SAVI: 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.
SAVI
Largest movements
- Current investments -€122,119
down €122,119 (-63.6%), from €192,119 to €70,000
- Cash +€75,497
up €75,497 (+115.7%), from €65,261 to €140,758
mainly Current investments (+€122,119) and Receivables within one year (+€14,885)
- Receivables within one year -€14,885
down €14,885 (-30.1%), from €49,520 to €34,635
of which Trade receivables: -€16,940
- Trade debts -€57,975
down €57,975 (-96.1%), from €60,336 to €2,361
- Gross operating margin -€26,318
down €26,318 (-85.5%), from €30,782 to €4,464
- Taxes -€8,549
down €8,549 (-100.0%), from €8,549 to €0
- Other operating charges +€7,302
up €7,302 (+279.5%), from €2,613 to €9,914
- Financial charges -€3,341
down €3,341 (-52.8%), from €6,326 to €2,984
- Depreciation +€440
up €440 (+16.6%), from €2,649 to €3,090
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 | €711,220 | €652,089 | -€59,131 | -8.3% |
| Fixed assets | 21/28 | €400,193 | €402,569 | +€2,376 | +0.6% |
| Tangible fixed assets | 22/27 | €400,193 | €402,569 | +€2,376 | +0.6% |
| Land and buildings | 22 | €3,406 | €3,027 | -€378 | -11.1% |
| Plant, machinery and equipment | 23 | €5,275 | €3,004 | -€2,271 | -43.1% |
| Furniture and vehicles | 24 | - | €5,026 | +€5,026 | |
| Other tangible fixed assets | 26 | €391,512 | €391,512 | = | 0.0% |
| Current assets | 29/58 | €311,027 | €249,519 | -€61,507 | -19.8% |
| Stocks and contracts in progress | 3 | €4,126 | €4,126 | = | 0.0% |
| Stocks | 30/36 | €4,126 | €4,126 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,520 | €34,635 | -€14,885 | -30.1% |
| Trade receivables | 40 | €38,720 | €21,780 | -€16,940 | -43.8% |
| Other amounts receivable | 41 | €10,800 | €12,855 | +€2,055 | +19.0% |
| Current investments | 50/53 | €192,119 | €70,000 | -€122,119 | -63.6% |
| Cash at bank and in hand | 54/58 | €65,261 | €140,758 | +€75,497 | +115.7% |
| Total equity and liabilities | 10/49 | €711,220 | €652,089 | -€59,131 | -8.3% |
| Equity | 10/15 | €615,445 | €612,244 | -€3,201 | -0.5% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €491,499 | €488,298 | -€3,201 | -0.7% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €479,104 | €475,903 | -€3,201 | -0.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €95,774 | €39,844 | -€55,930 | -58.4% |
| Amounts payable within one year | 42/48 | €95,774 | €39,844 | -€55,930 | -58.4% |
| Trade debts | 44 | €60,336 | €2,361 | -€57,975 | -96.1% |
| Suppliers | 440/4 | €60,336 | €2,361 | -€57,975 | -96.1% |
| Taxes, remuneration and social security | 45 | €1,737 | €1,683 | -€53 | -3.1% |
| Taxes | 450/3 | €1,737 | €1,683 | -€53 | -3.1% |
| Other amounts payable | 47/48 | €33,701 | €35,800 | +€2,099 | +6.2% |
| Non-recurring operating income | 76A | €41,140 | €4,041 | -€37,099 | -90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,649 | €3,090 | +€440 | +16.6% |
| Other operating charges | 640/8 | €2,613 | €9,914 | +€7,302 | +279.5% |
| Non-recurring operating charges | 66A | €621 | €0 | -€621 | -100.0% |
| Gross operating margin | 9900 | €30,782 | €4,464 | -€26,318 | -85.5% |
| Operating profit (loss) | 9901 | €24,899 | -€8,540 | -€33,439 | |
| Financial income | 75/76B | €8,192 | €8,323 | +€131 | +1.6% |
| Recurring financial income | 75 | €8,192 | €8,323 | +€131 | +1.6% |
| Financial charges | 65/66B | €6,326 | €2,984 | -€3,341 | -52.8% |
| Recurring financial charges | 65 | €6,326 | €2,984 | -€3,341 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €26,766 | -€3,201 | -€29,967 | |
| Income taxes | 67/77 | €8,549 | €0 | -€8,549 | -100.0% |
| Profit (loss) for the period | 9904 | €18,217 | -€3,201 | -€21,417 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,217 | -€3,201 | -€21,417 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.