SVDC Management: 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.
SVDC Management
Largest movements
- Cash -€59,563
down €59,563 (-71.4%), from €83,367 to €23,804
mainly Receivables within one year (-€40,528) and Other debts (-€37,290)
- Receivables within one year +€40,528
up €40,528 (+126.8%), from €31,963 to €72,490
of which Trade receivables: +€32,493
- Current investments +€29,268
up €29,268 (+19.5%), from €150,000 to €179,268
- Tangible fixed assets +€3,904
new in 2025: €3,904
- Reserves +€66,392
up €66,392 (+54.9%), from €120,844 to €187,236
- Other debts -€37,290
down €37,290 (-91.6%), from €40,710 to €3,420
- Debts after one year -€15,843
down €15,843 (-21.7%), from €72,898 to €57,055
- Gross operating margin -€33,256
down €33,256 (-25.7%), from €129,212 to €95,956
- Taxes -€12,024
down €12,024 (-32.4%), from €37,129 to €25,105
- Financial charges -€1,590
down €1,590 (-27.8%), from €5,719 to €4,129
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 | €265,330 | €279,466 | +€14,136 | +5.3% |
| Fixed assets | 21/28 | - | €3,904 | +€3,904 | |
| Tangible fixed assets | 22/27 | - | €3,904 | +€3,904 | |
| Furniture and vehicles | 24 | - | €3,904 | +€3,904 | |
| Current assets | 29/58 | €265,330 | €275,562 | +€10,232 | +3.9% |
| Amounts receivable within one year | 40/41 | €31,963 | €72,490 | +€40,528 | +126.8% |
| Trade receivables | 40 | €25,007 | €57,500 | +€32,493 | +129.9% |
| Other amounts receivable | 41 | €6,955 | €14,990 | +€8,035 | +115.5% |
| Current investments | 50/53 | €150,000 | €179,268 | +€29,268 | +19.5% |
| Cash at bank and in hand | 54/58 | €83,367 | €23,804 | -€59,563 | -71.4% |
| Total equity and liabilities | 10/49 | €265,330 | €279,466 | +€14,136 | +5.3% |
| Equity | 10/15 | €130,845 | €197,237 | +€66,392 | +50.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €120,844 | €187,236 | +€66,392 | +54.9% |
| Distributable reserves | 133 | €120,844 | €187,236 | +€66,392 | +54.9% |
| Profit (loss) carried forward | 14 | €1 | €1 | = | 0.0% |
| Amounts payable | 17/49 | €134,485 | €82,229 | -€52,256 | -38.9% |
| Amounts payable after more than one year | 17 | €72,898 | €57,055 | -€15,843 | -21.7% |
| Financial debts | 170/4 | €72,898 | €57,055 | -€15,843 | -21.7% |
| Amounts payable within one year | 42/48 | €61,587 | €25,174 | -€36,413 | -59.1% |
| Current portion of amounts payable after more than one year | 42 | €15,291 | €15,843 | +€552 | +3.6% |
| Trade debts | 44 | €811 | €2,431 | +€1,620 | +199.9% |
| Suppliers | 440/4 | €811 | €2,431 | +€1,620 | +199.9% |
| Taxes, remuneration and social security | 45 | €4,775 | €3,480 | -€1,295 | -27.1% |
| Taxes | 450/3 | €4,775 | €0 | -€4,775 | -100.0% |
| Remuneration and social security | 454/9 | - | €3,480 | +€3,480 | |
| Other amounts payable | 47/48 | €40,710 | €3,420 | -€37,290 | -91.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €128 | +€128 | |
| Other operating charges | 640/8 | €0 | €520 | +€520 | |
| Gross operating margin | 9900 | €129,212 | €95,956 | -€33,256 | -25.7% |
| Operating profit (loss) | 9901 | €129,212 | €95,308 | -€33,904 | -26.2% |
| Financial income | 75/76B | €10 | €318 | +€308 | +2979.8% |
| Recurring financial income | 75 | €10 | €318 | +€308 | +2979.8% |
| Financial charges | 65/66B | €5,719 | €4,129 | -€1,590 | -27.8% |
| Recurring financial charges | 65 | €5,719 | €4,129 | -€1,590 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €123,503 | €91,497 | -€32,006 | -25.9% |
| Income taxes | 67/77 | €37,129 | €25,105 | -€12,024 | -32.4% |
| Profit (loss) for the period | 9904 | €86,374 | €66,392 | -€19,982 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,374 | €66,392 | -€19,982 | -23.1% |
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 11 October 2026 via checked.be.