payable within one year | 42/48 | €115,704 | €142,249 | +€26,545 | +22.9% |
| Financial debts | 43 | - | €18 | +€18 | |
| Credit institutions | 430/8 | - | €18 | +€18 | |
| Trade debts | 44 | €245 | €813 | +€568 | +232% |
| Suppliers | 440/4 | €245 | €813 | +€568 | +232% |
| Taxes, remuneration and social security | 45 | €11,883 | €6,141 | -€5,742 | -48.3% |
| Taxes | 450/3 | €10,021 | €4,279 | -€5,742 | -57.3% |
| Remuneration and social security | 454/9 | €1,862 | €1,862 | = | 0.0% |
| Other amounts payable | 47/48 | €103,577 | €135,278 | +€31,701 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,554 | €9,991 | -€563 | -5.3% |
| Other operating charges | 640/8 | €5,184 | €1,812 | -€3,371 | -65.0% |
| Gross operating margin | 9900 | €43,844 | €92,048 | +€48,204 | +110% |
| Operating profit (loss) | 9901 | €28,106 | €80,244 | +€52,138 | +186% |
| Financial income | 75/76B | €146 | €2,361 | +€2,215 | +1,516% |
| Recurring financial income | 75 | €146 | €2,361 | +€2,215 | +1,516% |
| Financial charges | 65/66B | €7,206 | €8,243 | +€1,037 | +14.4% |
| Recurring financial charges | 65 | €7,206 | €8,243 | +€1,037 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €21,046 | €74,363 | +€53,316 | +253% |
| Income taxes | 67/77 | €7,002 | €21,645 | +€14,643 | +209% |
| Profit (loss) for the period | 9904 | €14,044 | €52,718 | +€38,673 | +275% |
| Profit (loss) for the period to be appropriated | 9905 | €14,044 | €52,718 | +€38,673 | +275% |
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 30 October 2026 via checked.be.