SV Project Supervising: 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 Supervising
Largest movements
- Current investments +€44,000
up €44,000 (+733%), from €6,000 to €50,000
- Cash -€32,761
down €32,761 (-45.4%), from €72,199 to €39,438
mainly Investment in fixed assets (net) (-€44,078) and Current investments (-€44,000)
- Receivables within one year -€19,020
down €19,020 (-30.2%), from €62,913 to €43,894
of which Trade receivables: -€35,712
- Tangible fixed assets +€18,139
up €18,139 (+32.2%), from €56,286 to €74,425
- Reserves +€36,529
up €36,529 (+27.9%), from €130,884 to €167,413
- Current portion of long-term debt -€15,807
down €15,807 (-65.5%), from €24,128 to €8,321
- Debts after one year -€8,321
down €8,321 (-100%), from €8,321 to €0
- Gross operating margin -€28,421
down €28,421 (-25.1%), from €113,325 to €84,903
- Depreciation +€8,889
up €8,889 (+52.1%), from €17,049 to €25,939
- Taxes -€7,686
down €7,686 (-40.5%), from €18,985 to €11,299
- Financial income +€1,717
up €1,717, from €0 to €1,717
- Financial charges -€1,520
down €1,520 (-55.1%), from €2,760 to €1,239
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 | €197,398 | €207,757 | +€10,359 | +5.2% |
| Fixed assets | 21/28 | €56,286 | €74,425 | +€18,139 | +32.2% |
| Tangible fixed assets | 22/27 | €56,286 | €74,425 | +€18,139 | +32.2% |
| Furniture and vehicles | 24 | €56,286 | €74,425 | +€18,139 | +32.2% |
| Current assets | 29/58 | €141,112 | €133,332 | -€7,780 | -5.5% |
| Amounts receivable within one year | 40/41 | €62,913 | €43,894 | -€19,020 | -30.2% |
| Trade receivables | 40 | €53,198 | €17,485 | -€35,712 | -67.1% |
| Other amounts receivable | 41 | €9,716 | €26,409 | +€16,693 | +172% |
| Current investments | 50/53 | €6,000 | €50,000 | +€44,000 | +733% |
| Cash at bank and in hand | 54/58 | €72,199 | €39,438 | -€32,761 | -45.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €197,398 | €207,757 | +€10,359 | +5.2% |
| Equity | 10/15 | €135,884 | €172,413 | +€36,529 | +26.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €130,884 | €167,413 | +€36,529 | +27.9% |
| Distributable reserves | 133 | €130,884 | €167,413 | +€36,529 | +27.9% |
| Amounts payable | 17/49 | €61,514 | €35,344 | -€26,170 | -42.5% |
| Amounts payable after more than one year | 17 | €8,321 | €0 | -€8,321 | -100% |
| Financial debts | 170/4 | €8,321 | €0 | -€8,321 | -100% |
| Amounts payable within one year | 42/48 | €53,193 | €35,344 | -€17,849 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €24,128 | €8,321 | -€15,807 | -65.5% |
| Trade debts | 44 | €245 | €195 | -€49 | -20.2% |
| Suppliers | 440/4 | €245 | €195 | -€49 | -20.2% |
| Taxes, remuneration and social security | 45 | €28,820 | €26,828 | -€1,992 | -6.9% |
| Taxes | 450/3 | €28,820 | €26,828 | -€1,992 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,049 | €25,939 | +€8,889 | +52.1% |
| Other operating charges | 640/8 | €554 | €784 | +€230 | +41.6% |
| Non-recurring operating charges | 66A | - | €10,831 | +€10,831 | |
| Gross operating margin | 9900 | €113,325 | €84,903 | -€28,421 | -25.1% |
| Operating profit (loss) | 9901 | €95,722 | €47,350 | -€48,372 | -50.5% |
| Financial income | 75/76B | €0 | €1,717 | +€1,717 | |
| Recurring financial income | 75 | €0 | €1,717 | +€1,717 | |
| Financial charges | 65/66B | €2,760 | €1,239 | -€1,520 | -55.1% |
| Recurring financial charges | 65 | €2,760 | €1,239 | -€1,520 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €92,962 | €47,828 | -€45,134 | -48.6% |
| Income taxes | 67/77 | €18,985 | €11,299 | -€7,686 | -40.5% |
| Profit (loss) for the period | 9904 | €73,977 | €36,529 | -€37,448 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,977 | €36,529 | -€37,448 | -50.6% |
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 19 October 2026 via checked.be.