SAVC: 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.
SAVC
Largest movements
- Intangible fixed assets -€27,500
down €27,500 (-36.4%), from €75,625 to €48,125
- Cash +€24,696
up €24,696 (+15.4%), from €160,295 to €184,992
mainly Net result for the year (+€62,878) and Depreciation (+€49,990)
- Tangible fixed assets -€15,261
down €15,261 (-37.1%), from €41,079 to €25,819
of which Furniture and vehicles: -€14,981
- Receivables within one year +€7,178
up €7,178 (+55.0%), from €13,048 to €20,225
of which Other amounts receivable: +€4,423
- Other debts +€19,658
up €19,658 (+23.6%), from €83,407 to €103,065
- Trade debts -€12,238
down €12,238 (-51.2%), from €23,907 to €11,669
- Reserves -€12,000
down €12,000 (-7.8%), from €153,360 to €141,360
of which Distributable reserves: -€12,000
- Current portion of long-term debt -€6,356
down €6,356 (-40.2%), from €15,829 to €9,473
- Debts after one year -€6,078
down €6,078 (-59.8%), from €10,162 to €4,084
- Other operating charges -€14,438
down €14,438 (-84.7%), from €17,050 to €2,612
- Gross operating margin +€12,384
up €12,384 (+6.6%), from €187,554 to €199,938
- Staff costs +€8,914
up €8,914 (+15.2%), from €58,787 to €67,702
- Taxes +€4,154
up €4,154 (+31.9%), from €13,019 to €17,173
- Financial income +€3,388
up €3,388 (+95.9%), from €3,534 to €6,922
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.
Derived cash bridge
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 | €311,395 | €297,813 | -€13,582 | -4.4% |
| Fixed assets | 21/28 | €116,894 | €74,134 | -€42,761 | -36.6% |
| Intangible fixed assets | 21 | €75,625 | €48,125 | -€27,500 | -36.4% |
| Tangible fixed assets | 22/27 | €41,079 | €25,819 | -€15,261 | -37.1% |
| Plant, machinery and equipment | 23 | €978 | €698 | -€279 | -28.6% |
| Furniture and vehicles | 24 | €40,102 | €25,121 | -€14,981 | -37.4% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €194,500 | €223,679 | +€29,179 | +15.0% |
| Stocks and contracts in progress | 3 | €3,505 | €3,723 | +€218 | +6.2% |
| Stocks | 30/36 | €3,505 | €3,723 | +€218 | +6.2% |
| Amounts receivable within one year | 40/41 | €13,048 | €20,225 | +€7,178 | +55.0% |
| Trade receivables | 40 | €1,997 | €4,751 | +€2,754 | +138% |
| Other amounts receivable | 41 | €11,051 | €15,475 | +€4,423 | +40.0% |
| Current investments | 50/53 | €12,000 | €9,000 | -€3,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €160,295 | €184,992 | +€24,696 | +15.4% |
| Deferred charges and accrued income | 490/1 | €5,652 | €5,739 | +€87 | +1.5% |
| Total equity and liabilities | 10/49 | €311,395 | €297,813 | -€13,582 | -4.4% |
| Equity | 10/15 | €173,228 | €164,105 | -€9,122 | -5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,360 | €141,360 | -€12,000 | -7.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €151,500 | €139,500 | -€12,000 | -7.9% |
| Profit (loss) carried forward | 14 | €1,268 | €4,145 | +€2,878 | +227% |
| Amounts payable | 17/49 | €138,167 | €133,708 | -€4,459 | -3.2% |
| Amounts payable after more than one year | 17 | €10,162 | €4,084 | -€6,078 | -59.8% |
| Financial debts | 170/4 | €10,162 | €4,084 | -€6,078 | -59.8% |
| Amounts payable within one year | 42/48 | €127,374 | €128,992 | +€1,618 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €15,829 | €9,473 | -€6,356 | -40.2% |
| Trade debts | 44 | €23,907 | €11,669 | -€12,238 | -51.2% |
| Suppliers | 440/4 | €23,907 | €11,669 | -€12,238 | -51.2% |
| Taxes, remuneration and social security | 45 | €4,230 | €4,784 | +€554 | +13.1% |
| Taxes | 450/3 | €5 | €4 | -€1 | -19.6% |
| Remuneration and social security | 454/9 | €4,225 | €4,780 | +€555 | +13.1% |
| Other amounts payable | 47/48 | €83,407 | €103,065 | +€19,658 | +23.6% |
| Accrued charges and deferred income | 492/3 | €632 | €632 | +€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €58,787 | €67,702 | +€8,914 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,897 | €49,990 | -€906 | -1.8% |
| Other operating charges | 640/8 | €17,050 | €2,612 | -€14,438 | -84.7% |
| Non-recurring operating charges | 66A | €1,544 | €1,512 | -€31 | -2.0% |
| Gross operating margin | 9900 | €187,554 | €199,938 | +€12,384 | +6.6% |
| Operating profit (loss) | 9901 | €59,276 | €78,122 | +€18,845 | +31.8% |
| Financial income | 75/76B | €3,534 | €6,922 | +€3,388 | +95.9% |
| Recurring financial income | 75 | €3,534 | €6,922 | +€3,388 | +95.9% |
| Financial charges | 65/66B | €4,321 | €4,992 | +€671 | +15.5% |
| Recurring financial charges | 65 | €4,321 | €4,992 | +€671 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €58,489 | €80,051 | +€21,562 | +36.9% |
| Income taxes | 67/77 | €13,019 | €17,173 | +€4,154 | +31.9% |
| Profit (loss) for the period | 9904 | €45,470 | €62,878 | +€17,408 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,470 | €62,878 | +€17,408 | +38.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.