SVAAS: what changed
Two fiscal 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.
SVAAS
Largest movements
- Cash -€105,560
down €105,560 (-65.8%), from €160,462 to €54,902
mainly Contributions, distributions and other (-€122,108) and Receivables within one year (-€11,321)
- Receivables within one year +€11,321
up €11,321 (+342.6%), from €3,305 to €14,626
of which Trade receivables: +€10,382
- Tangible fixed assets -€3,050
down €3,050 (-24.5%), from €12,437 to €9,386
of which Furniture and vehicles: -€2,704
- Reserves -€102,320
down €102,320 (-65.9%), from €155,157 to €52,837
- Tax, wage and social debts +€4,438
up €4,438 (+32.2%), from €13,800 to €18,238
- Gross operating margin -€24,606
down €24,606 (-41.3%), from €59,608 to €35,002
- Taxes -€5,182
down €5,182 (-37.4%), from €13,858 to €8,677
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.
Cash bridge derived
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 | €176,586 | €79,258 | -€97,328 | -55.1% |
| Fixed assets | 21/28 | €12,437 | €9,386 | -€3,050 | -24.5% |
| Tangible fixed assets | 22/27 | €12,437 | €9,386 | -€3,050 | -24.5% |
| Plant, machinery and equipment | 23 | €645 | €298 | -€346 | -53.7% |
| Furniture and vehicles | 24 | €11,792 | €9,088 | -€2,704 | -22.9% |
| Current assets | 29/58 | €164,149 | €69,872 | -€94,278 | -57.4% |
| Amounts receivable within one year | 40/41 | €3,305 | €14,626 | +€11,321 | +342.6% |
| Trade receivables | 40 | €799 | €11,180 | +€10,382 | +1300.0% |
| Other amounts receivable | 41 | €2,506 | €3,446 | +€939 | +37.5% |
| Cash at bank and in hand | 54/58 | €160,462 | €54,902 | -€105,560 | -65.8% |
| Deferred charges and accrued income | 490/1 | €383 | €344 | -€39 | -10.1% |
| Total equity and liabilities | 10/49 | €176,586 | €79,258 | -€97,328 | -55.1% |
| Equity | 10/15 | €156,157 | €53,837 | -€102,320 | -65.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €155,157 | €52,837 | -€102,320 | -65.9% |
| Distributable reserves | 133 | €155,157 | €52,837 | -€102,320 | -65.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,429 | €25,421 | +€4,992 | +24.4% |
| Amounts payable within one year | 42/48 | €20,213 | €25,162 | +€4,949 | +24.5% |
| Trade debts | 44 | €3,354 | €2,639 | -€715 | -21.3% |
| Suppliers | 440/4 | €3,354 | €2,639 | -€715 | -21.3% |
| Taxes, remuneration and social security | 45 | €13,800 | €18,238 | +€4,438 | +32.2% |
| Taxes | 450/3 | €13,800 | €18,238 | +€4,438 | +32.2% |
| Other amounts payable | 47/48 | €3,059 | €4,284 | +€1,226 | +40.1% |
| Accrued charges and deferred income | 492/3 | €216 | €260 | +€43 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,891 | €5,224 | +€334 | +6.8% |
| Other operating charges | 640/8 | €642 | €908 | +€266 | +41.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €59,608 | €35,002 | -€24,606 | -41.3% |
| Operating profit (loss) | 9901 | €54,075 | €28,870 | -€25,205 | -46.6% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €263 | €406 | +€143 | +54.2% |
| Recurring financial charges | 65 | €263 | €406 | +€143 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €53,815 | €28,464 | -€25,351 | -47.1% |
| Income taxes | 67/77 | €13,858 | €8,677 | -€5,182 | -37.4% |
| Profit (loss) for the period | 9904 | €39,957 | €19,788 | -€20,169 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,957 | €19,788 | -€20,169 | -50.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.