SAUVAGE: 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.
SAUVAGE
Largest movements
- Stocks and contracts +€6,469
up €6,469 (+32.8%), from €19,705 to €26,174
- Cash -€4,235
down €4,235 (-9.9%), from €42,856 to €38,621
mainly Trade debts (-€8,279) and Stocks and contracts (-€6,469)
- Deferred charges and accrued income -€2,505
down €2,505 (-74.7%), from €3,353 to €848
- Financial fixed assets -€1,636
down €1,636 (-15.6%), from €10,474 to €8,838
- Profit (loss) carried forward +€8,586
up €8,586, from -€3,418 to €5,168
- Trade debts -€8,279
down €8,279 (-90.5%), from €9,145 to €867
- Current portion of long-term debt -€3,009
no longer reported in 2025 (was €3,009)
- Other debts +€820
up €820 (+2.4%), from €34,371 to €35,192
- Gross operating margin -€17,353
down €17,353 (-64.0%), from €27,095 to €9,742
- Other operating charges +€1,058
up €1,058 (+120%), from €881 to €1,938
- Depreciation +€458
up €458 (+1,100%), from €42 to €500
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 | €77,861 | €75,486 | -€2,375 | -3.1% |
| Fixed assets | 21/28 | €11,932 | €9,796 | -€2,136 | -17.9% |
| Tangible fixed assets | 22/27 | €1,458 | €958 | -€500 | -34.3% |
| Other tangible fixed assets | 26 | €1,458 | €958 | -€500 | -34.3% |
| Financial fixed assets | 28 | €10,474 | €8,838 | -€1,636 | -15.6% |
| Current assets | 29/58 | €65,929 | €65,690 | -€239 | -0.4% |
| Stocks and contracts in progress | 3 | €19,705 | €26,174 | +€6,469 | +32.8% |
| Stocks | 30/36 | €19,705 | €26,174 | +€6,469 | +32.8% |
| Amounts receivable within one year | 40/41 | €15 | €47 | +€32 | +216% |
| Other amounts receivable | 41 | €15 | €47 | +€32 | +216% |
| Cash at bank and in hand | 54/58 | €42,856 | €38,621 | -€4,235 | -9.9% |
| Deferred charges and accrued income | 490/1 | €3,353 | €848 | -€2,505 | -74.7% |
| Total equity and liabilities | 10/49 | €77,861 | €75,486 | -€2,375 | -3.1% |
| Equity | 10/15 | €26,577 | €35,163 | +€8,586 | +32.3% |
| Contributions | 10/11 | €29,995 | €29,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,418 | €5,168 | +€8,586 | |
| Amounts payable | 17/49 | €51,284 | €40,323 | -€10,962 | -21.4% |
| Amounts payable within one year | 42/48 | €51,062 | €40,323 | -€10,739 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €3,009 | - | -€3,009 | |
| Trade debts | 44 | €9,145 | €867 | -€8,279 | -90.5% |
| Suppliers | 440/4 | €9,145 | €867 | -€8,279 | -90.5% |
| Taxes, remuneration and social security | 45 | €4,536 | €4,264 | -€272 | -6.0% |
| Taxes | 450/3 | €4,536 | €4,264 | -€272 | -6.0% |
| Other amounts payable | 47/48 | €34,371 | €35,192 | +€820 | +2.4% |
| Accrued charges and deferred income | 492/3 | €222 | - | -€222 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42 | €500 | +€458 | +1,100% |
| Other operating charges | 640/8 | €881 | €1,938 | +€1,058 | +120% |
| Gross operating margin | 9900 | €27,095 | €9,742 | -€17,353 | -64.0% |
| Operating profit (loss) | 9901 | €26,173 | €7,304 | -€18,870 | -72.1% |
| Financial income | 75/76B | €1,585 | €1,686 | +€101 | +6.4% |
| Recurring financial income | 75 | €1,585 | €1,686 | +€101 | +6.4% |
| Financial charges | 65/66B | €364 | €403 | +€39 | +10.6% |
| Recurring financial charges | 65 | €364 | €403 | +€39 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €27,394 | €8,586 | -€18,808 | -68.7% |
| Income taxes | 67/77 | €163 | - | -€163 | |
| Profit (loss) for the period | 9904 | €27,231 | €8,586 | -€18,645 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,231 | €8,586 | -€18,645 | -68.5% |
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 26 October 2026 via checked.be.