SVB Law: what changed
Two financial 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 Law
Largest movements
- Cash +€448,534
up €448,534 (+145%), from €310,213 to €758,747
mainly Net result for the year (+€445,215) and Current investments (+€29,385)
- Financial fixed assets +€30,000
up €30,000 (+50.0%), from €60,000 to €90,000
- Current investments -€29,385
down €29,385 (-4.1%), from €724,171 to €694,786
- Reserves +€445,215
up €445,215 (+40.2%), from €1.1m to €1.6m
- Gross operating margin +€71,649
up €71,649 (+12.6%), from €568,232 to €639,880
- Taxes +€24,938
up €24,938 (+14.0%), from €178,478 to €203,416
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.
Derived cash bridge
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 | €1,140,168 | €1,584,093 | +€443,925 | +38.9% |
| Fixed assets | 21/28 | €102,185 | €127,688 | +€25,503 | +25.0% |
| Tangible fixed assets | 22/27 | €42,185 | €37,688 | -€4,497 | -10.7% |
| Plant, machinery and equipment | 23 | €1,144 | €754 | -€389 | -34.0% |
| Furniture and vehicles | 24 | €41,042 | €36,934 | -€4,108 | -10.0% |
| Financial fixed assets | 28 | €60,000 | €90,000 | +€30,000 | +50.0% |
| Current assets | 29/58 | €1,037,983 | €1,456,405 | +€418,422 | +40.3% |
| Amounts receivable within one year | 40/41 | €1,752 | €0 | -€1,752 | -100% |
| Trade receivables | 40 | €1,747 | €0 | -€1,747 | -100% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100% |
| Current investments | 50/53 | €724,171 | €694,786 | -€29,385 | -4.1% |
| Cash at bank and in hand | 54/58 | €310,213 | €758,747 | +€448,534 | +145% |
| Deferred charges and accrued income | 490/1 | €1,847 | €2,872 | +€1,025 | +55.5% |
| Total equity and liabilities | 10/49 | €1,140,168 | €1,584,093 | +€443,925 | +38.9% |
| Equity | 10/15 | €1,112,258 | €1,557,473 | +€445,215 | +40.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,107,258 | €1,552,473 | +€445,215 | +40.2% |
| Distributable reserves | 133 | €1,107,258 | €1,552,473 | +€445,215 | +40.2% |
| Amounts payable | 17/49 | €27,910 | €26,620 | -€1,290 | -4.6% |
| Amounts payable within one year | 42/48 | €27,910 | €26,620 | -€1,290 | -4.6% |
| Trade debts | 44 | €138 | €14 | -€124 | -89.7% |
| Suppliers | 440/4 | €138 | €14 | -€124 | -89.7% |
| Taxes, remuneration and social security | 45 | €18,829 | €15,263 | -€3,566 | -18.9% |
| Taxes | 450/3 | €18,829 | €15,263 | -€3,566 | -18.9% |
| Other amounts payable | 47/48 | €8,943 | €11,343 | +€2,400 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,497 | €4,497 | = | 0.0% |
| Other operating charges | 640/8 | €1,262 | €1,236 | -€25 | -2.0% |
| Gross operating margin | 9900 | €568,232 | €639,880 | +€71,649 | +12.6% |
| Operating profit (loss) | 9901 | €562,473 | €634,147 | +€71,674 | +12.7% |
| Financial income | 75/76B | €9,734 | €14,696 | +€4,962 | +51.0% |
| Recurring financial income | 75 | €9,734 | €14,696 | +€4,962 | +51.0% |
| Financial charges | 65/66B | €765 | €212 | -€553 | -72.3% |
| Recurring financial charges | 65 | €765 | €212 | -€553 | -72.3% |
| Profit (loss) for the period before taxes | 9903 | €571,442 | €648,631 | +€77,189 | +13.5% |
| Income taxes | 67/77 | €178,478 | €203,416 | +€24,938 | +14.0% |
| Profit (loss) for the period | 9904 | €392,964 | €445,215 | +€52,251 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €392,964 | €445,215 | +€52,251 | +13.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.