SVANMEERBEEK: 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.
SVANMEERBEEK
Largest movements
- Receivables within one year -€8,005
down €8,005 (-35.3%), from €22,670 to €14,665
of which Trade receivables: -€15,670
- Reserves +€38,929
up €38,929 (+14.6%), from €266,587 to €305,516
of which Distributable reserves: +€38,929
- Debts after one year -€31,983
no longer reported in 2025 (was €31,983)
- Tax, wage and social debts -€9,582
down €9,582 (-84.3%), from €11,371 to €1,789
- Gross operating margin +€11,889
up €11,889 (+24.0%), from €49,560 to €61,449
- Taxes +€3,459
up €3,459 (+21.0%), from €16,432 to €19,891
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 | €453,302 | €444,875 | -€8,427 | -1.9% |
| Fixed assets | 21/28 | €425,660 | €426,845 | +€1,185 | +0.3% |
| Tangible fixed assets | 22/27 | €1,426 | €2,611 | +€1,185 | +83.1% |
| Land and buildings | 22 | €1,254 | €627 | -€627 | -50.0% |
| Plant, machinery and equipment | 23 | €172 | €86 | -€86 | -50.0% |
| Furniture and vehicles | 24 | - | €1,898 | +€1,898 | |
| Financial fixed assets | 28 | €424,234 | €424,234 | = | 0.0% |
| Current assets | 29/58 | €27,642 | €18,031 | -€9,611 | -34.8% |
| Amounts receivable within one year | 40/41 | €22,670 | €14,665 | -€8,005 | -35.3% |
| Trade receivables | 40 | €22,670 | €7,000 | -€15,670 | -69.1% |
| Other amounts receivable | 41 | - | €7,665 | +€7,665 | |
| Cash at bank and in hand | 54/58 | €3,044 | €1,358 | -€1,687 | -55.4% |
| Deferred charges and accrued income | 490/1 | €1,928 | €2,009 | +€81 | +4.2% |
| Total equity and liabilities | 10/49 | €453,302 | €444,875 | -€8,427 | -1.9% |
| Equity | 10/15 | €368,779 | €407,708 | +€38,929 | +10.6% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €266,587 | €305,516 | +€38,929 | +14.6% |
| Tax-exempt reserves | 132 | €65 | €65 | = | 0.0% |
| Distributable reserves | 133 | €266,523 | €305,452 | +€38,929 | +14.6% |
| Profit (loss) carried forward | 14 | €95,192 | €95,192 | +€0 | 0.0% |
| Amounts payable | 17/49 | €84,523 | €37,167 | -€47,356 | -56.0% |
| Amounts payable after more than one year | 17 | €31,983 | - | -€31,983 | |
| Financial debts | 170/4 | €31,983 | - | -€31,983 | |
| Amounts payable within one year | 42/48 | €48,515 | €37,167 | -€11,348 | -23.4% |
| Financial debts | 43 | - | €18 | +€18 | |
| Credit institutions | 430/8 | - | €18 | +€18 | |
| Trade debts | 44 | €2,061 | €278 | -€1,784 | -86.5% |
| Suppliers | 440/4 | €2,061 | €278 | -€1,784 | -86.5% |
| Taxes, remuneration and social security | 45 | €11,371 | €1,789 | -€9,582 | -84.3% |
| Taxes | 450/3 | €11,371 | €1,789 | -€9,582 | -84.3% |
| Other amounts payable | 47/48 | €35,083 | €35,083 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,025 | - | -€4,025 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €713 | €765 | +€52 | +7.3% |
| Other operating charges | 640/8 | €1,895 | €1,749 | -€146 | -7.7% |
| Gross operating margin | 9900 | €49,560 | €61,449 | +€11,889 | +24.0% |
| Operating profit (loss) | 9901 | €46,953 | €58,935 | +€11,982 | +25.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +660.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +660.0% |
| Financial charges | 65/66B | €489 | €116 | -€374 | -76.3% |
| Recurring financial charges | 65 | €489 | €116 | -€374 | -76.3% |
| Profit (loss) for the period before taxes | 9903 | €46,463 | €58,820 | +€12,356 | +26.6% |
| Income taxes | 67/77 | €16,432 | €19,891 | +€3,459 | +21.0% |
| Profit (loss) for the period | 9904 | €30,032 | €38,929 | +€8,898 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,032 | €38,929 | +€8,898 | +29.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.