DR SVM: what changed
Two fiscal 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.
DR SVM
Largest movements
- Receivables within one year +€100,038
up €100,038 (+34.3%), from €291,589 to €391,627
of which Other amounts receivable: +€95,856
- Intangible fixed assets -€56,250
down €56,250 (-37.5%), from €150,154 to €93,904
- Cash -€8,137
down €8,137 (-57.6%), from €14,121 to €5,984
mainly Receivables within one year (-€100,038) and Debts after one year (-€55,951)
- Profit (loss) carried forward +€78,316
up €78,316 (+32.2%), from €243,246 to €321,561
- Debts after one year -€55,951
down €55,951 (-45.7%), from €122,426 to €66,475
- Short-term financial debts +€26,380
new in 2025: €26,380
- Tax, wage and social debts -€8,501
down €8,501 (-40.5%), from €20,998 to €12,497
of which Taxes: -€8,725
- Gross operating margin +€17,562
up €17,562 (+12.1%), from €144,966 to €162,528
- Taxes +€3,776
up €3,776 (+18.2%), from €20,722 to €24,498
- Financial income +€3,409
up €3,409 (+22.4%), from €15,207 to €18,615
- Financial charges +€1,939
up €1,939 (+47.4%), from €4,088 to €6,028
- Other operating charges +€1,673
up €1,673 (+179.9%), from €930 to €2,603
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.
Cash bridge derived
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 | €474,722 | €515,519 | +€40,797 | +8.6% |
| Fixed assets | 21/28 | €152,946 | €97,368 | -€55,579 | -36.3% |
| Intangible fixed assets | 21 | €150,154 | €93,904 | -€56,250 | -37.5% |
| Tangible fixed assets | 22/27 | €2,419 | €3,090 | +€671 | +27.8% |
| Furniture and vehicles | 24 | €2,419 | €3,090 | +€671 | +27.8% |
| Financial fixed assets | 28 | €373 | €373 | = | 0.0% |
| Current assets | 29/58 | €321,776 | €418,151 | +€96,375 | +30.0% |
| Amounts receivable within one year | 40/41 | €291,589 | €391,627 | +€100,038 | +34.3% |
| Trade receivables | 40 | €5,315 | €9,497 | +€4,182 | +78.7% |
| Other amounts receivable | 41 | €286,274 | €382,130 | +€95,856 | +33.5% |
| Cash at bank and in hand | 54/58 | €14,121 | €5,984 | -€8,137 | -57.6% |
| Deferred charges and accrued income | 490/1 | €16,066 | €20,541 | +€4,475 | +27.9% |
| Total equity and liabilities | 10/49 | €474,722 | €515,519 | +€40,797 | +8.6% |
| Equity | 10/15 | €247,246 | €325,561 | +€78,316 | +31.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €243,246 | €321,561 | +€78,316 | +32.2% |
| Amounts payable | 17/49 | €227,477 | €189,957 | -€37,519 | -16.5% |
| Amounts payable after more than one year | 17 | €122,426 | €66,475 | -€55,951 | -45.7% |
| Financial debts | 170/4 | €122,426 | €66,475 | -€55,951 | -45.7% |
| Amounts payable within one year | 42/48 | €104,788 | €123,299 | +€18,511 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €79,563 | €80,571 | +€1,008 | +1.3% |
| Financial debts | 43 | - | €26,380 | +€26,380 | |
| Credit institutions | 430/8 | - | €26,380 | +€26,380 | |
| Trade debts | 44 | €4,227 | €3,850 | -€377 | -8.9% |
| Suppliers | 440/4 | €4,227 | €3,850 | -€377 | -8.9% |
| Taxes, remuneration and social security | 45 | €20,998 | €12,497 | -€8,501 | -40.5% |
| Taxes | 450/3 | €20,948 | €12,223 | -€8,725 | -41.7% |
| Remuneration and social security | 454/9 | €50 | €275 | +€225 | +446.9% |
| Accrued charges and deferred income | 492/3 | €263 | €184 | -€79 | -30.2% |
| Remuneration, social security and pensions | 62 | €9,222 | €9,744 | +€522 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,616 | €57,946 | -€670 | -1.1% |
| Other operating charges | 640/8 | €930 | €2,603 | +€1,673 | +179.9% |
| Non-recurring operating charges | 66A | - | €2,008 | +€2,008 | |
| Gross operating margin | 9900 | €144,966 | €162,528 | +€17,562 | +12.1% |
| Operating profit (loss) | 9901 | €76,198 | €90,227 | +€14,029 | +18.4% |
| Financial income | 75/76B | €15,207 | €18,615 | +€3,409 | +22.4% |
| Recurring financial income | 75 | €15,207 | €18,615 | +€3,409 | +22.4% |
| Financial charges | 65/66B | €4,088 | €6,028 | +€1,939 | +47.4% |
| Recurring financial charges | 65 | €4,088 | €6,028 | +€1,939 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | €87,316 | €102,814 | +€15,498 | +17.7% |
| Income taxes | 67/77 | €20,722 | €24,498 | +€3,776 | +18.2% |
| Profit (loss) for the period | 9904 | €66,594 | €78,316 | +€11,722 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €66,594 | €78,316 | +€11,722 | +17.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.