SVD Services: 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.
What changed
SVD Services
NACE 33.200, Installation of industrial machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€33,730
2024 · €46,325-€12,596
Equity
€83,055
2024 · €49,325+€33,730
Cash
€87,581
2024 · €59,590+€27,992
Balance sheet total
€120,861
2024 · €97,855+€23,005
Largest movements
Assets
- Cash +€27,992
up €27,992 (+47.0%), from €59,590 to €87,581
mainly Net result for the year (+€33,730) and Depreciation (+€6,973)
- Tangible fixed assets -€4,235
down €4,235 (-14.7%), from €28,815 to €24,580
of which Furniture and vehicles: -€5,711
Equity and liabilities
- Reserves +€33,730
up €33,730 (+72.8%), from €46,325 to €80,055
of which Distributable reserves: +€33,730
- Debts after one year -€7,311
down €7,311 (-36.4%), from €20,113 to €12,801
of which Financial debts: -€7,311
- Tax, wage and social debts -€3,795
down €3,795 (-18.8%), from €20,199 to €16,405
of which Taxes: -€4,241
Income statement
- Gross operating margin -€12,878
down €12,878 (-19.1%), from €67,547 to €54,669
- Taxes -€4,241
down €4,241 (-25.1%), from €16,911 to €12,671
- Depreciation +€4,158
up €4,158 (+148%), from €2,815 to €6,973
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.
Result 2024
€46,325
Gross operating margin
-€12,878
Depreciation
-€4,158
Other operating charges
+€45
Financial charges
+€154
Taxes
+€4,241
Result 2025
€33,730
raises the resultlowers the result
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.
From operations
+€37,732
Investment
-€2,739
Financing
-€7,002
Cash 2024
€59,590
From operations (derived)
+€37,732
Net result for the year
+€33,730
Depreciation
+€6,973
Receivables within one year
+€627
Deferred charges and accrued income
+€125
Smaller working-capital items
+€72
Tax, wage and social debts
-€3,795
Investment (derived)
-€2,739
Investment in fixed assets (net)
-€2,739
Financing
-€7,002
Debts after one year
-€7,311
Current portion of long-term debt
+€309
Cash 2025
€87,581
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,855 | €120,861 | +€23,005 | +23.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €28,815 | €24,580 | -€4,235 | -14.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €28,815 | €24,580 | -€4,235 | -14.7% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €1,476 | +€1,476 | |
| Furniture and vehicles | 24 | €28,815 | €23,104 | -€5,711 | -19.8% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €69,041 | €96,281 | +€27,240 | +39.5% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €9,326 | €8,700 | -€627 | -6.7% |
| Trade receivables | 40 | €8,552 | €8,136 | -€415 | -4.9% |
| Other amounts receivable | 41 | €775 | €563 | -€211 | -27.3% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €59,590 | €87,581 | +€27,992 | +47.0% |
| Deferred charges and accrued income | 490/1 | €125 | €0 | -€125 | -100% |
| Total equity and liabilities | 10/49 | €97,855 | €120,861 | +€23,005 | +23.5% |
| Equity | 10/15 | €49,325 | €83,055 | +€33,730 | +68.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €46,325 | €80,055 | +€33,730 | +72.8% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Financial assistance | 1313 | €0 | €0 | = | |
| Other | 1319 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €0 | €0 | = | |
| Distributable reserves | 133 | €46,325 | €80,055 | +€33,730 | +72.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €48,530 | €37,806 | -€10,724 | -22.1% |
| Amounts payable after more than one year | 17 | €20,113 | €12,801 | -€7,311 | -36.4% |
| Financial debts | 170/4 | €20,113 | €12,801 | -€7,311 | -36.4% |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €28,417 | €24,989 | -€3,428 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | €7,309 | +€309 | +4.4% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €1,218 | €1,275 | +€58 | +4.7% |
| Suppliers | 440/4 | €1,218 | €1,275 | +€58 | +4.7% |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €20,199 | €16,405 | -€3,795 | -18.8% |
| Taxes | 450/3 | €16,911 | €12,671 | -€4,241 | -25.1% |
| Remuneration and social security | 454/9 | €3,288 | €3,734 | +€446 | +13.6% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €0 | €15 | +€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,815 | €6,973 | +€4,158 | +148% |
| Other operating charges | 640/8 | €204 | €159 | -€45 | -22.1% |
| Gross operating margin | 9900 | €67,547 | €54,669 | -€12,878 | -19.1% |
| Operating profit (loss) | 9901 | €64,527 | €47,537 | -€16,991 | -26.3% |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Financial charges | 65/66B | €1,291 | €1,136 | -€154 | -12.0% |
| Recurring financial charges | 65 | €1,291 | €1,136 | -€154 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €63,237 | €46,400 | -€16,836 | -26.6% |
| Income taxes | 67/77 | €16,911 | €12,671 | -€4,241 | -25.1% |
| Profit (loss) for the period | 9904 | €46,325 | €33,730 | -€12,596 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,325 | €33,730 | -€12,596 | -27.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.