SV 17: 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.
SV 17
Largest movements
- Tangible fixed assets -€25,893
down €25,893 (-7.1%), from €362,590 to €336,697
of which Leasing and similar rights: -€13,358
- Cash -€7,483
down €7,483 (-24.9%), from €30,001 to €22,518
mainly Debts after one year (-€24,321) and Contributions, distributions and other (-€12,930)
- Debts after one year -€24,321
down €24,321 (-9.4%), from €258,512 to €234,191
- Tax, wage and social debts -€5,359
down €5,359 (-36.7%), from €14,603 to €9,244
of which Taxes: -€4,947
- Trade debts -€4,421
down €4,421 (-40.4%), from €10,955 to €6,534
- Gross operating margin -€6,298
down €6,298 (-6.9%), from €91,501 to €85,203
- Depreciation +€2,296
up €2,296 (+9.6%), from €24,006 to €26,303
- Financial charges -€2,144
down €2,144 (-16.9%), from €12,665 to €10,521
- Staff costs -€995
down €995 (-3.5%), from €28,711 to €27,717
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 | €394,888 | €361,509 | -€33,379 | -8.5% |
| Fixed assets | 21/28 | €362,590 | €336,697 | -€25,893 | -7.1% |
| Tangible fixed assets | 22/27 | €362,590 | €336,697 | -€25,893 | -7.1% |
| Land and buildings | 22 | €56,000 | €56,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €8,786 | €6,245 | -€2,541 | -28.9% |
| Furniture and vehicles | 24 | €36,211 | €26,769 | -€9,443 | -26.1% |
| Leasing and similar rights | 25 | €259,395 | €246,037 | -€13,358 | -5.1% |
| Other tangible fixed assets | 26 | €2,198 | €1,646 | -€552 | -25.1% |
| Current assets | 29/58 | €32,298 | €24,812 | -€7,486 | -23.2% |
| Amounts receivable within one year | 40/41 | €287 | €78 | -€209 | -72.8% |
| Trade receivables | 40 | €287 | €78 | -€209 | -72.8% |
| Cash at bank and in hand | 54/58 | €30,001 | €22,518 | -€7,483 | -24.9% |
| Deferred charges and accrued income | 490/1 | €2,010 | €2,216 | +€206 | +10.2% |
| Total equity and liabilities | 10/49 | €394,888 | €361,509 | -€33,379 | -8.5% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €374,428 | €341,049 | -€33,379 | -8.9% |
| Amounts payable after more than one year | 17 | €258,512 | €234,191 | -€24,321 | -9.4% |
| Financial debts | 170/4 | €258,512 | €234,191 | -€24,321 | -9.4% |
| Amounts payable within one year | 42/48 | €115,916 | €106,450 | -€9,466 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €24,201 | €24,321 | +€121 | +0.5% |
| Trade debts | 44 | €10,955 | €6,534 | -€4,421 | -40.4% |
| Suppliers | 440/4 | €10,955 | €6,534 | -€4,421 | -40.4% |
| Taxes, remuneration and social security | 45 | €14,603 | €9,244 | -€5,359 | -36.7% |
| Taxes | 450/3 | €11,656 | €6,709 | -€4,947 | -42.4% |
| Remuneration and social security | 454/9 | €2,947 | €2,535 | -€412 | -14.0% |
| Other amounts payable | 47/48 | €66,158 | €66,351 | +€193 | +0.3% |
| Accrued charges and deferred income | 492/3 | €0 | €408 | +€408 | |
| Remuneration, social security and pensions | 62 | €28,711 | €27,717 | -€995 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,006 | €26,303 | +€2,296 | +9.6% |
| Other operating charges | 640/8 | €547 | €1,116 | +€569 | +104% |
| Gross operating margin | 9900 | €91,501 | €85,203 | -€6,298 | -6.9% |
| Operating profit (loss) | 9901 | €38,236 | €30,067 | -€8,168 | -21.4% |
| Financial income | 75/76B | €257 | €209 | -€48 | -18.6% |
| Recurring financial income | 75 | €257 | €209 | -€48 | -18.6% |
| Financial charges | 65/66B | €12,665 | €10,521 | -€2,144 | -16.9% |
| Recurring financial charges | 65 | €12,665 | €10,521 | -€2,144 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €25,827 | €19,755 | -€6,072 | -23.5% |
| Income taxes | 67/77 | €6,130 | €6,826 | +€695 | +11.3% |
| Profit (loss) for the period | 9904 | €19,697 | €12,930 | -€6,767 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,697 | €12,930 | -€6,767 | -34.4% |
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 25 October 2026 via checked.be.