SVB: 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.
SVB
Largest movements
- Cash -€35,094
down €35,094 (-25.3%), from €138,678 to €103,584
mainly Other debts (-€221,823) and Tax, wage and social debts (-€4,588)
- Tangible fixed assets -€9,075
down €9,075 (-34.9%), from €26,023 to €16,948
of which Furniture and vehicles: -€10,537
- Receivables within one year -€4,906
down €4,906 (-14.3%), from €34,371 to €29,465
of which Other amounts receivable: -€3,599
- Other debts -€221,823
down €221,823 (-95.4%), from €232,536 to €10,713
- Debts after one year +€71,905
new in 2025: €71,905
- Contributions +€61,400
up €61,400 (+330.1%), from €18,600 to €80,000
- Profit (loss) carried forward +€25,977
up €25,977 (+43.9%), from -€59,235 to -€33,258
- Current portion of long-term debt +€18,905
new in 2025: €18,905
- Financial charges +€2,413
up €2,413 (+1352.4%), from €178 to €2,591
- Gross operating margin -€1,923
down €1,923 (-3.6%), from €52,712 to €50,790
- Taxes -€1,588
down €1,588 (-15.3%), from €10,394 to €8,806
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 | €200,571 | €152,497 | -€48,074 | -24.0% |
| Fixed assets | 21/28 | €26,023 | €16,948 | -€9,075 | -34.9% |
| Tangible fixed assets | 22/27 | €26,023 | €16,948 | -€9,075 | -34.9% |
| Plant, machinery and equipment | 23 | €4,381 | €6,785 | +€2,404 | +54.9% |
| Furniture and vehicles | 24 | €16,732 | €6,196 | -€10,537 | -63.0% |
| Other tangible fixed assets | 26 | €4,910 | €3,968 | -€942 | -19.2% |
| Current assets | 29/58 | €174,549 | €135,549 | -€39,000 | -22.3% |
| Stocks and contracts in progress | 3 | €1,500 | €2,500 | +€1,000 | +66.7% |
| Stocks | 30/36 | €1,500 | €2,500 | +€1,000 | +66.7% |
| Amounts receivable within one year | 40/41 | €34,371 | €29,465 | -€4,906 | -14.3% |
| Trade receivables | 40 | €30,084 | €28,777 | -€1,307 | -4.3% |
| Other amounts receivable | 41 | €4,287 | €688 | -€3,599 | -84.0% |
| Cash at bank and in hand | 54/58 | €138,678 | €103,584 | -€35,094 | -25.3% |
| Total equity and liabilities | 10/49 | €200,571 | €152,497 | -€48,074 | -24.0% |
| Equity | 10/15 | -€38,775 | €48,602 | +€87,377 | |
| Contributions | 10/11 | €18,600 | €80,000 | +€61,400 | +330.1% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,235 | -€33,258 | +€25,977 | +43.9% |
| Amounts payable | 17/49 | €239,347 | €103,895 | -€135,452 | -56.6% |
| Amounts payable after more than one year | 17 | - | €71,905 | +€71,905 | |
| Financial debts | 170/4 | - | €71,905 | +€71,905 | |
| Amounts payable within one year | 42/48 | €239,347 | €31,990 | -€207,357 | -86.6% |
| Current portion of amounts payable after more than one year | 42 | - | €18,905 | +€18,905 | |
| Financial debts | 43 | €23 | €0 | -€23 | -100.0% |
| Credit institutions | 430/8 | €23 | €0 | -€23 | -100.0% |
| Trade debts | 44 | €393 | €566 | +€173 | +43.9% |
| Suppliers | 440/4 | €393 | €566 | +€173 | +43.9% |
| Taxes, remuneration and social security | 45 | €6,394 | €1,806 | -€4,588 | -71.8% |
| Taxes | 450/3 | €6,394 | €1,806 | -€4,588 | -71.8% |
| Other amounts payable | 47/48 | €232,536 | €10,713 | -€221,823 | -95.4% |
| Remuneration, social security and pensions | 62 | - | €70 | +€70 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,244 | €12,678 | +€434 | +3.5% |
| Other operating charges | 640/8 | €682 | €685 | +€3 | +0.5% |
| Gross operating margin | 9900 | €52,712 | €50,790 | -€1,923 | -3.6% |
| Operating profit (loss) | 9901 | €39,786 | €37,356 | -€2,430 | -6.1% |
| Financial income | 75/76B | €13 | €18 | +€6 | +45.6% |
| Recurring financial income | 75 | €13 | €18 | +€6 | +45.6% |
| Financial charges | 65/66B | €178 | €2,591 | +€2,413 | +1352.4% |
| Recurring financial charges | 65 | €178 | €2,591 | +€2,413 | +1352.4% |
| Profit (loss) for the period before taxes | 9903 | €39,620 | €34,783 | -€4,837 | -12.2% |
| Income taxes | 67/77 | €10,394 | €8,806 | -€1,588 | -15.3% |
| Profit (loss) for the period | 9904 | €29,226 | €25,977 | -€3,249 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,226 | €25,977 | -€3,249 | -11.1% |
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.