SVD 7: 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.
SVD 7
Largest movements
- Cash +€37,835
up €37,835 (+62.9%), from €60,134 to €97,969
mainly Accrued charges and deferred income (+€82,986) and Net result for the year (+€20,409)
- Receivables within one year +€12,561
up €12,561 (+76.2%), from €16,484 to €29,044
of which Trade receivables: +€12,527
- Tangible fixed assets -€8,250
down €8,250 (-48.0%), from €17,188 to €8,938
- Stocks and contracts +€3,805
up €3,805 (+2.1%), from €185,221 to €189,026
- Accrued charges and deferred income +€82,986
new in 2025: €82,986
- Other debts -€66,553
no longer reported in 2025 (was €66,553)
- Profit (loss) carried forward +€20,409
up €20,409 (+18.8%), from €108,710 to €129,120
- Tax, wage and social debts +€14,059
up €14,059 (+22.0%), from €63,787 to €77,846
of which Remuneration and social security: +€16,628
- Trade debts -€6,443
down €6,443 (-24.4%), from €26,361 to €19,917
- Staff costs +€21,866
up €21,866 (+10.3%), from €212,478 to €234,344
- Gross operating margin -€10,198
down €10,198 (-3.5%), from €295,323 to €285,125
- Taxes -€6,316
down €6,316 (-33.0%), from €19,142 to €12,826
- Other operating charges +€5,996
up €5,996 (+222%), from €2,704 to €8,699
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 | €285,871 | €330,328 | +€44,458 | +15.6% |
| Fixed assets | 21/28 | €22,251 | €13,938 | -€8,313 | -37.4% |
| Tangible fixed assets | 22/27 | €17,188 | €8,938 | -€8,250 | -48.0% |
| Furniture and vehicles | 24 | €17,188 | €8,938 | -€8,250 | -48.0% |
| Financial fixed assets | 28 | €5,063 | €5,000 | -€63 | -1.2% |
| Current assets | 29/58 | €263,620 | €316,391 | +€52,771 | +20.0% |
| Stocks and contracts in progress | 3 | €185,221 | €189,026 | +€3,805 | +2.1% |
| Stocks | 30/36 | €185,221 | €189,026 | +€3,805 | +2.1% |
| Amounts receivable within one year | 40/41 | €16,484 | €29,044 | +€12,561 | +76.2% |
| Trade receivables | 40 | €13,913 | €26,440 | +€12,527 | +90.0% |
| Other amounts receivable | 41 | €2,570 | €2,604 | +€34 | +1.3% |
| Cash at bank and in hand | 54/58 | €60,134 | €97,969 | +€37,835 | +62.9% |
| Deferred charges and accrued income | 490/1 | €1,781 | €352 | -€1,429 | -80.2% |
| Total equity and liabilities | 10/49 | €285,871 | €330,328 | +€44,458 | +15.6% |
| Equity | 10/15 | €129,170 | €149,580 | +€20,409 | +15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,710 | €129,120 | +€20,409 | +18.8% |
| Amounts payable | 17/49 | €156,700 | €180,748 | +€24,048 | +15.3% |
| Amounts payable within one year | 42/48 | €156,700 | €97,763 | -€58,937 | -37.6% |
| Trade debts | 44 | €26,361 | €19,917 | -€6,443 | -24.4% |
| Suppliers | 440/4 | €26,361 | €19,917 | -€6,443 | -24.4% |
| Taxes, remuneration and social security | 45 | €63,787 | €77,846 | +€14,059 | +22.0% |
| Taxes | 450/3 | €36,031 | €33,461 | -€2,570 | -7.1% |
| Remuneration and social security | 454/9 | €27,756 | €44,385 | +€16,628 | +59.9% |
| Other amounts payable | 47/48 | €66,553 | - | -€66,553 | |
| Accrued charges and deferred income | 492/3 | - | €82,986 | +€82,986 | |
| Remuneration, social security and pensions | 62 | €212,478 | €234,344 | +€21,866 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,250 | €8,250 | = | 0.0% |
| Other operating charges | 640/8 | €2,704 | €8,699 | +€5,996 | +222% |
| Gross operating margin | 9900 | €295,323 | €285,125 | -€10,198 | -3.5% |
| Operating profit (loss) | 9901 | €71,891 | €33,832 | -€38,060 | -52.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | +218% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +218% |
| Financial charges | 65/66B | €478 | €598 | +€120 | +25.0% |
| Recurring financial charges | 65 | €478 | €598 | +€120 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €71,414 | €33,236 | -€38,178 | -53.5% |
| Income taxes | 67/77 | €19,142 | €12,826 | -€6,316 | -33.0% |
| Profit (loss) for the period | 9904 | €52,272 | €20,409 | -€31,863 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,272 | €20,409 | -€31,863 | -61.0% |
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 19 October 2026 via checked.be.