SV CONSTRUCTION: 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 CONSTRUCTION
Largest movements
- Receivables within one year -€68,550
down €68,550 (-63.1%), from €108,670 to €40,120
of which Trade receivables: -€41,352
- Tangible fixed assets +€37,608
up €37,608 (+3061.8%), from €1,228 to €38,836
of which Plant, machinery and equipment: +€28,802
- Cash +€3,546
up €3,546 (+74.1%), from €4,783 to €8,329
mainly Receivables within one year (+€68,550) and Net result for the year (+€25,356)
- Trade debts -€74,836
down €74,836 (-89.3%), from €83,757 to €8,921
of which Bills of exchange payable: -€68,404
- Profit (loss) carried forward +€25,356
up €25,356 (+157.8%), from €16,070 to €41,426
- Debts after one year +€9,835
up €9,835 (+145.2%), from €6,772 to €16,607
- Tax, wage and social debts +€7,298
up €7,298 (+154.4%), from €4,725 to €12,023
- Other debts +€4,434
up €4,434 (+4434.0%), from €100 to €4,534
- Gross operating margin +€18,095
up €18,095 (+85.2%), from €21,236 to €39,330
- Depreciation +€6,065
up €6,065 (+4982.6%), from €122 to €6,187
- Taxes +€2,040
up €2,040 (+43.2%), from €4,725 to €6,765
- Financial income -€648
no longer reported in 2025 (was €648)
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 | €114,681 | €87,285 | -€27,396 | -23.9% |
| Fixed assets | 21/28 | €1,228 | €38,836 | +€37,608 | +3061.8% |
| Tangible fixed assets | 22/27 | €1,228 | €38,836 | +€37,608 | +3061.8% |
| Plant, machinery and equipment | 23 | €1,228 | €30,030 | +€28,802 | +2344.9% |
| Furniture and vehicles | 24 | - | €8,806 | +€8,806 | |
| Current assets | 29/58 | €113,452 | €48,449 | -€65,003 | -57.3% |
| Amounts receivable within one year | 40/41 | €108,670 | €40,120 | -€68,550 | -63.1% |
| Trade receivables | 40 | €81,472 | €40,120 | -€41,352 | -50.8% |
| Other amounts receivable | 41 | €27,197 | - | -€27,197 | |
| Cash at bank and in hand | 54/58 | €4,783 | €8,329 | +€3,546 | +74.1% |
| Total equity and liabilities | 10/49 | €114,681 | €87,285 | -€27,396 | -23.9% |
| Equity | 10/15 | €16,570 | €41,926 | +€25,356 | +153.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,070 | €41,426 | +€25,356 | +157.8% |
| Amounts payable | 17/49 | €98,110 | €45,359 | -€52,751 | -53.8% |
| Amounts payable after more than one year | 17 | €6,772 | €16,607 | +€9,835 | +145.2% |
| Financial debts | 170/4 | €6,772 | €16,607 | +€9,835 | +145.2% |
| Amounts payable within one year | 42/48 | €91,339 | €28,752 | -€62,587 | -68.5% |
| Current portion of amounts payable after more than one year | 42 | €2,756 | €3,274 | +€518 | +18.8% |
| Trade debts | 44 | €83,757 | €8,921 | -€74,836 | -89.3% |
| Suppliers | 440/4 | €15,353 | €8,921 | -€6,432 | -41.9% |
| Bills of exchange payable | 441 | €68,404 | - | -€68,404 | |
| Taxes, remuneration and social security | 45 | €4,725 | €12,023 | +€7,298 | +154.4% |
| Taxes | 450/3 | €4,725 | €12,023 | +€7,298 | +154.4% |
| Other amounts payable | 47/48 | €100 | €4,534 | +€4,434 | +4434.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122 | €6,187 | +€6,065 | +4982.6% |
| Other operating charges | 640/8 | €162 | - | -€162 | |
| Gross operating margin | 9900 | €21,236 | €39,330 | +€18,095 | +85.2% |
| Operating profit (loss) | 9901 | €20,952 | €33,143 | +€12,191 | +58.2% |
| Financial income | 75/76B | €648 | - | -€648 | |
| Recurring financial income | 75 | €648 | - | -€648 | |
| Financial charges | 65/66B | €804 | €1,022 | +€218 | +27.0% |
| Recurring financial charges | 65 | €804 | €1,022 | +€218 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €20,796 | €32,121 | +€11,325 | +54.5% |
| Income taxes | 67/77 | €4,725 | €6,765 | +€2,040 | +43.2% |
| Profit (loss) for the period | 9904 | €16,070 | €25,356 | +€9,286 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,070 | €25,356 | +€9,286 | +57.8% |
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 29 September 2026 via checked.be.