SVD-Solutions: what changed
What changed
SVD-Solutions
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€2,081
2024 · €117,015-€114,934
Equity
€533,837
2024 · €531,756+€2,081
Cash
€255,368
2024 · €274,398-€19,030
Balance sheet total
€1.2m
2024 · €1.1m+€81,787
Largest movements
Assets
- Stocks and contracts +€35,241
up €35,241 (+32.8%), from €107,364 to €142,605
- Receivables within one year +€34,646
up €34,646 (+12.2%), from €283,308 to €317,954
of which Trade receivables: +€32,172
- Cash -€19,030
down €19,030 (-6.9%), from €274,398 to €255,368
mainly Investment in fixed assets (net) (-€38,265) and Stocks and contracts (-€35,241)
- Deferred charges and accrued income +€16,419
up €16,419 (+130%), from €12,602 to €29,021
Equity and liabilities
- Tax, wage and social debts +€54,824
up €54,824 (+107%), from €51,268 to €106,092
of which Remuneration and social security: +€41,265
- Trade debts +€28,397
up €28,397 (+11.5%), from €246,984 to €275,381
Income statement
- Gross operating margin -€137,971
down €137,971 (-20.9%), from €661,497 to €523,526
- Staff costs +€93,551
up €93,551 (+24.5%), from €381,764 to €475,316
- Write-downs -€77,043
down €77,043, from €49,827 to -€27,215
- Taxes -€36,712
down €36,712 (-77.3%), from €47,493 to €10,780
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.
Result 2024
€117,015
Gross operating margin
-€137,971
Staff costs
-€93,551
Depreciation
-€2,336
Write-downs
+€77,043
Other operating charges
+€5,049
Financial income
-€50
Financial charges
+€169
Taxes
+€36,712
Result 2025
€2,081
raises the resultlowers the result
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.
From operations
+€23,866
Investment
-€38,265
Financing
-€4,632
Cash 2024
€274,398
From operations (derived)
+€23,866
Net result for the year
+€2,081
Depreciation
+€31,567
Receivables after one year
-€7,813
Stocks and contracts
-€35,241
Receivables within one year
-€34,646
Deferred charges and accrued income
-€16,419
Trade debts
+€28,397
Tax, wage and social debts
+€54,824
Other debts
-€404
Accrued charges and deferred income
+€1,521
Investment (derived)
-€38,265
Investment in fixed assets (net)
-€38,265
Financing
-€4,632
Debts after one year
-€11,097
Current portion of long-term debt
+€6,465
Cash 2025
€255,368
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,100,001 | €1,181,788 | +€81,787 | +7.4% |
| Fixed assets | 21/28 | €422,329 | €429,027 | +€6,698 | +1.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €422,274 | €428,972 | +€6,698 | +1.6% |
| Land and buildings | 22 | €365,092 | €352,297 | -€12,795 | -3.5% |
| Plant, machinery and equipment | 23 | €162 | €34 | -€128 | -79.0% |
| Furniture and vehicles | 24 | €57,019 | €76,641 | +€19,621 | +34.4% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €677,672 | €752,761 | +€75,089 | +11.1% |
| Amounts receivable after more than one year | 29 | - | €7,813 | +€7,813 | |
| Other amounts receivable | 291 | - | €7,813 | +€7,813 | |
| Stocks and contracts in progress | 3 | €107,364 | €142,605 | +€35,241 | +32.8% |
| Stocks | 30/36 | €107,364 | €142,605 | +€35,241 | +32.8% |
| Amounts receivable within one year | 40/41 | €283,308 | €317,954 | +€34,646 | +12.2% |
| Trade receivables | 40 | €242,891 | €275,063 | +€32,172 | +13.2% |
| Other amounts receivable | 41 | €40,417 | €42,891 | +€2,474 | +6.1% |
| Cash at bank and in hand | 54/58 | €274,398 | €255,368 | -€19,030 | -6.9% |
| Deferred charges and accrued income | 490/1 | €12,602 | €29,021 | +€16,419 | +130% |
| Total equity and liabilities | 10/49 | €1,100,001 | €1,181,788 | +€81,787 | +7.4% |
| Equity | 10/15 | €531,756 | €533,837 | +€2,081 | +0.4% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €475,000 | €478,037 | +€3,037 | +0.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €475,000 | €478,037 | +€3,037 | +0.6% |
| Profit (loss) carried forward | 14 | €956 | €0 | -€956 | -100% |
| Amounts payable | 17/49 | €568,245 | €647,952 | +€79,706 | +14.0% |
| Amounts payable after more than one year | 17 | €235,259 | €224,163 | -€11,097 | -4.7% |
| Financial debts | 170/4 | €235,259 | €224,163 | -€11,097 | -4.7% |
| Amounts payable within one year | 42/48 | €332,986 | €422,268 | +€89,282 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €34,330 | €40,795 | +€6,465 | +18.8% |
| Trade debts | 44 | €246,984 | €275,381 | +€28,397 | +11.5% |
| Suppliers | 440/4 | €246,984 | €275,381 | +€28,397 | +11.5% |
| Taxes, remuneration and social security | 45 | €51,268 | €106,092 | +€54,824 | +107% |
| Taxes | 450/3 | €117 | €13,676 | +€13,559 | +11,586% |
| Remuneration and social security | 454/9 | €51,151 | €92,416 | +€41,265 | +80.7% |
| Other amounts payable | 47/48 | €404 | €0 | -€404 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,521 | +€1,521 | |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €381,764 | €475,316 | +€93,551 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,231 | €31,567 | +€2,336 | +8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €49,827 | -€27,215 | -€77,043 | |
| Other operating charges | 640/8 | €25,107 | €20,058 | -€5,049 | -20.1% |
| Gross operating margin | 9900 | €661,497 | €523,526 | -€137,971 | -20.9% |
| Operating profit (loss) | 9901 | €175,567 | €23,801 | -€151,766 | -86.4% |
| Financial income | 75/76B | €64 | €14 | -€50 | -77.5% |
| Recurring financial income | 75 | €64 | €14 | -€50 | -77.5% |
| Financial charges | 65/66B | €11,123 | €10,954 | -€169 | -1.5% |
| Recurring financial charges | 65 | €11,123 | €10,954 | -€169 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €164,508 | €12,862 | -€151,646 | -92.2% |
| Income taxes | 67/77 | €47,493 | €10,780 | -€36,712 | -77.3% |
| Profit (loss) for the period | 9904 | €117,015 | €2,081 | -€114,934 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €117,015 | €2,081 | -€114,934 | -98.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 3 November 2026 via checked.be.