S&V CLASSICS: 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 CLASSICS
Largest movements
- Receivables within one year +€77,598
up €77,598 (+452.6%), from €17,145 to €94,743
- Stocks and contracts -€69,039
down €69,039 (-21.2%), from €325,610 to €256,570
- Debts after one year -€25,000
down €25,000 (-25.0%), from €100,000 to €75,000
- Short-term financial debts +€24,784
new in 2025: €24,784
- Profit (loss) carried forward +€4,519
up €4,519 (+7.2%), from -€62,991 to -€58,471
- Gross operating margin +€12,749
up €12,749, from -€6,405 to €6,345
- Financial income +€2,227
up €2,227 (+310.6%), from €717 to €2,944
- Financial charges -€1,751
down €1,751 (-29.5%), from €5,931 to €4,180
- Other operating charges -€73
down €73 (-11.0%), from €662 to €589
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 | €342,932 | €351,314 | +€8,382 | +2.4% |
| Current assets | 29/58 | €342,932 | €351,314 | +€8,382 | +2.4% |
| Stocks and contracts in progress | 3 | €325,610 | €256,570 | -€69,039 | -21.2% |
| Stocks | 30/36 | €325,610 | €256,570 | -€69,039 | -21.2% |
| Amounts receivable within one year | 40/41 | €17,145 | €94,743 | +€77,598 | +452.6% |
| Other amounts receivable | 41 | €17,145 | €94,743 | +€77,598 | +452.6% |
| Cash at bank and in hand | 54/58 | €107 | €1 | -€106 | -99.3% |
| Deferred charges and accrued income | 490/1 | €70 | €0 | -€70 | -100.0% |
| Total equity and liabilities | 10/49 | €342,932 | €351,314 | +€8,382 | +2.4% |
| Equity | 10/15 | -€54,931 | -€50,411 | +€4,519 | +8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,991 | -€58,471 | +€4,519 | +7.2% |
| Amounts payable | 17/49 | €397,863 | €401,725 | +€3,862 | +1.0% |
| Amounts payable after more than one year | 17 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Financial debts | 170/4 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Amounts payable within one year | 42/48 | €297,195 | €326,243 | +€29,048 | +9.8% |
| Financial debts | 43 | - | €24,784 | +€24,784 | |
| Credit institutions | 430/8 | - | €24,784 | +€24,784 | |
| Trade debts | 44 | €3,515 | €4,166 | +€651 | +18.5% |
| Suppliers | 440/4 | €3,515 | €4,166 | +€651 | +18.5% |
| Taxes, remuneration and social security | 45 | - | €203 | +€203 | |
| Taxes | 450/3 | - | €203 | +€203 | |
| Other amounts payable | 47/48 | €293,680 | €297,091 | +€3,410 | +1.2% |
| Accrued charges and deferred income | 492/3 | €667 | €482 | -€185 | -27.8% |
| Other operating charges | 640/8 | €662 | €589 | -€73 | -11.0% |
| Gross operating margin | 9900 | -€6,405 | €6,345 | +€12,749 | |
| Operating profit (loss) | 9901 | -€7,066 | €5,756 | +€12,822 | |
| Financial income | 75/76B | €717 | €2,944 | +€2,227 | +310.6% |
| Recurring financial income | 75 | €717 | €2,944 | +€2,227 | +310.6% |
| Financial charges | 65/66B | €5,931 | €4,180 | -€1,751 | -29.5% |
| Recurring financial charges | 65 | €5,931 | €4,180 | -€1,751 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,280 | €4,519 | +€16,800 | |
| Profit (loss) for the period | 9904 | -€12,280 | €4,519 | +€16,800 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,280 | €4,519 | +€16,800 |
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 10 October 2026 via checked.be.