SVA GROUP: 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 GROUP
Largest movements
- Receivables within one year +€92,012
up €92,012 (+634%), from €14,509 to €106,522
of which Trade receivables: +€92,520
- Cash -€81,413
down €81,413 (-48.6%), from €167,627 to €86,214
mainly Receivables within one year (-€92,012) and Contributions, distributions and other (-€70,000)
- Other debts +€20,000
up €20,000 (+39.2%), from €50,989 to €70,989
- Trade debts -€15,725
down €15,725 (-39.4%), from €39,885 to €24,160
- Short-term financial debts +€5,000
up €5,000 (+16.7%), from €30,000 to €35,000
- Accrued charges and deferred income -€4,320
no longer reported in 2025 (was €4,320)
- Tax, wage and social debts +€4,076
up €4,076 (+28.6%), from €14,253 to €18,329
- Gross operating margin +€95,538
up €95,538 (+32.6%), from €293,054 to €388,592
- Staff costs +€88,011
up €88,011 (+43.7%), from €201,399 to €289,411
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 | €185,845 | €196,358 | +€10,512 | +5.7% |
| Fixed assets | 21/28 | €1,266 | €697 | -€569 | -44.9% |
| Tangible fixed assets | 22/27 | €1,266 | €697 | -€569 | -44.9% |
| Plant, machinery and equipment | 23 | €163 | - | -€163 | |
| Furniture and vehicles | 24 | €1,103 | €697 | -€406 | -36.8% |
| Current assets | 29/58 | €184,580 | €195,661 | +€11,081 | +6.0% |
| Amounts receivable within one year | 40/41 | €14,509 | €106,522 | +€92,012 | +634% |
| Trade receivables | 40 | - | €92,520 | +€92,520 | |
| Other amounts receivable | 41 | €14,509 | €14,002 | -€508 | -3.5% |
| Cash at bank and in hand | 54/58 | €167,627 | €86,214 | -€81,413 | -48.6% |
| Deferred charges and accrued income | 490/1 | €2,444 | €2,925 | +€482 | +19.7% |
| Total equity and liabilities | 10/49 | €185,845 | €196,358 | +€10,512 | +5.7% |
| Equity | 10/15 | €46,399 | €47,880 | +€1,481 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,699 | €29,180 | +€1,481 | +5.3% |
| Amounts payable | 17/49 | €139,446 | €148,478 | +€9,031 | +6.5% |
| Amounts payable within one year | 42/48 | €135,126 | €148,478 | +€13,351 | +9.9% |
| Financial debts | 43 | €30,000 | €35,000 | +€5,000 | +16.7% |
| Credit institutions | 430/8 | €30,000 | €35,000 | +€5,000 | +16.7% |
| Trade debts | 44 | €39,885 | €24,160 | -€15,725 | -39.4% |
| Suppliers | 440/4 | €39,885 | €24,160 | -€15,725 | -39.4% |
| Taxes, remuneration and social security | 45 | €14,253 | €18,329 | +€4,076 | +28.6% |
| Remuneration and social security | 454/9 | €14,253 | €18,329 | +€4,076 | +28.6% |
| Other amounts payable | 47/48 | €50,989 | €70,989 | +€20,000 | +39.2% |
| Accrued charges and deferred income | 492/3 | €4,320 | - | -€4,320 | |
| Remuneration, social security and pensions | 62 | €201,399 | €289,411 | +€88,011 | +43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €401 | €569 | +€168 | +41.9% |
| Other operating charges | 640/8 | €522 | €584 | +€62 | +11.8% |
| Gross operating margin | 9900 | €293,054 | €388,592 | +€95,538 | +32.6% |
| Operating profit (loss) | 9901 | €90,731 | €98,029 | +€7,297 | +8.0% |
| Financial income | 75/76B | €140 | €360 | +€219 | +156% |
| Recurring financial income | 75 | €140 | €360 | +€219 | +156% |
| Financial charges | 65/66B | €603 | €1,359 | +€756 | +125% |
| Recurring financial charges | 65 | €603 | €1,359 | +€756 | +125% |
| Profit (loss) for the period before taxes | 9903 | €90,269 | €97,029 | +€6,761 | +7.5% |
| Income taxes | 67/77 | €23,813 | €25,548 | +€1,735 | +7.3% |
| Profit (loss) for the period | 9904 | €66,455 | €71,481 | +€5,026 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €66,455 | €71,481 | +€5,026 | +7.6% |
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 14 October 2026 via checked.be.