SV: what changed
Two fiscal 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.
SV
Largest movements
- Current investments +€37,000
up €37,000 (+154.2%), from €24,000 to €61,000
- Cash +€19,671
up €19,671 (+178.9%), from €10,997 to €30,668
mainly Net result for the year (+€28,631) and Investment in fixed assets (net) (+€16,218)
- Tangible fixed assets -€17,973
down €17,973 (-82.0%), from €21,930 to €3,957
of which Plant, machinery and equipment: -€10,981
- Receivables within one year -€6,544
down €6,544 (-32.6%), from €20,096 to €13,552
of which Trade receivables: -€3,507
- Reserves +€28,630
up €28,630 (+44.2%), from €64,830 to €93,460
- Other debts +€1,532
new in 2025: €1,532
- Tax, wage and social debts +€1,268
up €1,268 (+10.3%), from €12,268 to €13,536
- Gross operating margin +€24,213
up €24,213 (+124.4%), from €19,467 to €43,680
- Taxes +€7,209
up €7,209 (+145.4%), from €4,958 to €12,167
- Depreciation -€1,556
down €1,556 (-56.8%), from €2,741 to €1,185
- Other operating charges +€608
up €608 (+58.8%), from €1,034 to €1,642
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 | €80,519 | €112,556 | +€32,038 | +39.8% |
| Fixed assets | 21/28 | €24,120 | €6,717 | -€17,403 | -72.2% |
| Tangible fixed assets | 22/27 | €21,930 | €3,957 | -€17,973 | -82.0% |
| Land and buildings | 22 | €6,319 | - | -€6,319 | |
| Plant, machinery and equipment | 23 | €13,686 | €2,705 | -€10,981 | -80.2% |
| Furniture and vehicles | 24 | €1,925 | €1,252 | -€674 | -35.0% |
| Financial fixed assets | 28 | €2,190 | €2,760 | +€570 | +26.0% |
| Current assets | 29/58 | €56,399 | €105,839 | +€49,441 | +87.7% |
| Amounts receivable within one year | 40/41 | €20,096 | €13,552 | -€6,544 | -32.6% |
| Trade receivables | 40 | €17,059 | €13,552 | -€3,507 | -20.6% |
| Other amounts receivable | 41 | €3,037 | - | -€3,037 | |
| Current investments | 50/53 | €24,000 | €61,000 | +€37,000 | +154.2% |
| Cash at bank and in hand | 54/58 | €10,997 | €30,668 | +€19,671 | +178.9% |
| Deferred charges and accrued income | 490/1 | €1,307 | €620 | -€686 | -52.5% |
| Total equity and liabilities | 10/49 | €80,519 | €112,556 | +€32,038 | +39.8% |
| Equity | 10/15 | €67,947 | €96,577 | +€28,631 | +42.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €64,830 | €93,460 | +€28,630 | +44.2% |
| Distributable reserves | 133 | €64,830 | €93,460 | +€28,630 | +44.2% |
| Profit (loss) carried forward | 14 | €117 | €117 | +€1 | +0.6% |
| Amounts payable | 17/49 | €12,572 | €15,979 | +€3,407 | +27.1% |
| Amounts payable within one year | 42/48 | €12,572 | €15,979 | +€3,407 | +27.1% |
| Trade debts | 44 | €304 | €911 | +€607 | +200.0% |
| Suppliers | 440/4 | €304 | €911 | +€607 | +200.0% |
| Taxes, remuneration and social security | 45 | €12,268 | €13,536 | +€1,268 | +10.3% |
| Taxes | 450/3 | €12,268 | €13,536 | +€1,268 | +10.3% |
| Other amounts payable | 47/48 | - | €1,532 | +€1,532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,741 | €1,185 | -€1,556 | -56.8% |
| Other operating charges | 640/8 | €1,034 | €1,642 | +€608 | +58.8% |
| Gross operating margin | 9900 | €19,467 | €43,680 | +€24,213 | +124.4% |
| Operating profit (loss) | 9901 | €15,692 | €40,852 | +€25,161 | +160.3% |
| Financial income | 75/76B | €2 | €0 | -€2 | -79.4% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -79.4% |
| Financial charges | 65/66B | €53 | €55 | +€3 | +4.8% |
| Recurring financial charges | 65 | €53 | €55 | +€3 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €15,642 | €40,798 | +€25,156 | +160.8% |
| Income taxes | 67/77 | €4,958 | €12,167 | +€7,209 | +145.4% |
| Profit (loss) for the period | 9904 | €10,683 | €28,631 | +€17,947 | +168.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,683 | €28,631 | +€17,947 | +168.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.