SV DISTRIBUTION: 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 DISTRIBUTION
Largest movements
- Receivables within one year +€84,211
up €84,211 (+56.4%), from €149,324 to €233,535
of which Other amounts receivable: +€138,280
- Trade debts +€54,198
up €54,198 (+76.4%), from €70,913 to €125,111
- Profit (loss) carried forward +€18,233
up €18,233 (+66.8%), from €27,279 to €45,512
- Other debts +€15,195
up €15,195 (+399.3%), from €3,805 to €19,000
- Debts after one year -€10,694
no longer reported in 2024 (was €10,694)
- Tax, wage and social debts +€5,612
up €5,612 (+47.7%), from €11,771 to €17,383
- Gross operating margin -€13,700
down €13,700 (-35.6%), from €38,448 to €24,748
- Financial charges -€3,711
down €3,711 (-90.0%), from €4,122 to €410
- Taxes +€425
up €425 (+8.2%), from €5,187 to €5,612
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 | €162,099 | €247,489 | +€85,390 | +52.7% |
| Fixed assets | 21/28 | €10,534 | €10,000 | -€534 | -5.1% |
| Tangible fixed assets | 22/27 | €1,834 | €1,300 | -€534 | -29.1% |
| Furniture and vehicles | 24 | €658 | €382 | -€276 | -41.9% |
| Other tangible fixed assets | 26 | €1,176 | €918 | -€258 | -22.0% |
| Financial fixed assets | 28 | €8,700 | €8,700 | = | 0.0% |
| Current assets | 29/58 | €151,565 | €237,489 | +€85,924 | +56.7% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €149,324 | €233,535 | +€84,211 | +56.4% |
| Trade receivables | 40 | €83,694 | €29,626 | -€54,068 | -64.6% |
| Other amounts receivable | 41 | €65,629 | €203,909 | +€138,280 | +210.7% |
| Cash at bank and in hand | 54/58 | - | €82 | +€82 | |
| Deferred charges and accrued income | 490/1 | €1,241 | €2,872 | +€1,631 | +131.4% |
| Total equity and liabilities | 10/49 | €162,099 | €247,489 | +€85,390 | +52.7% |
| Equity | 10/15 | €44,581 | €62,814 | +€18,233 | +40.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,302 | €12,302 | = | 0.0% |
| Distributable reserves | 133 | €12,302 | €12,302 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,279 | €45,512 | +€18,233 | +66.8% |
| Amounts payable | 17/49 | €117,518 | €184,675 | +€67,157 | +57.1% |
| Amounts payable after more than one year | 17 | €10,694 | - | -€10,694 | |
| Financial debts | 170/4 | €10,694 | - | -€10,694 | |
| Amounts payable within one year | 42/48 | €106,824 | €184,675 | +€77,850 | +72.9% |
| Current portion of amounts payable after more than one year | 42 | €5,852 | €7,067 | +€1,215 | +20.8% |
| Financial debts | 43 | €14,483 | €16,113 | +€1,631 | +11.3% |
| Credit institutions | 430/8 | €14,483 | €16,113 | +€1,631 | +11.3% |
| Trade debts | 44 | €70,913 | €125,111 | +€54,198 | +76.4% |
| Suppliers | 440/4 | €70,913 | €125,111 | +€54,198 | +76.4% |
| Taxes, remuneration and social security | 45 | €11,771 | €17,383 | +€5,612 | +47.7% |
| Taxes | 450/3 | €11,771 | €17,383 | +€5,612 | +47.7% |
| Other amounts payable | 47/48 | €3,805 | €19,000 | +€15,195 | +399.3% |
| Non-recurring operating income | 76A | €1,248 | - | -€1,248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €392 | €534 | +€142 | +36.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €300 | - | -€300 | |
| Non-recurring operating charges | 66A | €16,080 | - | -€16,080 | |
| Gross operating margin | 9900 | €38,448 | €24,748 | -€13,700 | -35.6% |
| Operating profit (loss) | 9901 | €21,676 | €24,214 | +€2,537 | +11.7% |
| Financial income | 75/76B | €2 | €42 | +€40 | +1984.6% |
| Recurring financial income | 75 | €2 | €42 | +€40 | +1984.6% |
| Financial charges | 65/66B | €4,122 | €410 | -€3,711 | -90.0% |
| Recurring financial charges | 65 | €4,122 | €410 | -€3,711 | -90.0% |
| Profit (loss) for the period before taxes | 9903 | €17,557 | €23,845 | +€6,288 | +35.8% |
| Income taxes | 67/77 | €5,187 | €5,612 | +€425 | +8.2% |
| Profit (loss) for the period | 9904 | €12,370 | €18,233 | +€5,864 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,370 | €18,233 | +€5,864 | +47.4% |
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 29 September 2026 via checked.be.