SVC-PROJECTS: 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.
SVC-PROJECTS
Largest movements
- Cash -€17,914
down €17,914 (-80.2%), from €22,348 to €4,434
mainly Trade debts (-€19,538) and Debts after one year (-€7,266)
- Tangible fixed assets -€12,718
down €12,718 (-40.5%), from €31,425 to €18,706
of which Furniture and vehicles: -€10,248
- Trade debts -€19,538
down €19,538 (-84.1%), from €23,245 to €3,707
- Debts after one year -€7,266
down €7,266 (-46.7%), from €15,557 to €8,290
- Other debts -€2,490
down €2,490 (-98.6%), from €2,526 to €36
- Current portion of long-term debt -€1,756
down €1,756 (-19.5%), from €9,023 to €7,266
- Gross operating margin +€10,135
up €10,135 (+142.6%), from €7,106 to €17,241
- Other operating charges +€2,515
up €2,515 (+410.1%), from €613 to €3,128
- Depreciation -€1,376
down €1,376 (-9.8%), from €14,094 to €12,718
- Financial charges -€750
down €750 (-38.5%), from €1,948 to €1,198
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 | €65,103 | €34,248 | -€30,854 | -47.4% |
| Fixed assets | 21/28 | €31,425 | €18,706 | -€12,718 | -40.5% |
| Tangible fixed assets | 22/27 | €31,425 | €18,706 | -€12,718 | -40.5% |
| Plant, machinery and equipment | 23 | €5,678 | €4,021 | -€1,658 | -29.2% |
| Furniture and vehicles | 24 | €23,874 | €13,626 | -€10,248 | -42.9% |
| Other tangible fixed assets | 26 | €1,873 | €1,060 | -€813 | -43.4% |
| Current assets | 29/58 | €33,678 | €15,542 | -€18,136 | -53.9% |
| Amounts receivable within one year | 40/41 | €10,740 | €10,495 | -€245 | -2.3% |
| Trade receivables | 40 | €7,574 | €10,090 | +€2,516 | +33.2% |
| Other amounts receivable | 41 | €3,167 | €405 | -€2,761 | -87.2% |
| Cash at bank and in hand | 54/58 | €22,348 | €4,434 | -€17,914 | -80.2% |
| Deferred charges and accrued income | 490/1 | €590 | €613 | +€24 | +4.0% |
| Total equity and liabilities | 10/49 | €65,103 | €34,248 | -€30,854 | -47.4% |
| Equity | 10/15 | €14,696 | €14,893 | +€197 | +1.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,696 | €11,893 | +€197 | +1.7% |
| Distributable reserves | 133 | €11,696 | €11,893 | +€197 | +1.7% |
| Amounts payable | 17/49 | €50,406 | €19,355 | -€31,051 | -61.6% |
| Amounts payable after more than one year | 17 | €15,557 | €8,290 | -€7,266 | -46.7% |
| Financial debts | 170/4 | €15,557 | €8,290 | -€7,266 | -46.7% |
| Amounts payable within one year | 42/48 | €34,850 | €11,065 | -€23,785 | -68.2% |
| Current portion of amounts payable after more than one year | 42 | €9,023 | €7,266 | -€1,756 | -19.5% |
| Trade debts | 44 | €23,245 | €3,707 | -€19,538 | -84.1% |
| Suppliers | 440/4 | €23,245 | €3,707 | -€19,538 | -84.1% |
| Taxes, remuneration and social security | 45 | €55 | €55 | = | 0.0% |
| Taxes | 450/3 | €55 | €55 | = | 0.0% |
| Other amounts payable | 47/48 | €2,526 | €36 | -€2,490 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,094 | €12,718 | -€1,376 | -9.8% |
| Other operating charges | 640/8 | €613 | €3,128 | +€2,515 | +410.1% |
| Gross operating margin | 9900 | €7,106 | €17,241 | +€10,135 | +142.6% |
| Operating profit (loss) | 9901 | -€7,602 | €1,395 | +€8,997 | |
| Financial income | 75/76B | €33 | - | -€33 | |
| Recurring financial income | 75 | €33 | - | -€33 | |
| Financial charges | 65/66B | €1,948 | €1,198 | -€750 | -38.5% |
| Recurring financial charges | 65 | €1,948 | €1,198 | -€750 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,517 | €197 | +€9,713 | |
| Profit (loss) for the period | 9904 | -€9,517 | €197 | +€9,713 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,517 | €197 | +€9,713 |
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.