SLV GROUP: 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.
SLV GROUP
Largest movements
- Financial fixed assets +€20,966
up €20,966 (+3,646%), from €575 to €21,541
- Receivables within one year +€7,478
up €7,478 (+435%), from €1,720 to €9,198
of which Trade receivables: +€7,560
- Tangible fixed assets -€6,084
down €6,084 (-4.7%), from €130,798 to €124,715
of which Land and buildings: -€5,550
- Receivables after one year -€3,500
no longer reported in 2025 (was €3,500)
- Stocks and contracts +€2,863
new in 2025: €2,863
- Other debts +€75,013
up €75,013 (+7,427,019%), from €1 to €75,014
- Tax, wage and social debts -€18,403
down €18,403 (-83.2%), from €22,115 to €3,712
- Profit (loss) carried forward -€10,039
new in 2025: -€10,039
- Trade debts -€9,740
down €9,740 (-96.1%), from €10,140 to €400
- Debts after one year -€7,674
down €7,674 (-8.4%), from €90,886 to €83,213
- Gross operating margin -€16,352
down €16,352 (-97.6%), from €16,747 to €396
- Taxes -€3,450
down €3,450 (-89.5%), from €3,857 to €406
- Other operating charges -€384
down €384 (-39.0%), from €984 to €600
- Financial income -€365
no longer reported in 2025 (was €365)
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 | €137,724 | €160,973 | +€23,249 | +16.9% |
| Fixed assets | 21/28 | €131,373 | €146,256 | +€14,883 | +11.3% |
| Tangible fixed assets | 22/27 | €130,798 | €124,715 | -€6,084 | -4.7% |
| Land and buildings | 22 | €130,265 | €124,715 | -€5,550 | -4.3% |
| Furniture and vehicles | 24 | €534 | - | -€534 | |
| Financial fixed assets | 28 | €575 | €21,541 | +€20,966 | +3,646% |
| Current assets | 29/58 | €6,351 | €14,717 | +€8,366 | +132% |
| Amounts receivable after more than one year | 29 | €3,500 | - | -€3,500 | |
| Other amounts receivable | 291 | €3,500 | - | -€3,500 | |
| Stocks and contracts in progress | 3 | - | €2,863 | +€2,863 | |
| Stocks | 30/36 | - | €2,863 | +€2,863 | |
| Amounts receivable within one year | 40/41 | €1,720 | €9,198 | +€7,478 | +435% |
| Trade receivables | 40 | - | €7,560 | +€7,560 | |
| Other amounts receivable | 41 | €1,720 | €1,639 | -€82 | -4.7% |
| Cash at bank and in hand | 54/58 | €1,080 | €2,655 | +€1,575 | +146% |
| Deferred charges and accrued income | 490/1 | €51 | - | -€51 | |
| Total equity and liabilities | 10/49 | €137,724 | €160,973 | +€23,249 | +16.9% |
| Equity | 10/15 | €1,000 | -€9,039 | -€10,039 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,039 | -€10,039 | |
| Amounts payable | 17/49 | €136,724 | €170,012 | +€33,288 | +24.3% |
| Amounts payable after more than one year | 17 | €90,886 | €83,213 | -€7,674 | -8.4% |
| Financial debts | 170/4 | €90,886 | €83,213 | -€7,674 | -8.4% |
| Amounts payable within one year | 42/48 | €45,838 | €86,799 | +€40,962 | +89.4% |
| Current portion of amounts payable after more than one year | 42 | €13,579 | €7,674 | -€5,905 | -43.5% |
| Financial debts | 43 | €3 | - | -€3 | |
| Credit institutions | 430/8 | €3 | - | -€3 | |
| Trade debts | 44 | €10,140 | €400 | -€9,740 | -96.1% |
| Suppliers | 440/4 | €10,140 | €400 | -€9,740 | -96.1% |
| Taxes, remuneration and social security | 45 | €22,115 | €3,712 | -€18,403 | -83.2% |
| Taxes | 450/3 | €22,115 | €3,712 | -€18,403 | -83.2% |
| Other amounts payable | 47/48 | €1 | €75,014 | +€75,013 | +7,427,019% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,085 | €6,084 | -€1 | 0.0% |
| Other operating charges | 640/8 | €984 | €600 | -€384 | -39.0% |
| Gross operating margin | 9900 | €16,747 | €396 | -€16,352 | -97.6% |
| Operating profit (loss) | 9901 | €9,678 | -€6,288 | -€15,967 | |
| Financial income | 75/76B | €365 | - | -€365 | |
| Recurring financial income | 75 | €365 | - | -€365 | |
| Financial charges | 65/66B | €3,315 | €3,345 | +€30 | +0.9% |
| Recurring financial charges | 65 | €3,315 | €3,345 | +€30 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €6,729 | -€9,633 | -€16,362 | |
| Income taxes | 67/77 | €3,857 | €406 | -€3,450 | -89.5% |
| Profit (loss) for the period | 9904 | €2,872 | -€10,039 | -€12,911 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,872 | -€10,039 | -€12,911 |
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 22 October 2026 via checked.be.