Svaldes: 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.
Svaldes
Largest movements
- Cash +€4,988
up €4,988 (+177.9%), from €2,804 to €7,792
mainly Tax, wage and social debts (+€6,682) and Net result for the year (+€2,794)
- Receivables within one year +€2,714
up €2,714 (+11.5%), from €23,598 to €26,312
of which Trade receivables: +€6,481
- Deferred charges and accrued income -€1,996
down €1,996 (-27.0%), from €7,389 to €5,393
- Tangible fixed assets +€693
new in 2025: €693
- Tax, wage and social debts +€6,682
up €6,682 (+270.3%), from €2,472 to €9,154
- Current portion of long-term debt -€3,600
down €3,600 (-55.5%), from €6,484 to €2,884
- Profit (loss) carried forward +€2,794
up €2,794 (+396.6%), from €704 to €3,498
- Trade debts +€524
up €524 (+32.0%), from €1,635 to €2,159
- Gross operating margin +€10,198
up €10,198, from -€6,842 to €3,356
- Financial charges -€1,242
down €1,242 (-90.9%), from €1,367 to €125
- Other operating charges +€393
up €393 (+101.4%), from €387 to €780
- Staff costs +€250
new in 2025: €250
- Financial income -€241
down €241 (-19.7%), from €1,221 to €981
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 | €33,791 | €40,190 | +€6,399 | +18.9% |
| Fixed assets | 21/28 | - | €693 | +€693 | |
| Tangible fixed assets | 22/27 | - | €693 | +€693 | |
| Plant, machinery and equipment | 23 | - | €693 | +€693 | |
| Current assets | 29/58 | €33,791 | €39,497 | +€5,706 | +16.9% |
| Amounts receivable within one year | 40/41 | €23,598 | €26,312 | +€2,714 | +11.5% |
| Trade receivables | 40 | €1,250 | €7,731 | +€6,481 | +518.5% |
| Other amounts receivable | 41 | €22,348 | €18,582 | -€3,767 | -16.9% |
| Cash at bank and in hand | 54/58 | €2,804 | €7,792 | +€4,988 | +177.9% |
| Deferred charges and accrued income | 490/1 | €7,389 | €5,393 | -€1,996 | -27.0% |
| Total equity and liabilities | 10/49 | €33,791 | €40,190 | +€6,399 | +18.9% |
| Equity | 10/15 | €23,200 | €25,993 | +€2,794 | +12.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,295 | €16,295 | = | 0.0% |
| Distributable reserves | 133 | €16,295 | €16,295 | = | 0.0% |
| Profit (loss) carried forward | 14 | €704 | €3,498 | +€2,794 | +396.6% |
| Amounts payable | 17/49 | €10,591 | €14,197 | +€3,605 | +34.0% |
| Amounts payable within one year | 42/48 | €10,591 | €14,197 | +€3,605 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €6,484 | €2,884 | -€3,600 | -55.5% |
| Trade debts | 44 | €1,635 | €2,159 | +€524 | +32.0% |
| Suppliers | 440/4 | €1,635 | €2,159 | +€524 | +32.0% |
| Taxes, remuneration and social security | 45 | €2,472 | €9,154 | +€6,682 | +270.3% |
| Taxes | 450/3 | €2,472 | €9,154 | +€6,682 | +270.3% |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €32 | +€32 | |
| Other operating charges | 640/8 | €387 | €780 | +€393 | +101.4% |
| Gross operating margin | 9900 | -€6,842 | €3,356 | +€10,198 | |
| Operating profit (loss) | 9901 | -€7,229 | €2,294 | +€9,523 | |
| Financial income | 75/76B | €1,221 | €981 | -€241 | -19.7% |
| Recurring financial income | 75 | €1,221 | €981 | -€241 | -19.7% |
| Financial charges | 65/66B | €1,367 | €125 | -€1,242 | -90.9% |
| Recurring financial charges | 65 | €1,367 | €125 | -€1,242 | -90.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,374 | €3,150 | +€10,525 | |
| Income taxes | 67/77 | €120 | €357 | +€237 | +197.4% |
| Profit (loss) for the period | 9904 | -€7,494 | €2,794 | +€10,288 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,494 | €2,794 | +€10,288 |
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 5 October 2026 via checked.be.