SV Concept: 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 Concept
Largest movements
- Receivables within one year +€87,005
up €87,005 (+163.4%), from €53,262 to €140,267
of which Trade receivables: +€88,715
- Cash -€38,215
down €38,215 (-63.8%), from €59,853 to €21,638
mainly Trade debts (-€142,597) and Receivables within one year (-€87,005)
- Stocks and contracts -€18,569
down €18,569 (-86.7%), from €21,428 to €2,859
- Deferred charges and accrued income +€2,939
new in 2024: €2,939
- Financial fixed assets +€1,800
new in 2024: €1,800
- Short-term financial debts +€150,000
new in 2024: €150,000
- Trade debts -€142,597
down €142,597 (-94.5%), from €150,888 to €8,291
- Profit (loss) carried forward +€40,726
up €40,726 (+40.7%), from -€100,126 to -€59,400
- Tax, wage and social debts -€27,188
down €27,188 (-71.2%), from €38,161 to €10,973
of which Remuneration and social security: -€23,660
- Other debts +€15,410
up €15,410 (+49.8%), from €30,937 to €46,347
- Turnover -€880,922
no longer reported in 2024 (was €880,922)
- Purchases and services -€777,155
no longer reported in 2024 (was €777,155)
- Gross operating margin +€160,451
up €160,451 (+154.6%), from €103,767 to €264,218
- Staff costs -€47,680
down €47,680 (-19.4%), from €246,267 to €198,587
- Financial charges +€17,577
new in 2024: €17,577
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,060 | €172,412 | +€36,352 | +26.7% |
| Fixed assets | 21/28 | €1,517 | €4,708 | +€3,191 | +210.4% |
| Tangible fixed assets | 22/27 | €1,517 | €2,908 | +€1,391 | +91.7% |
| Plant, machinery and equipment | 23 | €1,199 | €1,114 | -€85 | -7.1% |
| Furniture and vehicles | 24 | - | €1,795 | +€1,795 | |
| Other tangible fixed assets | 26 | €318 | - | -€318 | |
| Financial fixed assets | 28 | - | €1,800 | +€1,800 | |
| Current assets | 29/58 | €134,543 | €167,703 | +€33,160 | +24.6% |
| Stocks and contracts in progress | 3 | €21,428 | €2,859 | -€18,569 | -86.7% |
| Stocks | 30/36 | €21,428 | €2,859 | -€18,569 | -86.7% |
| Amounts receivable within one year | 40/41 | €53,262 | €140,267 | +€87,005 | +163.4% |
| Trade receivables | 40 | €23,553 | €112,268 | +€88,715 | +376.7% |
| Other amounts receivable | 41 | €29,709 | €28,000 | -€1,709 | -5.8% |
| Cash at bank and in hand | 54/58 | €59,853 | €21,638 | -€38,215 | -63.8% |
| Deferred charges and accrued income | 490/1 | - | €2,939 | +€2,939 | |
| Total equity and liabilities | 10/49 | €136,060 | €172,412 | +€36,352 | +26.7% |
| Equity | 10/15 | -€83,926 | -€43,200 | +€40,726 | +48.5% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Capital | 10 | €16,200 | - | -€16,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €2,400 | - | -€2,400 | |
| Profit (loss) carried forward | 14 | -€100,126 | -€59,400 | +€40,726 | +40.7% |
| Amounts payable | 17/49 | €219,986 | €215,612 | -€4,374 | -2.0% |
| Amounts payable within one year | 42/48 | €219,986 | €215,612 | -€4,374 | -2.0% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Other loans | 439 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €150,888 | €8,291 | -€142,597 | -94.5% |
| Suppliers | 440/4 | €150,888 | €8,291 | -€142,597 | -94.5% |
| Taxes, remuneration and social security | 45 | €38,161 | €10,973 | -€27,188 | -71.2% |
| Taxes | 450/3 | €4,212 | €685 | -€3,527 | -83.7% |
| Remuneration and social security | 454/9 | €33,949 | €10,289 | -€23,660 | -69.7% |
| Other amounts payable | 47/48 | €30,937 | €46,347 | +€15,410 | +49.8% |
| Turnover | 70 | €880,922 | - | -€880,922 | |
| Goods, raw materials, services and sundry goods | 60/61 | €777,155 | - | -€777,155 | |
| Remuneration, social security and pensions | 62 | €246,267 | €198,587 | -€47,680 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,179 | €2,401 | -€3,779 | -61.2% |
| Other operating charges | 640/8 | €958 | €2,504 | +€1,546 | +161.3% |
| Gross operating margin | 9900 | €103,767 | €264,218 | +€160,451 | +154.6% |
| Operating profit (loss) | 9901 | -€149,637 | €60,727 | +€210,364 | |
| Financial income | 75/76B | €403 | - | -€403 | |
| Recurring financial income | 75 | €403 | - | -€403 | |
| Non-recurring financial income | 76B | €403 | - | -€403 | |
| Financial charges | 65/66B | - | €17,577 | +€17,577 | |
| Recurring financial charges | 65 | - | €17,577 | +€17,577 | |
| Profit (loss) for the period before taxes | 9903 | -€149,234 | €43,150 | +€192,384 | |
| Income taxes | 67/77 | €4,442 | €2,424 | -€2,018 | -45.4% |
| Profit (loss) for the period | 9904 | -€153,676 | €40,726 | +€194,402 | |
| Profit (loss) for the period to be appropriated | 9905 | -€153,676 | €40,726 | +€194,402 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.