SV GROUP: 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 GROUP
Largest movements
- Cash -€8,609
down €8,609 (-56.7%), from €15,183 to €6,574
mainly Trade debts (-€8,005) and Receivables within one year (-€4,064)
- Receivables within one year +€4,064
up €4,064 (+32.8%), from €12,387 to €16,450
of which Trade receivables: +€2,521
- Tangible fixed assets -€702
down €702 (-63.3%), from €1,110 to €408
of which Plant, machinery and equipment: -€502
- Financial fixed assets +€300
new in 2025: €300
- Trade debts -€8,005
down €8,005 (-87.1%), from €9,194 to €1,189
- Profit (loss) carried forward +€4,544
up €4,544 (+40.6%), from €11,204 to €15,748
- Tax, wage and social debts -€996
down €996 (-14.8%), from €6,746 to €5,750
of which Taxes: -€2,846
- Accrued charges and deferred income -€387
no longer reported in 2025 (was €387)
- Gross operating margin +€4,234
up €4,234 (+58.2%), from €7,276 to €11,510
- Taxes +€1,041
up €1,041 (+65.2%), from €1,596 to €2,636
- Financial charges -€361
down €361 (-21.4%), from €1,687 to €1,326
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 | €29,139 | €24,187 | -€4,952 | -17.0% |
| Fixed assets | 21/28 | €1,110 | €708 | -€402 | -36.2% |
| Tangible fixed assets | 22/27 | €1,110 | €408 | -€702 | -63.3% |
| Plant, machinery and equipment | 23 | €578 | €76 | -€502 | -86.9% |
| Furniture and vehicles | 24 | €532 | €332 | -€200 | -37.6% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €28,029 | €23,479 | -€4,550 | -16.2% |
| Amounts receivable within one year | 40/41 | €12,387 | €16,450 | +€4,064 | +32.8% |
| Trade receivables | 40 | €11,065 | €13,586 | +€2,521 | +22.8% |
| Other amounts receivable | 41 | €1,322 | €2,864 | +€1,543 | +117% |
| Cash at bank and in hand | 54/58 | €15,183 | €6,574 | -€8,609 | -56.7% |
| Deferred charges and accrued income | 490/1 | €459 | €455 | -€4 | -0.9% |
| Total equity and liabilities | 10/49 | €29,139 | €24,187 | -€4,952 | -17.0% |
| Equity | 10/15 | €12,704 | €17,248 | +€4,544 | +35.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,204 | €15,748 | +€4,544 | +40.6% |
| Amounts payable | 17/49 | €16,435 | €6,939 | -€9,496 | -57.8% |
| Amounts payable within one year | 42/48 | €16,047 | €6,939 | -€9,109 | -56.8% |
| Trade debts | 44 | €9,194 | €1,189 | -€8,005 | -87.1% |
| Suppliers | 440/4 | €9,194 | €1,189 | -€8,005 | -87.1% |
| Taxes, remuneration and social security | 45 | €6,746 | €5,750 | -€996 | -14.8% |
| Taxes | 450/3 | €5,446 | €2,600 | -€2,846 | -52.3% |
| Remuneration and social security | 454/9 | €1,300 | €3,150 | +€1,850 | +142% |
| Other amounts payable | 47/48 | €108 | - | -€108 | |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €702 | €702 | = | 0.0% |
| Other operating charges | 640/8 | €2,231 | €2,301 | +€70 | +3.2% |
| Gross operating margin | 9900 | €7,276 | €11,510 | +€4,234 | +58.2% |
| Operating profit (loss) | 9901 | €4,343 | €8,506 | +€4,163 | +95.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.0% |
| Financial charges | 65/66B | €1,687 | €1,326 | -€361 | -21.4% |
| Recurring financial charges | 65 | €1,687 | €1,326 | -€361 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €2,657 | €7,181 | +€4,523 | +170% |
| Income taxes | 67/77 | €1,596 | €2,636 | +€1,041 | +65.2% |
| Profit (loss) for the period | 9904 | €1,062 | €4,544 | +€3,483 | +328% |
| Profit (loss) for the period to be appropriated | 9905 | €1,062 | €4,544 | +€3,483 | +328% |
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 16 October 2026 via checked.be.