S.V.A.: 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.
S.V.A.
Largest movements
- Cash -€15,121
down €15,121 (-67.5%), from €22,418 to €7,297
mainly Net result for the year (-€8,524) and Tax, wage and social debts (-€6,774)
- Receivables within one year -€3,675
down €3,675 (-2.8%), from €129,409 to €125,734
of which Other amounts receivable: -€8,650
- Profit (loss) carried forward -€8,524
down €8,524 (-194%), from -€4,400 to -€12,924
- Tax, wage and social debts -€6,774
down €6,774 (-77.6%), from €8,728 to €1,954
of which Taxes: -€7,049
- Debts after one year -€3,866
down €3,866 (-26.0%), from €14,864 to €10,998
- Purchases and services -€33,144
down €33,144 (-11.9%), from €279,523 to €246,379
- Gross operating margin +€19,244
up €19,244, from -€3,591 to €15,653
- Turnover -€13,900
down €13,900 (-5.0%), from €275,932 to €262,032
- Staff costs +€10,707
up €10,707 (+79.6%), from €13,449 to €24,156
- Taxes -€6,830
no longer reported in 2025 (was €6,830)
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 | €168,227 | €147,756 | -€20,471 | -12.2% |
| Fixed assets | 21/28 | €16,400 | €14,725 | -€1,675 | -10.2% |
| Tangible fixed assets | 22/27 | €16,063 | €14,388 | -€1,675 | -10.4% |
| Land and buildings | 22 | €14,700 | €13,927 | -€773 | -5.3% |
| Plant, machinery and equipment | 23 | €1,163 | €461 | -€702 | -60.4% |
| Furniture and vehicles | 24 | €200 | - | -€200 | |
| Financial fixed assets | 28 | €337 | €337 | = | 0.0% |
| Current assets | 29/58 | €151,827 | €133,031 | -€18,796 | -12.4% |
| Amounts receivable within one year | 40/41 | €129,409 | €125,734 | -€3,675 | -2.8% |
| Trade receivables | 40 | €32,680 | €37,655 | +€4,975 | +15.2% |
| Other amounts receivable | 41 | €96,729 | €88,079 | -€8,650 | -8.9% |
| Cash at bank and in hand | 54/58 | €22,418 | €7,297 | -€15,121 | -67.5% |
| Total equity and liabilities | 10/49 | €168,227 | €147,756 | -€20,471 | -12.2% |
| Equity | 10/15 | €97,889 | €89,365 | -€8,524 | -8.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €83,697 | €83,697 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €81,838 | €81,838 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,400 | -€12,924 | -€8,524 | -194% |
| Amounts payable | 17/49 | €70,338 | €58,391 | -€11,947 | -17.0% |
| Amounts payable after more than one year | 17 | €14,864 | €10,998 | -€3,866 | -26.0% |
| Financial debts | 170/4 | €14,864 | €10,998 | -€3,866 | -26.0% |
| Amounts payable within one year | 42/48 | €55,474 | €47,393 | -€8,081 | -14.6% |
| Financial debts | 43 | €3,665 | €3,866 | +€201 | +5.5% |
| Credit institutions | 430/8 | €3,665 | €3,866 | +€201 | +5.5% |
| Trade debts | 44 | €43,081 | €41,573 | -€1,508 | -3.5% |
| Suppliers | 440/4 | €43,081 | €41,573 | -€1,508 | -3.5% |
| Taxes, remuneration and social security | 45 | €8,728 | €1,954 | -€6,774 | -77.6% |
| Taxes | 450/3 | €8,728 | €1,679 | -€7,049 | -80.8% |
| Remuneration and social security | 454/9 | - | €275 | +€275 | |
| Turnover | 70 | €275,932 | €262,032 | -€13,900 | -5.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €279,523 | €246,379 | -€33,144 | -11.9% |
| Remuneration, social security and pensions | 62 | €13,449 | €24,156 | +€10,707 | +79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,589 | €1,675 | -€1,914 | -53.3% |
| Gross operating margin | 9900 | -€3,591 | €15,653 | +€19,244 | |
| Operating profit (loss) | 9901 | -€20,629 | -€10,178 | +€10,451 | +50.7% |
| Financial income | 75/76B | €2,138 | €6,383 | +€4,245 | +199% |
| Recurring financial income | 75 | €13 | €6,383 | +€6,370 | +49,000% |
| Non-recurring financial income | 76B | €2,125 | €6,383 | +€4,258 | +200% |
| Financial charges | 65/66B | €2,104 | €4,729 | +€2,625 | +125% |
| Recurring financial charges | 65 | €2,104 | €4,729 | +€2,625 | +125% |
| Profit (loss) for the period before taxes | 9903 | -€20,595 | -€8,524 | +€12,071 | +58.6% |
| Income taxes | 67/77 | €6,830 | - | -€6,830 | |
| Profit (loss) for the period | 9904 | -€27,425 | -€8,524 | +€18,901 | +68.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,425 | -€8,524 | +€18,901 | +68.9% |
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 15 October 2026 via checked.be.