SV TERRASSEMENTS: what changed
SV TERRASSEMENTS
Largest movements
- Tangible fixed assets -€64,097
down €64,097 (-25.8%), from €248,523 to €184,426
- Receivables within one year +€18,272
up €18,272 (+23.5%), from €77,857 to €96,128
of which Trade receivables: +€37,058
- Cash -€6,911
down €6,911 (-7.5%), from €91,651 to €84,739
mainly Trade debts (-€104,167) and Contributions, distributions and other (-€38,000)
- Trade debts -€104,167
down €104,167 (-78.5%), from €132,615 to €28,448
- Current portion of long-term debt +€16,223
up €16,223 (+77.9%), from €20,826 to €37,049
- Profit (loss) carried forward +€9,916
up €9,916 (+9.3%), from €107,186 to €117,102
- Other debts +€9,895
up €9,895 (+9.4%), from €105,112 to €115,007
- Tax, wage and social debts +€8,041
up €8,041 (+82.5%), from €9,742 to €17,783
- Gross operating margin +€36,134
up €36,134 (+32.7%), from €110,511 to €146,645
- Taxes +€8,041
up €8,041 (+82.5%), from €9,742 to €17,783
- Depreciation +€7,568
up €7,568 (+10.8%), from €70,189 to €77,758
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €424,551 | €368,817 | -€55,733 | -13.1% |
| Fixed assets | 21/28 | €254,454 | €187,357 | -€67,097 | -26.4% |
| Intangible fixed assets | 21 | €5,931 | €2,931 | -€3,000 | -50.6% |
| Tangible fixed assets | 22/27 | €248,523 | €184,426 | -€64,097 | -25.8% |
| Plant, machinery and equipment | 23 | €248,523 | €184,426 | -€64,097 | -25.8% |
| Current assets | 29/58 | €170,097 | €181,460 | +€11,363 | +6.7% |
| Amounts receivable within one year | 40/41 | €77,857 | €96,128 | +€18,272 | +23.5% |
| Trade receivables | 40 | €55,779 | €92,837 | +€37,058 | +66.4% |
| Other amounts receivable | 41 | €22,078 | €3,292 | -€18,786 | -85.1% |
| Cash at bank and in hand | 54/58 | €91,651 | €84,739 | -€6,911 | -7.5% |
| Deferred charges and accrued income | 490/1 | €590 | €593 | +€3 | +0.5% |
| Total equity and liabilities | 10/49 | €424,551 | €368,817 | -€55,733 | -13.1% |
| Equity | 10/15 | €122,186 | €132,102 | +€9,916 | +8.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,186 | €117,102 | +€9,916 | +9.3% |
| Amounts payable | 17/49 | €302,365 | €236,716 | -€65,649 | -21.7% |
| Amounts payable after more than one year | 17 | €34,070 | €38,428 | +€4,358 | +12.8% |
| Financial debts | 170/4 | €34,070 | €38,428 | +€4,358 | +12.8% |
| Amounts payable within one year | 42/48 | €268,295 | €198,288 | -€70,007 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €20,826 | €37,049 | +€16,223 | +77.9% |
| Trade debts | 44 | €132,615 | €28,448 | -€104,167 | -78.5% |
| Suppliers | 440/4 | €132,615 | €28,448 | -€104,167 | -78.5% |
| Taxes, remuneration and social security | 45 | €9,742 | €17,783 | +€8,041 | +82.5% |
| Taxes | 450/3 | €9,742 | €17,783 | +€8,041 | +82.5% |
| Other amounts payable | 47/48 | €105,112 | €115,007 | +€9,895 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,189 | €77,758 | +€7,568 | +10.8% |
| Other operating charges | 640/8 | €577 | €577 | = | 0.0% |
| Gross operating margin | 9900 | €110,511 | €146,645 | +€36,134 | +32.7% |
| Operating profit (loss) | 9901 | €39,744 | €68,310 | +€28,566 | +71.9% |
| Financial charges | 65/66B | €1,303 | €2,611 | +€1,308 | +100% |
| Recurring financial charges | 65 | €1,303 | €2,442 | +€1,139 | +87.5% |
| Non-recurring financial charges | 66B | - | €169 | +€169 | |
| Profit (loss) for the period before taxes | 9903 | €38,442 | €65,700 | +€27,258 | +70.9% |
| Income taxes | 67/77 | €9,742 | €17,783 | +€8,041 | +82.5% |
| Profit (loss) for the period | 9904 | €28,700 | €47,916 | +€19,217 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,700 | €47,916 | +€19,217 | +67.0% |
Next steps
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.