SLVG: 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.
SLVG
Largest movements
- Cash +€12,172
up €12,172 (+302%), from €4,029 to €16,201
mainly Net result for the year (+€11,914) and Other debts (+€440)
- Receivables within one year -€320
down €320 (-32.5%), from €985 to €665
of which Other amounts receivable: -€319
- Tangible fixed assets -€287
no longer reported in 2025 (was €287)
- Profit (loss) carried forward +€11,914
up €11,914 (+22.3%), from -€53,450 to -€41,536
- Trade debts -€468
down €468 (-35.2%), from €1,328 to €860
- Other debts +€440
up €440 (+1.0%), from €43,097 to €43,537
- Tax, wage and social debts -€294
down €294 (-8.0%), from €3,685 to €3,391
of which Taxes: -€294
- Staff costs +€9,264
no longer reported in 2025 (was -€9,264)
- Gross operating margin -€7,940
down €7,940 (-36.5%), from €21,742 to €13,803
- Depreciation -€2,373
down €2,373 (-89.2%), from €2,660 to €287
- Taxes +€226
up €226 (+97.9%), from €231 to €457
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 | €7,192 | €18,785 | +€11,593 | +161% |
| Fixed assets | 21/28 | €287 | - | -€287 | |
| Tangible fixed assets | 22/27 | €287 | - | -€287 | |
| Furniture and vehicles | 24 | €287 | - | -€287 | |
| Current assets | 29/58 | €6,905 | €18,785 | +€11,880 | +172% |
| Amounts receivable within one year | 40/41 | €985 | €665 | -€320 | -32.5% |
| Trade receivables | 40 | €335 | €334 | -€1 | -0.1% |
| Other amounts receivable | 41 | €651 | €331 | -€319 | -49.1% |
| Cash at bank and in hand | 54/58 | €4,029 | €16,201 | +€12,172 | +302% |
| Deferred charges and accrued income | 490/1 | €1,891 | €1,919 | +€28 | +1.5% |
| Total equity and liabilities | 10/49 | €7,192 | €18,785 | +€11,593 | +161% |
| Equity | 10/15 | -€40,918 | -€29,004 | +€11,914 | +29.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €132 | €132 | = | 0.0% |
| Non-distributable reserves | 130/1 | €132 | €132 | = | 0.0% |
| Reserves not available under the articles | 1311 | €132 | €132 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,450 | -€41,536 | +€11,914 | +22.3% |
| Amounts payable | 17/49 | €48,110 | €47,789 | -€322 | -0.7% |
| Amounts payable within one year | 42/48 | €48,110 | €47,789 | -€322 | -0.7% |
| Trade debts | 44 | €1,328 | €860 | -€468 | -35.2% |
| Suppliers | 440/4 | €1,328 | €860 | -€468 | -35.2% |
| Taxes, remuneration and social security | 45 | €3,685 | €3,391 | -€294 | -8.0% |
| Taxes | 450/3 | €3,531 | €3,237 | -€294 | -8.3% |
| Remuneration and social security | 454/9 | €154 | €154 | = | 0.0% |
| Other amounts payable | 47/48 | €43,097 | €43,537 | +€440 | +1.0% |
| Remuneration, social security and pensions | 62 | -€9,264 | - | +€9,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,660 | €287 | -€2,373 | -89.2% |
| Other operating charges | 640/8 | €899 | €1,063 | +€165 | +18.3% |
| Gross operating margin | 9900 | €21,742 | €13,803 | -€7,940 | -36.5% |
| Operating profit (loss) | 9901 | €27,448 | €12,452 | -€14,995 | -54.6% |
| Financial charges | 65/66B | €115 | €81 | -€34 | -29.8% |
| Recurring financial charges | 65 | €115 | €81 | -€34 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €27,332 | €12,371 | -€14,961 | -54.7% |
| Income taxes | 67/77 | €231 | €457 | +€226 | +97.9% |
| Profit (loss) for the period | 9904 | €27,101 | €11,914 | -€15,187 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,101 | €11,914 | -€15,187 | -56.0% |
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 15 October 2026 via checked.be.