SV-TRANS: 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-TRANS
Largest movements
- Tangible fixed assets +€465,441
up €465,441 (+209%), from €223,138 to €688,579
of which Leasing and similar rights: +€354,721
- Receivables within one year +€338,321
up €338,321 (+147%), from €229,501 to €567,822
of which Trade receivables: +€294,537
- Cash -€97,890
down €97,890 (-47.7%), from €205,383 to €107,494
mainly Investment in fixed assets (net) (-€623,303) and Receivables within one year (-€338,321)
- Deferred charges and accrued income +€47,502
new in 2025: €47,502
- Debts after one year +€219,742
up €219,742 (+203%), from €108,393 to €328,135
- Trade debts +€191,687
up €191,687 (+175%), from €109,576 to €301,263
- Other debts +€160,853
up €160,853 (+670%), from €24,000 to €184,853
- Current portion of long-term debt +€134,070
up €134,070 (+130%), from €103,446 to €237,515
- Tax, wage and social debts +€34,988
up €34,988 (+390%), from €8,978 to €43,966
of which Remuneration and social security: +€35,587
- Gross operating margin +€493,464
up €493,464 (+192%), from €257,095 to €750,559
- Staff costs +€213,035
up €213,035 (+555%), from €38,407 to €251,442
- Depreciation +€93,312
up €93,312 (+147%), from €63,384 to €156,697
- Taxes +€48,088
up €48,088 (+272%), from €17,696 to €65,784
- Other operating charges -€42,189
down €42,189 (-47.2%), from €89,303 to €47,113
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 | €658,192 | €1,412,731 | +€754,540 | +115% |
| Fixed assets | 21/28 | €223,308 | €689,914 | +€466,606 | +209% |
| Tangible fixed assets | 22/27 | €223,138 | €688,579 | +€465,441 | +209% |
| Plant, machinery and equipment | 23 | €7,258 | €5,016 | -€2,242 | -30.9% |
| Furniture and vehicles | 24 | €126,304 | €239,266 | +€112,962 | +89.4% |
| Leasing and similar rights | 25 | €89,576 | €444,297 | +€354,721 | +396% |
| Financial fixed assets | 28 | €170 | €1,335 | +€1,165 | +685% |
| Current assets | 29/58 | €434,884 | €722,818 | +€287,933 | +66.2% |
| Amounts receivable within one year | 40/41 | €229,501 | €567,822 | +€338,321 | +147% |
| Trade receivables | 40 | €199,305 | €493,842 | +€294,537 | +148% |
| Other amounts receivable | 41 | €30,196 | €73,979 | +€43,784 | +145% |
| Cash at bank and in hand | 54/58 | €205,383 | €107,494 | -€97,890 | -47.7% |
| Deferred charges and accrued income | 490/1 | - | €47,502 | +€47,502 | |
| Total equity and liabilities | 10/49 | €658,192 | €1,412,731 | +€754,540 | +115% |
| Equity | 10/15 | €302,387 | €309,743 | +€7,356 | +2.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €282,387 | €289,743 | +€7,356 | +2.6% |
| Amounts payable | 17/49 | €355,805 | €1,102,989 | +€747,184 | +210% |
| Amounts payable after more than one year | 17 | €108,393 | €328,135 | +€219,742 | +203% |
| Financial debts | 170/4 | €108,393 | €328,135 | +€219,742 | +203% |
| Amounts payable within one year | 42/48 | €246,000 | €767,598 | +€521,598 | +212% |
| Current portion of amounts payable after more than one year | 42 | €103,446 | €237,515 | +€134,070 | +130% |
| Trade debts | 44 | €109,576 | €301,263 | +€191,687 | +175% |
| Suppliers | 440/4 | €109,576 | €301,263 | +€191,687 | +175% |
| Taxes, remuneration and social security | 45 | €8,978 | €43,966 | +€34,988 | +390% |
| Taxes | 450/3 | €600 | - | -€600 | |
| Remuneration and social security | 454/9 | €8,378 | €43,966 | +€35,587 | +425% |
| Other amounts payable | 47/48 | €24,000 | €184,853 | +€160,853 | +670% |
| Accrued charges and deferred income | 492/3 | €1,412 | €7,256 | +€5,844 | +414% |
| Non-recurring operating income | 76A | €1,310 | - | -€1,310 | |
| Remuneration, social security and pensions | 62 | €38,407 | €251,442 | +€213,035 | +555% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,384 | €156,697 | +€93,312 | +147% |
| Other operating charges | 640/8 | €89,303 | €47,113 | -€42,189 | -47.2% |
| Gross operating margin | 9900 | €257,095 | €750,559 | +€493,464 | +192% |
| Operating profit (loss) | 9901 | €66,002 | €295,307 | +€229,305 | +347% |
| Financial income | 75/76B | €1,404 | €371 | -€1,033 | -73.6% |
| Recurring financial income | 75 | €1,404 | €371 | -€1,033 | -73.6% |
| Financial charges | 65/66B | €13,378 | €22,539 | +€9,161 | +68.5% |
| Recurring financial charges | 65 | €13,378 | €22,539 | +€9,161 | +68.5% |
| Profit (loss) for the period before taxes | 9903 | €54,028 | €273,140 | +€219,111 | +406% |
| Income taxes | 67/77 | €17,696 | €65,784 | +€48,088 | +272% |
| Profit (loss) for the period | 9904 | €36,333 | €207,356 | +€171,023 | +471% |
| Profit (loss) for the period to be appropriated | 9905 | €36,333 | €207,356 | +€171,023 | +471% |
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 21 October 2026 via checked.be.