SAVA-M: what changed
Two fiscal 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-M
Largest movements
- Stocks and contracts +€21,000
new in 2025: €21,000
- Cash -€19,037
no longer reported in 2025 (was €19,037)
mainly Stocks and contracts (-€21,000) and Receivables within one year (-€18,725)
- Receivables within one year +€18,725
up €18,725 (+26.7%), from €70,133 to €88,857
of which Other amounts receivable: +€9,719
- Tangible fixed assets -€3,350
down €3,350 (-31.6%), from €10,612 to €7,263
of which Furniture and vehicles: -€2,978
- Deferred charges and accrued income +€1,603
new in 2025: €1,603
- Trade debts +€9,241
up €9,241 (+5497.3%), from €168 to €9,409
- Short-term financial debts +€6,953
new in 2025: €6,953
- Profit (loss) carried forward +€2,669
up €2,669 (+3.3%), from €80,716 to €83,385
- Gross operating margin -€4,953
down €4,953 (-24.8%), from €20,005 to €15,053
- Other operating charges +€2,317
up €2,317 (+82.7%), from €2,802 to €5,120
- Taxes -€644
down €644 (-15.3%), from €4,198 to €3,554
- Financial charges -€226
down €226 (-38.5%), from €586 to €360
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 | €99,782 | €118,723 | +€18,940 | +19.0% |
| Fixed assets | 21/28 | €10,612 | €7,263 | -€3,350 | -31.6% |
| Tangible fixed assets | 22/27 | €10,612 | €7,263 | -€3,350 | -31.6% |
| Plant, machinery and equipment | 23 | €465 | €93 | -€372 | -80.0% |
| Furniture and vehicles | 24 | €10,148 | €7,170 | -€2,978 | -29.3% |
| Current assets | 29/58 | €89,170 | €111,460 | +€22,290 | +25.0% |
| Stocks and contracts in progress | 3 | - | €21,000 | +€21,000 | |
| Stocks | 30/36 | - | €21,000 | +€21,000 | |
| Amounts receivable within one year | 40/41 | €70,133 | €88,857 | +€18,725 | +26.7% |
| Trade receivables | 40 | €22,800 | €31,805 | +€9,005 | +39.5% |
| Other amounts receivable | 41 | €47,333 | €57,052 | +€9,719 | +20.5% |
| Cash at bank and in hand | 54/58 | €19,037 | - | -€19,037 | |
| Deferred charges and accrued income | 490/1 | - | €1,603 | +€1,603 | |
| Total equity and liabilities | 10/49 | €99,782 | €118,723 | +€18,940 | +19.0% |
| Equity | 10/15 | €90,716 | €93,385 | +€2,669 | +2.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,716 | €83,385 | +€2,669 | +3.3% |
| Amounts payable | 17/49 | €9,067 | €25,338 | +€16,271 | +179.5% |
| Amounts payable within one year | 42/48 | €9,067 | €25,338 | +€16,271 | +179.5% |
| Financial debts | 43 | - | €6,953 | +€6,953 | |
| Credit institutions | 430/8 | - | €6,953 | +€6,953 | |
| Trade debts | 44 | €168 | €9,409 | +€9,241 | +5497.3% |
| Suppliers | 440/4 | €168 | €9,409 | +€9,241 | +5497.3% |
| Taxes, remuneration and social security | 45 | €8,898 | €8,976 | +€77 | +0.9% |
| Taxes | 450/3 | €8,898 | €8,976 | +€77 | +0.9% |
| Non-recurring operating income | 76A | €2,735 | - | -€2,735 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,350 | €3,350 | = | 0.0% |
| Other operating charges | 640/8 | €2,802 | €5,120 | +€2,317 | +82.7% |
| Gross operating margin | 9900 | €20,005 | €15,053 | -€4,953 | -24.8% |
| Operating profit (loss) | 9901 | €13,853 | €6,583 | -€7,270 | -52.5% |
| Financial charges | 65/66B | €586 | €360 | -€226 | -38.5% |
| Recurring financial charges | 65 | €586 | €360 | -€226 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €13,268 | €6,223 | -€7,044 | -53.1% |
| Income taxes | 67/77 | €4,198 | €3,554 | -€644 | -15.3% |
| Profit (loss) for the period | 9904 | €9,069 | €2,669 | -€6,400 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,069 | €2,669 | -€6,400 | -70.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.