SAVANI GEMS: 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.
SAVANI GEMS
Largest movements
- Receivables within one year -€5.2m
down €5.2m (-61.2%), from €8.5m to €3.3m
of which Trade receivables: -€5.3m
- Stocks and contracts +€2.7m
up €2.7m (+44.4%), from €6.1m to €8.8m
- Trade debts -€5.0m
down €5.0m (-60.2%), from €8.3m to €3.3m
- Reserves +€2.0m
up €2.0m (+55.2%), from €3.7m to €5.7m
of which Distributable reserves: +€2.1m
- Other debts +€259,691
up €259,691 (+171%), from €151,491 to €411,182
- Debts after one year +€176,678
up €176,678 (+7.2%), from €2.4m to €2.6m
of which Other amounts payable: +€452,489
- Financial income +€708,707
up €708,707 (+42.7%), from €1.7m to €2.4m
- Gross operating margin +€100,729
up €100,729 (+5.2%), from €1.9m to €2.0m
- Financial charges -€54,413
down €54,413 (-2.3%), from €2.4m to €2.3m
- Taxes -€28,027
down €28,027 (-54.3%), from €51,623 to €23,596
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,080,136 | €13,609,991 | -€2.5m | -15.4% |
| Fixed assets | 21/28 | €969,105 | €976,311 | +€7,206 | +0.7% |
| Tangible fixed assets | 22/27 | €966,660 | €973,866 | +€7,206 | +0.7% |
| Land and buildings | 22 | €950,824 | €928,158 | -€22,667 | -2.4% |
| Plant, machinery and equipment | 23 | €998 | €34,510 | +€33,513 | +3,360% |
| Furniture and vehicles | 24 | €8,644 | €6,243 | -€2,401 | -27.8% |
| Other tangible fixed assets | 26 | €6,193 | €4,955 | -€1,239 | -20.0% |
| Financial fixed assets | 28 | €2,445 | €2,445 | = | 0.0% |
| Current assets | 29/58 | €15,111,031 | €12,633,680 | -€2.5m | -16.4% |
| Amounts receivable after more than one year | 29 | €500,940 | €493,127 | -€7,813 | -1.6% |
| Other amounts receivable | 291 | €500,940 | €493,127 | -€7,813 | -1.6% |
| Stocks and contracts in progress | 3 | €6,062,153 | €8,755,621 | +€2.7m | +44.4% |
| Stocks | 30/36 | €6,062,153 | €8,755,621 | +€2.7m | +44.4% |
| Amounts receivable within one year | 40/41 | €8,462,593 | €3,284,156 | -€5.2m | -61.2% |
| Trade receivables | 40 | €8,253,173 | €2,961,129 | -€5.3m | -64.1% |
| Other amounts receivable | 41 | €209,420 | €323,026 | +€113,607 | +54.2% |
| Cash at bank and in hand | 54/58 | €84,315 | €100,777 | +€16,462 | +19.5% |
| Deferred charges and accrued income | 490/1 | €1,030 | - | -€1,030 | |
| Total equity and liabilities | 10/49 | €16,080,136 | €13,609,991 | -€2.5m | -15.4% |
| Equity | 10/15 | €5,175,921 | €7,203,524 | +€2.0m | +39.2% |
| Contributions | 10/11 | €1,500,922 | €1,500,922 | = | 0.0% |
| Reserves | 13 | €3,674,999 | €5,702,602 | +€2.0m | +55.2% |
| Non-distributable reserves | 130/1 | €74,306 | - | -€74,306 | |
| Reserves not available under the articles | 1311 | €74,306 | - | -€74,306 | |
| Distributable reserves | 133 | €3,600,693 | €5,702,602 | +€2.1m | +58.4% |
| Amounts payable | 17/49 | €10,904,215 | €6,406,467 | -€4.5m | -41.2% |
| Amounts payable after more than one year | 17 | €2,447,757 | €2,624,434 | +€176,678 | +7.2% |
| Financial debts | 170/4 | €2,447,757 | €2,171,946 | -€275,811 | -11.3% |
| Other amounts payable | 178/9 | - | €452,489 | +€452,489 | |
| Amounts payable within one year | 42/48 | €8,456,375 | €3,782,032 | -€4.7m | -55.3% |
| Trade debts | 44 | €8,266,224 | €3,286,337 | -€5.0m | -60.2% |
| Suppliers | 440/4 | €8,266,224 | €3,286,337 | -€5.0m | -60.2% |
| Taxes, remuneration and social security | 45 | €38,660 | €84,514 | +€45,853 | +119% |
| Taxes | 450/3 | €32,060 | €56,704 | +€24,643 | +76.9% |
| Remuneration and social security | 454/9 | €6,600 | €27,810 | +€21,210 | +321% |
| Other amounts payable | 47/48 | €151,491 | €411,182 | +€259,691 | +171% |
| Accrued charges and deferred income | 492/3 | €83 | - | -€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,504 | €28,932 | +€2,428 | +9.2% |
| Other operating charges | 640/8 | €6,708 | €4,749 | -€1,959 | -29.2% |
| Gross operating margin | 9900 | €1,932,996 | €2,033,724 | +€100,729 | +5.2% |
| Operating profit (loss) | 9901 | €1,899,783 | €2,000,044 | +€100,260 | +5.3% |
| Financial income | 75/76B | €1,657,881 | €2,366,588 | +€708,707 | +42.7% |
| Recurring financial income | 75 | €1,657,881 | €2,366,588 | +€708,707 | +42.7% |
| Financial charges | 65/66B | €2,369,845 | €2,315,432 | -€54,413 | -2.3% |
| Recurring financial charges | 65 | €2,369,845 | €2,315,432 | -€54,413 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €1,187,819 | €2,051,199 | +€863,380 | +72.7% |
| Income taxes | 67/77 | €51,623 | €23,596 | -€28,027 | -54.3% |
| Profit (loss) for the period | 9904 | €1,136,196 | €2,027,603 | +€891,407 | +78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,136,196 | €2,027,603 | +€891,407 | +78.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.