SVB MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables after one year +€49,570
up €49,570 (+11.4%), from €433,911 to €483,481
- Tangible fixed assets -€45,249
down €45,249 (-4.1%), from €1.1m to €1.1m
- Other debts +€97,423
up €97,423 (+6.9%), from €1.4m to €1.5m
- Debts after one year -€83,333
down €83,333 (-31.6%), from €263,333 to €180,000
- Current portion of long-term debt -€36,942
down €36,942 (-30.7%), from €120,275 to €83,333
- Reserves +€31,232
up €31,232 (+38.9%), from €80,271 to €111,503
- Depreciation -€4,902
down €4,902 (-9.8%), from €50,150 to €45,249
- Financial charges +€2,664
up €2,664 (+7.2%), from €37,231 to €39,894
- Financial income +€2,227
up €2,227 (+9.7%), from €22,849 to €25,076
- Taxes +€1,562
up €1,562 (+14.3%), from €10,887 to €12,449
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 | €2,107,228 | €2,121,372 | +€14,144 | +0.7% |
| Fixed assets | 21/28 | €1,408,447 | €1,363,198 | -€45,249 | -3.2% |
| Tangible fixed assets | 22/27 | €1,108,447 | €1,063,198 | -€45,249 | -4.1% |
| Land and buildings | 22 | €1,108,447 | €1,063,198 | -€45,249 | -4.1% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €698,781 | €758,174 | +€59,392 | +8.5% |
| Amounts receivable after more than one year | 29 | €433,911 | €483,481 | +€49,570 | +11.4% |
| Other amounts receivable | 291 | €433,911 | €483,481 | +€49,570 | +11.4% |
| Amounts receivable within one year | 40/41 | €255,595 | €261,019 | +€5,424 | +2.1% |
| Trade receivables | 40 | €119 | €433 | +€314 | +264.3% |
| Other amounts receivable | 41 | €255,476 | €260,585 | +€5,110 | +2.0% |
| Cash at bank and in hand | 54/58 | €1,221 | €5,603 | +€4,382 | +359.0% |
| Deferred charges and accrued income | 490/1 | €8,055 | €8,071 | +€16 | +0.2% |
| Total equity and liabilities | 10/49 | €2,107,228 | €2,121,372 | +€14,144 | +0.7% |
| Equity | 10/15 | €294,497 | €325,729 | +€31,232 | +10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,271 | €111,503 | +€31,232 | +38.9% |
| Distributable reserves | 133 | €80,271 | €111,503 | +€31,232 | +38.9% |
| Profit (loss) carried forward | 14 | €195,625 | €195,625 | = | 0.0% |
| Amounts payable | 17/49 | €1,812,731 | €1,795,643 | -€17,088 | -0.9% |
| Amounts payable after more than one year | 17 | €263,333 | €180,000 | -€83,333 | -31.6% |
| Financial debts | 170/4 | €263,333 | €180,000 | -€83,333 | -31.6% |
| Amounts payable within one year | 42/48 | €1,549,398 | €1,615,643 | +€66,245 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €120,275 | €83,333 | -€36,942 | -30.7% |
| Trade debts | 44 | €6,244 | €2,276 | -€3,968 | -63.5% |
| Suppliers | 440/4 | €6,244 | €2,276 | -€3,968 | -63.5% |
| Taxes, remuneration and social security | 45 | €14,050 | €23,782 | +€9,732 | +69.3% |
| Taxes | 450/3 | €14,050 | €23,782 | +€9,732 | +69.3% |
| Other amounts payable | 47/48 | €1,408,829 | €1,506,252 | +€97,423 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,150 | €45,249 | -€4,902 | -9.8% |
| Other operating charges | 640/8 | €3,550 | €3,660 | +€110 | +3.1% |
| Gross operating margin | 9900 | €107,589 | €107,408 | -€181 | -0.2% |
| Operating profit (loss) | 9901 | €53,888 | €58,499 | +€4,611 | +8.6% |
| Financial income | 75/76B | €22,849 | €25,076 | +€2,227 | +9.7% |
| Recurring financial income | 75 | €22,849 | €25,076 | +€2,227 | +9.7% |
| Financial charges | 65/66B | €37,231 | €39,894 | +€2,664 | +7.2% |
| Recurring financial charges | 65 | €37,231 | €39,894 | +€2,664 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €39,507 | €43,681 | +€4,174 | +10.6% |
| Income taxes | 67/77 | €10,887 | €12,449 | +€1,562 | +14.3% |
| Profit (loss) for the period | 9904 | €28,620 | €31,232 | +€2,612 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,620 | €31,232 | +€2,612 | +9.1% |
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 4 October 2026 via checked.be.