SAVANNA: 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.
SAVANNA
Largest movements
- Stocks and contracts +€16,693
up €16,693 (+17.0%), from €98,393 to €115,085
- Cash +€11,556
up €11,556 (+14.6%), from €79,155 to €90,711
mainly Net result for the year (+€17,704) and Debts after one year (+€15,508)
- Tangible fixed assets +€10,570
up €10,570 (+151.4%), from €6,981 to €17,551
of which Land and buildings: +€6,717
- Receivables within one year +€8,921
up €8,921 (+34.0%), from €26,217 to €35,138
of which Other amounts receivable: +€7,667
- Intangible fixed assets -€2,920
down €2,920 (-29.3%), from €9,966 to €7,047
- Reserves +€17,704
up €17,704 (+17.2%), from €103,074 to €120,778
of which Distributable reserves: +€17,704
- Debts after one year +€15,508
new in 2025: €15,508
- Short-term financial debts +€13,328
up €13,328 (+89.1%), from €14,956 to €28,284
- Tax, wage and social debts -€8,479
down €8,479 (-44.5%), from €19,066 to €10,588
- Trade debts +€3,439
up €3,439 (+21.0%), from €16,369 to €19,808
- Gross operating margin +€39,293
up €39,293 (+413.6%), from €9,501 to €48,794
- Taxes +€5,509
up €5,509 (+1055.0%), from €522 to €6,031
- Financial income +€1,502
up €1,502 (+99.9%), from €1,504 to €3,006
- Depreciation +€1,237
up €1,237 (+18.8%), from €6,582 to €7,819
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.
Cash bridge derived
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 | €223,622 | €268,872 | +€45,251 | +20.2% |
| Fixed assets | 21/28 | €17,165 | €24,815 | +€7,650 | +44.6% |
| Intangible fixed assets | 21 | €9,966 | €7,047 | -€2,920 | -29.3% |
| Tangible fixed assets | 22/27 | €6,981 | €17,551 | +€10,570 | +151.4% |
| Land and buildings | 22 | €4,568 | €11,285 | +€6,717 | +147.1% |
| Plant, machinery and equipment | 23 | €2,413 | €6,266 | +€3,852 | +159.6% |
| Financial fixed assets | 28 | €218 | €218 | = | 0.0% |
| Current assets | 29/58 | €206,457 | €244,058 | +€37,601 | +18.2% |
| Stocks and contracts in progress | 3 | €98,393 | €115,085 | +€16,693 | +17.0% |
| Stocks | 30/36 | €98,393 | €115,085 | +€16,693 | +17.0% |
| Amounts receivable within one year | 40/41 | €26,217 | €35,138 | +€8,921 | +34.0% |
| Trade receivables | 40 | €764 | €2,018 | +€1,254 | +164.2% |
| Other amounts receivable | 41 | €25,454 | €33,120 | +€7,667 | +30.1% |
| Cash at bank and in hand | 54/58 | €79,155 | €90,711 | +€11,556 | +14.6% |
| Deferred charges and accrued income | 490/1 | €2,692 | €3,123 | +€431 | +16.0% |
| Total equity and liabilities | 10/49 | €223,622 | €268,872 | +€45,251 | +20.2% |
| Equity | 10/15 | €165,069 | €182,773 | +€17,704 | +10.7% |
| Contributions | 10/11 | €61,995 | €61,995 | = | 0.0% |
| Capital | 10 | €61,995 | €61,995 | = | 0.0% |
| Issued capital | 100 | €61,995 | €61,995 | = | 0.0% |
| Reserves | 13 | €103,074 | €120,778 | +€17,704 | +17.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €96,874 | €114,578 | +€17,704 | +18.3% |
| Amounts payable | 17/49 | €58,553 | €86,099 | +€27,547 | +47.0% |
| Amounts payable after more than one year | 17 | - | €15,508 | +€15,508 | |
| Financial debts | 170/4 | - | €15,508 | +€15,508 | |
| Amounts payable within one year | 42/48 | €58,553 | €68,782 | +€10,230 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €1,907 | €4,149 | +€2,241 | +117.5% |
| Financial debts | 43 | €14,956 | €28,284 | +€13,328 | +89.1% |
| Credit institutions | 430/8 | €14,956 | €28,284 | +€13,328 | +89.1% |
| Trade debts | 44 | €16,369 | €19,808 | +€3,439 | +21.0% |
| Suppliers | 440/4 | €16,369 | €19,808 | +€3,439 | +21.0% |
| Taxes, remuneration and social security | 45 | €19,066 | €10,588 | -€8,479 | -44.5% |
| Taxes | 450/3 | €19,066 | €10,588 | -€8,479 | -44.5% |
| Other amounts payable | 47/48 | €6,254 | €5,954 | -€300 | -4.8% |
| Accrued charges and deferred income | 492/3 | - | €1,809 | +€1,809 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,582 | €7,819 | +€1,237 | +18.8% |
| Other operating charges | 640/8 | €400 | €404 | +€4 | +1.0% |
| Gross operating margin | 9900 | €9,501 | €48,794 | +€39,293 | +413.6% |
| Operating profit (loss) | 9901 | €2,519 | €40,571 | +€38,052 | +1510.7% |
| Financial income | 75/76B | €1,504 | €3,006 | +€1,502 | +99.9% |
| Recurring financial income | 75 | €1,504 | €3,006 | +€1,502 | +99.9% |
| Financial charges | 65/66B | €19,826 | €19,843 | +€17 | +0.1% |
| Recurring financial charges | 65 | €19,826 | €19,843 | +€17 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,803 | €23,735 | +€39,538 | |
| Income taxes | 67/77 | €522 | €6,031 | +€5,509 | +1055.0% |
| Profit (loss) for the period | 9904 | -€16,325 | €17,704 | +€34,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,325 | €17,704 | +€34,029 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.