SAVAS: 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.
SAVAS
Largest movements
- Tangible fixed assets +€13,372
up €13,372 (+514.9%), from €2,597 to €15,969
- Receivables within one year -€13,047
down €13,047 (-53.8%), from €24,233 to €11,186
of which Trade receivables: -€22,070
- Stocks and contracts +€3,000
new in 2025: €3,000
- Formation expenses -€416
down €416 (-46.2%), from €902 to €485
- Advances received +€2,187
new in 2025: €2,187
- Profit (loss) carried forward +€2,167
up €2,167 (+51.2%), from €4,233 to €6,400
- Trade debts -€1,335
down €1,335 (-44.5%), from €3,000 to €1,665
- Turnover +€148,289
new in 2025: €148,289
- Purchases and services +€144,404
new in 2025: €144,404
- Gross operating margin -€7,811
down €7,811 (-66.8%), from €11,697 to €3,886
- Depreciation -€2,902
down €2,902 (-77.4%), from €3,748 to €846
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 | €28,476 | €31,042 | +€2,566 | +9.0% |
| Formation expenses | 20 | €902 | €485 | -€416 | -46.2% |
| Fixed assets | 21/28 | €2,777 | €15,969 | +€13,192 | +475.1% |
| Tangible fixed assets | 22/27 | €2,597 | €15,969 | +€13,372 | +514.9% |
| Furniture and vehicles | 24 | €2,597 | €15,969 | +€13,372 | +514.9% |
| Financial fixed assets | 28 | €180 | - | -€180 | |
| Current assets | 29/58 | €24,798 | €14,588 | -€10,210 | -41.2% |
| Stocks and contracts in progress | 3 | - | €3,000 | +€3,000 | |
| Stocks | 30/36 | - | €3,000 | +€3,000 | |
| Amounts receivable within one year | 40/41 | €24,233 | €11,186 | -€13,047 | -53.8% |
| Trade receivables | 40 | €24,133 | €2,063 | -€22,070 | -91.5% |
| Other amounts receivable | 41 | €100 | €9,123 | +€9,023 | +9022.9% |
| Cash at bank and in hand | 54/58 | €565 | €402 | -€163 | -28.9% |
| Total equity and liabilities | 10/49 | €28,476 | €31,042 | +€2,566 | +9.0% |
| Equity | 10/15 | €25,023 | €27,190 | +€2,167 | +8.7% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Capital | 10 | €18,900 | - | -€18,900 | |
| Issued capital | 100 | €18,900 | - | -€18,900 | |
| Reserves | 13 | €1,890 | €1,890 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,890 | €1,890 | = | 0.0% |
| Legal reserve | 130 | €1,890 | - | -€1,890 | |
| Reserves not available under the articles | 1311 | - | €1,890 | +€1,890 | |
| Profit (loss) carried forward | 14 | €4,233 | €6,400 | +€2,167 | +51.2% |
| Amounts payable | 17/49 | €3,453 | €3,852 | +€399 | +11.5% |
| Amounts payable within one year | 42/48 | €3,453 | €3,852 | +€399 | +11.5% |
| Financial debts | 43 | €256 | - | -€256 | |
| Credit institutions | 430/8 | €256 | - | -€256 | |
| Trade debts | 44 | €3,000 | €1,665 | -€1,335 | -44.5% |
| Suppliers | 440/4 | €3,000 | €1,665 | -€1,335 | -44.5% |
| Advances received on contracts in progress | 46 | - | €2,187 | +€2,187 | |
| Taxes, remuneration and social security | 45 | €197 | - | -€197 | |
| Taxes | 450/3 | €197 | - | -€197 | |
| Turnover | 70 | - | €148,289 | +€148,289 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €144,404 | +€144,404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,748 | €846 | -€2,902 | -77.4% |
| Other operating charges | 640/8 | €610 | €399 | -€211 | -34.6% |
| Non-recurring operating charges | 66A | €5,714 | - | -€5,714 | |
| Gross operating margin | 9900 | €11,697 | €3,886 | -€7,811 | -66.8% |
| Operating profit (loss) | 9901 | €1,625 | €2,641 | +€1,016 | +62.5% |
| Financial income | 75/76B | - | €312 | +€312 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Non-recurring financial income | 76B | - | €296 | +€296 | |
| Financial charges | 65/66B | €532 | €785 | +€253 | +47.4% |
| Recurring financial charges | 65 | €532 | €286 | -€247 | -46.3% |
| Non-recurring financial charges | 66B | - | €499 | +€499 | |
| Profit (loss) for the period before taxes | 9903 | €1,092 | €2,167 | +€1,075 | +98.5% |
| Profit (loss) for the period | 9904 | €1,092 | €2,167 | +€1,075 | +98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,092 | €2,167 | +€1,075 | +98.5% |
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.