SV plus: 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 plus
Largest movements
- Cash +€40,790
up €40,790 (+31.8%), from €128,233 to €169,023
mainly Net result for the year (+€89,116) and Receivables within one year (+€11,686)
- Receivables within one year -€11,686
down €11,686 (-51.5%), from €22,705 to €11,019
of which Trade receivables: -€19,210
- Current investments +€7,500
up €7,500 (+250%), from €3,000 to €10,500
- Profit (loss) carried forward +€89,116
up €89,116 (+44.6%), from €199,899 to €289,015
- Debts after one year -€39,917
down €39,917 (-10.1%), from €396,379 to €356,462
- Tax, wage and social debts -€13,097
down €13,097 (-82.1%), from €15,959 to €2,862
- Gross operating margin -€6,964
down €6,964 (-7.1%), from €98,104 to €91,140
- Financial income +€3,500
up €3,500 (+14.3%), from €24,500 to €28,000
of which Non-recurring financial income: +€3,500
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €655,751 | €693,057 | +€37,306 | +5.7% |
| Fixed assets | 21/28 | €501,813 | €502,515 | +€702 | +0.1% |
| Tangible fixed assets | 22/27 | €1,813 | €2,515 | +€702 | +38.7% |
| Furniture and vehicles | 24 | €1,813 | €2,515 | +€702 | +38.7% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €153,938 | €190,542 | +€36,604 | +23.8% |
| Amounts receivable within one year | 40/41 | €22,705 | €11,019 | -€11,686 | -51.5% |
| Trade receivables | 40 | €19,210 | - | -€19,210 | |
| Other amounts receivable | 41 | €3,495 | €11,019 | +€7,524 | +215% |
| Current investments | 50/53 | €3,000 | €10,500 | +€7,500 | +250% |
| Cash at bank and in hand | 54/58 | €128,233 | €169,023 | +€40,790 | +31.8% |
| Total equity and liabilities | 10/49 | €655,751 | €693,057 | +€37,306 | +5.7% |
| Equity | 10/15 | €203,899 | €293,015 | +€89,116 | +43.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €199,899 | €289,015 | +€89,116 | +44.6% |
| Amounts payable | 17/49 | €451,852 | €400,042 | -€51,810 | -11.5% |
| Amounts payable after more than one year | 17 | €396,379 | €356,462 | -€39,917 | -10.1% |
| Financial debts | 170/4 | €396,379 | €356,462 | -€39,917 | -10.1% |
| Amounts payable within one year | 42/48 | €55,293 | €43,580 | -€11,714 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €39,334 | €39,917 | +€582 | +1.5% |
| Trade debts | 44 | - | €802 | +€802 | |
| Suppliers | 440/4 | - | €802 | +€802 | |
| Taxes, remuneration and social security | 45 | €15,959 | €2,862 | -€13,097 | -82.1% |
| Taxes | 450/3 | €15,959 | €2,862 | -€13,097 | -82.1% |
| Accrued charges and deferred income | 492/3 | €180 | - | -€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €382 | €811 | +€429 | +112% |
| Other operating charges | 640/8 | €493 | €505 | +€12 | +2.4% |
| Gross operating margin | 9900 | €98,104 | €91,140 | -€6,964 | -7.1% |
| Operating profit (loss) | 9901 | €97,229 | €89,824 | -€7,405 | -7.6% |
| Financial income | 75/76B | €24,500 | €28,000 | +€3,500 | +14.3% |
| Recurring financial income | 75 | €24,500 | €0 | -€24,500 | -100.0% |
| Non-recurring financial income | 76B | €24,500 | €28,000 | +€3,500 | +14.3% |
| Financial charges | 65/66B | €6,775 | €6,231 | -€544 | -8.0% |
| Recurring financial charges | 65 | €6,775 | €6,231 | -€544 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €114,954 | €111,593 | -€3,361 | -2.9% |
| Income taxes | 67/77 | €22,823 | €22,476 | -€347 | -1.5% |
| Profit (loss) for the period | 9904 | €92,131 | €89,116 | -€3,014 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €92,131 | €89,116 | -€3,014 | -3.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.