SavoCo: 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.
SavoCo
Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Tangible fixed assets -€12,323
down €12,323 (-21.1%), from €58,516 to €46,193
- Receivables within one year +€2,410
new in 2025: €2,410
- Cash -€2,359
down €2,359 (-2.5%), from €94,071 to €91,712
mainly Current investments (-€40,000) and Contributions, distributions and other (-€36,721)
- Other debts +€30,906
up €30,906 (+400.5%), from €7,717 to €38,624
- Tax, wage and social debts -€3,476
down €3,476 (-15.9%), from €21,850 to €18,374
- Gross operating margin +€10,091
up €10,091 (+20.0%), from €50,459 to €60,550
- Depreciation +€9,225
up €9,225 (+297.8%), from €3,098 to €12,323
- Taxes -€3,506
down €3,506 (-24.9%), from €14,096 to €10,590
- Financial income -€2,010
no longer reported in 2025 (was €2,010)
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 | €152,587 | €180,315 | +€27,729 | +18.2% |
| Fixed assets | 21/28 | €58,516 | €46,193 | -€12,323 | -21.1% |
| Tangible fixed assets | 22/27 | €58,516 | €46,193 | -€12,323 | -21.1% |
| Furniture and vehicles | 24 | €58,516 | €46,193 | -€12,323 | -21.1% |
| Current assets | 29/58 | €94,071 | €134,122 | +€40,051 | +42.6% |
| Amounts receivable within one year | 40/41 | - | €2,410 | +€2,410 | |
| Other amounts receivable | 41 | - | €2,410 | +€2,410 | |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €94,071 | €91,712 | -€2,359 | -2.5% |
| Total equity and liabilities | 10/49 | €152,587 | €180,315 | +€27,729 | +18.2% |
| Equity | 10/15 | €123,020 | €122,918 | -€101 | -0.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €117,918 | €117,918 | = | 0.0% |
| Distributable reserves | 133 | €117,918 | €117,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101 | - | -€101 | |
| Amounts payable | 17/49 | €29,567 | €57,397 | +€27,830 | +94.1% |
| Amounts payable within one year | 42/48 | €29,567 | €56,997 | +€27,430 | +92.8% |
| Taxes, remuneration and social security | 45 | €21,850 | €18,374 | -€3,476 | -15.9% |
| Taxes | 450/3 | €21,850 | €18,374 | -€3,476 | -15.9% |
| Other amounts payable | 47/48 | €7,717 | €38,624 | +€30,906 | +400.5% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,098 | €12,323 | +€9,225 | +297.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €50,459 | €60,550 | +€10,091 | +20.0% |
| Operating profit (loss) | 9901 | €46,974 | €47,828 | +€854 | +1.8% |
| Financial income | 75/76B | €2,010 | - | -€2,010 | |
| Recurring financial income | 75 | €2,010 | - | -€2,010 | |
| Financial charges | 65/66B | €851 | €618 | -€232 | -27.3% |
| Recurring financial charges | 65 | €851 | €618 | -€232 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €48,134 | €47,209 | -€924 | -1.9% |
| Income taxes | 67/77 | €14,096 | €10,590 | -€3,506 | -24.9% |
| Profit (loss) for the period | 9904 | €34,038 | €36,620 | +€2,582 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,038 | €36,620 | +€2,582 | +7.6% |
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 5 October 2026 via checked.be.