SAVHYS: 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.
SAVHYS
Largest movements
- Receivables within one year +€12,430
up €12,430 (+63.4%), from €19,609 to €32,038
of which Other amounts receivable: +€20,113
- Tangible fixed assets -€6,434
down €6,434 (-14.8%), from €43,432 to €36,998
- Cash +€1,720
up €1,720 (+8.6%), from €20,043 to €21,763
mainly Net result for the year (+€34,317) and Depreciation (+€10,711)
- Reserves +€25,000
up €25,000 (+100.0%), from €25,000 to €50,000
- Other debts -€19,511
no longer reported in 2025 (was €19,511)
- Profit (loss) carried forward +€9,317
up €9,317 (+1290.2%), from €722 to €10,040
- Debts after one year -€9,098
down €9,098 (-40.1%), from €22,693 to €13,595
- Trade debts +€3,170
up €3,170 (+680.5%), from €466 to €3,636
- Gross operating margin +€14,661
up €14,661 (+34.5%), from €42,497 to €57,158
- Depreciation +€2,999
up €2,999 (+38.9%), from €7,712 to €10,711
- Taxes +€2,614
up €2,614 (+35.7%), from €7,331 to €9,945
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 | €86,394 | €94,308 | +€7,914 | +9.2% |
| Formation expenses | 20 | €249 | - | -€249 | |
| Fixed assets | 21/28 | €45,682 | €39,248 | -€6,434 | -14.1% |
| Tangible fixed assets | 22/27 | €43,432 | €36,998 | -€6,434 | -14.8% |
| Furniture and vehicles | 24 | €43,432 | €36,998 | -€6,434 | -14.8% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €40,463 | €55,059 | +€14,596 | +36.1% |
| Amounts receivable within one year | 40/41 | €19,609 | €32,038 | +€12,430 | +63.4% |
| Trade receivables | 40 | €16,940 | €9,257 | -€7,684 | -45.4% |
| Other amounts receivable | 41 | €2,669 | €22,782 | +€20,113 | +753.7% |
| Cash at bank and in hand | 54/58 | €20,043 | €21,763 | +€1,720 | +8.6% |
| Deferred charges and accrued income | 490/1 | €812 | €1,258 | +€446 | +55.0% |
| Total equity and liabilities | 10/49 | €86,394 | €94,308 | +€7,914 | +9.2% |
| Equity | 10/15 | €28,222 | €62,540 | +€34,317 | +121.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Distributable reserves | 133 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Profit (loss) carried forward | 14 | €722 | €10,040 | +€9,317 | +1290.2% |
| Amounts payable | 17/49 | €58,172 | €31,768 | -€26,404 | -45.4% |
| Amounts payable after more than one year | 17 | €22,693 | €13,595 | -€9,098 | -40.1% |
| Financial debts | 170/4 | €22,693 | €13,595 | -€9,098 | -40.1% |
| Amounts payable within one year | 42/48 | €35,480 | €18,174 | -€17,306 | -48.8% |
| Current portion of amounts payable after more than one year | 42 | €8,705 | €9,098 | +€392 | +4.5% |
| Trade debts | 44 | €466 | €3,636 | +€3,170 | +680.5% |
| Suppliers | 440/4 | €466 | €3,636 | +€3,170 | +680.5% |
| Taxes, remuneration and social security | 45 | €6,798 | €5,439 | -€1,358 | -20.0% |
| Taxes | 450/3 | €6,798 | €5,439 | -€1,358 | -20.0% |
| Other amounts payable | 47/48 | €19,511 | - | -€19,511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,712 | €10,711 | +€2,999 | +38.9% |
| Other operating charges | 640/8 | €250 | €614 | +€364 | +145.8% |
| Gross operating margin | 9900 | €42,497 | €57,158 | +€14,661 | +34.5% |
| Operating profit (loss) | 9901 | €34,535 | €45,834 | +€11,299 | +32.7% |
| Financial income | 75/76B | €2 | €14 | +€13 | +760.0% |
| Recurring financial income | 75 | €2 | €14 | +€13 | +760.0% |
| Financial charges | 65/66B | €1,483 | €1,585 | +€102 | +6.9% |
| Recurring financial charges | 65 | €1,483 | €1,585 | +€102 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €33,054 | €44,263 | +€11,209 | +33.9% |
| Income taxes | 67/77 | €7,331 | €9,945 | +€2,614 | +35.7% |
| Profit (loss) for the period | 9904 | €25,722 | €34,317 | +€8,595 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,722 | €34,317 | +€8,595 | +33.4% |
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 30 September 2026 via checked.be.