SVD: 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.
SVD
Largest movements
- Cash +€280,441
up €280,441 (+25.9%), from €1.1m to €1.4m
mainly Net result for the year (+€821,789) and Trade debts (+€101,605)
- Receivables within one year +€103,695
up €103,695 (+28.1%), from €369,631 to €473,326
of which Trade receivables: +€108,045
- Tangible fixed assets +€22,475
up €22,475 (+712.0%), from €3,156 to €25,631
of which Furniture and vehicles: +€23,871
- Reserves +€899,794
new in 2025: €899,794
- Profit (loss) carried forward -€578,005
down €578,005 (-100.0%), from €578,005 to €0
- Trade debts +€101,605
up €101,605 (+46.4%), from €218,771 to €320,377
- Tax, wage and social debts -€66,511
down €66,511 (-43.5%), from €153,040 to €86,529
of which Taxes: -€71,068
- Other debts +€51,570
up €51,570 (+11.5%), from €450,000 to €501,570
- Gross operating margin +€254,514
up €254,514 (+20.7%), from €1.2m to €1.5m
- Taxes +€62,404
up €62,404 (+27.1%), from €229,951 to €292,355
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 | €1,459,816 | €1,868,271 | +€408,454 | +28.0% |
| Fixed assets | 21/28 | €4,200 | €26,675 | +€22,475 | +535.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,156 | €25,631 | +€22,475 | +712.0% |
| Plant, machinery and equipment | 23 | €1,396 | €0 | -€1,396 | -100.0% |
| Furniture and vehicles | 24 | €1,760 | €25,631 | +€23,871 | +1356.3% |
| Financial fixed assets | 28 | €1,044 | €1,044 | = | 0.0% |
| Current assets | 29/58 | €1,455,616 | €1,841,596 | +€385,980 | +26.5% |
| Amounts receivable within one year | 40/41 | €369,631 | €473,326 | +€103,695 | +28.1% |
| Trade receivables | 40 | €361,836 | €469,881 | +€108,045 | +29.9% |
| Other amounts receivable | 41 | €7,795 | €3,444 | -€4,351 | -55.8% |
| Cash at bank and in hand | 54/58 | €1,081,881 | €1,362,323 | +€280,441 | +25.9% |
| Deferred charges and accrued income | 490/1 | €4,104 | €5,947 | +€1,844 | +44.9% |
| Total equity and liabilities | 10/49 | €1,459,816 | €1,868,271 | +€408,454 | +28.0% |
| Equity | 10/15 | €638,005 | €959,794 | +€321,789 | +50.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | - | €899,794 | +€899,794 | |
| Distributable reserves | 133 | - | €899,794 | +€899,794 | |
| Profit (loss) carried forward | 14 | €578,005 | €0 | -€578,005 | -100.0% |
| Amounts payable | 17/49 | €821,811 | €908,476 | +€86,665 | +10.5% |
| Amounts payable within one year | 42/48 | €821,811 | €908,476 | +€86,665 | +10.5% |
| Trade debts | 44 | €218,771 | €320,377 | +€101,605 | +46.4% |
| Suppliers | 440/4 | €218,771 | €320,377 | +€101,605 | +46.4% |
| Taxes, remuneration and social security | 45 | €153,040 | €86,529 | -€66,511 | -43.5% |
| Taxes | 450/3 | €114,390 | €43,322 | -€71,068 | -62.1% |
| Remuneration and social security | 454/9 | €38,650 | €43,207 | +€4,557 | +11.8% |
| Other amounts payable | 47/48 | €450,000 | €501,570 | +€51,570 | +11.5% |
| Remuneration, social security and pensions | 62 | €367,061 | €360,406 | -€6,655 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,859 | €3,632 | -€2,227 | -38.0% |
| Other operating charges | 640/8 | €921 | €1,423 | +€502 | +54.5% |
| Gross operating margin | 9900 | €1,230,854 | €1,485,368 | +€254,514 | +20.7% |
| Operating profit (loss) | 9901 | €857,013 | €1,119,906 | +€262,893 | +30.7% |
| Financial income | 75/76B | €0 | €335 | +€335 | |
| Recurring financial income | 75 | €0 | €335 | +€335 | |
| Financial charges | 65/66B | €3,998 | €6,097 | +€2,099 | +52.5% |
| Recurring financial charges | 65 | €3,998 | €6,097 | +€2,099 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | €853,015 | €1,114,145 | +€261,130 | +30.6% |
| Income taxes | 67/77 | €229,951 | €292,355 | +€62,404 | +27.1% |
| Profit (loss) for the period | 9904 | €623,064 | €821,789 | +€198,726 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €623,064 | €821,789 | +€198,726 | +31.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.