SAVAGANBXL: 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.
SAVAGANBXL
Largest movements
- Receivables within one year +€45,053
new in 2024: €45,053
- Tangible fixed assets +€41,564
up €41,564 (+34.7%), from €119,727 to €161,291
of which Plant, machinery and equipment: +€36,952
- Intangible fixed assets -€5,320
down €5,320 (-25.5%), from €20,836 to €15,516
- Cash -€4,708
no longer reported in 2024 (was €4,708)
mainly Investment in fixed assets (net) (-€54,207) and Receivables within one year (-€45,053)
- Debts after one year +€35,897
up €35,897 (+25.3%), from €141,707 to €177,603
of which Financial debts: +€24,416
- Tax, wage and social debts +€28,616
up €28,616 (+68.5%), from €41,747 to €70,363
of which Remuneration and social security: +€37,695
- Trade debts +€19,107
up €19,107 (+292%), from €6,533 to €25,639
- Current portion of long-term debt -€18,494
down €18,494 (-63.5%), from €29,111 to €10,617
- Profit (loss) carried forward +€11,206
up €11,206 (+20.8%), from -€53,938 to -€42,732
- Gross operating margin -€9,889
down €9,889 (-12.8%), from €77,449 to €67,560
- Other operating charges -€2,435
down €2,435 (-75.0%), from €3,246 to €811
- Financial charges -€1,008
down €1,008 (-10.7%), from €9,409 to €8,401
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 | €185,620 | €262,001 | +€76,382 | +41.1% |
| Fixed assets | 21/28 | €150,312 | €186,557 | +€36,245 | +24.1% |
| Intangible fixed assets | 21 | €20,836 | €15,516 | -€5,320 | -25.5% |
| Tangible fixed assets | 22/27 | €119,727 | €161,291 | +€41,564 | +34.7% |
| Plant, machinery and equipment | 23 | €113,632 | €150,584 | +€36,952 | +32.5% |
| Furniture and vehicles | 24 | €1,235 | €7,088 | +€5,853 | +474% |
| Other tangible fixed assets | 26 | €4,860 | €3,619 | -€1,241 | -25.5% |
| Financial fixed assets | 28 | €9,750 | €9,750 | = | 0.0% |
| Current assets | 29/58 | €35,308 | €75,445 | +€40,137 | +114% |
| Stocks and contracts in progress | 3 | €30,392 | €30,392 | = | 0.0% |
| Stocks | 30/36 | €30,392 | €30,392 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €45,053 | +€45,053 | |
| Trade receivables | 40 | - | €45,053 | +€45,053 | |
| Cash at bank and in hand | 54/58 | €4,708 | - | -€4,708 | |
| Deferred charges and accrued income | 490/1 | €208 | - | -€208 | |
| Total equity and liabilities | 10/49 | €185,620 | €262,001 | +€76,382 | +41.1% |
| Equity | 10/15 | -€33,478 | -€22,272 | +€11,206 | +33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,938 | -€42,732 | +€11,206 | +20.8% |
| Amounts payable | 17/49 | €219,098 | €284,273 | +€65,175 | +29.7% |
| Amounts payable after more than one year | 17 | €141,707 | €177,603 | +€35,897 | +25.3% |
| Financial debts | 170/4 | €61,401 | €85,817 | +€24,416 | +39.8% |
| Other amounts payable | 178/9 | €80,306 | €91,786 | +€11,481 | +14.3% |
| Amounts payable within one year | 42/48 | €77,391 | €106,670 | +€29,279 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €29,111 | €10,617 | -€18,494 | -63.5% |
| Trade debts | 44 | €6,533 | €25,639 | +€19,107 | +292% |
| Suppliers | 440/4 | €6,533 | €25,639 | +€19,107 | +292% |
| Taxes, remuneration and social security | 45 | €41,747 | €70,363 | +€28,616 | +68.5% |
| Taxes | 450/3 | €36,032 | €26,954 | -€9,079 | -25.2% |
| Remuneration and social security | 454/9 | €5,714 | €43,409 | +€37,695 | +660% |
| Other amounts payable | 47/48 | - | €51 | +€51 | |
| Non-recurring operating income | 76A | €14,594 | - | -€14,594 | |
| Remuneration, social security and pensions | 62 | €29,035 | €29,180 | +€145 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,224 | €17,962 | -€262 | -1.4% |
| Other operating charges | 640/8 | €3,246 | €811 | -€2,435 | -75.0% |
| Gross operating margin | 9900 | €77,449 | €67,560 | -€9,889 | -12.8% |
| Operating profit (loss) | 9901 | €26,944 | €19,607 | -€7,337 | -27.2% |
| Financial charges | 65/66B | €9,409 | €8,401 | -€1,008 | -10.7% |
| Recurring financial charges | 65 | €9,409 | €8,401 | -€1,008 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €17,535 | €11,206 | -€6,329 | -36.1% |
| Income taxes | 67/77 | €116 | - | -€116 | |
| Profit (loss) for the period | 9904 | €17,419 | €11,206 | -€6,213 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,419 | €11,206 | -€6,213 | -35.7% |
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 30 October 2026 via checked.be.