SV International: what changed
What changed
SV International
NACE 47.770, Retail sale of watches and jewellery
filed annual accounts (NBB)
Net result for the year
€131,392
2024 · €74,143+€57,248
Equity
€434,701
2024 · €303,310+€131,392
Cash
€66,717
2024 · €72,234-€5,517
Balance sheet total
€2.2m
2024 · €1.7m+€509,145
Largest movements
Assets
- Receivables within one year +€286,448
up €286,448 (+34.1%), from €839,679 to €1.1m
of which Trade receivables: +€298,783
- Stocks and contracts +€218,631
up €218,631 (+33.4%), from €654,739 to €873,370
Equity and liabilities
- Trade debts +€323,283
up €323,283 (+44.5%), from €726,880 to €1.1m
- Reserves +€131,392
up €131,392 (+44.8%), from €293,310 to €424,701
- Debts after one year +€77,093
up €77,093 (+18.6%), from €414,978 to €492,070
- Advances received -€63,414
no longer reported in 2025 (was €63,414)
- Accrued charges and deferred income +€53,393
up €53,393 (+199%), from €26,807 to €80,200
Income statement
- Gross operating margin +€134,323
up €134,323 (+55.1%), from €243,989 to €378,312
- Financial charges +€36,895
up €36,895 (+62.2%), from €59,330 to €96,225
of which Financial charges: +€37,831
- Taxes +€24,682
up €24,682 (+131%), from €18,889 to €43,572
- Depreciation +€19,907
up €19,907 (+114%), from €17,413 to €37,320
- Staff costs -€5,668
down €5,668 (-7.7%), from €73,995 to €68,328
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.
Result 2024
€74,143
Gross operating margin
+€134,323
Staff costs
+€5,668
Depreciation
-€19,907
Other operating charges
-€1,278
Financial income
+€20
Financial charges
-€36,895
Taxes
-€24,682
Result 2025
€131,392
raises the resultlowers the result
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.
From operations
-€37,237
Investment
-€46,116
Financing
+€77,837
Cash 2024
€72,234
From operations (derived)
-€37,237
Net result for the year
+€131,392
Depreciation
+€37,320
Stocks and contracts
-€218,631
Receivables within one year
-€286,448
Deferred charges and accrued income
-€787
Trade debts
+€323,283
Tax, wage and social debts
-€10,633
Advances received
-€63,414
Other debts
-€2,712
Accrued charges and deferred income
+€53,393
Investment (derived)
-€46,116
Investment in fixed assets (net)
-€40,254
Current investments
-€5,862
Financing
+€77,837
Debts after one year
+€77,093
Current portion of long-term debt
+€744
Cash 2025
€66,717
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,709,208 | €2,218,353 | +€509,145 | +29.8% |
| Fixed assets | 21/28 | €112,813 | €115,747 | +€2,933 | +2.6% |
| Intangible fixed assets | 21 | €8,647 | €7,248 | -€1,399 | -16.2% |
| Tangible fixed assets | 22/27 | €99,094 | €105,726 | +€6,632 | +6.7% |
| Plant, machinery and equipment | 23 | €19,883 | €16,190 | -€3,694 | -18.6% |
| Furniture and vehicles | 24 | €62,597 | €47,151 | -€15,447 | -24.7% |
| Other tangible fixed assets | 26 | €16,613 | €42,386 | +€25,773 | +155% |
| Financial fixed assets | 28 | €5,073 | €2,773 | -€2,300 | -45.3% |
| Current assets | 29/58 | €1,596,395 | €2,102,606 | +€506,211 | +31.7% |
| Stocks and contracts in progress | 3 | €654,739 | €873,370 | +€218,631 | +33.4% |
| Stocks | 30/36 | €654,739 | €873,370 | +€218,631 | +33.4% |
| Amounts receivable within one year | 40/41 | €839,679 | €1,126,127 | +€286,448 | +34.1% |
| Trade receivables | 40 | €827,344 | €1,126,127 | +€298,783 | +36.1% |
| Other amounts receivable | 41 | €12,335 | - | -€12,335 | |
| Current investments | 50/53 | €26,053 | €31,915 | +€5,862 | +22.5% |
| Cash at bank and in hand | 54/58 | €72,234 | €66,717 | -€5,517 | -7.6% |
| Deferred charges and accrued income | 490/1 | €3,690 | €4,477 | +€787 | +21.3% |
| Total equity and liabilities | 10/49 | €1,709,208 | €2,218,353 | +€509,145 | +29.8% |
| Equity | 10/15 | €303,310 | €434,701 | +€131,392 | +43.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €10,000 | +€10,000 | |
| Other | 1109/19 | - | €10,000 | +€10,000 | |
| Reserves | 13 | €293,310 | €424,701 | +€131,392 | +44.8% |
| Distributable reserves | 133 | €293,310 | €424,701 | +€131,392 | +44.8% |
| Amounts payable | 17/49 | €1,405,898 | €1,783,651 | +€377,753 | +26.9% |
| Amounts payable after more than one year | 17 | €414,978 | €492,070 | +€77,093 | +18.6% |
| Financial debts | 170/4 | €414,978 | €492,070 | +€77,093 | +18.6% |
| Amounts payable within one year | 42/48 | €964,113 | €1,211,381 | +€247,268 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €12,163 | €12,907 | +€744 | +6.1% |
| Trade debts | 44 | €726,880 | €1,050,163 | +€323,283 | +44.5% |
| Suppliers | 440/4 | €726,880 | €1,050,163 | +€323,283 | +44.5% |
| Advances received on contracts in progress | 46 | €63,414 | - | -€63,414 | |
| Taxes, remuneration and social security | 45 | €87,980 | €77,347 | -€10,633 | -12.1% |
| Taxes | 450/3 | €71,854 | €62,174 | -€9,681 | -13.5% |
| Remuneration and social security | 454/9 | €16,126 | €15,174 | -€952 | -5.9% |
| Other amounts payable | 47/48 | €73,676 | €70,964 | -€2,712 | -3.7% |
| Accrued charges and deferred income | 492/3 | €26,807 | €80,200 | +€53,393 | +199% |
| Remuneration, social security and pensions | 62 | €73,995 | €68,328 | -€5,668 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,413 | €37,320 | +€19,907 | +114% |
| Other operating charges | 640/8 | €263 | €1,541 | +€1,278 | +485% |
| Gross operating margin | 9900 | €243,989 | €378,312 | +€134,323 | +55.1% |
| Operating profit (loss) | 9901 | €152,317 | €271,122 | +€118,805 | +78.0% |
| Financial income | 75/76B | €46 | €66 | +€20 | +43.8% |
| Recurring financial income | 75 | €46 | €66 | +€20 | +43.8% |
| Financial charges | 65/66B | €59,330 | €96,225 | +€36,895 | +62.2% |
| Recurring financial charges | 65 | €58,394 | €96,225 | +€37,831 | +64.8% |
| Non-recurring financial charges | 66B | €936 | - | -€936 | |
| Profit (loss) for the period before taxes | 9903 | €93,033 | €174,963 | +€81,931 | +88.1% |
| Income taxes | 67/77 | €18,889 | €43,572 | +€24,682 | +131% |
| Profit (loss) for the period | 9904 | €74,143 | €131,392 | +€57,248 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,143 | €131,392 | +€57,248 | +77.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.