SAVPRO: 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.
SAVPRO
Largest movements
- Cash -€106,764
down €106,764 (-90.5%), from €117,956 to €11,192
mainly Net result for the year (-€66,286) and Receivables within one year (-€49,943)
- Receivables within one year +€49,943
up €49,943 (+223.8%), from €22,315 to €72,258
of which Trade receivables: +€52,828
- Profit (loss) carried forward -€66,286
down €66,286 (-88.2%), from €75,144 to €8,859
- Trade debts +€49,241
up €49,241 (+277.0%), from €17,777 to €67,017
- Advances received -€36,650
no longer reported in 2024 (was €36,650)
- Tax, wage and social debts -€3,426
down €3,426 (-22.6%), from €15,136 to €11,710
of which Taxes: -€5,819
- Short-term financial debts -€2,753
no longer reported in 2024 (was €2,753)
- Gross operating margin -€138,729
down €138,729, from €121,652 to -€17,077
- Staff costs -€14,020
down €14,020 (-26.8%), from €52,405 to €38,384
- Taxes -€13,932
down €13,932 (-98.4%), from €14,153 to €221
- Other operating charges -€5,621
down €5,621 (-84.7%), from €6,637 to €1,016
- Depreciation +€3,549
up €3,549 (+93.6%), from €3,791 to €7,340
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €167,076 | €107,201 | -€59,874 | -35.8% |
| Fixed assets | 21/28 | €20,523 | €19,071 | -€1,452 | -7.1% |
| Tangible fixed assets | 22/27 | €20,048 | €18,596 | -€1,452 | -7.2% |
| Furniture and vehicles | 24 | €15,605 | €10,022 | -€5,583 | -35.8% |
| Other tangible fixed assets | 26 | €4,443 | €8,574 | +€4,131 | +93.0% |
| Financial fixed assets | 28 | €475 | €475 | = | 0.0% |
| Current assets | 29/58 | €146,553 | €88,131 | -€58,422 | -39.9% |
| Amounts receivable within one year | 40/41 | €22,315 | €72,258 | +€49,943 | +223.8% |
| Trade receivables | 40 | - | €52,828 | +€52,828 | |
| Other amounts receivable | 41 | €22,315 | €19,430 | -€2,885 | -12.9% |
| Cash at bank and in hand | 54/58 | €117,956 | €11,192 | -€106,764 | -90.5% |
| Deferred charges and accrued income | 490/1 | €6,282 | €4,681 | -€1,601 | -25.5% |
| Total equity and liabilities | 10/49 | €167,076 | €107,201 | -€59,874 | -35.8% |
| Equity | 10/15 | €94,760 | €28,474 | -€66,286 | -70.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,015 | €1,015 | = | 0.0% |
| Distributable reserves | 133 | €1,015 | €1,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,144 | €8,859 | -€66,286 | -88.2% |
| Amounts payable | 17/49 | €72,316 | €78,727 | +€6,412 | +8.9% |
| Amounts payable within one year | 42/48 | €72,316 | €78,727 | +€6,412 | +8.9% |
| Financial debts | 43 | €2,753 | - | -€2,753 | |
| Credit institutions | 430/8 | €2,753 | - | -€2,753 | |
| Trade debts | 44 | €17,777 | €67,017 | +€49,241 | +277.0% |
| Suppliers | 440/4 | €17,777 | €67,017 | +€49,241 | +277.0% |
| Advances received on contracts in progress | 46 | €36,650 | - | -€36,650 | |
| Taxes, remuneration and social security | 45 | €15,136 | €11,710 | -€3,426 | -22.6% |
| Taxes | 450/3 | €5,819 | - | -€5,819 | |
| Remuneration and social security | 454/9 | €9,318 | €11,710 | +€2,393 | +25.7% |
| Remuneration, social security and pensions | 62 | €52,405 | €38,384 | -€14,020 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,791 | €7,340 | +€3,549 | +93.6% |
| Other operating charges | 640/8 | €6,637 | €1,016 | -€5,621 | -84.7% |
| Gross operating margin | 9900 | €121,652 | -€17,077 | -€138,729 | |
| Operating profit (loss) | 9901 | €58,819 | -€63,818 | -€122,636 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €2,544 | €2,247 | -€297 | -11.7% |
| Recurring financial charges | 65 | €2,544 | €2,247 | -€297 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €56,278 | -€66,065 | -€122,343 | |
| Income taxes | 67/77 | €14,153 | €221 | -€13,932 | -98.4% |
| Profit (loss) for the period | 9904 | €42,125 | -€66,286 | -€108,410 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,125 | -€66,286 | -€108,410 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.