SAVOPAC: 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.
SAVOPAC
Largest movements
- Cash -€1,072
down €1,072 (-76.5%), from €1,402 to €330
mainly Net result for the year (-€5,210)
- Profit (loss) carried forward -€5,210
down €5,210 (-1.3%), from -€412,173 to -€417,384
- Other debts +€3,660
up €3,660 (+0.9%), from €416,097 to €419,757
- Staff costs -€1,122
no longer reported in 2025 (was €1,122)
- Financial charges -€1,120
down €1,120 (-85.0%), from €1,318 to €198
- Gross operating margin +€837
up €837 (+17.0%), from -€4,937 to -€4,100
- Financial income -€538
no longer reported in 2025 (was €538)
- Depreciation +€121
up €121 (+82.1%), from €147 to €268
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 | €36,276 | €34,899 | -€1,377 | -3.8% |
| Fixed assets | 21/28 | €657 | €389 | -€268 | -40.8% |
| Tangible fixed assets | 22/27 | €657 | €389 | -€268 | -40.8% |
| Furniture and vehicles | 24 | €657 | €389 | -€268 | -40.8% |
| Current assets | 29/58 | €35,619 | €34,510 | -€1,109 | -3.1% |
| Amounts receivable within one year | 40/41 | €34,217 | €34,180 | -€37 | -0.1% |
| Trade receivables | 40 | €34,002 | €34,002 | = | 0.0% |
| Other amounts receivable | 41 | €214 | €177 | -€37 | -17.2% |
| Cash at bank and in hand | 54/58 | €1,402 | €330 | -€1,072 | -76.5% |
| Total equity and liabilities | 10/49 | €36,276 | €34,899 | -€1,377 | -3.8% |
| Equity | 10/15 | -€379,821 | -€385,031 | -€5,210 | -1.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,352 | €2,352 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,352 | €2,352 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,352 | €2,352 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€412,173 | -€417,384 | -€5,210 | -1.3% |
| Amounts payable | 17/49 | €416,097 | €419,930 | +€3,834 | +0.9% |
| Amounts payable within one year | 42/48 | €416,097 | €419,930 | +€3,834 | +0.9% |
| Trade debts | 44 | - | €174 | +€174 | |
| Suppliers | 440/4 | - | €174 | +€174 | |
| Other amounts payable | 47/48 | €416,097 | €419,757 | +€3,660 | +0.9% |
| Remuneration, social security and pensions | 62 | €1,122 | - | -€1,122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147 | €268 | +€121 | +82.1% |
| Other operating charges | 640/8 | €632 | €644 | +€12 | +2.0% |
| Gross operating margin | 9900 | -€4,937 | -€4,100 | +€837 | +17.0% |
| Operating profit (loss) | 9901 | -€6,838 | -€5,013 | +€1,825 | +26.7% |
| Financial income | 75/76B | €538 | - | -€538 | |
| Recurring financial income | 75 | €538 | - | -€538 | |
| Financial charges | 65/66B | €1,318 | €198 | -€1,120 | -85.0% |
| Recurring financial charges | 65 | €1,318 | €198 | -€1,120 | -85.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,618 | -€5,210 | +€2,408 | +31.6% |
| Profit (loss) for the period | 9904 | -€7,618 | -€5,210 | +€2,408 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,618 | -€5,210 | +€2,408 | +31.6% |
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 17 October 2026 via checked.be.