SVB worx: 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 worx
Largest movements
- Receivables within one year +€30,238
up €30,238 (+51.9%), from €58,283 to €88,521
of which Other amounts receivable: +€32,399
- Cash +€24,237
up €24,237 (+44.4%), from €54,539 to €78,776
mainly Net result for the year (+€51,968) and Tax, wage and social debts (+€1,781)
- Reserves +€51,968
up €51,968 (+67.6%), from €76,907 to €128,875
- Tax, wage and social debts +€1,781
up €1,781 (+4.5%), from €39,315 to €41,096
of which Taxes: +€1,781
- Gross operating margin +€8,603
up €8,603 (+14.4%), from €59,551 to €68,153
- Taxes -€2,829
down €2,829 (-16.7%), from €16,949 to €14,120
- Financial income +€1,458
up €1,458 (+118%), from €1,237 to €2,695
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 | €121,251 | €174,554 | +€53,303 | +44.0% |
| Fixed assets | 21/28 | €7,824 | €6,579 | -€1,246 | -15.9% |
| Tangible fixed assets | 22/27 | €7,824 | €6,579 | -€1,246 | -15.9% |
| Land and buildings | 22 | €2,949 | €2,242 | -€707 | -24.0% |
| Plant, machinery and equipment | 23 | €4,876 | €4,337 | -€539 | -11.0% |
| Current assets | 29/58 | €113,427 | €167,976 | +€54,549 | +48.1% |
| Amounts receivable within one year | 40/41 | €58,283 | €88,521 | +€30,238 | +51.9% |
| Trade receivables | 40 | €16,682 | €14,520 | -€2,162 | -13.0% |
| Other amounts receivable | 41 | €41,601 | €74,001 | +€32,399 | +77.9% |
| Cash at bank and in hand | 54/58 | €54,539 | €78,776 | +€24,237 | +44.4% |
| Deferred charges and accrued income | 490/1 | €605 | €678 | +€73 | +12.1% |
| Total equity and liabilities | 10/49 | €121,251 | €174,554 | +€53,303 | +44.0% |
| Equity | 10/15 | €79,907 | €131,875 | +€51,968 | +65.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €76,907 | €128,875 | +€51,968 | +67.6% |
| Distributable reserves | 133 | €76,907 | €128,875 | +€51,968 | +67.6% |
| Amounts payable | 17/49 | €41,344 | €42,679 | +€1,335 | +3.2% |
| Amounts payable within one year | 42/48 | €41,344 | €42,679 | +€1,335 | +3.2% |
| Trade debts | 44 | €2,030 | €1,583 | -€446 | -22.0% |
| Suppliers | 440/4 | €2,030 | €1,583 | -€446 | -22.0% |
| Taxes, remuneration and social security | 45 | €39,315 | €41,096 | +€1,781 | +4.5% |
| Taxes | 450/3 | €36,815 | €38,596 | +€1,781 | +4.8% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €608 | €1,246 | +€637 | +105% |
| Other operating charges | 640/8 | €716 | €645 | -€72 | -10.0% |
| Gross operating margin | 9900 | €59,551 | €68,153 | +€8,603 | +14.4% |
| Operating profit (loss) | 9901 | €58,226 | €66,263 | +€8,037 | +13.8% |
| Financial income | 75/76B | €1,237 | €2,695 | +€1,458 | +118% |
| Recurring financial income | 75 | €1,237 | €2,695 | +€1,458 | +118% |
| Financial charges | 65/66B | €3,025 | €2,870 | -€155 | -5.1% |
| Recurring financial charges | 65 | €3,025 | €2,870 | -€155 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €56,438 | €66,088 | +€9,650 | +17.1% |
| Income taxes | 67/77 | €16,949 | €14,120 | -€2,829 | -16.7% |
| Profit (loss) for the period | 9904 | €39,489 | €51,968 | +€12,479 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,489 | €51,968 | +€12,479 | +31.6% |
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 28 October 2026 via checked.be.