Svalco: 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.
Svalco
Largest movements
- Cash +€9,790
up €9,790 (+220.3%), from €4,445 to €14,234
mainly Other debts (+€12,252) and Tax, wage and social debts (+€3,695)
- Receivables within one year +€5,111
up €5,111 (+40.9%), from €12,499 to €17,610
of which Trade receivables: +€6,067
- Current investments +€5,001
up €5,001 (+12052.5%), from €41 to €5,042
- Stocks and contracts -€3,021
down €3,021 (-21.2%), from €14,235 to €11,214
- Tangible fixed assets -€701
down €701 (-7.2%), from €9,712 to €9,010
of which Furniture and vehicles: -€452
- Other debts +€12,252
new in 2025: €12,252
- Tax, wage and social debts +€3,695
up €3,695 (+55.3%), from €6,682 to €10,377
of which Taxes: +€3,632
- Gross operating margin -€5,586
down €5,586 (-69.0%), from €8,095 to €2,510
- Taxes -€4,438
down €4,438 (-99.8%), from €4,447 to €9
- Depreciation -€1,728
down €1,728 (-71.1%), from €2,430 to €701
- Other operating charges +€655
up €655 (+128.0%), from €511 to €1,166
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 | €40,931 | €57,157 | +€16,226 | +39.6% |
| Fixed assets | 21/28 | €9,712 | €9,010 | -€701 | -7.2% |
| Tangible fixed assets | 22/27 | €9,712 | €9,010 | -€701 | -7.2% |
| Land and buildings | 22 | €664 | €470 | -€195 | -29.3% |
| Plant, machinery and equipment | 23 | €317 | €263 | -€55 | -17.3% |
| Furniture and vehicles | 24 | €8,730 | €8,278 | -€452 | -5.2% |
| Current assets | 29/58 | €31,220 | €48,147 | +€16,928 | +54.2% |
| Stocks and contracts in progress | 3 | €14,235 | €11,214 | -€3,021 | -21.2% |
| Contracts in progress | 37 | €14,235 | €11,214 | -€3,021 | -21.2% |
| Amounts receivable within one year | 40/41 | €12,499 | €17,610 | +€5,111 | +40.9% |
| Trade receivables | 40 | €11,543 | €17,610 | +€6,067 | +52.6% |
| Other amounts receivable | 41 | €955 | - | -€955 | |
| Current investments | 50/53 | €41 | €5,042 | +€5,001 | +12052.5% |
| Cash at bank and in hand | 54/58 | €4,445 | €14,234 | +€9,790 | +220.3% |
| Deferred charges and accrued income | 490/1 | - | €47 | +€47 | |
| Total equity and liabilities | 10/49 | €40,931 | €57,157 | +€16,226 | +39.6% |
| Equity | 10/15 | €33,906 | €34,446 | +€540 | +1.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €58,468 | €58,468 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €56,608 | €56,608 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,763 | -€30,223 | +€540 | +1.8% |
| Amounts payable | 17/49 | €7,026 | €22,712 | +€15,686 | +223.3% |
| Amounts payable within one year | 42/48 | €7,026 | €22,712 | +€15,686 | +223.3% |
| Financial debts | 43 | €88 | €21 | -€67 | -76.1% |
| Credit institutions | 430/8 | €88 | €21 | -€67 | -76.1% |
| Trade debts | 44 | €256 | €62 | -€194 | -75.9% |
| Suppliers | 440/4 | €256 | €62 | -€194 | -75.9% |
| Taxes, remuneration and social security | 45 | €6,682 | €10,377 | +€3,695 | +55.3% |
| Taxes | 450/3 | €4,782 | €8,414 | +€3,632 | +76.0% |
| Remuneration and social security | 454/9 | €1,900 | €1,963 | +€63 | +3.3% |
| Other amounts payable | 47/48 | - | €12,252 | +€12,252 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,430 | €701 | -€1,728 | -71.1% |
| Other operating charges | 640/8 | €511 | €1,166 | +€655 | +128.0% |
| Gross operating margin | 9900 | €8,095 | €2,510 | -€5,586 | -69.0% |
| Operating profit (loss) | 9901 | €5,154 | €642 | -€4,512 | -87.5% |
| Financial income | 75/76B | €68 | €8 | -€60 | -88.2% |
| Recurring financial income | 75 | €68 | €8 | -€60 | -88.2% |
| Financial charges | 65/66B | €118 | €101 | -€17 | -14.4% |
| Recurring financial charges | 65 | €118 | €101 | -€17 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €5,104 | €549 | -€4,555 | -89.2% |
| Income taxes | 67/77 | €4,447 | €9 | -€4,438 | -99.8% |
| Profit (loss) for the period | 9904 | €656 | €540 | -€117 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €656 | €540 | -€117 | -17.8% |
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 30 September 2026 via checked.be.