SVA Construct: 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.
SVA Construct
Largest movements
- Tangible fixed assets +€33,286
up €33,286 (+529%), from €6,287 to €39,573
of which Plant, machinery and equipment: +€35,443
- Receivables within one year +€13,953
up €13,953 (+56.2%), from €24,831 to €38,784
of which Trade receivables: +€11,929
- Cash +€8,050
up €8,050 (+45.4%), from €17,715 to €25,765
mainly Debts after one year (+€27,824) and Net result for the year (+€18,447)
- Debts after one year +€27,824
new in 2025: €27,824
- Profit (loss) carried forward +€18,447
up €18,447 (+90.9%), from €20,302 to €38,749
- Current portion of long-term debt +€9,204
new in 2025: €9,204
- Tax, wage and social debts -€7,350
down €7,350 (-74.4%), from €9,875 to €2,525
of which Remuneration and social security: -€3,700
- Other debts +€6,902
up €6,902 (+49.0%), from €14,086 to €20,989
- Gross operating margin +€9,070
up €9,070 (+45.0%), from €20,163 to €29,233
- Depreciation +€1,574
up €1,574 (+42.6%), from €3,692 to €5,267
- Taxes +€604
up €604 (+16.8%), from €3,593 to €4,198
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 | €50,896 | €106,081 | +€55,184 | +108% |
| Fixed assets | 21/28 | €6,287 | €39,573 | +€33,286 | +529% |
| Tangible fixed assets | 22/27 | €6,287 | €39,573 | +€33,286 | +529% |
| Plant, machinery and equipment | 23 | €969 | €36,412 | +€35,443 | +3,657% |
| Furniture and vehicles | 24 | €5,318 | €3,161 | -€2,157 | -40.6% |
| Current assets | 29/58 | €44,609 | €66,508 | +€21,899 | +49.1% |
| Amounts receivable within one year | 40/41 | €24,831 | €38,784 | +€13,953 | +56.2% |
| Trade receivables | 40 | €24,831 | €36,760 | +€11,929 | +48.0% |
| Other amounts receivable | 41 | - | €2,024 | +€2,024 | |
| Cash at bank and in hand | 54/58 | €17,715 | €25,765 | +€8,050 | +45.4% |
| Deferred charges and accrued income | 490/1 | €2,063 | €1,959 | -€104 | -5.1% |
| Total equity and liabilities | 10/49 | €50,896 | €106,081 | +€55,184 | +108% |
| Equity | 10/15 | €23,302 | €41,749 | +€18,447 | +79.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,302 | €38,749 | +€18,447 | +90.9% |
| Amounts payable | 17/49 | €27,594 | €64,332 | +€36,737 | +133% |
| Amounts payable after more than one year | 17 | - | €27,824 | +€27,824 | |
| Financial debts | 170/4 | - | €27,824 | +€27,824 | |
| Amounts payable within one year | 42/48 | €27,594 | €36,508 | +€8,914 | +32.3% |
| Current portion of amounts payable after more than one year | 42 | - | €9,204 | +€9,204 | |
| Trade debts | 44 | €3,633 | €3,791 | +€158 | +4.3% |
| Suppliers | 440/4 | €3,633 | €3,791 | +€158 | +4.3% |
| Taxes, remuneration and social security | 45 | €9,875 | €2,525 | -€7,350 | -74.4% |
| Taxes | 450/3 | €6,175 | €2,525 | -€3,650 | -59.1% |
| Remuneration and social security | 454/9 | €3,700 | - | -€3,700 | |
| Other amounts payable | 47/48 | €14,086 | €20,989 | +€6,902 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,692 | €5,267 | +€1,574 | +42.6% |
| Other operating charges | 640/8 | €551 | €566 | +€16 | +2.8% |
| Gross operating margin | 9900 | €20,163 | €29,233 | +€9,070 | +45.0% |
| Operating profit (loss) | 9901 | €15,920 | €23,400 | +€7,480 | +47.0% |
| Financial charges | 65/66B | €498 | €755 | +€257 | +51.7% |
| Recurring financial charges | 65 | €498 | €755 | +€257 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | €15,422 | €22,645 | +€7,223 | +46.8% |
| Income taxes | 67/77 | €3,593 | €4,198 | +€604 | +16.8% |
| Profit (loss) for the period | 9904 | €11,829 | €18,447 | +€6,618 | +56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,829 | €18,447 | +€6,618 | +56.0% |
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 16 October 2026 via checked.be.