SAVANNAH: 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.
What changed
SAVANNAH
NACE 73.200, Market research and public opinion polling
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€28,755
2024 · -€70,107+€41,353
Equity
€415,190
2024 · €443,945-€28,755
Cash
€84,078
2024 · €79,680+€4,398
Balance sheet total
€713,238
2024 · €760,765-€47,528
Largest movements
Assets
- Tangible fixed assets -€38,965
down €38,965 (-5.9%), from €656,582 to €617,617
of which Land and buildings: -€24,076
- Receivables within one year -€14,924
down €14,924 (-65.1%), from €22,921 to €7,997
of which Trade receivables: -€10,721
Equity and liabilities
- Profit (loss) carried forward -€28,755
down €28,755 (-11.7%), from -€245,414 to -€274,169
- Other debts -€16,883
down €16,883 (-91.5%), from €18,454 to €1,571
Income statement
- Gross operating margin +€40,880
up €40,880, from -€14,792 to €26,088
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.
Result 2024
-€70,107
Gross operating margin
+€40,880
Depreciation
-€197
Other operating charges
+€236
Other operating items
+€635
Financial income
-€5
Financial charges
-€119
Taxes
-€78
Result 2025
-€28,755
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.
From operations
+€6,009
Investment
€0
Financing
-€1,611
Cash 2024
€79,680
From operations (derived)
+€6,009
Net result for the year
-€28,755
Depreciation
+€38,965
Receivables within one year
+€14,924
Deferred charges and accrued income
-€1,963
Trade debts
+€3,275
Tax, wage and social debts
-€3,555
Other debts
-€16,883
Financing
-€1,611
Short-term financial debts
-€1,611
Cash 2025
€84,078
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €760,765 | €713,238 | -€47,528 | -6.2% |
| Fixed assets | 21/28 | €657,332 | €618,367 | -€38,965 | -5.9% |
| Tangible fixed assets | 22/27 | €656,582 | €617,617 | -€38,965 | -5.9% |
| Land and buildings | 22 | €625,973 | €601,897 | -€24,076 | -3.8% |
| Plant, machinery and equipment | 23 | €3,360 | €2,586 | -€773 | -23.0% |
| Furniture and vehicles | 24 | €27,250 | €13,134 | -€14,116 | -51.8% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €103,433 | €94,870 | -€8,563 | -8.3% |
| Amounts receivable within one year | 40/41 | €22,921 | €7,997 | -€14,924 | -65.1% |
| Trade receivables | 40 | €16,391 | €5,670 | -€10,721 | -65.4% |
| Other amounts receivable | 41 | €6,530 | €2,327 | -€4,203 | -64.4% |
| Cash at bank and in hand | 54/58 | €79,680 | €84,078 | +€4,398 | +5.5% |
| Deferred charges and accrued income | 490/1 | €832 | €2,795 | +€1,963 | +235.9% |
| Total equity and liabilities | 10/49 | €760,765 | €713,238 | -€47,528 | -6.2% |
| Equity | 10/15 | €443,945 | €415,190 | -€28,755 | -6.5% |
| 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 | €627,359 | €627,359 | = | 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 | €621,159 | €621,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€245,414 | -€274,169 | -€28,755 | -11.7% |
| Amounts payable | 17/49 | €316,820 | €298,047 | -€18,773 | -5.9% |
| Amounts payable after more than one year | 17 | €280,000 | €280,000 | = | 0.0% |
| Financial debts | 170/4 | €280,000 | €280,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,452 | €6,679 | -€18,773 | -73.8% |
| Financial debts | 43 | €1,624 | €13 | -€1,611 | -99.2% |
| Credit institutions | 430/8 | €1,624 | €13 | -€1,611 | -99.2% |
| Trade debts | 44 | €1,432 | €4,708 | +€3,275 | +228.7% |
| Suppliers | 440/4 | €1,432 | €4,708 | +€3,275 | +228.7% |
| Taxes, remuneration and social security | 45 | €3,941 | €387 | -€3,555 | -90.2% |
| Taxes | 450/3 | €3,941 | €387 | -€3,555 | -90.2% |
| Other amounts payable | 47/48 | €18,454 | €1,571 | -€16,883 | -91.5% |
| Accrued charges and deferred income | 492/3 | €11,368 | €11,368 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,768 | €38,965 | +€197 | +0.5% |
| Other operating charges | 640/8 | €4,086 | €3,850 | -€236 | -5.8% |
| Non-recurring operating charges | 66A | €635 | €0 | -€635 | -100.0% |
| Gross operating margin | 9900 | -€14,792 | €26,088 | +€40,880 | |
| Operating profit (loss) | 9901 | -€58,282 | -€16,727 | +€41,555 | +71.3% |
| Financial income | 75/76B | €6 | €1 | -€5 | -86.3% |
| Recurring financial income | 75 | €6 | €1 | -€5 | -86.3% |
| Financial charges | 65/66B | €11,615 | €11,734 | +€119 | +1.0% |
| Recurring financial charges | 65 | €11,615 | €11,734 | +€119 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | -€69,891 | -€28,461 | +€41,430 | +59.3% |
| Income taxes | 67/77 | €216 | €294 | +€78 | +36.0% |
| Profit (loss) for the period | 9904 | -€70,107 | -€28,755 | +€41,353 | +59.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,107 | -€28,755 | +€41,353 | +59.0% |
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 6 October 2026 via checked.be.