The Savage: 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.
The Savage
Largest movements
- Cash -€54,388
no longer reported in 2025 (was €54,388)
mainly Current investments (-€39,007) and Receivables within one year (-€25,069)
- Current investments +€39,007
new in 2025: €39,007
- Receivables within one year +€25,069
up €25,069 (+6,090%), from €412 to €25,481
- Tangible fixed assets -€12,597
down €12,597 (-42.2%), from €29,865 to €17,268
- Intangible fixed assets -€10,510
no longer reported in 2025 (was €10,510)
- Trade debts +€7,052
up €7,052 (+569%), from €1,239 to €8,291
- Current portion of long-term debt -€6,718
no longer reported in 2025 (was €6,718)
- Profit (loss) carried forward -€5,487
down €5,487 (-8.4%), from €65,124 to €59,637
- Tax, wage and social debts -€4,649
down €4,649 (-25.0%), from €18,600 to €13,951
of which Remuneration and social security: -€8,167
- Other debts -€4,177
no longer reported in 2025 (was €4,177)
- Gross operating margin +€13,312
up €13,312 (+8.8%), from €152,127 to €165,439
- Financial charges +€9,544
up €9,544 (+837%), from €1,141 to €10,685
- Depreciation -€3,952
down €3,952 (-14.6%), from €27,059 to €23,107
- Taxes +€3,000
up €3,000, from -€2,272 to €728
- Staff costs -€1,726
down €1,726 (-1.3%), from €135,175 to €133,449
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 | €100,858 | €86,879 | -€13,979 | -13.9% |
| Fixed assets | 21/28 | €40,375 | €17,268 | -€23,107 | -57.2% |
| Intangible fixed assets | 21 | €10,510 | - | -€10,510 | |
| Tangible fixed assets | 22/27 | €29,865 | €17,268 | -€12,597 | -42.2% |
| Plant, machinery and equipment | 23 | €13,271 | €7,305 | -€5,966 | -45.0% |
| Furniture and vehicles | 24 | €12,093 | €6,287 | -€5,806 | -48.0% |
| Other tangible fixed assets | 26 | €4,501 | €3,676 | -€824 | -18.3% |
| Current assets | 29/58 | €60,483 | €69,611 | +€9,128 | +15.1% |
| Stocks and contracts in progress | 3 | €5,683 | €5,123 | -€561 | -9.9% |
| Stocks | 30/36 | €5,683 | €5,123 | -€561 | -9.9% |
| Amounts receivable within one year | 40/41 | €412 | €25,481 | +€25,069 | +6,090% |
| Other amounts receivable | 41 | €412 | €25,481 | +€25,069 | +6,090% |
| Current investments | 50/53 | - | €39,007 | +€39,007 | |
| Cash at bank and in hand | 54/58 | €54,388 | - | -€54,388 | |
| Total equity and liabilities | 10/49 | €100,858 | €86,879 | -€13,979 | -13.9% |
| Equity | 10/15 | €70,124 | €64,637 | -€5,487 | -7.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,124 | €59,637 | -€5,487 | -8.4% |
| Amounts payable | 17/49 | €30,734 | €22,242 | -€8,492 | -27.6% |
| Amounts payable within one year | 42/48 | €30,734 | €22,242 | -€8,492 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €6,718 | - | -€6,718 | |
| Trade debts | 44 | €1,239 | €8,291 | +€7,052 | +569% |
| Suppliers | 440/4 | €1,239 | €8,291 | +€7,052 | +569% |
| Taxes, remuneration and social security | 45 | €18,600 | €13,951 | -€4,649 | -25.0% |
| Taxes | 450/3 | €921 | €4,439 | +€3,518 | +382% |
| Remuneration and social security | 454/9 | €17,679 | €9,512 | -€8,167 | -46.2% |
| Other amounts payable | 47/48 | €4,177 | - | -€4,177 | |
| Remuneration, social security and pensions | 62 | €135,175 | €133,449 | -€1,726 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,059 | €23,107 | -€3,952 | -14.6% |
| Other operating charges | 640/8 | €2,183 | €2,972 | +€789 | +36.1% |
| Gross operating margin | 9900 | €152,127 | €165,439 | +€13,312 | +8.8% |
| Operating profit (loss) | 9901 | -€12,290 | €5,912 | +€18,202 | |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €1,141 | €10,685 | +€9,544 | +837% |
| Recurring financial charges | 65 | €1,141 | €10,685 | +€9,544 | +837% |
| Profit (loss) for the period before taxes | 9903 | -€13,430 | -€4,759 | +€8,671 | +64.6% |
| Income taxes | 67/77 | -€2,272 | €728 | +€3,000 | |
| Profit (loss) for the period | 9904 | -€11,158 | -€5,487 | +€5,671 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,158 | -€5,487 | +€5,671 | +50.8% |
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 27 October 2026 via checked.be.