SAVA SUPER: 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 SUPER
Largest movements
- Tangible fixed assets +€630,217
up €630,217 (+3,417%), from €18,441 to €648,658
of which Land and buildings: +€541,189
- Cash -€71,061
down €71,061 (-53.4%), from €133,078 to €62,017
mainly Investment in fixed assets (net) (-€665,992) and Tax, wage and social debts (-€5,070)
- Intangible fixed assets -€19,000
down €19,000 (-27.9%), from €68,219 to €49,219
- Debts after one year +€340,455
up €340,455 (+643%), from €52,941 to €393,396
- Trade debts +€98,573
up €98,573 (+10,667%), from €924 to €99,497
- Reserves +€75,191
up €75,191 (+54.8%), from €137,199 to €212,390
- Current portion of long-term debt +€21,669
up €21,669 (+111%), from €19,491 to €41,160
- Other debts +€14,491
up €14,491 (+182%), from €7,981 to €22,472
- Gross operating margin +€55,933
up €55,933 (+31.5%), from €177,399 to €233,332
- Depreciation +€29,634
up €29,634 (+118%), from €25,141 to €54,775
- Staff costs +€12,073
up €12,073 (+26.1%), from €46,285 to €58,358
- Financial charges +€8,848
up €8,848 (+221%), from €3,999 to €12,847
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 | €239,552 | €785,089 | +€545,537 | +228% |
| Fixed assets | 21/28 | €90,260 | €701,477 | +€611,217 | +677% |
| Intangible fixed assets | 21 | €68,219 | €49,219 | -€19,000 | -27.9% |
| Tangible fixed assets | 22/27 | €18,441 | €648,658 | +€630,217 | +3,417% |
| Land and buildings | 22 | - | €541,189 | +€541,189 | |
| Plant, machinery and equipment | 23 | €17,055 | €76,388 | +€59,333 | +348% |
| Furniture and vehicles | 24 | €1,386 | €31,081 | +€29,695 | +2,142% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €149,291 | €83,612 | -€65,680 | -44.0% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,863 | €4,648 | +€786 | +20.3% |
| Stocks | 30/36 | €3,863 | €4,648 | +€786 | +20.3% |
| Amounts receivable within one year | 40/41 | €2,350 | €6,946 | +€4,595 | +196% |
| Trade receivables | 40 | - | €589 | +€589 | |
| Other amounts receivable | 41 | €2,350 | €6,356 | +€4,006 | +170% |
| Cash at bank and in hand | 54/58 | €133,078 | €62,017 | -€71,061 | -53.4% |
| Total equity and liabilities | 10/49 | €239,552 | €785,089 | +€545,537 | +228% |
| Equity | 10/15 | €152,199 | €227,390 | +€75,191 | +49.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €137,199 | €212,390 | +€75,191 | +54.8% |
| Distributable reserves | 133 | €137,199 | €212,390 | +€75,191 | +54.8% |
| Amounts payable | 17/49 | €87,353 | €557,699 | +€470,346 | +538% |
| Amounts payable after more than one year | 17 | €52,941 | €393,396 | +€340,455 | +643% |
| Financial debts | 170/4 | €52,941 | €393,396 | +€340,455 | +643% |
| Amounts payable within one year | 42/48 | €34,346 | €164,009 | +€129,663 | +378% |
| Current portion of amounts payable after more than one year | 42 | €19,491 | €41,160 | +€21,669 | +111% |
| Trade debts | 44 | €924 | €99,497 | +€98,573 | +10,667% |
| Suppliers | 440/4 | €924 | €99,497 | +€98,573 | +10,667% |
| Taxes, remuneration and social security | 45 | €5,950 | €880 | -€5,070 | -85.2% |
| Taxes | 450/3 | €4,865 | €0 | -€4,865 | -100% |
| Remuneration and social security | 454/9 | €1,084 | €880 | -€205 | -18.9% |
| Other amounts payable | 47/48 | €7,981 | €22,472 | +€14,491 | +182% |
| Accrued charges and deferred income | 492/3 | €65 | €294 | +€229 | +351% |
| Remuneration, social security and pensions | 62 | €46,285 | €58,358 | +€12,073 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,141 | €54,775 | +€29,634 | +118% |
| Other operating charges | 640/8 | €1,170 | €3,483 | +€2,313 | +198% |
| Non-recurring operating charges | 66A | - | €785 | +€785 | |
| Gross operating margin | 9900 | €177,399 | €233,332 | +€55,933 | +31.5% |
| Operating profit (loss) | 9901 | €104,803 | €115,931 | +€11,128 | +10.6% |
| Financial income | 75/76B | €701 | €604 | -€97 | -13.8% |
| Recurring financial income | 75 | €701 | €604 | -€97 | -13.8% |
| Financial charges | 65/66B | €3,999 | €12,847 | +€8,848 | +221% |
| Recurring financial charges | 65 | €3,999 | €12,847 | +€8,848 | +221% |
| Profit (loss) for the period before taxes | 9903 | €101,505 | €103,688 | +€2,183 | +2.2% |
| Income taxes | 67/77 | €27,875 | €28,497 | +€622 | +2.2% |
| Profit (loss) for the period | 9904 | €73,630 | €75,191 | +€1,561 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,630 | €75,191 | +€1,561 | +2.1% |
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 14 October 2026 via checked.be.