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
- Cash +€30,961
up €30,961 (+723.5%), from €4,280 to €35,240
mainly Net result for the year (+€32,746) and Tax, wage and social debts (+€6,102)
- Receivables within one year -€2,558
down €2,558 (-18.1%), from €14,156 to €11,598
of which Other amounts receivable: -€5,077
- Tangible fixed assets -€558
down €558 (-11.1%), from €5,024 to €4,465
- Profit (loss) carried forward +€16,460
no longer reported in 2025 (was -€16,460)
- Reserves +€16,286
new in 2025: €16,286
- Other debts -€6,400
down €6,400 (-23.2%), from €27,577 to €21,177
- Tax, wage and social debts +€6,102
up €6,102 (+604.4%), from €1,010 to €7,111
of which Taxes: +€5,802
- Trade debts -€4,963
down €4,963 (-61.5%), from €8,074 to €3,112
- Gross operating margin +€46,144
up €46,144, from -€4,032 to €42,112
- Taxes +€5,585
up €5,585 (+1772.6%), from €315 to €5,900
- Other operating charges +€981
up €981 (+88.6%), from €1,108 to €2,089
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 | €25,201 | €52,757 | +€27,557 | +109.3% |
| Fixed assets | 21/28 | €6,204 | €5,351 | -€853 | -13.8% |
| Intangible fixed assets | 21 | €1,180 | €885 | -€295 | -25.0% |
| Tangible fixed assets | 22/27 | €5,024 | €4,465 | -€558 | -11.1% |
| Furniture and vehicles | 24 | €5,024 | €4,465 | -€558 | -11.1% |
| Current assets | 29/58 | €18,997 | €47,407 | +€28,410 | +149.5% |
| Amounts receivable within one year | 40/41 | €14,156 | €11,598 | -€2,558 | -18.1% |
| Trade receivables | 40 | €1,575 | €4,094 | +€2,519 | +159.9% |
| Other amounts receivable | 41 | €12,581 | €7,504 | -€5,077 | -40.4% |
| Cash at bank and in hand | 54/58 | €4,280 | €35,240 | +€30,961 | +723.5% |
| Deferred charges and accrued income | 490/1 | €561 | €568 | +€6 | +1.1% |
| Total equity and liabilities | 10/49 | €25,201 | €52,757 | +€27,557 | +109.3% |
| Equity | 10/15 | -€11,460 | €21,286 | +€32,746 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €16,286 | +€16,286 | |
| Distributable reserves | 133 | - | €16,286 | +€16,286 | |
| Profit (loss) carried forward | 14 | -€16,460 | - | +€16,460 | |
| Amounts payable | 17/49 | €36,660 | €31,471 | -€5,189 | -14.2% |
| Amounts payable within one year | 42/48 | €36,660 | €31,400 | -€5,260 | -14.3% |
| Trade debts | 44 | €8,074 | €3,112 | -€4,963 | -61.5% |
| Suppliers | 440/4 | €8,074 | €3,112 | -€4,963 | -61.5% |
| Taxes, remuneration and social security | 45 | €1,010 | €7,111 | +€6,102 | +604.4% |
| Taxes | 450/3 | €1,010 | €6,811 | +€5,802 | +574.7% |
| Remuneration and social security | 454/9 | - | €300 | +€300 | |
| Other amounts payable | 47/48 | €27,577 | €21,177 | -€6,400 | -23.2% |
| Accrued charges and deferred income | 492/3 | - | €71 | +€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €853 | €853 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,108 | €2,089 | +€981 | +88.6% |
| Gross operating margin | 9900 | -€4,032 | €42,112 | +€46,144 | |
| Operating profit (loss) | 9901 | -€5,993 | €39,170 | +€45,163 | |
| Financial income | 75/76B | €143 | €184 | +€41 | +28.9% |
| Recurring financial income | 75 | €143 | €184 | +€41 | +28.9% |
| Financial charges | 65/66B | €558 | €708 | +€151 | +27.0% |
| Recurring financial charges | 65 | €558 | €708 | +€151 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,408 | €38,646 | +€45,053 | |
| Income taxes | 67/77 | €315 | €5,900 | +€5,585 | +1772.6% |
| Profit (loss) for the period | 9904 | -€6,723 | €32,746 | +€39,468 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,723 | €32,746 | +€39,468 |
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 11 October 2026 via checked.be.