SAVO: 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.
SAVO
Largest movements
- Cash -€26,933
down €26,933 (-78.5%), from €34,325 to €7,391
mainly Other debts (-€42,384) and Contributions, distributions and other (-€16,029)
- Tangible fixed assets -€8,070
down €8,070 (-14.9%), from €54,301 to €46,231
of which Furniture and vehicles: -€4,204
- Deferred charges and accrued income +€4,235
up €4,235 (+97.0%), from €4,368 to €8,603
- Receivables within one year -€2,174
down €2,174 (-52.0%), from €4,183 to €2,009
of which Other amounts receivable: -€1,749
- Other debts -€42,384
down €42,384 (-49.8%), from €85,142 to €42,759
- Profit (loss) carried forward +€11,469
up €11,469, from -€11,469 to €0
- Tax, wage and social debts -€4,721
down €4,721 (-62.4%), from €7,571 to €2,850
- Trade debts +€3,067
up €3,067 (+29.0%), from €10,560 to €13,626
- Gross operating margin +€29,220
up €29,220 (+104.3%), from €28,011 to €57,231
- Other operating charges -€7,452
down €7,452 (-66.0%), from €11,290 to €3,839
- Financial charges -€5,010
down €5,010 (-49.8%), from €10,070 to €5,060
- Taxes +€2,165
up €2,165 (+20.2%), from €10,741 to €12,905
- Depreciation +€691
up €691 (+9.4%), from €7,379 to €8,070
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,177 | €64,235 | -€32,942 | -33.9% |
| Fixed assets | 21/28 | €54,301 | €46,231 | -€8,070 | -14.9% |
| Tangible fixed assets | 22/27 | €54,301 | €46,231 | -€8,070 | -14.9% |
| Furniture and vehicles | 24 | €12,580 | €8,376 | -€4,204 | -33.4% |
| Other tangible fixed assets | 26 | €41,721 | €37,855 | -€3,866 | -9.3% |
| Current assets | 29/58 | €42,876 | €18,004 | -€24,872 | -58.0% |
| Amounts receivable within one year | 40/41 | €4,183 | €2,009 | -€2,174 | -52.0% |
| Trade receivables | 40 | €1,407 | €982 | -€425 | -30.2% |
| Other amounts receivable | 41 | €2,776 | €1,027 | -€1,749 | -63.0% |
| Cash at bank and in hand | 54/58 | €34,325 | €7,391 | -€26,933 | -78.5% |
| Deferred charges and accrued income | 490/1 | €4,368 | €8,603 | +€4,235 | +97.0% |
| Total equity and liabilities | 10/49 | €97,177 | €64,235 | -€32,942 | -33.9% |
| Equity | 10/15 | -€6,469 | €5,000 | +€11,469 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€11,469 | €0 | +€11,469 | |
| Amounts payable | 17/49 | €103,646 | €59,235 | -€44,411 | -42.8% |
| Amounts payable within one year | 42/48 | €103,273 | €59,235 | -€44,038 | -42.6% |
| Trade debts | 44 | €10,560 | €13,626 | +€3,067 | +29.0% |
| Suppliers | 440/4 | €10,560 | €13,626 | +€3,067 | +29.0% |
| Taxes, remuneration and social security | 45 | €7,571 | €2,850 | -€4,721 | -62.4% |
| Taxes | 450/3 | €7,571 | €2,850 | -€4,721 | -62.4% |
| Other amounts payable | 47/48 | €85,142 | €42,759 | -€42,384 | -49.8% |
| Accrued charges and deferred income | 492/3 | €373 | €0 | -€373 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,379 | €8,070 | +€691 | +9.4% |
| Other operating charges | 640/8 | €11,290 | €3,839 | -€7,452 | -66.0% |
| Gross operating margin | 9900 | €28,011 | €57,231 | +€29,220 | +104.3% |
| Operating profit (loss) | 9901 | €9,341 | €45,322 | +€35,981 | +385.2% |
| Financial income | 75/76B | €1 | €140 | +€139 | +13917.0% |
| Recurring financial income | 75 | €1 | €140 | +€139 | +13917.0% |
| Financial charges | 65/66B | €10,070 | €5,060 | -€5,010 | -49.8% |
| Recurring financial charges | 65 | €10,070 | €5,060 | -€5,010 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | -€728 | €40,402 | +€41,130 | |
| Income taxes | 67/77 | €10,741 | €12,905 | +€2,165 | +20.2% |
| Profit (loss) for the period | 9904 | -€11,469 | €27,497 | +€38,966 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,469 | €27,497 | +€38,966 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.