SV Aero: 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 Aero
Largest movements
- Cash +€29,138
up €29,138 (+8.7%), from €336,160 to €365,297
mainly Net result for the year (+€67,888) and Other debts (+€14,065)
- Receivables within one year +€18,578
up €18,578 (+87.2%), from €21,300 to €39,878
of which Trade receivables: +€18,362
- Reserves +€23,449
up €23,449 (+6.7%), from €347,972 to €371,421
- Other debts +€14,065
up €14,065 (+16.9%), from €83,233 to €97,299
- Trade debts +€5,633
up €5,633 (+170%), from €3,319 to €8,952
- Gross operating margin -€6,260
down €6,260 (-5.3%), from €118,956 to €112,697
- Financial charges +€2,453
up €2,453 (+32.8%), from €7,489 to €9,942
- Taxes -€2,021
down €2,021 (-6.8%), from €29,857 to €27,836
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 | €462,302 | €506,450 | +€44,148 | +9.5% |
| Fixed assets | 21/28 | €102,317 | €99,969 | -€2,348 | -2.3% |
| Tangible fixed assets | 22/27 | €102,317 | €99,969 | -€2,348 | -2.3% |
| Land and buildings | 22 | €102,317 | €94,595 | -€7,722 | -7.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | - | €5,374 | +€5,374 | |
| Current assets | 29/58 | €359,985 | €406,481 | +€46,496 | +12.9% |
| Amounts receivable within one year | 40/41 | €21,300 | €39,878 | +€18,578 | +87.2% |
| Trade receivables | 40 | €19,852 | €38,214 | +€18,362 | +92.5% |
| Other amounts receivable | 41 | €1,448 | €1,664 | +€216 | +14.9% |
| Cash at bank and in hand | 54/58 | €336,160 | €365,297 | +€29,138 | +8.7% |
| Deferred charges and accrued income | 490/1 | €2,526 | €1,305 | -€1,220 | -48.3% |
| Total equity and liabilities | 10/49 | €462,302 | €506,450 | +€44,148 | +9.5% |
| Equity | 10/15 | €366,572 | €390,021 | +€23,449 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €347,972 | €371,421 | +€23,449 | +6.7% |
| Distributable reserves | 133 | €347,972 | €371,421 | +€23,449 | +6.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €95,730 | €116,428 | +€20,699 | +21.6% |
| Amounts payable within one year | 42/48 | €91,301 | €110,038 | +€18,736 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €362 | +€362 | |
| Credit institutions | 430/8 | - | €362 | +€362 | |
| Trade debts | 44 | €3,319 | €8,952 | +€5,633 | +170% |
| Suppliers | 440/4 | €3,319 | €8,952 | +€5,633 | +170% |
| Taxes, remuneration and social security | 45 | €4,750 | €3,425 | -€1,325 | -27.9% |
| Taxes | 450/3 | €4,750 | €3,425 | -€1,325 | -27.9% |
| Other amounts payable | 47/48 | €83,233 | €97,299 | +€14,065 | +16.9% |
| Accrued charges and deferred income | 492/3 | €4,428 | €6,391 | +€1,963 | +44.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,970 | €7,830 | -€140 | -1.8% |
| Other operating charges | 640/8 | €1,252 | €719 | -€533 | -42.6% |
| Gross operating margin | 9900 | €118,956 | €112,697 | -€6,260 | -5.3% |
| Operating profit (loss) | 9901 | €109,735 | €104,148 | -€5,587 | -5.1% |
| Financial income | 75/76B | €487 | €1,519 | +€1,031 | +212% |
| Recurring financial income | 75 | €487 | €1,519 | +€1,031 | +212% |
| Financial charges | 65/66B | €7,489 | €9,942 | +€2,453 | +32.8% |
| Recurring financial charges | 65 | €7,489 | €9,942 | +€2,453 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €102,733 | €95,724 | -€7,009 | -6.8% |
| Income taxes | 67/77 | €29,857 | €27,836 | -€2,021 | -6.8% |
| Profit (loss) for the period | 9904 | €72,876 | €67,888 | -€4,988 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,876 | €67,888 | -€4,988 | -6.8% |
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 31 October 2026 via checked.be.