SAVOR: 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.
SAVOR
Largest movements
- Cash -€93,539
down €93,539 (-80.0%), from €116,866 to €23,327
mainly Net result for the year (-€91,082) and Trade debts (-€7,560)
- Current investments -€8,975
down €8,975 (-20.0%), from €44,884 to €35,909
- Deferred charges and accrued income +€6,429
up €6,429 (+159%), from €4,054 to €10,483
- Tangible fixed assets -€5,677
down €5,677 (-45.9%), from €12,358 to €6,680
- Reserves -€58,029
down €58,029 (-26.9%), from €215,375 to €157,346
- Profit (loss) carried forward -€33,053
new in 2025: -€33,053
- Trade debts -€7,560
down €7,560 (-70.9%), from €10,661 to €3,100
- Tax, wage and social debts -€5,876
no longer reported in 2025 (was €5,876)
- Gross operating margin -€117,533
down €117,533, from €24,290 to -€93,243
- Taxes -€7,577
down €7,577 (-97.1%), from €7,804 to €228
- Financial income +€6,561
up €6,561 (+346%), from €1,895 to €8,457
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 | €252,731 | €149,713 | -€103,018 | -40.8% |
| Fixed assets | 21/28 | €12,690 | €6,690 | -€5,999 | -47.3% |
| Intangible fixed assets | 21 | €308 | €10 | -€298 | -96.7% |
| Tangible fixed assets | 22/27 | €12,358 | €6,680 | -€5,677 | -45.9% |
| Plant, machinery and equipment | 23 | €3,896 | €2,051 | -€1,845 | -47.4% |
| Furniture and vehicles | 24 | €3,197 | €1,802 | -€1,395 | -43.6% |
| Other tangible fixed assets | 26 | €5,265 | €2,828 | -€2,437 | -46.3% |
| Financial fixed assets | 28 | €24 | - | -€24 | |
| Current assets | 29/58 | €240,041 | €143,023 | -€97,019 | -40.4% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,237 | €38,304 | -€933 | -2.4% |
| Trade receivables | 40 | €17,794 | - | -€17,794 | |
| Other amounts receivable | 41 | €21,443 | €38,304 | +€16,861 | +78.6% |
| Current investments | 50/53 | €44,884 | €35,909 | -€8,975 | -20.0% |
| Cash at bank and in hand | 54/58 | €116,866 | €23,327 | -€93,539 | -80.0% |
| Deferred charges and accrued income | 490/1 | €4,054 | €10,483 | +€6,429 | +159% |
| Total equity and liabilities | 10/49 | €252,731 | €149,713 | -€103,018 | -40.8% |
| Equity | 10/15 | €233,975 | €142,893 | -€91,082 | -38.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,375 | €157,346 | -€58,029 | -26.9% |
| Distributable reserves | 133 | €215,375 | €157,346 | -€58,029 | -26.9% |
| Profit (loss) carried forward | 14 | - | -€33,053 | -€33,053 | |
| Amounts payable | 17/49 | €18,756 | €6,820 | -€11,936 | -63.6% |
| Amounts payable within one year | 42/48 | €16,537 | €3,100 | -€13,436 | -81.3% |
| Trade debts | 44 | €10,661 | €3,100 | -€7,560 | -70.9% |
| Suppliers | 440/4 | €10,661 | €3,100 | -€7,560 | -70.9% |
| Taxes, remuneration and social security | 45 | €5,876 | - | -€5,876 | |
| Taxes | 450/3 | €5,876 | - | -€5,876 | |
| Accrued charges and deferred income | 492/3 | €2,219 | €3,720 | +€1,500 | +67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,736 | €5,975 | +€239 | +4.2% |
| Gross operating margin | 9900 | €24,290 | -€93,243 | -€117,533 | |
| Operating profit (loss) | 9901 | €18,553 | -€99,218 | -€117,771 | |
| Financial income | 75/76B | €1,895 | €8,457 | +€6,561 | +346% |
| Recurring financial income | 75 | €1,895 | €8,457 | +€6,561 | +346% |
| Financial charges | 65/66B | €81 | €93 | +€12 | +14.8% |
| Recurring financial charges | 65 | €81 | €93 | +€12 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €20,368 | -€90,854 | -€111,222 | |
| Income taxes | 67/77 | €7,804 | €228 | -€7,577 | -97.1% |
| Profit (loss) for the period | 9904 | €12,564 | -€91,082 | -€103,645 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,564 | -€91,082 | -€103,645 |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.