Sauvage Management: 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 Management
Largest movements
- Financial fixed assets +€240,000
new in 2025: €240,000
- Receivables within one year +€115,505
new in 2025: €115,505
- Cash +€16,274
up €16,274 (+534%), from €3,050 to €19,324
mainly Debts after one year (+€205,449) and Net result for the year (+€77,938)
- Tangible fixed assets +€9,867
new in 2025: €9,867
of which Furniture and vehicles: +€8,750
- Debts after one year +€205,449
new in 2025: €205,449
- Profit (loss) carried forward +€77,105
up €77,105, from -€1,924 to €75,181
- Tax, wage and social debts +€47,129
new in 2025: €47,129
of which Taxes: +€44,629
- Current portion of long-term debt +€30,812
new in 2025: €30,812
- Other debts +€15,793
up €15,793 (+31,586%), from €50 to €15,843
- Gross operating margin +€112,813
up €112,813, from -€1,602 to €111,211
- Taxes +€19,093
new in 2025: €19,093
- Financial charges +€8,717
new in 2025: €8,717
- Depreciation +€5,289
new in 2025: €5,289
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 | €3,050 | €384,754 | +€381,704 | +12,515% |
| Fixed assets | 21/28 | - | €249,867 | +€249,867 | |
| Tangible fixed assets | 22/27 | - | €9,867 | +€9,867 | |
| Plant, machinery and equipment | 23 | - | €1,117 | +€1,117 | |
| Furniture and vehicles | 24 | - | €8,750 | +€8,750 | |
| Financial fixed assets | 28 | - | €240,000 | +€240,000 | |
| Current assets | 29/58 | €3,050 | €134,887 | +€131,837 | +4,323% |
| Amounts receivable within one year | 40/41 | - | €115,505 | +€115,505 | |
| Trade receivables | 40 | - | €115,505 | +€115,505 | |
| Cash at bank and in hand | 54/58 | €3,050 | €19,324 | +€16,274 | +534% |
| Deferred charges and accrued income | 490/1 | - | €58 | +€58 | |
| Total equity and liabilities | 10/49 | €3,050 | €384,754 | +€381,704 | +12,515% |
| Equity | 10/15 | €1,076 | €78,181 | +€77,105 | +7,165% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,924 | €75,181 | +€77,105 | |
| Amounts payable | 17/49 | €1,974 | €306,573 | +€304,599 | +15,431% |
| Amounts payable after more than one year | 17 | - | €205,449 | +€205,449 | |
| Financial debts | 170/4 | - | €205,449 | +€205,449 | |
| Amounts payable within one year | 42/48 | €1,974 | €94,138 | +€92,164 | +4,669% |
| Current portion of amounts payable after more than one year | 42 | - | €30,812 | +€30,812 | |
| Trade debts | 44 | €1,924 | €354 | -€1,569 | -81.6% |
| Suppliers | 440/4 | €1,924 | €354 | -€1,569 | -81.6% |
| Taxes, remuneration and social security | 45 | - | €47,129 | +€47,129 | |
| Taxes | 450/3 | - | €44,629 | +€44,629 | |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €50 | €15,843 | +€15,793 | +31,586% |
| Accrued charges and deferred income | 492/3 | - | €6,986 | +€6,986 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,289 | +€5,289 | |
| Other operating charges | 640/8 | €322 | €175 | -€147 | -45.7% |
| Gross operating margin | 9900 | -€1,602 | €111,211 | +€112,813 | |
| Operating profit (loss) | 9901 | -€1,924 | €105,748 | +€107,672 | |
| Financial charges | 65/66B | - | €8,717 | +€8,717 | |
| Recurring financial charges | 65 | - | €8,717 | +€8,717 | |
| Profit (loss) for the period before taxes | 9903 | -€1,924 | €97,031 | +€98,955 | |
| Income taxes | 67/77 | - | €19,093 | +€19,093 | |
| Profit (loss) for the period | 9904 | -€1,924 | €77,938 | +€79,862 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,924 | €77,938 | +€79,862 |
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 28 October 2026 via checked.be.