SVC Service: what changed
SVC Service
Largest movements
- Cash -€49,492
down €49,492 (-17.1%), from €289,753 to €240,261
mainly Contributions, distributions and other (-€165,992) and Debts after one year (-€13,883)
- Tangible fixed assets -€21,248
down €21,248 (-26.5%), from €80,205 to €58,957
of which Furniture and vehicles: -€12,424
- Reserves -€52,880
down €52,880 (-28.9%), from €183,186 to €130,306
- Other debts +€16,017
up €16,017 (+8.6%), from €187,062 to €203,079
- Debts after one year -€13,883
down €13,883 (-66.4%), from €20,904 to €7,021
- Trade debts -€11,530
down €11,530 (-78.1%), from €14,759 to €3,229
- Accrued charges and deferred income -€6,001
down €6,001 (-46.1%), from €13,017 to €7,016
- Gross operating margin -€14,393
down €14,393 (-7.5%), from €192,934 to €178,541
- Taxes -€11,671
down €11,671 (-26.7%), from €43,723 to €32,052
- Financial charges -€6,830
down €6,830 (-66.8%), from €10,221 to €3,391
- Depreciation +€2,039
up €2,039 (+7.7%), from €26,454 to €28,493
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €453,516 | €381,999 | -€71,517 | -15.8% |
| Fixed assets | 21/28 | €80,205 | €58,957 | -€21,248 | -26.5% |
| Tangible fixed assets | 22/27 | €80,205 | €58,957 | -€21,248 | -26.5% |
| Plant, machinery and equipment | 23 | €42,048 | €33,224 | -€8,824 | -21.0% |
| Furniture and vehicles | 24 | €38,156 | €25,732 | -€12,424 | -32.6% |
| Current assets | 29/58 | €373,312 | €323,043 | -€50,269 | -13.5% |
| Amounts receivable within one year | 40/41 | €79,836 | €81,299 | +€1,462 | +1.8% |
| Trade receivables | 40 | €69,623 | €53,343 | -€16,279 | -23.4% |
| Other amounts receivable | 41 | €10,214 | €27,956 | +€17,742 | +174% |
| Cash at bank and in hand | 54/58 | €289,753 | €240,261 | -€49,492 | -17.1% |
| Deferred charges and accrued income | 490/1 | €3,722 | €1,483 | -€2,239 | -60.2% |
| Total equity and liabilities | 10/49 | €453,516 | €381,999 | -€71,517 | -15.8% |
| Equity | 10/15 | €185,686 | €132,806 | -€52,880 | -28.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €183,186 | €130,306 | -€52,880 | -28.9% |
| Distributable reserves | 133 | €183,186 | €130,306 | -€52,880 | -28.9% |
| Amounts payable | 17/49 | €267,830 | €249,193 | -€18,637 | -7.0% |
| Amounts payable after more than one year | 17 | €20,904 | €7,021 | -€13,883 | -66.4% |
| Financial debts | 170/4 | €20,904 | €7,021 | -€13,883 | -66.4% |
| Amounts payable within one year | 42/48 | €233,909 | €235,157 | +€1,247 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €13,674 | €13,883 | +€209 | +1.5% |
| Trade debts | 44 | €14,759 | €3,229 | -€11,530 | -78.1% |
| Suppliers | 440/4 | €14,759 | €3,229 | -€11,530 | -78.1% |
| Taxes, remuneration and social security | 45 | €18,415 | €14,966 | -€3,449 | -18.7% |
| Taxes | 450/3 | €18,415 | €14,966 | -€3,449 | -18.7% |
| Other amounts payable | 47/48 | €187,062 | €203,079 | +€16,017 | +8.6% |
| Accrued charges and deferred income | 492/3 | €13,017 | €7,016 | -€6,001 | -46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,454 | €28,493 | +€2,039 | +7.7% |
| Other operating charges | 640/8 | €1,436 | €1,493 | +€57 | +4.0% |
| Gross operating margin | 9900 | €192,934 | €178,541 | -€14,393 | -7.5% |
| Operating profit (loss) | 9901 | €165,043 | €148,555 | -€16,489 | -10.0% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €10,221 | €3,391 | -€6,830 | -66.8% |
| Recurring financial charges | 65 | €10,221 | €3,391 | -€6,830 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | €154,826 | €145,164 | -€9,662 | -6.2% |
| Income taxes | 67/77 | €43,723 | €32,052 | -€11,671 | -26.7% |
| Profit (loss) for the period | 9904 | €111,103 | €113,112 | +€2,008 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €111,103 | €113,112 | +€2,008 | +1.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.