SV Project Consulting: 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 Project Consulting
Largest movements
- Cash +€46,451
up €46,451 (+83.4%), from €55,703 to €102,154
mainly Receivables within one year (+€36,060) and Net result for the year (+€27,335)
- Receivables within one year -€36,060
down €36,060 (-88.7%), from €40,643 to €4,583
of which Trade receivables: -€31,643
- Tangible fixed assets -€17,982
down €17,982 (-29.5%), from €60,889 to €42,907
of which Furniture and vehicles: -€16,399
- Debts after one year -€12,799
down €12,799 (-40.4%), from €31,713 to €18,914
- Trade debts -€12,770
down €12,770 (-97.6%), from €13,087 to €317
- Reserves +€11,684
up €11,684 (+15.0%), from €78,144 to €89,828
- Other debts +€10,373
up €10,373 (+164%), from €6,330 to €16,703
- Tax, wage and social debts -€4,520
down €4,520 (-55.8%), from €8,102 to €3,583
of which Taxes: -€4,492
- Gross operating margin +€18,464
up €18,464 (+43.5%), from €42,474 to €60,939
- Taxes +€7,733
up €7,733 (+126%), from €6,160 to €13,893
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 | €157,235 | €149,644 | -€7,591 | -4.8% |
| Fixed assets | 21/28 | €60,889 | €42,907 | -€17,982 | -29.5% |
| Tangible fixed assets | 22/27 | €60,889 | €42,907 | -€17,982 | -29.5% |
| Land and buildings | 22 | €5,690 | €5,014 | -€676 | -11.9% |
| Plant, machinery and equipment | 23 | €2,728 | €1,821 | -€907 | -33.2% |
| Furniture and vehicles | 24 | €52,472 | €36,072 | -€16,399 | -31.3% |
| Current assets | 29/58 | €96,346 | €106,737 | +€10,391 | +10.8% |
| Amounts receivable within one year | 40/41 | €40,643 | €4,583 | -€36,060 | -88.7% |
| Trade receivables | 40 | €33,674 | €2,031 | -€31,643 | -94.0% |
| Other amounts receivable | 41 | €6,969 | €2,552 | -€4,417 | -63.4% |
| Cash at bank and in hand | 54/58 | €55,703 | €102,154 | +€46,451 | +83.4% |
| Total equity and liabilities | 10/49 | €157,235 | €149,644 | -€7,591 | -4.8% |
| Equity | 10/15 | €85,644 | €97,328 | +€11,684 | +13.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €78,144 | €89,828 | +€11,684 | +15.0% |
| Distributable reserves | 133 | €78,144 | €89,828 | +€11,684 | +15.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €71,591 | €52,316 | -€19,275 | -26.9% |
| Amounts payable after more than one year | 17 | €31,713 | €18,914 | -€12,799 | -40.4% |
| Financial debts | 170/4 | €31,713 | €18,914 | -€12,799 | -40.4% |
| Amounts payable within one year | 42/48 | €39,878 | €33,401 | -€6,477 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €12,359 | €12,799 | +€440 | +3.6% |
| Trade debts | 44 | €13,087 | €317 | -€12,770 | -97.6% |
| Suppliers | 440/4 | €13,087 | €317 | -€12,770 | -97.6% |
| Taxes, remuneration and social security | 45 | €8,102 | €3,583 | -€4,520 | -55.8% |
| Taxes | 450/3 | €5,449 | €957 | -€4,492 | -82.4% |
| Remuneration and social security | 454/9 | €2,653 | €2,626 | -€27 | -1.0% |
| Other amounts payable | 47/48 | €6,330 | €16,703 | +€10,373 | +164% |
| Non-recurring operating income | 76A | €38 | €850 | +€812 | +2,137% |
| Remuneration, social security and pensions | 62 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,552 | €17,982 | +€430 | +2.4% |
| Other operating charges | 640/8 | €182 | €244 | +€62 | +34.0% |
| Gross operating margin | 9900 | €42,474 | €60,939 | +€18,464 | +43.5% |
| Operating profit (loss) | 9901 | €24,353 | €42,713 | +€18,360 | +75.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,350% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,350% |
| Financial charges | 65/66B | €1,966 | €1,485 | -€482 | -24.5% |
| Recurring financial charges | 65 | €1,966 | €1,485 | -€482 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €22,387 | €41,229 | +€18,842 | +84.2% |
| Income taxes | 67/77 | €6,160 | €13,893 | +€7,733 | +126% |
| Profit (loss) for the period | 9904 | €16,227 | €27,335 | +€11,109 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,227 | €27,335 | +€11,109 | +68.5% |
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 31 October 2026 via checked.be.