SAVOY: what changed
What changed
SAVOY
NACE 56.301, Cafés and bars
filed annual accounts (NBB)
Net result for the year
€156,674
2024 · €192,728-€36,055
Equity
€465,595
2024 · €421,875+€43,719
Cash
€253,515
2024 · €360,075-€106,560
Balance sheet total
€1.3m
2024 · €1.2m+€50,049
Largest movements
Assets
- Receivables after one year +€293,695
up €293,695 (+126%), from €233,277 to €526,971
- Tangible fixed assets -€118,942
down €118,942 (-21.0%), from €565,998 to €447,056
- Cash -€106,560
down €106,560 (-29.6%), from €360,075 to €253,515
mainly Receivables after one year (-€293,695) and Contributions, distributions and other (-€112,954)
Equity and liabilities
- Profit (loss) carried forward +€69,174
up €69,174 (+25.7%), from €268,719 to €337,892
- Debts after one year -€31,385
down €31,385 (-29.3%), from €106,950 to €75,565
- Current portion of long-term debt +€29,796
up €29,796 (+96.6%), from €30,844 to €60,639
- Investment grants -€25,454
down €25,454 (-33.3%), from €76,363 to €50,908
- Tax, wage and social debts +€18,223
up €18,223 (+6.1%), from €297,782 to €316,005
of which Taxes: +€32,831
Income statement
- Gross operating margin -€33,961
down €33,961 (-1.9%), from €1.7m to €1.7m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€192,728
Gross operating margin
-€33,961
Staff costs
-€2,425
Depreciation
-€2,710
Other operating charges
-€3,406
Financial income
-€6,296
Financial charges
-€3,797
Taxes
+€16,542
Result 2025
€156,674
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€35,734
Investment
-€27,750
Financing
-€114,544
Cash 2024
€360,075
From operations (derived)
+€35,734
Net result for the year
+€156,674
Depreciation
+€147,274
Receivables after one year
-€293,695
Stocks and contracts
+€12,462
Receivables within one year
+€7,486
Deferred charges and accrued income
-€2,386
Trade debts
-€1,534
Tax, wage and social debts
+€18,223
Advances received
-€881
Other debts
-€4,902
Accrued charges and deferred income
-€2,986
Investment (derived)
-€27,750
Investment in fixed assets (net)
-€27,750
Financing
-€114,544
Debts after one year
-€31,385
Current portion of long-term debt
+€29,796
Contributions, distributions and other
-€112,954
Cash 2025
€253,515
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,227,062 | €1,277,111 | +€50,049 | +4.1% |
| Fixed assets | 21/28 | €567,593 | €448,070 | -€119,524 | -21.1% |
| Intangible fixed assets | 21 | €1,596 | €1,014 | -€582 | -36.5% |
| Tangible fixed assets | 22/27 | €565,998 | €447,056 | -€118,942 | -21.0% |
| Other tangible fixed assets | 26 | €565,998 | €447,056 | -€118,942 | -21.0% |
| Current assets | 29/58 | €659,468 | €829,041 | +€169,573 | +25.7% |
| Amounts receivable after more than one year | 29 | €233,277 | €526,971 | +€293,695 | +126% |
| Trade receivables | 290 | €233,277 | €526,971 | +€293,695 | +126% |
| Stocks and contracts in progress | 3 | €42,207 | €29,745 | -€12,462 | -29.5% |
| Stocks | 30/36 | €42,207 | €29,745 | -€12,462 | -29.5% |
| Amounts receivable within one year | 40/41 | €16,514 | €9,028 | -€7,486 | -45.3% |
| Trade receivables | 40 | €16,514 | €9,028 | -€7,486 | -45.3% |
| Cash at bank and in hand | 54/58 | €360,075 | €253,515 | -€106,560 | -29.6% |
| Deferred charges and accrued income | 490/1 | €7,396 | €9,782 | +€2,386 | +32.3% |
| Total equity and liabilities | 10/49 | €1,227,062 | €1,277,111 | +€50,049 | +4.1% |
| Equity | 10/15 | €421,875 | €465,595 | +€43,719 | +10.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €45,807 | €45,807 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,734 | €39,734 | = | 0.0% |
| Distributable reserves | 133 | €6,073 | €6,073 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,719 | €337,892 | +€69,174 | +25.7% |
| Investment grants | 15 | €76,363 | €50,908 | -€25,454 | -33.3% |
| Amounts payable | 17/49 | €805,186 | €811,516 | +€6,330 | +0.8% |
| Amounts payable after more than one year | 17 | €106,950 | €75,565 | -€31,385 | -29.3% |
| Financial debts | 170/4 | €106,950 | €75,565 | -€31,385 | -29.3% |
| Amounts payable within one year | 42/48 | €691,150 | €731,851 | +€40,701 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €30,844 | €60,639 | +€29,796 | +96.6% |
| Trade debts | 44 | €214,554 | €213,020 | -€1,534 | -0.7% |
| Suppliers | 440/4 | €214,554 | €213,020 | -€1,534 | -0.7% |
| Advances received on contracts in progress | 46 | €881 | - | -€881 | |
| Taxes, remuneration and social security | 45 | €297,782 | €316,005 | +€18,223 | +6.1% |
| Taxes | 450/3 | €56,663 | €89,494 | +€32,831 | +57.9% |
| Remuneration and social security | 454/9 | €241,120 | €226,511 | -€14,609 | -6.1% |
| Other amounts payable | 47/48 | €147,088 | €142,186 | -€4,902 | -3.3% |
| Accrued charges and deferred income | 492/3 | €7,086 | €4,100 | -€2,986 | -42.1% |
| Remuneration, social security and pensions | 62 | €1,362,475 | €1,364,900 | +€2,425 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,563 | €147,274 | +€2,710 | +1.9% |
| Other operating charges | 640/8 | €3,057 | €6,464 | +€3,406 | +111% |
| Gross operating margin | 9900 | €1,744,949 | €1,710,987 | -€33,961 | -1.9% |
| Operating profit (loss) | 9901 | €234,853 | €192,350 | -€42,503 | -18.1% |
| Financial income | 75/76B | €33,138 | €26,841 | -€6,296 | -19.0% |
| Recurring financial income | 75 | €33,138 | €26,841 | -€6,296 | -19.0% |
| Financial charges | 65/66B | €7,805 | €11,602 | +€3,797 | +48.7% |
| Recurring financial charges | 65 | €7,805 | €11,602 | +€3,797 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €260,186 | €207,590 | -€52,596 | -20.2% |
| Income taxes | 67/77 | €67,458 | €50,916 | -€16,542 | -24.5% |
| Profit (loss) for the period | 9904 | €192,728 | €156,674 | -€36,055 | -18.7% |
| Transfer to tax-exempt reserves | 689 | €39,734 | - | -€39,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €152,994 | €156,674 | +€3,679 | +2.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.