SAVAGA: 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.
SAVAGA
Largest movements
- Receivables within one year -€1,881
down €1,881 (-31.3%), from €6,004 to €4,123
of which Trade receivables: -€2,035
- Cash +€1,237
up €1,237 (+125%), from €992 to €2,229
mainly Receivables within one year (+€1,881) and Trade debts (+€735)
- Deferred charges and accrued income +€490
new in 2025: €490
- Other debts -€1,000
down €1,000 (-2.0%), from €49,523 to €48,523
- Trade debts +€735
up €735 (+84.5%), from €870 to €1,605
- Profit (loss) carried forward +€111
up €111 (+0.2%), from -€68,806 to -€68,695
- Gross operating margin -€6,331
down €6,331 (-91.9%), from €6,887 to €555
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 | €6,996 | €6,842 | -€154 | -2.2% |
| Current assets | 29/58 | €6,996 | €6,842 | -€154 | -2.2% |
| Amounts receivable within one year | 40/41 | €6,004 | €4,123 | -€1,881 | -31.3% |
| Trade receivables | 40 | €5,523 | €3,488 | -€2,035 | -36.8% |
| Other amounts receivable | 41 | €481 | €636 | +€154 | +32.1% |
| Cash at bank and in hand | 54/58 | €992 | €2,229 | +€1,237 | +125% |
| Deferred charges and accrued income | 490/1 | - | €490 | +€490 | |
| Total equity and liabilities | 10/49 | €6,996 | €6,842 | -€154 | -2.2% |
| Equity | 10/15 | -€43,397 | -€43,286 | +€111 | +0.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,817 | €6,817 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,806 | -€68,695 | +€111 | +0.2% |
| Amounts payable | 17/49 | €50,393 | €50,128 | -€265 | -0.5% |
| Amounts payable within one year | 42/48 | €50,393 | €50,128 | -€265 | -0.5% |
| Trade debts | 44 | €870 | €1,605 | +€735 | +84.5% |
| Suppliers | 440/4 | €870 | €1,605 | +€735 | +84.5% |
| Other amounts payable | 47/48 | €49,523 | €48,523 | -€1,000 | -2.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €6,887 | €555 | -€6,331 | -91.9% |
| Operating profit (loss) | 9901 | €6,499 | €156 | -€6,344 | -97.6% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €46 | €45 | -€1 | -2.6% |
| Recurring financial charges | 65 | €46 | €45 | -€1 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €6,484 | €111 | -€6,372 | -98.3% |
| Profit (loss) for the period | 9904 | €6,484 | €111 | -€6,372 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,484 | €111 | -€6,372 | -98.3% |
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 19 October 2026 via checked.be.