SV Renovations: what changed
What changed
SV Renovations
NACE 43.350, Other building finishing work
filed annual accounts (NBB)
Net result for the year
-€3,800
2024 · €37,897-€41,697
Equity
€53,235
2024 · €57,035-€3,800
Cash
€1,212
2024 · €523+€689
Balance sheet total
€82,195
2024 · €108,670-€26,475
Largest movements
Assets
- Receivables within one year -€26,477
down €26,477 (-26.1%), from €101,448 to €74,970
of which Other amounts receivable: -€36,713
Equity and liabilities
- Tax, wage and social debts -€14,342
down €14,342 (-88.6%), from €16,183 to €1,841
- Trade debts -€10,802
down €10,802 (-50.1%), from €21,566 to €10,764
- Profit (loss) carried forward -€3,800
down €3,800, from €2,035 to -€1,765
- Other debts +€3,118
up €3,118 (+23.6%), from €13,237 to €16,355
Income statement
- Gross operating margin -€54,703
down €54,703, from €52,747 to -€1,956
- Taxes -€10,173
down €10,173 (-98.7%), from €10,303 to €131
- Financial charges -€1,438
down €1,438 (-46.6%), from €3,082 to €1,644
- Financial income +€1,371
up €1,371 (+625%), from €219 to €1,591
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
€37,897
Gross operating margin
-€54,703
Depreciation
-€9
Other operating charges
+€33
Financial income
+€1,371
Financial charges
+€1,438
Taxes
+€10,173
Result 2025
-€3,800
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
+€1,179
Investment
-€490
Financing
€0
Cash 2024
€523
From operations (derived)
+€1,179
Net result for the year
-€3,800
Depreciation
+€902
Receivables within one year
+€26,477
Deferred charges and accrued income
+€274
Trade debts
-€10,802
Tax, wage and social debts
-€14,342
Other debts
+€3,118
Accrued charges and deferred income
-€649
Investment (derived)
-€490
Investment in fixed assets (net)
-€490
Cash 2025
€1,212
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,670 | €82,195 | -€26,475 | -24.4% |
| Fixed assets | 21/28 | €2,836 | €2,423 | -€413 | -14.6% |
| Tangible fixed assets | 22/27 | €2,836 | €2,423 | -€413 | -14.6% |
| Plant, machinery and equipment | 23 | €855 | €571 | -€284 | -33.2% |
| Furniture and vehicles | 24 | €1,981 | €1,852 | -€129 | -6.5% |
| Current assets | 29/58 | €105,834 | €79,772 | -€26,062 | -24.6% |
| Amounts receivable within one year | 40/41 | €101,448 | €74,970 | -€26,477 | -26.1% |
| Trade receivables | 40 | €18,948 | €29,183 | +€10,235 | +54.0% |
| Other amounts receivable | 41 | €82,500 | €45,787 | -€36,713 | -44.5% |
| Cash at bank and in hand | 54/58 | €523 | €1,212 | +€689 | +132% |
| Deferred charges and accrued income | 490/1 | €3,864 | €3,590 | -€274 | -7.1% |
| Total equity and liabilities | 10/49 | €108,670 | €82,195 | -€26,475 | -24.4% |
| Equity | 10/15 | €57,035 | €53,235 | -€3,800 | -6.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,035 | -€1,765 | -€3,800 | |
| Amounts payable | 17/49 | €51,635 | €28,960 | -€22,675 | -43.9% |
| Amounts payable within one year | 42/48 | €50,986 | €28,960 | -€22,026 | -43.2% |
| Trade debts | 44 | €21,566 | €10,764 | -€10,802 | -50.1% |
| Suppliers | 440/4 | €21,566 | €10,764 | -€10,802 | -50.1% |
| Taxes, remuneration and social security | 45 | €16,183 | €1,841 | -€14,342 | -88.6% |
| Taxes | 450/3 | €16,183 | €1,841 | -€14,342 | -88.6% |
| Other amounts payable | 47/48 | €13,237 | €16,355 | +€3,118 | +23.6% |
| Accrued charges and deferred income | 492/3 | €649 | - | -€649 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €894 | €902 | +€9 | +1.0% |
| Other operating charges | 640/8 | €790 | €757 | -€33 | -4.2% |
| Gross operating margin | 9900 | €52,747 | -€1,956 | -€54,703 | |
| Operating profit (loss) | 9901 | €51,063 | -€3,615 | -€54,679 | |
| Financial income | 75/76B | €219 | €1,591 | +€1,371 | +625% |
| Recurring financial income | 75 | €219 | €1,591 | +€1,371 | +625% |
| Financial charges | 65/66B | €3,082 | €1,644 | -€1,438 | -46.6% |
| Recurring financial charges | 65 | €3,082 | €1,644 | -€1,438 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €48,201 | -€3,669 | -€51,870 | |
| Income taxes | 67/77 | €10,303 | €131 | -€10,173 | -98.7% |
| Profit (loss) for the period | 9904 | €37,897 | -€3,800 | -€41,697 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,897 | -€3,800 | -€41,697 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.