SV Collection: 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 Collection
Largest movements
- Cash +€140,922
up €140,922 (+40.2%), from €350,875 to €491,797
mainly Net result for the year (+€177,219) and Trade debts (+€171,538)
- Receivables within one year +€130,253
up €130,253 (+130.1%), from €100,139 to €230,392
of which Trade receivables: +€137,798
- Current investments +€49,261
up €49,261 (+15.0%), from €327,694 to €376,955
- Tangible fixed assets +€21,889
up €21,889 (+108.5%), from €20,183 to €42,072
of which Furniture and vehicles: +€23,234
- Reserves +€177,000
up €177,000 (+39.1%), from €453,200 to €630,200
of which Distributable reserves: +€177,000
- Trade debts +€171,538
up €171,538 (+378.0%), from €45,376 to €216,914
- Gross operating margin -€54,641
down €54,641 (-17.8%), from €306,905 to €252,264
- Taxes -€13,031
down €13,031 (-14.0%), from €93,403 to €80,372
- Financial income +€10,365
up €10,365 (+150.7%), from €6,877 to €17,243
- Provisions -€7,798
down €7,798, from €4,839 to -€2,959
- Depreciation +€6,049
up €6,049 (+136.8%), from €4,421 to €10,469
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 | €802,362 | €1,143,869 | +€341,507 | +42.6% |
| Fixed assets | 21/28 | €20,183 | €42,072 | +€21,889 | +108.5% |
| Tangible fixed assets | 22/27 | €20,183 | €42,072 | +€21,889 | +108.5% |
| Furniture and vehicles | 24 | €8,725 | €31,959 | +€23,234 | +266.3% |
| Other tangible fixed assets | 26 | €11,458 | €10,113 | -€1,345 | -11.7% |
| Current assets | 29/58 | €782,179 | €1,101,796 | +€319,618 | +40.9% |
| Amounts receivable within one year | 40/41 | €100,139 | €230,392 | +€130,253 | +130.1% |
| Trade receivables | 40 | €92,593 | €230,392 | +€137,798 | +148.8% |
| Other amounts receivable | 41 | €7,545 | - | -€7,545 | |
| Current investments | 50/53 | €327,694 | €376,955 | +€49,261 | +15.0% |
| Cash at bank and in hand | 54/58 | €350,875 | €491,797 | +€140,922 | +40.2% |
| Deferred charges and accrued income | 490/1 | €3,472 | €2,653 | -€818 | -23.6% |
| Total equity and liabilities | 10/49 | €802,362 | €1,143,869 | +€341,507 | +42.6% |
| Equity | 10/15 | €609,336 | €786,555 | +€177,219 | +29.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €453,200 | €630,200 | +€177,000 | +39.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €447,000 | €624,000 | +€177,000 | +39.6% |
| Profit (loss) carried forward | 14 | €94,136 | €94,355 | +€219 | +0.2% |
| Provisions and deferred taxes | 16 | €14,082 | €11,123 | -€2,959 | -21.0% |
| Provisions for liabilities and charges | 160/5 | €14,082 | €11,123 | -€2,959 | -21.0% |
| Environmental obligations | 163 | €14,082 | €11,123 | -€2,959 | -21.0% |
| Amounts payable | 17/49 | €178,943 | €346,190 | +€167,247 | +93.5% |
| Amounts payable within one year | 42/48 | €178,943 | €346,190 | +€167,247 | +93.5% |
| Current portion of amounts payable after more than one year | 42 | €25,073 | €33,409 | +€8,336 | +33.2% |
| Trade debts | 44 | €45,376 | €216,914 | +€171,538 | +378.0% |
| Suppliers | 440/4 | €45,376 | €216,914 | +€171,538 | +378.0% |
| Advances received on contracts in progress | 46 | €5,407 | - | -€5,407 | |
| Taxes, remuneration and social security | 45 | €79,950 | €71,762 | -€8,188 | -10.2% |
| Taxes | 450/3 | €79,950 | €71,762 | -€8,188 | -10.2% |
| Other amounts payable | 47/48 | €23,137 | €24,105 | +€968 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,421 | €10,469 | +€6,049 | +136.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,303 | - | +€1,303 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,839 | -€2,959 | -€7,798 | |
| Other operating charges | 640/8 | €483 | €585 | +€102 | +21.2% |
| Gross operating margin | 9900 | €306,905 | €252,264 | -€54,641 | -17.8% |
| Operating profit (loss) | 9901 | €298,466 | €244,169 | -€54,296 | -18.2% |
| Financial income | 75/76B | €6,877 | €17,243 | +€10,365 | +150.7% |
| Recurring financial income | 75 | €6,877 | €17,243 | +€10,365 | +150.7% |
| Financial charges | 65/66B | €3,496 | €3,821 | +€325 | +9.3% |
| Recurring financial charges | 65 | €3,496 | €3,821 | +€325 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €301,848 | €257,591 | -€44,256 | -14.7% |
| Income taxes | 67/77 | €93,403 | €80,372 | -€13,031 | -14.0% |
| Profit (loss) for the period | 9904 | €208,445 | €177,219 | -€31,226 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €208,445 | €177,219 | -€31,226 | -15.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.