SAZYVIC: 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.
SAZYVIC
Largest movements
- Cash -€328,312
down €328,312 (-92.0%), from €356,745 to €28,433
mainly Debts after one year (-€139,286) and Current portion of long-term debt (-€126,320)
- Tangible fixed assets +€36,945
up €36,945 (+64.6%), from €57,148 to €94,093
of which Other tangible fixed assets: +€53,667
- Debts after one year -€139,286
down €139,286 (-100%), from €139,286 to €0
- Current portion of long-term debt -€126,320
down €126,320 (-46.4%), from €272,122 to €145,802
- Other debts -€33,891
down €33,891 (-9.7%), from €349,614 to €315,724
- Reserves +€30,209
up €30,209 (+1.8%), from €1.7m to €1.7m
- Taxes -€70,115
down €70,115 (-84.8%), from €82,712 to €12,596
- Gross operating margin +€10,161
up €10,161 (+16.7%), from €60,838 to €70,999
- Depreciation +€5,805
up €5,805 (+27.3%), from €21,301 to €27,107
- Financial income -€3,535
down €3,535 (-35.0%), from €10,103 to €6,568
- Other operating charges -€915
down €915 (-36.3%), from €2,518 to €1,603
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 | €2,494,565 | €2,227,028 | -€267,537 | -10.7% |
| Fixed assets | 21/28 | €2,063,648 | €2,100,593 | +€36,945 | +1.8% |
| Tangible fixed assets | 22/27 | €57,148 | €94,093 | +€36,945 | +64.6% |
| Plant, machinery and equipment | 23 | €16,525 | €9,707 | -€6,818 | -41.3% |
| Furniture and vehicles | 24 | €9,904 | €0 | -€9,904 | -100% |
| Other tangible fixed assets | 26 | €30,719 | €84,386 | +€53,667 | +175% |
| Financial fixed assets | 28 | €2,006,500 | €2,006,500 | = | 0.0% |
| Current assets | 29/58 | €430,918 | €126,436 | -€304,482 | -70.7% |
| Stocks and contracts in progress | 3 | €59,508 | €59,508 | = | 0.0% |
| Stocks | 30/36 | €59,508 | €59,508 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,665 | €35,094 | +€20,429 | +139% |
| Trade receivables | 40 | €14,665 | €35,000 | +€20,335 | +139% |
| Other amounts receivable | 41 | €0 | €94 | +€94 | |
| Cash at bank and in hand | 54/58 | €356,745 | €28,433 | -€328,312 | -92.0% |
| Deferred charges and accrued income | 490/1 | - | €3,401 | +€3,401 | |
| Total equity and liabilities | 10/49 | €2,494,565 | €2,227,028 | -€267,537 | -10.7% |
| Equity | 10/15 | €1,696,298 | €1,726,507 | +€30,209 | +1.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €1,689,298 | €1,719,507 | +€30,209 | +1.8% |
| Distributable reserves | 133 | €1,689,298 | €1,719,507 | +€30,209 | +1.8% |
| Amounts payable | 17/49 | €798,267 | €500,521 | -€297,746 | -37.3% |
| Amounts payable after more than one year | 17 | €139,286 | €0 | -€139,286 | -100% |
| Financial debts | 170/4 | €139,286 | €0 | -€139,286 | -100% |
| Amounts payable within one year | 42/48 | €641,290 | €483,812 | -€157,479 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €272,122 | €145,802 | -€126,320 | -46.4% |
| Financial debts | 43 | €1,184 | €0 | -€1,184 | -100% |
| Credit institutions | 430/8 | €1,184 | €0 | -€1,184 | -100% |
| Trade debts | 44 | €6,304 | €5,508 | -€796 | -12.6% |
| Suppliers | 440/4 | €6,304 | €5,508 | -€796 | -12.6% |
| Taxes, remuneration and social security | 45 | €12,066 | €16,777 | +€4,712 | +39.1% |
| Taxes | 450/3 | €12,066 | €16,777 | +€4,712 | +39.1% |
| Other amounts payable | 47/48 | €349,614 | €315,724 | -€33,891 | -9.7% |
| Accrued charges and deferred income | 492/3 | €17,691 | €16,709 | -€982 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,301 | €27,107 | +€5,805 | +27.3% |
| Other operating charges | 640/8 | €2,518 | €1,603 | -€915 | -36.3% |
| Gross operating margin | 9900 | €60,838 | €70,999 | +€10,161 | +16.7% |
| Operating profit (loss) | 9901 | €37,019 | €42,289 | +€5,271 | +14.2% |
| Financial income | 75/76B | €10,103 | €6,568 | -€3,535 | -35.0% |
| Recurring financial income | 75 | €10,103 | €6,568 | -€3,535 | -35.0% |
| Financial charges | 65/66B | €6,429 | €6,052 | -€377 | -5.9% |
| Recurring financial charges | 65 | €6,429 | €6,052 | -€377 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €40,693 | €42,805 | +€2,112 | +5.2% |
| Income taxes | 67/77 | €82,712 | €12,596 | -€70,115 | -84.8% |
| Profit (loss) for the period | 9904 | -€42,019 | €30,209 | +€72,228 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,019 | €30,209 | +€72,228 |
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 24 October 2026 via checked.be.