SAVASON: 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.
What changed
SAVASON
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€6,519
2024 · -€5,336-€1,183
Equity
€524,106
2024 · €500,799+€23,307
Cash
€310,272
2024 · €271,699+€38,573
Balance sheet total
€1.5m
2024 · €1.5m-€4,282
Largest movements
Assets
- Tangible fixed assets -€44,529
down €44,529 (-3.9%), from €1.1m to €1.1m
of which Land and buildings: -€44,023
- Cash +€38,573
up €38,573 (+14.2%), from €271,699 to €310,272
mainly Depreciation (+€90,278) and Contributions, distributions and other (+€29,826)
Equity and liabilities
- Revaluation surpluses +€29,826
new in 2025: €29,826
- Accrued charges and deferred income +€20,726
up €20,726 (+92.7%), from €22,364 to €43,090
- Trade debts -€20,027
down €20,027 (-79.8%), from €25,088 to €5,061
Income statement
- Financial charges +€17,198
up €17,198 (+329.9%), from €5,213 to €22,411
- Gross operating margin +€9,846
up €9,846 (+6.9%), from €141,921 to €151,767
- Depreciation -€7,521
down €7,521 (-7.7%), from €97,799 to €90,278
- Taxes +€2,288
new in 2025: €2,288
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
-€5,336
Gross operating margin
+€9,846
Depreciation
+€7,521
Other operating charges
-€1,166
Other operating items
+€4,554
Financial income
+€303
Financial charges
-€17,198
Taxes
-€2,288
Deferred taxes and other
-€2,755
Result 2025
-€6,519
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
+€68,798
Investment
-€45,749
Financing
+€15,525
Cash 2024
€271,699
From operations (derived)
+€68,798
Net result for the year
-€6,519
Depreciation
+€90,278
Receivables within one year
-€531
Deferred charges and accrued income
-€1,142
Provisions
-€4,964
Trade debts
-€20,027
Tax, wage and social debts
+€1,446
Other debts
-€10,468
Accrued charges and deferred income
+€20,726
Investment (derived)
-€45,749
Investment in fixed assets (net)
-€45,749
Financing
+€15,525
Debts after one year
-€14,361
Current portion of long-term debt
+€60
Contributions, distributions and other
+€29,826
Cash 2025
€310,272
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,532,449 | €1,528,167 | -€4,282 | -0.3% |
| Fixed assets | 21/28 | €1,135,418 | €1,090,889 | -€44,529 | -3.9% |
| Tangible fixed assets | 22/27 | €1,135,418 | €1,090,889 | -€44,529 | -3.9% |
| Land and buildings | 22 | €1,068,908 | €1,024,885 | -€44,023 | -4.1% |
| Other tangible fixed assets | 26 | €66,509 | €66,004 | -€505 | -0.8% |
| Current assets | 29/58 | €397,032 | €437,278 | +€40,247 | +10.1% |
| Amounts receivable within one year | 40/41 | €3,519 | €4,050 | +€531 | +15.1% |
| Other amounts receivable | 41 | €3,519 | €4,050 | +€531 | +15.1% |
| Current investments | 50/53 | €108,118 | €108,118 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €271,699 | €310,272 | +€38,573 | +14.2% |
| Deferred charges and accrued income | 490/1 | €13,697 | €14,839 | +€1,142 | +8.3% |
| Total equity and liabilities | 10/49 | €1,532,449 | €1,528,167 | -€4,282 | -0.3% |
| Equity | 10/15 | €500,799 | €524,106 | +€23,307 | +4.7% |
| Contributions | 10/11 | €285,078 | €285,078 | = | 0.0% |
| Capital | 10 | €285,078 | €285,078 | = | 0.0% |
| Issued capital | 100 | €285,078 | €285,078 | = | 0.0% |
| Revaluation surpluses | 12 | - | €29,826 | +€29,826 | |
| Reserves | 13 | €215,721 | €209,202 | -€6,519 | -3.0% |
| Non-distributable reserves | 130/1 | €28,508 | €28,508 | = | 0.0% |
| Legal reserve | 130 | €28,508 | €28,508 | = | 0.0% |
| Tax-exempt reserves | 132 | €153,253 | €138,359 | -€14,893 | -9.7% |
| Distributable reserves | 133 | €33,961 | €42,335 | +€8,374 | +24.7% |
| Provisions and deferred taxes | 16 | €51,084 | €46,120 | -€4,964 | -9.7% |
| Deferred taxes | 168 | €51,084 | €46,120 | -€4,964 | -9.7% |
| Amounts payable | 17/49 | €980,566 | €957,942 | -€22,625 | -2.3% |
| Amounts payable after more than one year | 17 | €611,217 | €596,856 | -€14,361 | -2.3% |
| Financial debts | 170/4 | €611,217 | €596,856 | -€14,361 | -2.3% |
| Amounts payable within one year | 42/48 | €346,985 | €317,996 | -€28,989 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €14,301 | €14,361 | +€60 | +0.4% |
| Trade debts | 44 | €25,088 | €5,061 | -€20,027 | -79.8% |
| Suppliers | 440/4 | €25,088 | €5,061 | -€20,027 | -79.8% |
| Taxes, remuneration and social security | 45 | €3,232 | €4,678 | +€1,446 | +44.8% |
| Taxes | 450/3 | €3,232 | €4,678 | +€1,446 | +44.8% |
| Other amounts payable | 47/48 | €304,364 | €293,896 | -€10,468 | -3.4% |
| Accrued charges and deferred income | 492/3 | €22,364 | €43,090 | +€20,726 | +92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,799 | €90,278 | -€7,521 | -7.7% |
| Other operating charges | 640/8 | €49,912 | €51,078 | +€1,166 | +2.3% |
| Non-recurring operating charges | 66A | €4,554 | - | -€4,554 | |
| Gross operating margin | 9900 | €141,921 | €151,767 | +€9,846 | +6.9% |
| Operating profit (loss) | 9901 | -€10,344 | €10,411 | +€20,755 | |
| Financial income | 75/76B | €2,501 | €2,804 | +€303 | +12.1% |
| Recurring financial income | 75 | €2,501 | €2,804 | +€303 | +12.1% |
| Financial charges | 65/66B | €5,213 | €22,411 | +€17,198 | +329.9% |
| Recurring financial charges | 65 | €5,213 | €22,411 | +€17,198 | +329.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,056 | -€9,196 | +€3,860 | +29.6% |
| Transfer from deferred taxes | 780 | €7,720 | €4,964 | -€2,755 | -35.7% |
| Income taxes | 67/77 | - | €2,288 | +€2,288 | |
| Profit (loss) for the period | 9904 | -€5,336 | -€6,519 | -€1,183 | -22.2% |
| Transfer from tax-exempt reserves | 789 | €23,159 | €14,893 | -€8,266 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,823 | €8,374 | -€9,448 | -53.0% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.