S.V.K.: 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.K.
Largest movements
- Tangible fixed assets -€20,846
down €20,846 (-33.9%), from €61,576 to €40,730
- Cash +€14,214
up €14,214 (+73.6%), from €19,303 to €33,517
mainly Depreciation (+€22,374) and Net result for the year (+€6,955)
- Receivables within one year +€2,517
up €2,517 (+20.7%), from €12,175 to €14,692
of which Trade receivables: +€4,629
- Debts after one year -€12,922
down €12,922 (-27.2%), from €47,472 to €34,550
- Profit (loss) carried forward +€6,955
up €6,955 (+10.7%), from -€65,141 to -€58,186
- Other debts -€6,074
down €6,074 (-7.6%), from €79,701 to €73,627
- Trade debts +€3,814
up €3,814 (+63.7%), from €5,990 to €9,804
- Tax, wage and social debts +€3,490
new in 2025: €3,490
- Depreciation -€8,791
down €8,791 (-28.2%), from €31,165 to €22,374
- Taxes +€2,091
new in 2025: €2,091
- Gross operating margin +€1,528
up €1,528 (+4.5%), from €33,838 to €35,366
- Financial charges +€750
up €750 (+33.5%), from €2,242 to €2,993
- Other operating charges +€498
up €498 (+109.3%), from €455 to €953
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 | €106,389 | €102,274 | -€4,115 | -3.9% |
| Fixed assets | 21/28 | €61,576 | €40,730 | -€20,846 | -33.9% |
| Tangible fixed assets | 22/27 | €61,576 | €40,730 | -€20,846 | -33.9% |
| Land and buildings | 22 | €34,417 | €30,917 | -€3,500 | -10.2% |
| Plant, machinery and equipment | 23 | €9,912 | €1,471 | -€8,440 | -85.2% |
| Furniture and vehicles | 24 | €17,248 | €8,342 | -€8,906 | -51.6% |
| Current assets | 29/58 | €44,813 | €61,544 | +€16,731 | +37.3% |
| Stocks and contracts in progress | 3 | €13,335 | €13,335 | = | 0.0% |
| Stocks | 30/36 | €13,335 | €13,335 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,175 | €14,692 | +€2,517 | +20.7% |
| Trade receivables | 40 | €10,063 | €14,692 | +€4,629 | +46.0% |
| Other amounts receivable | 41 | €2,112 | - | -€2,112 | |
| Cash at bank and in hand | 54/58 | €19,303 | €33,517 | +€14,214 | +73.6% |
| Total equity and liabilities | 10/49 | €106,389 | €102,274 | -€4,115 | -3.9% |
| Equity | 10/15 | -€39,074 | -€32,119 | +€6,955 | +17.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €6,067 | €6,067 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €4,067 | €4,067 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,141 | -€58,186 | +€6,955 | +10.7% |
| Amounts payable | 17/49 | €145,463 | €134,393 | -€11,070 | -7.6% |
| Amounts payable after more than one year | 17 | €47,472 | €34,550 | -€12,922 | -27.2% |
| Financial debts | 170/4 | €47,472 | €34,550 | -€12,922 | -27.2% |
| Amounts payable within one year | 42/48 | €97,991 | €99,843 | +€1,852 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €12,300 | €12,922 | +€622 | +5.1% |
| Trade debts | 44 | €5,990 | €9,804 | +€3,814 | +63.7% |
| Suppliers | 440/4 | €5,990 | €9,804 | +€3,814 | +63.7% |
| Taxes, remuneration and social security | 45 | - | €3,490 | +€3,490 | |
| Taxes | 450/3 | - | €3,490 | +€3,490 | |
| Other amounts payable | 47/48 | €79,701 | €73,627 | -€6,074 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,165 | €22,374 | -€8,791 | -28.2% |
| Other operating charges | 640/8 | €455 | €953 | +€498 | +109.3% |
| Gross operating margin | 9900 | €33,838 | €35,366 | +€1,528 | +4.5% |
| Operating profit (loss) | 9901 | €2,218 | €12,039 | +€9,821 | +442.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.0% |
| Financial charges | 65/66B | €2,242 | €2,993 | +€750 | +33.5% |
| Recurring financial charges | 65 | €2,242 | €2,993 | +€750 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | -€23 | €9,046 | +€9,069 | |
| Income taxes | 67/77 | - | €2,091 | +€2,091 | |
| Profit (loss) for the period | 9904 | -€23 | €6,955 | +€6,979 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23 | €6,955 | +€6,979 |
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 11 October 2026 via checked.be.