SVASTA DEVELOPMENT: 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.
SVASTA DEVELOPMENT
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+1717.8%), from €70,412 to €1.3m
of which Land and buildings: +€1.2m
- Receivables within one year -€289,723
down €289,723 (-87.2%), from €332,397 to €42,674
of which Trade receivables: -€283,663
- Cash -€72,771
no longer reported in 2025 (was €72,771)
mainly Investment in fixed assets (net) (-€1.2m) and Trade debts (-€102,168)
- Deferred charges and accrued income -€24,004
down €24,004 (-54.5%), from €44,017 to €20,013
- Intangible fixed assets +€18,220
up €18,220 (+136.3%), from €13,364 to €31,583
- Debts after one year +€912,534
new in 2025: €912,534
- Trade debts -€102,168
down €102,168 (-89.2%), from €114,534 to €12,366
- Other debts +€95,557
up €95,557 (+24.8%), from €384,818 to €480,374
- Profit (loss) carried forward -€85,506
down €85,506, from €32,067 to -€53,439
- Current portion of long-term debt +€18,863
new in 2025: €18,863
- Purchases and services +€97,977
up €97,977 (+31.5%), from €310,985 to €408,962
- Financial charges +€77,785
up €77,785 (+1562.9%), from €4,977 to €82,762
- Turnover +€75,453
up €75,453 (+21.1%), from €358,152 to €433,605
- Depreciation +€28,217
up €28,217 (+2163.9%), from €1,304 to €29,521
- Gross operating margin -€19,788
down €19,788 (-42.0%), from €47,167 to €27,379
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 | €549,435 | €1,380,698 | +€831,263 | +151.3% |
| Fixed assets | 21/28 | €93,775 | €1,311,535 | +€1.2m | +1298.6% |
| Intangible fixed assets | 21 | €13,364 | €31,583 | +€18,220 | +136.3% |
| Tangible fixed assets | 22/27 | €70,412 | €1,279,952 | +€1.2m | +1717.8% |
| Land and buildings | 22 | - | €1,172,535 | +€1.2m | |
| Plant, machinery and equipment | 23 | €55,939 | €48,349 | -€7,590 | -13.6% |
| Furniture and vehicles | 24 | €14,473 | €59,068 | +€44,595 | +308.1% |
| Financial fixed assets | 28 | €10,000 | - | -€10,000 | |
| Current assets | 29/58 | €455,660 | €69,162 | -€386,497 | -84.8% |
| Stocks and contracts in progress | 3 | €6,475 | €6,475 | = | 0.0% |
| Stocks | 30/36 | €6,475 | €6,475 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €332,397 | €42,674 | -€289,723 | -87.2% |
| Trade receivables | 40 | €322,021 | €38,358 | -€283,663 | -88.1% |
| Other amounts receivable | 41 | €10,376 | €4,316 | -€6,060 | -58.4% |
| Cash at bank and in hand | 54/58 | €72,771 | - | -€72,771 | |
| Deferred charges and accrued income | 490/1 | €44,017 | €20,013 | -€24,004 | -54.5% |
| Total equity and liabilities | 10/49 | €549,435 | €1,380,698 | +€831,263 | +151.3% |
| Equity | 10/15 | €42,067 | -€43,439 | -€85,506 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,067 | -€53,439 | -€85,506 | |
| Amounts payable | 17/49 | €507,368 | €1,424,137 | +€916,768 | +180.7% |
| Amounts payable after more than one year | 17 | - | €912,534 | +€912,534 | |
| Financial debts | 170/4 | - | €912,534 | +€912,534 | |
| Amounts payable within one year | 42/48 | €507,368 | €511,603 | +€4,235 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | - | €18,863 | +€18,863 | |
| Trade debts | 44 | €114,534 | €12,366 | -€102,168 | -89.2% |
| Suppliers | 440/4 | €114,534 | €12,366 | -€102,168 | -89.2% |
| Taxes, remuneration and social security | 45 | €8,017 | - | -€8,017 | |
| Taxes | 450/3 | €8,017 | - | -€8,017 | |
| Other amounts payable | 47/48 | €384,818 | €480,374 | +€95,557 | +24.8% |
| Turnover | 70 | €358,152 | €433,605 | +€75,453 | +21.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €310,985 | €408,962 | +€97,977 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,304 | €29,521 | +€28,217 | +2163.9% |
| Other operating charges | 640/8 | €802 | €824 | +€21 | +2.7% |
| Gross operating margin | 9900 | €47,167 | €27,379 | -€19,788 | -42.0% |
| Operating profit (loss) | 9901 | €45,061 | -€2,965 | -€48,026 | |
| Financial income | 75/76B | - | €221 | +€221 | |
| Recurring financial income | 75 | - | €221 | +€221 | |
| Financial charges | 65/66B | €4,977 | €82,762 | +€77,785 | +1562.9% |
| Recurring financial charges | 65 | €4,977 | €82,762 | +€77,785 | +1562.9% |
| Profit (loss) for the period before taxes | 9903 | €40,084 | -€85,506 | -€125,589 | |
| Income taxes | 67/77 | €8,017 | - | -€8,017 | |
| Profit (loss) for the period | 9904 | €32,067 | -€85,506 | -€117,573 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,067 | -€85,506 | -€117,573 |
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 7 October 2026 via checked.be.