SAVANCA: 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.
SAVANCA
Largest movements
- Tangible fixed assets +€198,101
up €198,101 (+58.2%), from €340,095 to €538,196
of which Land and buildings: +€183,775
- Receivables within one year +€38,621
up €38,621 (+34.5%), from €112,080 to €150,701
of which Trade receivables: +€31,710
- Cash +€14,297
up €14,297 (+30.0%), from €47,610 to €61,908
mainly Net result for the year (+€127,585) and Depreciation (+€92,983)
- Stocks and contracts +€14,003
up €14,003 (+58.9%), from €23,791 to €37,795
- Reserves +€99,014
up €99,014 (+149%), from €66,476 to €165,490
- Debts after one year +€79,685
up €79,685 (+35.3%), from €225,515 to €305,199
- Other debts +€26,758
up €26,758 (+278%), from €9,610 to €36,367
- Tax, wage and social debts +€22,401
up €22,401 (+66.0%), from €33,963 to €56,364
of which Remuneration and social security: +€21,443
- Current portion of long-term debt +€19,419
up €19,419 (+38.6%), from €50,269 to €69,688
- Gross operating margin +€174,089
up €174,089 (+65.6%), from €265,209 to €439,298
- Staff costs +€58,832
up €58,832 (+76.5%), from €76,923 to €135,755
- Depreciation +€37,920
up €37,920 (+68.9%), from €55,063 to €92,983
- Taxes +€18,077
up €18,077 (+66.9%), from €27,022 to €45,099
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 | €531,301 | €797,378 | +€266,077 | +50.1% |
| Fixed assets | 21/28 | €341,089 | €538,981 | +€197,891 | +58.0% |
| Intangible fixed assets | 21 | €632 | €448 | -€184 | -29.1% |
| Tangible fixed assets | 22/27 | €340,095 | €538,196 | +€198,101 | +58.2% |
| Land and buildings | 22 | €191,490 | €375,265 | +€183,775 | +96.0% |
| Plant, machinery and equipment | 23 | €69,692 | €91,955 | +€22,262 | +31.9% |
| Furniture and vehicles | 24 | €78,913 | €65,400 | -€13,514 | -17.1% |
| Other tangible fixed assets | 26 | - | €5,577 | +€5,577 | |
| Financial fixed assets | 28 | €362 | €336 | -€26 | -7.1% |
| Current assets | 29/58 | €190,212 | €258,397 | +€68,186 | +35.8% |
| Stocks and contracts in progress | 3 | €23,791 | €37,795 | +€14,003 | +58.9% |
| Stocks | 30/36 | €23,791 | €37,795 | +€14,003 | +58.9% |
| Amounts receivable within one year | 40/41 | €112,080 | €150,701 | +€38,621 | +34.5% |
| Trade receivables | 40 | €76,071 | €107,781 | +€31,710 | +41.7% |
| Other amounts receivable | 41 | €36,009 | €42,920 | +€6,911 | +19.2% |
| Cash at bank and in hand | 54/58 | €47,610 | €61,908 | +€14,297 | +30.0% |
| Deferred charges and accrued income | 490/1 | €6,730 | €7,994 | +€1,263 | +18.8% |
| Total equity and liabilities | 10/49 | €531,301 | €797,378 | +€266,077 | +50.1% |
| Equity | 10/15 | €166,715 | €265,729 | +€99,014 | +59.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €66,476 | €165,490 | +€99,014 | +149% |
| Distributable reserves | 133 | €66,476 | €165,490 | +€99,014 | +149% |
| Profit (loss) carried forward | 14 | €25,239 | €25,239 | = | 0.0% |
| Amounts payable | 17/49 | €364,586 | €531,649 | +€167,063 | +45.8% |
| Amounts payable after more than one year | 17 | €225,515 | €305,199 | +€79,685 | +35.3% |
| Financial debts | 170/4 | €225,515 | €305,199 | +€79,685 | +35.3% |
| Amounts payable within one year | 42/48 | €138,435 | €225,778 | +€87,342 | +63.1% |
| Current portion of amounts payable after more than one year | 42 | €50,269 | €69,688 | +€19,419 | +38.6% |
| Financial debts | 43 | €120 | - | -€120 | |
| Credit institutions | 430/8 | €120 | - | -€120 | |
| Trade debts | 44 | €44,474 | €61,203 | +€16,729 | +37.6% |
| Suppliers | 440/4 | €44,474 | €61,203 | +€16,729 | +37.6% |
| Advances received on contracts in progress | 46 | - | €2,156 | +€2,156 | |
| Taxes, remuneration and social security | 45 | €33,963 | €56,364 | +€22,401 | +66.0% |
| Taxes | 450/3 | €29,068 | €30,026 | +€958 | +3.3% |
| Remuneration and social security | 454/9 | €4,895 | €26,337 | +€21,443 | +438% |
| Other amounts payable | 47/48 | €9,610 | €36,367 | +€26,758 | +278% |
| Accrued charges and deferred income | 492/3 | €636 | €672 | +€36 | +5.7% |
| Non-recurring operating income | 76A | - | €107 | +€107 | |
| Remuneration, social security and pensions | 62 | €76,923 | €135,755 | +€58,832 | +76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,063 | €92,983 | +€37,920 | +68.9% |
| Other operating charges | 640/8 | €28,857 | €26,507 | -€2,350 | -8.1% |
| Gross operating margin | 9900 | €265,209 | €439,298 | +€174,089 | +65.6% |
| Operating profit (loss) | 9901 | €104,366 | €184,053 | +€79,687 | +76.4% |
| Financial income | 75/76B | €1,340 | €1,792 | +€452 | +33.8% |
| Recurring financial income | 75 | €1,340 | €1,792 | +€452 | +33.8% |
| Financial charges | 65/66B | €10,542 | €13,161 | +€2,619 | +24.8% |
| Recurring financial charges | 65 | €10,542 | €13,161 | +€2,619 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €95,164 | €172,684 | +€77,520 | +81.5% |
| Income taxes | 67/77 | €27,022 | €45,099 | +€18,077 | +66.9% |
| Profit (loss) for the period | 9904 | €68,142 | €127,585 | +€59,443 | +87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,142 | €127,585 | +€59,443 | +87.2% |
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 27 October 2026 via checked.be.