SVB CONSTRUCT: 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 CONSTRUCT
Largest movements
- Tangible fixed assets +€183,894
up €183,894 (+1686.1%), from €10,907 to €194,801
of which Land and buildings: +€167,224
- Receivables within one year -€7,349
down €7,349 (-35.9%), from €20,482 to €13,133
of which Other amounts receivable: -€6,694
- Debts after one year +€138,391
up €138,391 (+11108.7%), from €1,246 to €139,637
- Other debts +€20,816
up €20,816 (+345.0%), from €6,033 to €26,849
- Current portion of long-term debt +€8,549
up €8,549 (+173.3%), from €4,934 to €13,483
- Profit (loss) carried forward +€2,346
up €2,346 (+37.5%), from €6,261 to €8,607
- Reserves +€2,224
up €2,224 (+17.0%), from €13,069 to €15,293
of which Tax-exempt reserves: +€2,224
- Gross operating margin -€12,468
down €12,468 (-33.5%), from €37,262 to €24,794
- Financial charges +€3,661
up €3,661 (+390.5%), from €937 to €4,598
- Depreciation -€2,794
down €2,794 (-21.3%), from €13,105 to €10,311
- Taxes -€744
down €744 (-19.7%), from €3,770 to €3,027
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 | €45,098 | €218,938 | +€173,840 | +385.5% |
| Fixed assets | 21/28 | €11,932 | €194,826 | +€182,894 | +1532.8% |
| Tangible fixed assets | 22/27 | €10,907 | €194,801 | +€183,894 | +1686.1% |
| Land and buildings | 22 | - | €167,224 | +€167,224 | |
| Plant, machinery and equipment | 23 | €2,101 | €1,084 | -€1,017 | -48.4% |
| Furniture and vehicles | 24 | €8,805 | €26,492 | +€17,687 | +200.9% |
| Financial fixed assets | 28 | €1,025 | €25 | -€1,000 | -97.6% |
| Current assets | 29/58 | €33,166 | €24,113 | -€9,054 | -27.3% |
| Amounts receivable within one year | 40/41 | €20,482 | €13,133 | -€7,349 | -35.9% |
| Trade receivables | 40 | €4,810 | €4,154 | -€656 | -13.6% |
| Other amounts receivable | 41 | €15,673 | €8,979 | -€6,694 | -42.7% |
| Cash at bank and in hand | 54/58 | €11,196 | €9,285 | -€1,912 | -17.1% |
| Deferred charges and accrued income | 490/1 | €1,487 | €1,695 | +€208 | +14.0% |
| Total equity and liabilities | 10/49 | €45,098 | €218,938 | +€173,840 | +385.5% |
| Equity | 10/15 | €25,531 | €30,101 | +€4,570 | +17.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,069 | €15,293 | +€2,224 | +17.0% |
| Tax-exempt reserves | 132 | €1,209 | €3,433 | +€2,224 | +183.9% |
| Distributable reserves | 133 | €11,860 | €11,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,261 | €8,607 | +€2,346 | +37.5% |
| Provisions and deferred taxes | 16 | €302 | €858 | +€556 | +183.9% |
| Deferred taxes | 168 | €302 | €858 | +€556 | +183.9% |
| Amounts payable | 17/49 | €19,265 | €187,979 | +€168,714 | +875.8% |
| Amounts payable after more than one year | 17 | €1,246 | €139,637 | +€138,391 | +11108.7% |
| Financial debts | 170/4 | €1,246 | €139,637 | +€138,391 | +11108.7% |
| Amounts payable within one year | 42/48 | €18,019 | €48,343 | +€30,323 | +168.3% |
| Current portion of amounts payable after more than one year | 42 | €4,934 | €13,483 | +€8,549 | +173.3% |
| Trade debts | 44 | €710 | €48 | -€662 | -93.3% |
| Suppliers | 440/4 | €710 | €48 | -€662 | -93.3% |
| Taxes, remuneration and social security | 45 | €6,342 | €7,962 | +€1,620 | +25.5% |
| Taxes | 450/3 | €6,342 | €7,962 | +€1,620 | +25.5% |
| Other amounts payable | 47/48 | €6,033 | €26,849 | +€20,816 | +345.0% |
| Non-recurring operating income | 76A | - | €4,133 | +€4,133 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,105 | €10,311 | -€2,794 | -21.3% |
| Other operating charges | 640/8 | €1,486 | €1,755 | +€269 | +18.1% |
| Gross operating margin | 9900 | €37,262 | €24,794 | -€12,468 | -33.5% |
| Operating profit (loss) | 9901 | €22,671 | €12,727 | -€9,944 | -43.9% |
| Financial income | 75/76B | €1 | €24 | +€23 | +2923.1% |
| Recurring financial income | 75 | €1 | €24 | +€23 | +2923.1% |
| Financial charges | 65/66B | €937 | €4,598 | +€3,661 | +390.5% |
| Recurring financial charges | 65 | €937 | €4,598 | +€3,661 | +390.5% |
| Profit (loss) for the period before taxes | 9903 | €21,734 | €8,153 | -€13,582 | -62.5% |
| Transfer from deferred taxes | 780 | €421 | €271 | -€150 | -35.7% |
| Transfer to deferred taxes | 680 | - | €827 | +€827 | |
| Income taxes | 67/77 | €3,770 | €3,027 | -€744 | -19.7% |
| Profit (loss) for the period | 9904 | €18,385 | €4,570 | -€13,815 | -75.1% |
| Transfer from tax-exempt reserves | 789 | €1,683 | €1,082 | -€601 | -35.7% |
| Transfer to tax-exempt reserves | 689 | - | €3,306 | +€3,306 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,068 | €2,346 | -€17,722 | -88.3% |
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 8 October 2026 via checked.be.