SAVO GROUP: 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.
SAVO GROUP
Largest movements
- Stocks and contracts +€1.9m
new in 2025: €1.9m
- Cash +€39,700
up €39,700 (+140%), from €28,420 to €68,120
mainly Short-term financial debts (+€1.2m) and Debts after one year (+€832,980)
- Receivables within one year +€22,083
up €22,083 (+174%), from €12,680 to €34,763
of which Other amounts receivable: +€30,830
- Short-term financial debts +€1.2m
new in 2025: €1.2m
- Debts after one year +€832,980
up €832,980, from €0 to €832,980
of which Financial debts: +€826,000
- Gross operating margin -€182,333
down €182,333 (-100.0%), from €182,341 to €8
- Financial charges +€5,517
up €5,517 (+2,941%), from €188 to €5,705
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 | €50,201 | €2,014,662 | +€2.0m | +3,913% |
| Fixed assets | 21/28 | €9,052 | €1,499 | -€7,552 | -83.4% |
| Tangible fixed assets | 22/27 | €9,052 | €1,499 | -€7,552 | -83.4% |
| Furniture and vehicles | 24 | €9,052 | €1,499 | -€7,552 | -83.4% |
| Current assets | 29/58 | €41,149 | €2,013,162 | +€2.0m | +4,792% |
| Stocks and contracts in progress | 3 | - | €1,910,205 | +€1.9m | |
| Stocks | 30/36 | - | €1,910,205 | +€1.9m | |
| Amounts receivable within one year | 40/41 | €12,680 | €34,763 | +€22,083 | +174% |
| Trade receivables | 40 | €11,472 | €2,725 | -€8,747 | -76.2% |
| Other amounts receivable | 41 | €1,208 | €32,038 | +€30,830 | +2,553% |
| Cash at bank and in hand | 54/58 | €28,420 | €68,120 | +€39,700 | +140% |
| Deferred charges and accrued income | 490/1 | €50 | €75 | +€25 | +51.1% |
| Total equity and liabilities | 10/49 | €50,201 | €2,014,662 | +€2.0m | +3,913% |
| Equity | 10/15 | €17,511 | €3,743 | -€13,768 | -78.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,489 | -€16,258 | -€13,768 | -553% |
| Amounts payable | 17/49 | €32,690 | €2,010,919 | +€2.0m | +6,051% |
| Amounts payable after more than one year | 17 | €0 | €832,980 | +€832,980 | |
| Financial debts | 170/4 | €0 | €826,000 | +€826,000 | |
| Other amounts payable | 178/9 | - | €6,980 | +€6,980 | |
| Amounts payable within one year | 42/48 | €10,221 | €1,168,970 | +€1.2m | +11,337% |
| Financial debts | 43 | - | €1,168,000 | +€1.2m | |
| Credit institutions | 430/8 | - | €1,168,000 | +€1.2m | |
| Trade debts | 44 | €10,103 | €970 | -€9,132 | -90.4% |
| Suppliers | 440/4 | €10,103 | €970 | -€9,132 | -90.4% |
| Taxes, remuneration and social security | 45 | €119 | €0 | -€119 | -100% |
| Taxes | 450/3 | €119 | €0 | -€119 | -100% |
| Accrued charges and deferred income | 492/3 | €22,469 | €8,969 | -€13,500 | -60.1% |
| Non-recurring operating income | 76A | €172,500 | €0 | -€172,500 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,082 | €7,552 | +€470 | +6.6% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €182,341 | €8 | -€182,333 | -100.0% |
| Operating profit (loss) | 9901 | €174,754 | -€8,063 | -€182,817 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €188 | €5,705 | +€5,517 | +2,941% |
| Recurring financial charges | 65 | €188 | €5,705 | +€5,517 | +2,941% |
| Profit (loss) for the period before taxes | 9903 | €174,567 | -€13,768 | -€188,335 | |
| Profit (loss) for the period | 9904 | €174,567 | -€13,768 | -€188,335 | |
| Profit (loss) for the period to be appropriated | 9905 | €174,567 | -€13,768 | -€188,335 |
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.