SV Placements: 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 Placements
Largest movements
- Cash +€22,407
up €22,407 (+11,793%), from €190 to €22,597
mainly Receivables within one year (+€16,977) and Net result for the year (+€12,133)
- Receivables within one year -€16,977
down €16,977 (-39.2%), from €43,287 to €26,310
of which Trade receivables: -€26,449
- Tangible fixed assets -€2,653
down €2,653 (-2.7%), from €98,399 to €95,745
of which Land and buildings: -€1,385
- Profit (loss) carried forward +€12,133
up €12,133 (+19.8%), from €61,218 to €73,351
- Trade debts -€6,160
down €6,160 (-26.9%), from €22,874 to €16,714
- Debts after one year -€5,623
down €5,623 (-13.4%), from €42,014 to €36,391
- Staff costs -€10,404
down €10,404 (-100%), from €10,404 to €0
- Gross operating margin +€5,802
up €5,802 (+29.6%), from €19,626 to €25,428
- Taxes +€2,808
up €2,808 (+460%), from €611 to €3,418
- Financial charges +€2,564
up €2,564 (+52.1%), from €4,920 to €7,484
- Other operating charges -€1,034
down €1,034 (-94.2%), from €1,098 to €64
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 | €142,275 | €144,653 | +€2,378 | +1.7% |
| Fixed assets | 21/28 | €98,798 | €95,745 | -€3,052 | -3.1% |
| Intangible fixed assets | 21 | €399 | €0 | -€399 | -100% |
| Tangible fixed assets | 22/27 | €98,399 | €95,745 | -€2,653 | -2.7% |
| Land and buildings | 22 | €26,261 | €24,876 | -€1,385 | -5.3% |
| Plant, machinery and equipment | 23 | €2,063 | €795 | -€1,268 | -61.5% |
| Other tangible fixed assets | 26 | €70,075 | €70,075 | = | 0.0% |
| Current assets | 29/58 | €43,477 | €48,907 | +€5,430 | +12.5% |
| Amounts receivable within one year | 40/41 | €43,287 | €26,310 | -€16,977 | -39.2% |
| Trade receivables | 40 | €26,554 | €105 | -€26,449 | -99.6% |
| Other amounts receivable | 41 | €16,733 | €26,205 | +€9,473 | +56.6% |
| Cash at bank and in hand | 54/58 | €190 | €22,597 | +€22,407 | +11,793% |
| Total equity and liabilities | 10/49 | €142,275 | €144,653 | +€2,378 | +1.7% |
| Equity | 10/15 | €63,218 | €75,351 | +€12,133 | +19.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,218 | €73,351 | +€12,133 | +19.8% |
| Amounts payable | 17/49 | €79,057 | €69,302 | -€9,755 | -12.3% |
| Amounts payable after more than one year | 17 | €42,014 | €36,391 | -€5,623 | -13.4% |
| Financial debts | 170/4 | €42,014 | €36,391 | -€5,623 | -13.4% |
| Amounts payable within one year | 42/48 | €37,043 | €32,911 | -€4,133 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €5,953 | €5,623 | -€330 | -5.6% |
| Financial debts | 43 | €5,184 | €6,544 | +€1,360 | +26.2% |
| Credit institutions | 430/8 | €5,184 | €6,544 | +€1,360 | +26.2% |
| Trade debts | 44 | €22,874 | €16,714 | -€6,160 | -26.9% |
| Suppliers | 440/4 | €22,874 | €16,714 | -€6,160 | -26.9% |
| Taxes, remuneration and social security | 45 | €3,032 | €4,029 | +€998 | +32.9% |
| Taxes | 450/3 | €1,032 | €4,029 | +€2,998 | +291% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €10,404 | €0 | -€10,404 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,893 | €3,052 | +€159 | +5.5% |
| Other operating charges | 640/8 | €1,098 | €64 | -€1,034 | -94.2% |
| Gross operating margin | 9900 | €19,626 | €25,428 | +€5,802 | +29.6% |
| Operating profit (loss) | 9901 | €5,231 | €22,312 | +€17,081 | +327% |
| Financial income | 75/76B | €440 | €724 | +€284 | +64.6% |
| Recurring financial income | 75 | €440 | €724 | +€284 | +64.6% |
| Financial charges | 65/66B | €4,920 | €7,484 | +€2,564 | +52.1% |
| Recurring financial charges | 65 | €4,920 | €7,484 | +€2,564 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €751 | €15,552 | +€14,801 | +1,972% |
| Income taxes | 67/77 | €611 | €3,418 | +€2,808 | +460% |
| Profit (loss) for the period | 9904 | €140 | €12,133 | +€11,994 | +8,580% |
| Profit (loss) for the period to be appropriated | 9905 | €140 | €12,133 | +€11,994 | +8,580% |
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.