SV IMMO-CONSTRUCT: what changed
SV IMMO-CONSTRUCT
Largest movements
- Receivables within one year +€18,020
up €18,020 (+327%), from €5,519 to €23,539
of which Trade receivables: +€13,109
- Tangible fixed assets -€7,408
down €7,408 (-32.8%), from €22,596 to €15,188
- Cash +€475
up €475 (+1,159%), from €41 to €516
mainly Trade debts (+€18,835) and Debts after one year (+€8,639)
- Trade debts +€18,835
new in 2025: €18,835
- Profit (loss) carried forward -€16,759
down €16,759 (-777%), from -€2,156 to -€18,915
- Debts after one year +€8,639
up €8,639 (+270%), from €3,194 to €11,833
- Gross operating margin -€23,043
down €23,043 (-67.2%), from €34,273 to €11,230
- Staff costs +€15,086
new in 2025: €15,086
- Taxes -€4,810
down €4,810 (-55.1%), from €8,726 to €3,916
- Other operating charges -€1,250
down €1,250 (-94.6%), from €1,322 to €72
- Financial charges -€661
down €661 (-54.9%), from €1,205 to €544
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,356 | €39,443 | +€11,087 | +39.1% |
| Fixed assets | 21/28 | €22,796 | €15,388 | -€7,408 | -32.5% |
| Tangible fixed assets | 22/27 | €22,596 | €15,188 | -€7,408 | -32.8% |
| Furniture and vehicles | 24 | €22,596 | €15,188 | -€7,408 | -32.8% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €5,560 | €24,055 | +€18,495 | +333% |
| Amounts receivable within one year | 40/41 | €5,519 | €23,539 | +€18,020 | +327% |
| Trade receivables | 40 | €4,096 | €17,205 | +€13,109 | +320% |
| Other amounts receivable | 41 | €1,423 | €6,334 | +€4,911 | +345% |
| Cash at bank and in hand | 54/58 | €41 | €516 | +€475 | +1,159% |
| Total equity and liabilities | 10/49 | €28,356 | €39,443 | +€11,087 | +39.1% |
| Equity | 10/15 | €16,436 | -€323 | -€16,759 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,156 | -€18,915 | -€16,759 | -777% |
| Amounts payable | 17/49 | €11,920 | €39,766 | +€27,846 | +234% |
| Amounts payable after more than one year | 17 | €3,194 | €11,833 | +€8,639 | +270% |
| Financial debts | 170/4 | €3,194 | €11,833 | +€8,639 | +270% |
| Amounts payable within one year | 42/48 | €8,726 | €27,933 | +€19,207 | +220% |
| Trade debts | 44 | - | €18,835 | +€18,835 | |
| Suppliers | 440/4 | - | €18,835 | +€18,835 | |
| Taxes, remuneration and social security | 45 | €8,726 | €9,098 | +€372 | +4.3% |
| Taxes | 450/3 | €8,726 | €9,098 | +€372 | +4.3% |
| Remuneration, social security and pensions | 62 | - | €15,086 | +€15,086 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,595 | €8,371 | -€224 | -2.6% |
| Other operating charges | 640/8 | €1,322 | €72 | -€1,250 | -94.6% |
| Gross operating margin | 9900 | €34,273 | €11,230 | -€23,043 | -67.2% |
| Operating profit (loss) | 9901 | €24,356 | -€12,299 | -€36,655 | |
| Financial charges | 65/66B | €1,205 | €544 | -€661 | -54.9% |
| Recurring financial charges | 65 | €1,205 | €544 | -€661 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | €23,151 | -€12,843 | -€35,994 | |
| Income taxes | 67/77 | €8,726 | €3,916 | -€4,810 | -55.1% |
| Profit (loss) for the period | 9904 | €14,425 | -€16,759 | -€31,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,425 | -€16,759 | -€31,184 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.