S V D: 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.
S V D
Largest movements
- Cash -€46,407
down €46,407 (-9.0%), from €518,210 to €471,803
mainly Trade debts (-€53,911) and Receivables within one year (-€8,461)
- Tangible fixed assets -€16,862
down €16,862 (-17.2%), from €98,241 to €81,379
of which Plant, machinery and equipment: -€9,410
- Receivables within one year +€8,461
up €8,461 (+60.7%), from €13,936 to €22,397
of which Other amounts receivable: +€4,713
- Trade debts -€53,911
down €53,911 (-73.5%), from €73,342 to €19,431
- Gross operating margin -€22,703
down €22,703 (-41.3%), from €54,914 to €32,210
- Taxes -€7,715
down €7,715 (-82.6%), from €9,341 to €1,625
- Depreciation +€4,389
up €4,389 (+35.2%), from €12,473 to €16,862
- Other operating charges -€2,377
down €2,377 (-26.7%), from €8,911 to €6,533
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 | €638,612 | €584,158 | -€54,453 | -8.5% |
| Fixed assets | 21/28 | €98,241 | €81,379 | -€16,862 | -17.2% |
| Tangible fixed assets | 22/27 | €98,241 | €81,379 | -€16,862 | -17.2% |
| Land and buildings | 22 | €79,358 | €75,349 | -€4,010 | -5.1% |
| Plant, machinery and equipment | 23 | €12,537 | €3,127 | -€9,410 | -75.1% |
| Furniture and vehicles | 24 | €6,345 | €2,903 | -€3,442 | -54.3% |
| Current assets | 29/58 | €540,371 | €502,780 | -€37,591 | -7.0% |
| Stocks and contracts in progress | 3 | €1,352 | €6,772 | +€5,420 | +400.8% |
| Stocks | 30/36 | €1,352 | €6,772 | +€5,420 | +400.8% |
| Amounts receivable within one year | 40/41 | €13,936 | €22,397 | +€8,461 | +60.7% |
| Trade receivables | 40 | €12,764 | €16,512 | +€3,748 | +29.4% |
| Other amounts receivable | 41 | €1,172 | €5,885 | +€4,713 | +402.2% |
| Cash at bank and in hand | 54/58 | €518,210 | €471,803 | -€46,407 | -9.0% |
| Deferred charges and accrued income | 490/1 | €6,872 | €1,807 | -€5,065 | -73.7% |
| Total equity and liabilities | 10/49 | €638,612 | €584,158 | -€54,453 | -8.5% |
| Equity | 10/15 | €518,608 | €523,133 | +€4,525 | +0.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €20,011 | €20,011 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Tax-exempt reserves | 132 | €18,152 | €18,152 | = | 0.0% |
| Distributable reserves | 133 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | €480,005 | €484,529 | +€4,525 | +0.9% |
| Provisions and deferred taxes | 16 | €8,652 | €8,652 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €8,652 | €8,652 | = | 0.0% |
| Major repairs and maintenance | 162 | €8,652 | €8,652 | = | 0.0% |
| Amounts payable | 17/49 | €111,352 | €52,374 | -€58,978 | -53.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €102,687 | €47,189 | -€55,498 | -54.0% |
| Trade debts | 44 | €73,342 | €19,431 | -€53,911 | -73.5% |
| Suppliers | 440/4 | €73,342 | €19,431 | -€53,911 | -73.5% |
| Taxes, remuneration and social security | 45 | €0 | €666 | +€666 | |
| Taxes | 450/3 | €0 | €666 | +€666 | |
| Other amounts payable | 47/48 | €29,344 | €27,091 | -€2,253 | -7.7% |
| Accrued charges and deferred income | 492/3 | €8,665 | €5,185 | -€3,480 | -40.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,473 | €16,862 | +€4,389 | +35.2% |
| Other operating charges | 640/8 | €8,911 | €6,533 | -€2,377 | -26.7% |
| Gross operating margin | 9900 | €54,914 | €32,210 | -€22,703 | -41.3% |
| Operating profit (loss) | 9901 | €33,531 | €8,815 | -€24,716 | -73.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €2,849 | €2,665 | -€184 | -6.5% |
| Recurring financial charges | 65 | €2,849 | €2,665 | -€184 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €30,683 | €6,150 | -€24,532 | -80.0% |
| Income taxes | 67/77 | €9,341 | €1,625 | -€7,715 | -82.6% |
| Profit (loss) for the period | 9904 | €21,342 | €4,525 | -€16,817 | -78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,342 | €4,525 | -€16,817 | -78.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.