LA SAVOYARDE: 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.
LA SAVOYARDE
Largest movements
- Tangible fixed assets -€4,518
down €4,518 (-17.2%), from €26,213 to €21,695
of which Land and buildings: -€3,482
- Deferred charges and accrued income +€500
new in 2025: €500
- Profit (loss) carried forward -€6,486
down €6,486 (-20.8%), from -€31,126 to -€37,612
- Tax, wage and social debts +€1,159
up €1,159 (+40.9%), from €2,835 to €3,994
of which Taxes: +€1,130
- Other debts +€1,114
up €1,114 (+5.1%), from €21,954 to €23,068
- Trade debts +€300
up €300 (+1,200%), from €25 to €325
- Other operating charges -€16,112
down €16,112 (-47.1%), from €34,205 to €18,093
- Staff costs +€1,878
up €1,878 (+18.6%), from €10,096 to €11,974
- Financial charges -€1,189
down €1,189 (-34.2%), from €3,481 to €2,292
of which Non-recurring financial charges: -€1,125
- Financial income -€991
down €991 (-97.2%), from €1,020 to €29
of which Non-recurring financial income: -€1,006
- Depreciation -€959
down €959 (-17.5%), from €5,476 to €4,517
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 | €28,622 | €24,625 | -€3,997 | -14.0% |
| Fixed assets | 21/28 | €26,359 | €21,841 | -€4,518 | -17.1% |
| Tangible fixed assets | 22/27 | €26,213 | €21,695 | -€4,518 | -17.2% |
| Land and buildings | 22 | €23,335 | €19,853 | -€3,482 | -14.9% |
| Plant, machinery and equipment | 23 | €1,551 | €1,273 | -€278 | -17.9% |
| Furniture and vehicles | 24 | €1,327 | €569 | -€758 | -57.1% |
| Financial fixed assets | 28 | €146 | €146 | = | 0.0% |
| Current assets | 29/58 | €2,263 | €2,784 | +€521 | +23.0% |
| Amounts receivable within one year | 40/41 | €749 | €933 | +€184 | +24.6% |
| Trade receivables | 40 | - | €833 | +€833 | |
| Other amounts receivable | 41 | €749 | €100 | -€649 | -86.6% |
| Cash at bank and in hand | 54/58 | €1,514 | €1,351 | -€163 | -10.8% |
| Deferred charges and accrued income | 490/1 | - | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €28,622 | €24,625 | -€3,997 | -14.0% |
| Equity | 10/15 | -€10,675 | -€17,161 | -€6,486 | -60.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,126 | -€37,612 | -€6,486 | -20.8% |
| Amounts payable | 17/49 | €39,297 | €41,786 | +€2,489 | +6.3% |
| Amounts payable within one year | 42/48 | €39,297 | €41,786 | +€2,489 | +6.3% |
| Financial debts | 43 | €14,483 | €14,399 | -€84 | -0.6% |
| Credit institutions | 430/8 | €14,483 | €14,399 | -€84 | -0.6% |
| Trade debts | 44 | €25 | €325 | +€300 | +1,200% |
| Suppliers | 440/4 | €25 | €325 | +€300 | +1,200% |
| Taxes, remuneration and social security | 45 | €2,835 | €3,994 | +€1,159 | +40.9% |
| Taxes | 450/3 | - | €1,130 | +€1,130 | |
| Remuneration and social security | 454/9 | €2,835 | €2,864 | +€29 | +1.0% |
| Other amounts payable | 47/48 | €21,954 | €23,068 | +€1,114 | +5.1% |
| Remuneration, social security and pensions | 62 | €10,096 | €11,974 | +€1,878 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,476 | €4,517 | -€959 | -17.5% |
| Other operating charges | 640/8 | €34,205 | €18,093 | -€16,112 | -47.1% |
| Non-recurring operating charges | 66A | - | €2,846 | +€2,846 | |
| Gross operating margin | 9900 | €33,426 | €33,207 | -€219 | -0.7% |
| Operating profit (loss) | 9901 | -€16,351 | -€4,223 | +€12,128 | +74.2% |
| Financial income | 75/76B | €1,020 | €29 | -€991 | -97.2% |
| Recurring financial income | 75 | €14 | €29 | +€15 | +107% |
| Non-recurring financial income | 76B | €1,006 | - | -€1,006 | |
| Financial charges | 65/66B | €3,481 | €2,292 | -€1,189 | -34.2% |
| Recurring financial charges | 65 | €2,356 | €2,292 | -€64 | -2.7% |
| Non-recurring financial charges | 66B | €1,125 | - | -€1,125 | |
| Profit (loss) for the period before taxes | 9903 | -€18,812 | -€6,486 | +€12,326 | +65.5% |
| Profit (loss) for the period | 9904 | -€18,812 | -€6,486 | +€12,326 | +65.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,812 | -€6,486 | +€12,326 | +65.5% |
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.