SAVA 2: 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.
SAVA 2
Largest movements
- Tangible fixed assets -€132,956
down €132,956 (-100%), from €132,956 to €0
- Cash +€34,116
up €34,116 (+534,737%), from €6 to €34,123
mainly Investment in fixed assets (net) (+€132,956) and Deferred charges and accrued income (+€1,121)
- Debts after one year -€52,394
down €52,394 (-100%), from €52,394 to €0
- Reserves -€17,490
down €17,490 (-61.7%), from €28,363 to €10,873
- Current portion of long-term debt -€16,036
down €16,036 (-100%), from €16,036 to €0
- Short-term financial debts -€6,059
down €6,059 (-100%), from €6,059 to €0
- Other debts -€5,365
down €5,365 (-15.1%), from €35,423 to €30,058
- Gross operating margin -€22,439
down €22,439 (-82.8%), from €27,116 to €4,677
- Depreciation -€9,461
down €9,461 (-100%), from €9,461 to €0
- Taxes -€2,136
down €2,136 (-91.4%), from €2,338 to €202
- Financial charges +€1,555
up €1,555 (+22.7%), from €6,859 to €8,414
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 | €151,095 | €52,483 | -€98,613 | -65.3% |
| Fixed assets | 21/28 | €132,956 | €0 | -€132,956 | -100% |
| Tangible fixed assets | 22/27 | €132,956 | €0 | -€132,956 | -100% |
| Land and buildings | 22 | €132,956 | €0 | -€132,956 | -100% |
| Current assets | 29/58 | €18,139 | €52,483 | +€34,343 | +189% |
| Stocks and contracts in progress | 3 | €7,680 | €7,680 | = | 0.0% |
| Stocks | 30/36 | €7,680 | €7,680 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,432 | €9,780 | +€1,348 | +16.0% |
| Trade receivables | 40 | €8,412 | €9,438 | +€1,026 | +12.2% |
| Other amounts receivable | 41 | €20 | €342 | +€322 | +1,629% |
| Cash at bank and in hand | 54/58 | €6 | €34,123 | +€34,116 | +534,737% |
| Deferred charges and accrued income | 490/1 | €2,021 | €901 | -€1,121 | -55.5% |
| Total equity and liabilities | 10/49 | €151,095 | €52,483 | -€98,613 | -65.3% |
| Equity | 10/15 | €34,563 | €17,073 | -€17,490 | -50.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,363 | €10,873 | -€17,490 | -61.7% |
| Distributable reserves | 133 | €28,363 | €10,873 | -€17,490 | -61.7% |
| Amounts payable | 17/49 | €116,533 | €35,410 | -€81,123 | -69.6% |
| Amounts payable after more than one year | 17 | €52,394 | €0 | -€52,394 | -100% |
| Financial debts | 170/4 | €52,394 | €0 | -€52,394 | -100% |
| Amounts payable within one year | 42/48 | €63,212 | €35,150 | -€28,063 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €16,036 | €0 | -€16,036 | -100% |
| Financial debts | 43 | €6,059 | €0 | -€6,059 | -100% |
| Credit institutions | 430/8 | €6,059 | €0 | -€6,059 | -100% |
| Trade debts | 44 | €3,293 | €3,082 | -€211 | -6.4% |
| Suppliers | 440/4 | €3,293 | €3,082 | -€211 | -6.4% |
| Taxes, remuneration and social security | 45 | €2,401 | €2,010 | -€392 | -16.3% |
| Taxes | 450/3 | €2,401 | €2,010 | -€392 | -16.3% |
| Other amounts payable | 47/48 | €35,423 | €30,058 | -€5,365 | -15.1% |
| Accrued charges and deferred income | 492/3 | €926 | €260 | -€666 | -71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,461 | €0 | -€9,461 | -100% |
| Other operating charges | 640/8 | €3,190 | €3,281 | +€90 | +2.8% |
| Non-recurring operating charges | 66A | - | €10,386 | +€10,386 | |
| Gross operating margin | 9900 | €27,116 | €4,677 | -€22,439 | -82.8% |
| Operating profit (loss) | 9901 | €14,465 | -€8,989 | -€23,454 | |
| Financial income | 75/76B | €6 | €116 | +€109 | +1,715% |
| Recurring financial income | 75 | €6 | €116 | +€109 | +1,715% |
| Financial charges | 65/66B | €6,859 | €8,414 | +€1,555 | +22.7% |
| Recurring financial charges | 65 | €6,859 | €8,414 | +€1,555 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €7,612 | -€17,288 | -€24,900 | |
| Income taxes | 67/77 | €2,338 | €202 | -€2,136 | -91.4% |
| Profit (loss) for the period | 9904 | €5,274 | -€17,490 | -€22,764 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,274 | -€17,490 | -€22,764 |
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 15 October 2026 via checked.be.