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
- Receivables within one year +€40,968
up €40,968 (+334%), from €12,281 to €53,249
of which Other amounts receivable: +€24,935
- Cash -€27,595
down €27,595 (-55.6%), from €49,633 to €22,038
mainly Receivables within one year (-€40,968) and Trade debts (-€2,976)
- Profit (loss) carried forward +€8,250
up €8,250 (+18.8%), from €43,964 to €52,214
- Tax, wage and social debts +€5,709
up €5,709 (+107%), from €5,354 to €11,063
- Trade debts -€2,976
down €2,976 (-100%), from €2,976 to €0
- Other debts +€2,187
up €2,187 (+29.9%), from €7,322 to €9,509
- Gross operating margin +€1,917
up €1,917 (+20.2%), from €9,507 to €11,423
- Taxes -€429
down €429 (-19.5%), from €2,201 to €1,772
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 | €62,116 | €75,286 | +€13,171 | +21.2% |
| Fixed assets | 21/28 | €179 | €0 | -€179 | -100% |
| Tangible fixed assets | 22/27 | €179 | €0 | -€179 | -100% |
| Furniture and vehicles | 24 | €179 | €0 | -€179 | -100% |
| Current assets | 29/58 | €61,937 | €75,286 | +€13,349 | +21.6% |
| Amounts receivable within one year | 40/41 | €12,281 | €53,249 | +€40,968 | +334% |
| Trade receivables | 40 | €12,216 | €28,249 | +€16,033 | +131% |
| Other amounts receivable | 41 | €65 | €25,000 | +€24,935 | +38,504% |
| Cash at bank and in hand | 54/58 | €49,633 | €22,038 | -€27,595 | -55.6% |
| Deferred charges and accrued income | 490/1 | €23 | €0 | -€23 | -100% |
| Total equity and liabilities | 10/49 | €62,116 | €75,286 | +€13,171 | +21.2% |
| Equity | 10/15 | €46,464 | €54,714 | +€8,250 | +17.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,964 | €52,214 | +€8,250 | +18.8% |
| Amounts payable | 17/49 | €15,652 | €20,572 | +€4,920 | +31.4% |
| Amounts payable within one year | 42/48 | €15,652 | €20,572 | +€4,920 | +31.4% |
| Trade debts | 44 | €2,976 | €0 | -€2,976 | -100% |
| Suppliers | 440/4 | €2,976 | €0 | -€2,976 | -100% |
| Taxes, remuneration and social security | 45 | €5,354 | €11,063 | +€5,709 | +107% |
| Taxes | 450/3 | €5,354 | €11,063 | +€5,709 | +107% |
| Other amounts payable | 47/48 | €7,322 | €9,509 | +€2,187 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224 | €179 | -€45 | -20.2% |
| Other operating charges | 640/8 | €1,096 | €1,087 | -€10 | -0.9% |
| Gross operating margin | 9900 | €9,507 | €11,423 | +€1,917 | +20.2% |
| Operating profit (loss) | 9901 | €8,186 | €10,158 | +€1,972 | +24.1% |
| Financial income | 75/76B | €7 | €4 | -€3 | -46.7% |
| Recurring financial income | 75 | €7 | €4 | -€3 | -46.7% |
| Financial charges | 65/66B | €185 | €172 | -€14 | -7.5% |
| Recurring financial charges | 65 | €185 | €172 | -€14 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €8,008 | €9,990 | +€1,982 | +24.8% |
| Income taxes | 67/77 | €2,201 | €1,772 | -€429 | -19.5% |
| Profit (loss) for the period | 9904 | €5,807 | €8,218 | +€2,411 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,807 | €8,218 | +€2,411 | +41.5% |
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 26 October 2026 via checked.be.