SVC Holding: what changed
SVC Holding
Largest movements
- Financial fixed assets +€58,500
up €58,500 (+148%), from €39,600 to €98,100
- Tangible fixed assets +€29,918
up €29,918 (+150%), from €19,882 to €49,800
- Receivables after one year -€16,500
down €16,500 (-15.8%), from €104,524 to €88,024
- Receivables within one year +€14,323
up €14,323 (+18.0%), from €79,719 to €94,042
- Cash -€4,886
down €4,886 (-64.2%), from €7,604 to €2,719
mainly Investment in fixed assets (net) (-€98,535) and Tax, wage and social debts (-€20,150)
- Debts after one year +€78,120
up €78,120 (+86.9%), from €89,860 to €167,980
- Tax, wage and social debts -€20,150
down €20,150 (-40.3%), from €50,058 to €29,908
of which Taxes: -€16,416
- Reserves +€9,334
up €9,334 (+11.7%), from €79,519 to €88,853
of which Distributable reserves: +€9,334
- Current portion of long-term debt +€7,185
new in 2024: €7,185
- Trade debts +€6,440
up €6,440 (+54.1%), from €11,894 to €18,334
- Gross operating margin -€6,371
down €6,371 (-21.1%), from €30,166 to €23,794
- Taxes -€6,116
down €6,116 (-82.9%), from €7,378 to €1,262
- Depreciation -€1,821
down €1,821 (-15.3%), from €11,938 to €10,117
- Financial charges +€1,591
up €1,591 (+714%), from €223 to €1,814
- Other operating charges +€330
up €330 (+40.5%), from €816 to €1,147
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €251,330 | €332,685 | +€81,355 | +32.4% |
| Fixed assets | 21/28 | €59,482 | €147,900 | +€88,418 | +149% |
| Tangible fixed assets | 22/27 | €19,882 | €49,800 | +€29,918 | +150% |
| Furniture and vehicles | 24 | €19,882 | €49,800 | +€29,918 | +150% |
| Financial fixed assets | 28 | €39,600 | €98,100 | +€58,500 | +148% |
| Current assets | 29/58 | €191,848 | €184,785 | -€7,063 | -3.7% |
| Amounts receivable after more than one year | 29 | €104,524 | €88,024 | -€16,500 | -15.8% |
| Other amounts receivable | 291 | €104,524 | €88,024 | -€16,500 | -15.8% |
| Amounts receivable within one year | 40/41 | €79,719 | €94,042 | +€14,323 | +18.0% |
| Other amounts receivable | 41 | €79,719 | €94,042 | +€14,323 | +18.0% |
| Cash at bank and in hand | 54/58 | €7,604 | €2,719 | -€4,886 | -64.2% |
| Total equity and liabilities | 10/49 | €251,330 | €332,685 | +€81,355 | +32.4% |
| Equity | 10/15 | €99,519 | €108,853 | +€9,334 | +9.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €79,519 | €88,853 | +€9,334 | +11.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €77,519 | €86,853 | +€9,334 | +12.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €151,812 | €223,833 | +€72,021 | +47.4% |
| Amounts payable after more than one year | 17 | €89,860 | €167,980 | +€78,120 | +86.9% |
| Other amounts payable | 178/9 | €89,860 | €167,980 | +€78,120 | +86.9% |
| Amounts payable within one year | 42/48 | €61,952 | €55,428 | -€6,524 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,185 | +€7,185 | |
| Trade debts | 44 | €11,894 | €18,334 | +€6,440 | +54.1% |
| Suppliers | 440/4 | €11,894 | €18,334 | +€6,440 | +54.1% |
| Taxes, remuneration and social security | 45 | €50,058 | €29,908 | -€20,150 | -40.3% |
| Taxes | 450/3 | €26,100 | €9,684 | -€16,416 | -62.9% |
| Remuneration and social security | 454/9 | €23,959 | €20,225 | -€3,734 | -15.6% |
| Accrued charges and deferred income | 492/3 | - | €425 | +€425 | |
| Remuneration, social security and pensions | 62 | €140 | €123 | -€17 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,938 | €10,117 | -€1,821 | -15.3% |
| Other operating charges | 640/8 | €816 | €1,147 | +€330 | +40.5% |
| Gross operating margin | 9900 | €30,166 | €23,794 | -€6,371 | -21.1% |
| Operating profit (loss) | 9901 | €17,271 | €12,407 | -€4,864 | -28.2% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €223 | €1,814 | +€1,591 | +714% |
| Recurring financial charges | 65 | €223 | €1,814 | +€1,591 | +714% |
| Profit (loss) for the period before taxes | 9903 | €17,049 | €10,596 | -€6,452 | -37.8% |
| Income taxes | 67/77 | €7,378 | €1,262 | -€6,116 | -82.9% |
| Profit (loss) for the period | 9904 | €9,671 | €9,334 | -€337 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,671 | €9,334 | -€337 | -3.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.