SAVAN: what changed
Two fiscal 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.
SAVAN
Largest movements
- Cash +€25,846
up €25,846 (+64.8%), from €39,910 to €65,757
mainly Net result for the year (+€198,007) and Current portion of long-term debt (+€4,405)
- Reserves +€197,911
up €197,911 (+1804.4%), from €10,968 to €208,879
- Debts after one year -€108,120
down €108,120 (-11.7%), from €921,282 to €813,161
- Other debts -€61,213
down €61,213 (-59.3%), from €103,193 to €41,979
- Financial income +€186,083
up €186,083 (+296878.6%), from €63 to €186,146
- Gross operating margin +€17,839
up €17,839 (+39.4%), from €45,224 to €63,063
- Financial charges +€3,323
up €3,323 (+8.9%), from €37,133 to €40,457
- Depreciation +€1,470
up €1,470 (+59.1%), from €2,486 to €3,956
- Taxes +€1,341
up €1,341 (+27.9%), from €4,805 to €6,147
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,154,379 | €1,187,862 | +€33,483 | +2.9% |
| Fixed assets | 21/28 | €1,108,982 | €1,117,480 | +€8,498 | +0.8% |
| Tangible fixed assets | 22/27 | €8,757 | €17,255 | +€8,498 | +97.0% |
| Plant, machinery and equipment | 23 | €724 | €8,325 | +€7,601 | +1050.1% |
| Furniture and vehicles | 24 | €8,033 | €8,930 | +€897 | +11.2% |
| Financial fixed assets | 28 | €1,100,225 | €1,100,225 | = | 0.0% |
| Current assets | 29/58 | €45,397 | €70,382 | +€24,985 | +55.0% |
| Amounts receivable within one year | 40/41 | €5,213 | €4,246 | -€967 | -18.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,213 | €4,246 | -€967 | -18.6% |
| Cash at bank and in hand | 54/58 | €39,910 | €65,757 | +€25,846 | +64.8% |
| Deferred charges and accrued income | 490/1 | €273 | €379 | +€106 | +38.8% |
| Total equity and liabilities | 10/49 | €1,154,379 | €1,187,862 | +€33,483 | +2.9% |
| Equity | 10/15 | €14,872 | €212,879 | +€198,007 | +1331.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €10,968 | €208,879 | +€197,911 | +1804.4% |
| Distributable reserves | 133 | €10,968 | €208,879 | +€197,911 | +1804.4% |
| Profit (loss) carried forward | 14 | -€96 | €0 | +€96 | |
| Amounts payable | 17/49 | €1,139,507 | €974,982 | -€164,524 | -14.4% |
| Amounts payable after more than one year | 17 | €921,282 | €813,161 | -€108,120 | -11.7% |
| Financial debts | 170/4 | €921,282 | €813,161 | -€108,120 | -11.7% |
| Amounts payable within one year | 42/48 | €213,225 | €156,821 | -€56,404 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €103,715 | €108,120 | +€4,405 | +4.2% |
| Trade debts | 44 | €3,219 | €3,285 | +€66 | +2.0% |
| Suppliers | 440/4 | €3,219 | €3,285 | +€66 | +2.0% |
| Taxes, remuneration and social security | 45 | €3,099 | €3,437 | +€338 | +10.9% |
| Taxes | 450/3 | €3,099 | €3,437 | +€338 | +10.9% |
| Other amounts payable | 47/48 | €103,193 | €41,979 | -€61,213 | -59.3% |
| Accrued charges and deferred income | 492/3 | €5,000 | €5,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,486 | €3,956 | +€1,470 | +59.1% |
| Other operating charges | 640/8 | €958 | €643 | -€316 | -32.9% |
| Gross operating margin | 9900 | €45,224 | €63,063 | +€17,839 | +39.4% |
| Operating profit (loss) | 9901 | €41,780 | €58,465 | +€16,685 | +39.9% |
| Financial income | 75/76B | €63 | €186,146 | +€186,083 | +296878.6% |
| Recurring financial income | 75 | €63 | €186,146 | +€186,083 | +296878.6% |
| Financial charges | 65/66B | €37,133 | €40,457 | +€3,323 | +8.9% |
| Recurring financial charges | 65 | €37,133 | €40,457 | +€3,323 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €4,709 | €204,154 | +€199,445 | +4235.2% |
| Income taxes | 67/77 | €4,805 | €6,147 | +€1,341 | +27.9% |
| Profit (loss) for the period | 9904 | -€96 | €198,007 | +€198,104 | |
| Profit (loss) for the period to be appropriated | 9905 | -€96 | €198,007 | +€198,104 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.