SVB Projects: 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 Projects
Largest movements
- Tangible fixed assets -€93,891
down €93,891 (-99.8%), from €94,039 to €148
of which Land and buildings: -€93,624
- Financial fixed assets +€10,832
new in 2023: €10,832
- Debts after one year -€49,020
down €49,020 (-65.6%), from €74,715 to €25,695
- Tax, wage and social debts -€28,326
down €28,326 (-76.5%), from €37,039 to €8,714
- Short-term financial debts -€10,080
down €10,080 (-99.9%), from €10,093 to €13
- Current portion of long-term debt -€5,902
down €5,902 (-44.9%), from €13,132 to €7,230
- Trade debts +€5,422
up €5,422 (+17.4%), from €31,099 to €36,521
- Turnover +€52,533
new in 2023: €52,533
- Purchases and services +€47,475
new in 2023: €47,475
- Gross operating margin -€6,426
down €6,426 (-56.0%), from €11,484 to €5,058
- Financial income -€5,845
down €5,845 (-100.0%), from €5,846 to €0
- Depreciation -€3,474
no longer reported in 2023 (was €3,474)
From the 2022 result to the 2023 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €303,580 | €219,356 | -€84,224 | -27.7% |
| Fixed assets | 21/28 | €94,039 | €10,980 | -€83,059 | -88.3% |
| Tangible fixed assets | 22/27 | €94,039 | €148 | -€93,891 | -99.8% |
| Land and buildings | 22 | €93,624 | - | -€93,624 | |
| Plant, machinery and equipment | 23 | €281 | €47 | -€234 | -83.1% |
| Furniture and vehicles | 24 | €134 | €100 | -€33 | -25.0% |
| Financial fixed assets | 28 | - | €10,832 | +€10,832 | |
| Current assets | 29/58 | €209,541 | €208,376 | -€1,165 | -0.6% |
| Amounts receivable within one year | 40/41 | €179,541 | €178,376 | -€1,165 | -0.6% |
| Trade receivables | 40 | €99,280 | €97,602 | -€1,678 | -1.7% |
| Other amounts receivable | 41 | €80,261 | €80,774 | +€513 | +0.6% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €303,580 | €219,356 | -€84,224 | -27.7% |
| Equity | 10/15 | €123,742 | €126,423 | +€2,681 | +2.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | - | €12,400 | +€12,400 | |
| Other | 1109/19 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €1,244 | €3,924 | +€2,680 | +215.4% |
| Non-distributable reserves | 130/1 | €1,244 | €1,244 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,244 | €1,244 | = | 0.0% |
| Distributable reserves | 133 | - | €2,680 | +€2,680 | |
| Profit (loss) carried forward | 14 | €110,098 | €110,099 | +€1 | 0.0% |
| Amounts payable | 17/49 | €179,838 | €92,933 | -€86,905 | -48.3% |
| Amounts payable after more than one year | 17 | €74,715 | €25,695 | -€49,020 | -65.6% |
| Financial debts | 170/4 | €74,715 | €25,695 | -€49,020 | -65.6% |
| Amounts payable within one year | 42/48 | €105,123 | €67,238 | -€37,885 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €13,132 | €7,230 | -€5,902 | -44.9% |
| Financial debts | 43 | €10,093 | €13 | -€10,080 | -99.9% |
| Credit institutions | 430/8 | €10,093 | €13 | -€10,080 | -99.9% |
| Trade debts | 44 | €31,099 | €36,521 | +€5,422 | +17.4% |
| Suppliers | 440/4 | €31,099 | €36,521 | +€5,422 | +17.4% |
| Advances received on contracts in progress | 46 | €13,760 | €14,760 | +€1,000 | +7.3% |
| Taxes, remuneration and social security | 45 | €37,039 | €8,714 | -€28,326 | -76.5% |
| Taxes | 450/3 | €37,039 | €8,714 | -€28,326 | -76.5% |
| Turnover | 70 | - | €52,533 | +€52,533 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €47,475 | +€47,475 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,474 | - | -€3,474 | |
| Other operating charges | 640/8 | - | €593 | +€593 | |
| Gross operating margin | 9900 | €11,484 | €5,058 | -€6,426 | -56.0% |
| Operating profit (loss) | 9901 | €8,010 | €4,465 | -€3,545 | -44.3% |
| Financial income | 75/76B | €5,846 | €0 | -€5,845 | -100.0% |
| Recurring financial income | 75 | €5,846 | €0 | -€5,845 | -100.0% |
| Financial charges | 65/66B | €2,813 | €438 | -€2,375 | -84.4% |
| Recurring financial charges | 65 | €2,813 | €438 | -€2,375 | -84.4% |
| Profit (loss) for the period before taxes | 9903 | €11,043 | €4,028 | -€7,015 | -63.5% |
| Income taxes | 67/77 | €2,352 | €1,347 | -€1,005 | -42.7% |
| Profit (loss) for the period | 9904 | €8,691 | €2,681 | -€6,010 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,691 | €2,681 | -€6,010 | -69.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.