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
- Cash +€12,036
up €12,036 (+23.8%), from €50,653 to €62,689
mainly Other debts (+€21,931) and Net result for the year (+€21,200)
- Tangible fixed assets +€8,606
up €8,606 (+133.4%), from €6,453 to €15,059
of which Furniture and vehicles: +€4,770
- Receivables within one year -€2,115
down €2,115 (-22.0%), from €9,616 to €7,501
of which Trade receivables: -€3,812
- Stocks and contracts +€992
up €992 (+49.6%), from €2,000 to €2,992
- Other debts +€21,931
up €21,931 (+115.3%), from €19,027 to €40,958
- Trade debts -€20,274
down €20,274 (-96.8%), from €20,937 to €663
- Reserves +€17,867
up €17,867 (+99.1%), from €18,030 to €35,897
- Tax, wage and social debts -€1,543
down €1,543 (-21.3%), from €7,239 to €5,696
- Advances received +€1,500
up €1,500 (+50.0%), from €3,000 to €4,500
- Gross operating margin +€2,587
up €2,587 (+8.2%), from €31,556 to €34,143
- Other operating charges +€1,686
up €1,686 (+149.9%), from €1,125 to €2,811
- Depreciation +€923
up €923 (+28.0%), from €3,297 to €4,220
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 | €69,233 | €88,714 | +€19,481 | +28.1% |
| Fixed assets | 21/28 | €6,453 | €15,059 | +€8,606 | +133.4% |
| Tangible fixed assets | 22/27 | €6,453 | €15,059 | +€8,606 | +133.4% |
| Plant, machinery and equipment | 23 | €3,082 | €2,365 | -€718 | -23.3% |
| Furniture and vehicles | 24 | €3,371 | €8,140 | +€4,770 | +141.5% |
| Other tangible fixed assets | 26 | - | €4,554 | +€4,554 | |
| Current assets | 29/58 | €62,780 | €73,655 | +€10,875 | +17.3% |
| Stocks and contracts in progress | 3 | €2,000 | €2,992 | +€992 | +49.6% |
| Stocks | 30/36 | €2,000 | €2,992 | +€992 | +49.6% |
| Amounts receivable within one year | 40/41 | €9,616 | €7,501 | -€2,115 | -22.0% |
| Trade receivables | 40 | €9,589 | €5,778 | -€3,812 | -39.7% |
| Other amounts receivable | 41 | €27 | €1,723 | +€1,696 | +6350.5% |
| Cash at bank and in hand | 54/58 | €50,653 | €62,689 | +€12,036 | +23.8% |
| Deferred charges and accrued income | 490/1 | €511 | €473 | -€37 | -7.3% |
| Total equity and liabilities | 10/49 | €69,233 | €88,714 | +€19,481 | +28.1% |
| Equity | 10/15 | €19,030 | €36,897 | +€17,867 | +93.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €18,030 | €35,897 | +€17,867 | +99.1% |
| Distributable reserves | 133 | €18,030 | €35,897 | +€17,867 | +99.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,203 | €51,817 | +€1,614 | +3.2% |
| Amounts payable within one year | 42/48 | €50,203 | €51,817 | +€1,614 | +3.2% |
| Trade debts | 44 | €20,937 | €663 | -€20,274 | -96.8% |
| Suppliers | 440/4 | €20,937 | €663 | -€20,274 | -96.8% |
| Advances received on contracts in progress | 46 | €3,000 | €4,500 | +€1,500 | +50.0% |
| Taxes, remuneration and social security | 45 | €7,239 | €5,696 | -€1,543 | -21.3% |
| Taxes | 450/3 | €7,239 | €5,696 | -€1,543 | -21.3% |
| Other amounts payable | 47/48 | €19,027 | €40,958 | +€21,931 | +115.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,297 | €4,220 | +€923 | +28.0% |
| Other operating charges | 640/8 | €1,125 | €2,811 | +€1,686 | +149.9% |
| Gross operating margin | 9900 | €31,556 | €34,143 | +€2,587 | +8.2% |
| Operating profit (loss) | 9901 | €27,134 | €27,112 | -€22 | -0.1% |
| Financial income | 75/76B | €110 | €54 | -€56 | -50.6% |
| Recurring financial income | 75 | €110 | €54 | -€56 | -50.6% |
| Financial charges | 65/66B | €586 | €860 | +€274 | +46.8% |
| Recurring financial charges | 65 | €586 | €860 | +€274 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €26,658 | €26,307 | -€351 | -1.3% |
| Income taxes | 67/77 | €5,269 | €5,107 | -€162 | -3.1% |
| Profit (loss) for the period | 9904 | €21,389 | €21,200 | -€189 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,389 | €21,200 | -€189 | -0.9% |
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 1 October 2026 via checked.be.