SAVA-SÛR: 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-SÛR
Largest movements
- Receivables within one year -€29,925
down €29,925 (-94.3%), from €31,725 to €1,799
of which Other amounts receivable: -€17,339
- Cash -€23,107
down €23,107 (-70.4%), from €32,820 to €9,713
mainly Investment in fixed assets (net) (-€30,360) and Net result for the year (-€27,928)
- Tangible fixed assets -€9,673
down €9,673 (-1.1%), from €881,454 to €871,781
of which Land and buildings: -€26,169
- Profit (loss) carried forward -€27,928
down €27,928 (-28.7%), from -€97,268 to -€125,196
- Debts after one year -€27,272
down €27,272 (-4.2%), from €644,414 to €617,142
- Revaluation surpluses -€19,463
down €19,463 (-6.6%), from €295,182 to €275,719
- Reserves +€19,463
up €19,463 (+47.3%), from €41,146 to €60,609
of which Distributable reserves: +€19,463
- Gross operating margin -€50,521
down €50,521 (-50.6%), from €99,892 to €49,371
- Depreciation +€4,048
up €4,048 (+11.2%), from €35,985 to €40,033
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €947,590 | €884,886 | -€62,705 | -6.6% |
| Fixed assets | 21/28 | €881,744 | €872,071 | -€9,673 | -1.1% |
| Tangible fixed assets | 22/27 | €881,454 | €871,781 | -€9,673 | -1.1% |
| Land and buildings | 22 | €794,836 | €768,666 | -€26,169 | -3.3% |
| Plant, machinery and equipment | 23 | €3,147 | €847 | -€2,300 | -73.1% |
| Furniture and vehicles | 24 | €18,035 | €11,054 | -€6,981 | -38.7% |
| Other tangible fixed assets | 26 | €65,436 | €91,213 | +€25,778 | +39.4% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €65,847 | €12,815 | -€53,032 | -80.5% |
| Amounts receivable within one year | 40/41 | €31,725 | €1,799 | -€29,925 | -94.3% |
| Trade receivables | 40 | €13,361 | €774 | -€12,586 | -94.2% |
| Other amounts receivable | 41 | €18,364 | €1,025 | -€17,339 | -94.4% |
| Cash at bank and in hand | 54/58 | €32,820 | €9,713 | -€23,107 | -70.4% |
| Deferred charges and accrued income | 490/1 | €1,302 | €1,302 | = | 0.0% |
| Total equity and liabilities | 10/49 | €947,590 | €884,886 | -€62,705 | -6.6% |
| Equity | 10/15 | €239,060 | €211,132 | -€27,928 | -11.7% |
| Revaluation surpluses | 12 | €295,182 | €275,719 | -€19,463 | -6.6% |
| Reserves | 13 | €41,146 | €60,609 | +€19,463 | +47.3% |
| Non-distributable reserves | 130/1 | €1,952 | €1,952 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,952 | €1,952 | = | 0.0% |
| Distributable reserves | 133 | €39,194 | €58,656 | +€19,463 | +49.7% |
| Profit (loss) carried forward | 14 | -€97,268 | -€125,196 | -€27,928 | -28.7% |
| Amounts payable | 17/49 | €708,531 | €673,754 | -€34,777 | -4.9% |
| Amounts payable after more than one year | 17 | €644,414 | €617,142 | -€27,272 | -4.2% |
| Financial debts | 170/4 | €644,414 | €617,142 | -€27,272 | -4.2% |
| Amounts payable within one year | 42/48 | €64,117 | €56,611 | -€7,505 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €29,945 | €34,627 | +€4,682 | +15.6% |
| Trade debts | 44 | €8,964 | €1,789 | -€7,175 | -80.0% |
| Suppliers | 440/4 | €8,964 | €1,789 | -€7,175 | -80.0% |
| Taxes, remuneration and social security | 45 | €5,012 | - | -€5,012 | |
| Taxes | 450/3 | €5,012 | - | -€5,012 | |
| Other amounts payable | 47/48 | €20,196 | €20,196 | = | 0.0% |
| Non-recurring operating income | 76A | €35,501 | - | -€35,501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,985 | €40,033 | +€4,048 | +11.2% |
| Other operating charges | 640/8 | €12,410 | €12,596 | +€186 | +1.5% |
| Non-recurring operating charges | 66A | €5,769 | - | -€5,769 | |
| Gross operating margin | 9900 | €99,892 | €49,371 | -€50,521 | -50.6% |
| Operating profit (loss) | 9901 | €45,728 | -€3,258 | -€48,986 | |
| Financial charges | 65/66B | €25,049 | €24,670 | -€380 | -1.5% |
| Recurring financial charges | 65 | €25,049 | €24,670 | -€380 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €20,679 | -€27,928 | -€48,606 | |
| Income taxes | 67/77 | €500 | - | -€500 | |
| Profit (loss) for the period | 9904 | €20,179 | -€27,928 | -€48,106 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,179 | -€27,928 | -€48,106 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.