SAVEUR BLANC-BLEU: 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.
SAVEUR BLANC-BLEU
Largest movements
- Cash +€134,908
up €134,908 (+629%), from €21,461 to €156,369
mainly Net result for the year (+€76,656) and Tax, wage and social debts (+€62,288)
- Receivables within one year +€35,987
up €35,987 (+407%), from €8,851 to €44,839
of which Trade receivables: +€33,810
- Tangible fixed assets +€28,214
up €28,214 (+55.9%), from €50,447 to €78,661
of which Leasing and similar rights: +€27,960
- Reserves +€76,600
up €76,600 (+765%), from €10,020 to €86,620
of which Distributable reserves: +€76,600
- Tax, wage and social debts +€62,288
up €62,288 (+250%), from €24,884 to €87,172
of which Taxes: +€55,554
- Trade debts +€30,803
up €30,803 (+261%), from €11,823 to €42,626
- Debts after one year +€21,320
new in 2025: €21,320
- Current portion of long-term debt +€6,465
new in 2025: €6,465
- Gross operating margin +€185,646
up €185,646 (+189%), from €98,288 to €283,934
- Staff costs +€44,110
up €44,110 (+52.9%), from €83,341 to €127,450
- Taxes +€36,757
new in 2025: €36,757
- Other operating charges +€8,109
up €8,109 (+210%), from €3,854 to €11,963
- Depreciation +€8,088
up €8,088 (+54.5%), from €14,830 to €22,918
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 | €94,656 | €293,285 | +€198,629 | +210% |
| Fixed assets | 21/28 | €51,647 | €79,861 | +€28,214 | +54.6% |
| Tangible fixed assets | 22/27 | €50,447 | €78,661 | +€28,214 | +55.9% |
| Plant, machinery and equipment | 23 | €30,564 | €32,004 | +€1,440 | +4.7% |
| Furniture and vehicles | 24 | €12,090 | €13,043 | +€954 | +7.9% |
| Leasing and similar rights | 25 | - | €27,960 | +€27,960 | |
| Other tangible fixed assets | 26 | €7,794 | €5,654 | -€2,139 | -27.4% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €43,009 | €213,424 | +€170,415 | +396% |
| Stocks and contracts in progress | 3 | €10,600 | €9,287 | -€1,313 | -12.4% |
| Stocks | 30/36 | €10,600 | €9,287 | -€1,313 | -12.4% |
| Amounts receivable within one year | 40/41 | €8,851 | €44,839 | +€35,987 | +407% |
| Trade receivables | 40 | €3,568 | €37,377 | +€33,810 | +948% |
| Other amounts receivable | 41 | €5,284 | €7,461 | +€2,177 | +41.2% |
| Cash at bank and in hand | 54/58 | €21,461 | €156,369 | +€134,908 | +629% |
| Deferred charges and accrued income | 490/1 | €2,097 | €2,929 | +€832 | +39.7% |
| Total equity and liabilities | 10/49 | €94,656 | €293,285 | +€198,629 | +210% |
| Equity | 10/15 | €50,529 | €127,185 | +€76,656 | +152% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,020 | €86,620 | +€76,600 | +765% |
| Tax-exempt reserves | 132 | €8,160 | €8,160 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €78,460 | +€76,600 | +4,118% |
| Profit (loss) carried forward | 14 | €21,909 | €21,965 | +€56 | +0.3% |
| Amounts payable | 17/49 | €44,127 | €166,100 | +€121,973 | +276% |
| Amounts payable after more than one year | 17 | - | €21,320 | +€21,320 | |
| Financial debts | 170/4 | - | €21,320 | +€21,320 | |
| Amounts payable within one year | 42/48 | €44,127 | €144,780 | +€100,653 | +228% |
| Current portion of amounts payable after more than one year | 42 | - | €6,465 | +€6,465 | |
| Financial debts | 43 | - | €415 | +€415 | |
| Credit institutions | 430/8 | - | €415 | +€415 | |
| Trade debts | 44 | €11,823 | €42,626 | +€30,803 | +261% |
| Suppliers | 440/4 | €11,823 | €42,626 | +€30,803 | +261% |
| Taxes, remuneration and social security | 45 | €24,884 | €87,172 | +€62,288 | +250% |
| Taxes | 450/3 | €5,619 | €61,173 | +€55,554 | +989% |
| Remuneration and social security | 454/9 | €19,265 | €25,999 | +€6,734 | +35.0% |
| Other amounts payable | 47/48 | €7,420 | €8,102 | +€682 | +9.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €83,341 | €127,450 | +€44,110 | +52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,830 | €22,918 | +€8,088 | +54.5% |
| Other operating charges | 640/8 | €3,854 | €11,963 | +€8,109 | +210% |
| Gross operating margin | 9900 | €98,288 | €283,934 | +€185,646 | +189% |
| Operating profit (loss) | 9901 | -€3,736 | €121,603 | +€125,339 | |
| Financial income | 75/76B | €1 | €124 | +€123 | +14,487% |
| Recurring financial income | 75 | €1 | €124 | +€123 | +14,487% |
| Financial charges | 65/66B | €7,152 | €8,313 | +€1,161 | +16.2% |
| Recurring financial charges | 65 | €7,152 | €8,313 | +€1,161 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,888 | €113,414 | +€124,301 | |
| Income taxes | 67/77 | - | €36,757 | +€36,757 | |
| Profit (loss) for the period | 9904 | -€10,888 | €76,656 | +€87,544 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,888 | €76,656 | +€87,544 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.