SAVAAN: what changed
What changed
SAVAAN
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€143,409
2024 · €118,898+€24,511
Equity
€183,921
2024 · €40,512+€143,409
Cash
€147,005
2024 · €385,531-€238,526
Balance sheet total
€3.1m
2024 · €2.9m+€140,482
Largest movements
Assets
- Current investments +€500,000
new in 2025: €500,000
- Cash -€238,526
down €238,526 (-61.9%), from €385,531 to €147,005
mainly Current investments (-€500,000) and Trade debts (-€60,799)
- Tangible fixed assets -€118,016
down €118,016 (-4.7%), from €2.5m to €2.4m
Equity and liabilities
- Profit (loss) carried forward +€136,209
up €136,209 (+28.7%), from -€475,088 to -€338,879
- Other debts +€75,000
up €75,000 (+3,063%), from €2,449 to €77,449
- Trade debts -€60,799
down €60,799 (-80.0%), from €76,023 to €15,224
Income statement
- Gross operating margin +€21,817
up €21,817 (+6.4%), from €339,059 to €360,876
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€118,898
Gross operating margin
+€21,817
Depreciation
-€8
Other operating charges
-€608
Financial charges
+€3,310
Result 2025
€143,409
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€270,899
Investment
-€500,000
Financing
-€9,425
Cash 2024
€385,531
From operations (derived)
+€270,899
Net result for the year
+€143,409
Depreciation
+€118,016
Receivables within one year
+€2,580
Deferred charges and accrued income
+€397
Trade debts
-€60,799
Advances received
-€5,592
Other debts
+€75,000
Accrued charges and deferred income
-€2,112
Investment (derived)
-€500,000
Current investments
-€500,000
Financing
-€9,425
Debts after one year
-€9,425
Cash 2025
€147,005
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,909,711 | €3,050,193 | +€140,482 | +4.8% |
| Fixed assets | 21/28 | €2,513,847 | €2,395,832 | -€118,016 | -4.7% |
| Tangible fixed assets | 22/27 | €2,513,847 | €2,395,832 | -€118,016 | -4.7% |
| Land and buildings | 22 | €2,513,847 | €2,395,832 | -€118,016 | -4.7% |
| Current assets | 29/58 | €395,864 | €654,361 | +€258,497 | +65.3% |
| Amounts receivable within one year | 40/41 | €3,203 | €624 | -€2,580 | -80.5% |
| Trade receivables | 40 | €2,580 | €0 | -€2,580 | -100% |
| Other amounts receivable | 41 | €624 | €624 | = | 0.0% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €385,531 | €147,005 | -€238,526 | -61.9% |
| Deferred charges and accrued income | 490/1 | €7,130 | €6,733 | -€397 | -5.6% |
| Total equity and liabilities | 10/49 | €2,909,711 | €3,050,193 | +€140,482 | +4.8% |
| Equity | 10/15 | €40,512 | €183,921 | +€143,409 | +354% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €15,600 | €22,800 | +€7,200 | +46.2% |
| Non-distributable reserves | 130/1 | €15,600 | €22,800 | +€7,200 | +46.2% |
| Legal reserve | 130 | €15,600 | €22,800 | +€7,200 | +46.2% |
| Profit (loss) carried forward | 14 | -€475,088 | -€338,879 | +€136,209 | +28.7% |
| Amounts payable | 17/49 | €2,869,199 | €2,866,272 | -€2,928 | -0.1% |
| Amounts payable after more than one year | 17 | €2,581,753 | €2,572,328 | -€9,425 | -0.4% |
| Financial debts | 170/4 | €2,518,683 | €2,506,228 | -€12,455 | -0.5% |
| Other amounts payable | 178/9 | €63,070 | €66,100 | +€3,030 | +4.8% |
| Amounts payable within one year | 42/48 | €234,940 | €243,550 | +€8,610 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €117,645 | €117,645 | = | 0.0% |
| Trade debts | 44 | €76,023 | €15,224 | -€60,799 | -80.0% |
| Suppliers | 440/4 | €76,023 | €15,224 | -€60,799 | -80.0% |
| Advances received on contracts in progress | 46 | €32,359 | €26,767 | -€5,592 | -17.3% |
| Taxes, remuneration and social security | 45 | €6,465 | €6,465 | = | 0.0% |
| Taxes | 450/3 | €6,465 | €6,465 | = | 0.0% |
| Other amounts payable | 47/48 | €2,449 | €77,449 | +€75,000 | +3,063% |
| Accrued charges and deferred income | 492/3 | €52,506 | €50,394 | -€2,112 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,007 | €118,016 | +€8 | 0.0% |
| Other operating charges | 640/8 | €25,769 | €26,377 | +€608 | +2.4% |
| Gross operating margin | 9900 | €339,059 | €360,876 | +€21,817 | +6.4% |
| Operating profit (loss) | 9901 | €195,283 | €216,484 | +€21,201 | +10.9% |
| Financial charges | 65/66B | €76,384 | €73,074 | -€3,310 | -4.3% |
| Recurring financial charges | 65 | €76,384 | €73,074 | -€3,310 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €118,898 | €143,409 | +€24,511 | +20.6% |
| Profit (loss) for the period | 9904 | €118,898 | €143,409 | +€24,511 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,898 | €143,409 | +€24,511 | +20.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.