Savage Associates: 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.
Savage Associates
Largest movements
- Receivables within one year +€59,378
up €59,378 (+20.3%), from €292,949 to €352,327
of which Other amounts receivable: +€104,562
- Trade debts +€53,484
up €53,484 (+27.2%), from €196,385 to €249,869
- Tax, wage and social debts +€16,733
up €16,733 (+215%), from €7,787 to €24,521
- Profit (loss) carried forward -€11,674
down €11,674 (-4.8%), from -€243,303 to -€254,977
- Gross operating margin -€21,800
down €21,800, from €14,549 to -€7,252
- Taxes -€3,361
down €3,361 (-96.6%), from €3,480 to €119
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 | €304,366 | €362,833 | +€58,467 | +19.2% |
| Current assets | 29/58 | €304,366 | €362,833 | +€58,467 | +19.2% |
| Stocks and contracts in progress | 3 | €10,417 | €10,417 | = | 0.0% |
| Stocks | 30/36 | €10,417 | €10,417 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €292,949 | €352,327 | +€59,378 | +20.3% |
| Trade receivables | 40 | €45,184 | €0 | -€45,184 | -100% |
| Other amounts receivable | 41 | €247,764 | €352,327 | +€104,562 | +42.2% |
| Cash at bank and in hand | 54/58 | €286 | €89 | -€197 | -69.0% |
| Deferred charges and accrued income | 490/1 | €714 | €0 | -€714 | -100% |
| Total equity and liabilities | 10/49 | €304,366 | €362,833 | +€58,467 | +19.2% |
| Equity | 10/15 | €76,037 | €64,363 | -€11,674 | -15.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €257,340 | €257,340 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €251,140 | €251,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€243,303 | -€254,977 | -€11,674 | -4.8% |
| Amounts payable | 17/49 | €228,329 | €298,470 | +€70,140 | +30.7% |
| Amounts payable after more than one year | 17 | €24,080 | €24,080 | = | 0.0% |
| Trade debts | 175 | €24,080 | €24,080 | = | 0.0% |
| Amounts payable within one year | 42/48 | €204,249 | €274,390 | +€70,140 | +34.3% |
| Financial debts | 43 | €77 | - | -€77 | |
| Credit institutions | 430/8 | €77 | - | -€77 | |
| Trade debts | 44 | €196,385 | €249,869 | +€53,484 | +27.2% |
| Suppliers | 440/4 | €196,385 | €249,869 | +€53,484 | +27.2% |
| Taxes, remuneration and social security | 45 | €7,787 | €24,521 | +€16,733 | +215% |
| Taxes | 450/3 | €7,787 | €24,521 | +€16,733 | +215% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €2,451 | €2,548 | +€97 | +4.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €14,549 | -€7,252 | -€21,800 | |
| Operating profit (loss) | 9901 | €12,098 | -€9,800 | -€21,898 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,726 | €1,757 | +€31 | +1.8% |
| Recurring financial charges | 65 | €1,726 | €1,757 | +€31 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €10,371 | -€11,555 | -€21,926 | |
| Income taxes | 67/77 | €3,480 | €119 | -€3,361 | -96.6% |
| Profit (loss) for the period | 9904 | €6,891 | -€11,674 | -€18,565 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,891 | -€11,674 | -€18,565 |
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 27 October 2026 via checked.be.