S.V.L.: 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.L.
Largest movements
- Receivables within one year +€49,188
up €49,188 (+283.6%), from €17,344 to €66,532
of which Trade receivables: +€40,189
- Tangible fixed assets -€10,402
down €10,402 (-27.6%), from €37,711 to €27,308
of which Furniture and vehicles: -€9,564
- Cash +€6,724
up €6,724 (+3.6%), from €185,927 to €192,651
mainly Advances received (+€47,025) and Net result for the year (+€37,118)
- Deferred charges and accrued income -€5,444
down €5,444 (-33.7%), from €16,169 to €10,725
- Advances received +€47,025
new in 2025: €47,025
- Profit (loss) carried forward +€37,118
up €37,118 (+38.0%), from €97,652 to €134,770
- Trade debts -€34,407
down €34,407 (-46.6%), from €73,905 to €39,498
- Tax, wage and social debts -€5,026
down €5,026 (-93.0%), from €5,402 to €376
- Other debts -€4,644
down €4,644 (-8.5%), from €54,348 to €49,704
- Gross operating margin -€17,542
down €17,542 (-22.1%), from €79,348 to €61,805
- Taxes -€4,000
down €4,000 (-22.7%), from €17,590 to €13,591
- Financial charges -€1,430
down €1,430 (-94.1%), from €1,520 to €90
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 | €257,151 | €297,216 | +€40,066 | +15.6% |
| Fixed assets | 21/28 | €37,711 | €27,308 | -€10,402 | -27.6% |
| Tangible fixed assets | 22/27 | €37,711 | €27,308 | -€10,402 | -27.6% |
| Plant, machinery and equipment | 23 | €1,048 | €210 | -€838 | -80.0% |
| Furniture and vehicles | 24 | €36,663 | €27,099 | -€9,564 | -26.1% |
| Current assets | 29/58 | €219,440 | €269,908 | +€50,468 | +23.0% |
| Amounts receivable within one year | 40/41 | €17,344 | €66,532 | +€49,188 | +283.6% |
| Trade receivables | 40 | €14,934 | €55,123 | +€40,189 | +269.1% |
| Other amounts receivable | 41 | €2,410 | €11,409 | +€9,000 | +373.5% |
| Cash at bank and in hand | 54/58 | €185,927 | €192,651 | +€6,724 | +3.6% |
| Deferred charges and accrued income | 490/1 | €16,169 | €10,725 | -€5,444 | -33.7% |
| Total equity and liabilities | 10/49 | €257,151 | €297,216 | +€40,066 | +15.6% |
| Equity | 10/15 | €123,496 | €160,614 | +€37,118 | +30.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,244 | €7,244 | = | 0.0% |
| Distributable reserves | 133 | €7,244 | €7,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,652 | €134,770 | +€37,118 | +38.0% |
| Amounts payable | 17/49 | €133,655 | €136,602 | +€2,948 | +2.2% |
| Amounts payable within one year | 42/48 | €133,655 | €136,602 | +€2,948 | +2.2% |
| Trade debts | 44 | €73,905 | €39,498 | -€34,407 | -46.6% |
| Suppliers | 440/4 | €73,905 | €39,498 | -€34,407 | -46.6% |
| Advances received on contracts in progress | 46 | - | €47,025 | +€47,025 | |
| Taxes, remuneration and social security | 45 | €5,402 | €376 | -€5,026 | -93.0% |
| Taxes | 450/3 | €5,402 | €376 | -€5,026 | -93.0% |
| Other amounts payable | 47/48 | €54,348 | €49,704 | -€4,644 | -8.5% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,402 | €10,402 | = | 0.0% |
| Other operating charges | 640/8 | €652 | €604 | -€48 | -7.4% |
| Gross operating margin | 9900 | €79,348 | €61,805 | -€17,542 | -22.1% |
| Operating profit (loss) | 9901 | €68,293 | €50,798 | -€17,494 | -25.6% |
| Financial charges | 65/66B | €1,520 | €90 | -€1,430 | -94.1% |
| Recurring financial charges | 65 | €1,520 | €90 | -€1,430 | -94.1% |
| Profit (loss) for the period before taxes | 9903 | €66,772 | €50,708 | -€16,064 | -24.1% |
| Income taxes | 67/77 | €17,590 | €13,591 | -€4,000 | -22.7% |
| Profit (loss) for the period | 9904 | €49,182 | €37,118 | -€12,064 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,182 | €37,118 | -€12,064 | -24.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.