S.V.T.C.: 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.T.C.
Largest movements
- Receivables within one year +€889,012
up €889,012 (+116%), from €766,104 to €1.7m
of which Trade receivables: +€566,280
- Cash -€422,817
down €422,817 (-69.4%), from €609,144 to €186,327
mainly Receivables within one year (-€889,012) and Debts after one year (-€14,802)
- Tangible fixed assets -€22,684
down €22,684 (-23.0%), from €98,418 to €75,734
of which Leasing and similar rights: -€15,827
- Reserves +€409,462
up €409,462 (+31.1%), from €1.3m to €1.7m
of which Distributable reserves: +€207,382
- Other debts +€49,614
up €49,614 (+48,938%), from €101 to €49,715
- Gross operating margin -€45,164
down €45,164 (-7.2%), from €627,998 to €582,834
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 | €1,480,854 | €1,924,357 | +€443,502 | +29.9% |
| Fixed assets | 21/28 | €103,418 | €80,734 | -€22,684 | -21.9% |
| Tangible fixed assets | 22/27 | €98,418 | €75,734 | -€22,684 | -23.0% |
| Plant, machinery and equipment | 23 | €2,711 | €2,121 | -€590 | -21.8% |
| Furniture and vehicles | 24 | €1,204 | €3,126 | +€1,922 | +160% |
| Leasing and similar rights | 25 | €30,483 | €14,656 | -€15,827 | -51.9% |
| Other tangible fixed assets | 26 | €64,020 | €55,831 | -€8,190 | -12.8% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,377,437 | €1,843,623 | +€466,186 | +33.8% |
| Amounts receivable within one year | 40/41 | €766,104 | €1,655,116 | +€889,012 | +116% |
| Trade receivables | 40 | €36,300 | €602,580 | +€566,280 | +1,560% |
| Other amounts receivable | 41 | €729,804 | €1,052,536 | +€322,732 | +44.2% |
| Cash at bank and in hand | 54/58 | €609,144 | €186,327 | -€422,817 | -69.4% |
| Deferred charges and accrued income | 490/1 | €2,189 | €2,180 | -€9 | -0.4% |
| Total equity and liabilities | 10/49 | €1,480,854 | €1,924,357 | +€443,502 | +29.9% |
| Equity | 10/15 | €1,333,332 | €1,742,794 | +€409,462 | +30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,314,732 | €1,724,194 | +€409,462 | +31.1% |
| Tax-exempt reserves | 132 | €210,500 | €412,580 | +€202,080 | +96.0% |
| Distributable reserves | 133 | €1,104,232 | €1,311,614 | +€207,382 | +18.8% |
| Amounts payable | 17/49 | €147,522 | €181,562 | +€34,040 | +23.1% |
| Amounts payable after more than one year | 17 | €14,802 | - | -€14,802 | |
| Financial debts | 170/4 | €14,802 | - | -€14,802 | |
| Amounts payable within one year | 42/48 | €132,720 | €180,506 | +€47,787 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €15,996 | €14,802 | -€1,193 | -7.5% |
| Taxes, remuneration and social security | 45 | €116,623 | €115,989 | -€634 | -0.5% |
| Taxes | 450/3 | €111,400 | €115,989 | +€4,589 | +4.1% |
| Remuneration and social security | 454/9 | €5,223 | - | -€5,223 | |
| Other amounts payable | 47/48 | €101 | €49,715 | +€49,614 | +48,938% |
| Accrued charges and deferred income | 492/3 | - | €1,056 | +€1,056 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,794 | €25,992 | +€1,198 | +4.8% |
| Other operating charges | 640/8 | €1,221 | €1,057 | -€164 | -13.5% |
| Gross operating margin | 9900 | €627,998 | €582,834 | -€45,164 | -7.2% |
| Operating profit (loss) | 9901 | €601,983 | €555,786 | -€46,197 | -7.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -87.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -87.9% |
| Financial charges | 65/66B | €513 | €359 | -€153 | -29.9% |
| Recurring financial charges | 65 | €513 | €359 | -€153 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €601,471 | €555,426 | -€46,044 | -7.7% |
| Income taxes | 67/77 | €150,696 | €145,964 | -€4,732 | -3.1% |
| Profit (loss) for the period | 9904 | €450,775 | €409,462 | -€41,312 | -9.2% |
| Transfer to tax-exempt reserves | 689 | €210,500 | €202,080 | -€8,420 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €240,275 | €207,382 | -€32,892 | -13.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.