SVDE Construct: 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.
SVDE Construct
Largest movements
- Cash -€16,914
down €16,914 (-85.4%), from €19,809 to €2,894
mainly Accrued charges and deferred income (-€15,000) and Current portion of long-term debt (-€5,441)
- Tangible fixed assets -€8,145
down €8,145 (-40.6%), from €20,060 to €11,915
of which Furniture and vehicles: -€6,336
- Deferred charges and accrued income -€1,538
down €1,538 (-20.8%), from €7,385 to €5,847
- Accrued charges and deferred income -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Current portion of long-term debt -€5,441
down €5,441 (-63.8%), from €8,530 to €3,089
- Debts after one year -€3,773
down €3,773 (-100.0%), from €3,773 to €0
- Profit (loss) carried forward -€2,308
down €2,308 (-6.2%), from €37,138 to €34,830
- Gross operating margin -€20,455
down €20,455 (-67.0%), from €30,527 to €10,072
- Other operating charges +€1,980
up €1,980 (+850.1%), from €233 to €2,213
- Financial charges -€742
down €742 (-22.6%), from €3,279 to €2,537
- Financial income +€613
up €613 (+164.5%), from €372 to €985
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,742 | €44,558 | -€27,184 | -37.9% |
| Fixed assets | 21/28 | €20,060 | €11,915 | -€8,145 | -40.6% |
| Tangible fixed assets | 22/27 | €20,060 | €11,915 | -€8,145 | -40.6% |
| Plant, machinery and equipment | 23 | €7,108 | €5,299 | -€1,809 | -25.5% |
| Furniture and vehicles | 24 | €12,952 | €6,616 | -€6,336 | -48.9% |
| Current assets | 29/58 | €51,682 | €32,643 | -€19,038 | -36.8% |
| Amounts receivable within one year | 40/41 | €24,488 | €23,902 | -€586 | -2.4% |
| Trade receivables | 40 | €3,008 | €2,906 | -€102 | -3.4% |
| Other amounts receivable | 41 | €21,480 | €20,996 | -€483 | -2.3% |
| Cash at bank and in hand | 54/58 | €19,809 | €2,894 | -€16,914 | -85.4% |
| Deferred charges and accrued income | 490/1 | €7,385 | €5,847 | -€1,538 | -20.8% |
| Total equity and liabilities | 10/49 | €71,742 | €44,558 | -€27,184 | -37.9% |
| Equity | 10/15 | €42,138 | €39,830 | -€2,308 | -5.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,138 | €34,830 | -€2,308 | -6.2% |
| Amounts payable | 17/49 | €29,604 | €4,728 | -€24,876 | -84.0% |
| Amounts payable after more than one year | 17 | €3,773 | €0 | -€3,773 | -100.0% |
| Financial debts | 170/4 | €3,773 | €0 | -€3,773 | -100.0% |
| Amounts payable within one year | 42/48 | €10,832 | €4,728 | -€6,104 | -56.4% |
| Current portion of amounts payable after more than one year | 42 | €8,530 | €3,089 | -€5,441 | -63.8% |
| Trade debts | 44 | €1,636 | €1,001 | -€635 | -38.8% |
| Suppliers | 440/4 | €1,636 | €1,001 | -€635 | -38.8% |
| Taxes, remuneration and social security | 45 | €666 | €639 | -€27 | -4.1% |
| Taxes | 450/3 | €666 | €639 | -€27 | -4.1% |
| Accrued charges and deferred income | 492/3 | €15,000 | €0 | -€15,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,947 | €8,145 | +€198 | +2.5% |
| Other operating charges | 640/8 | €233 | €2,213 | +€1,980 | +850.1% |
| Non-recurring operating charges | 66A | €1,750 | €0 | -€1,750 | -100.0% |
| Gross operating margin | 9900 | €30,527 | €10,072 | -€20,455 | -67.0% |
| Operating profit (loss) | 9901 | €20,598 | -€287 | -€20,884 | |
| Financial income | 75/76B | €372 | €985 | +€613 | +164.5% |
| Recurring financial income | 75 | €372 | €985 | +€613 | +164.5% |
| Financial charges | 65/66B | €3,279 | €2,537 | -€742 | -22.6% |
| Recurring financial charges | 65 | €3,279 | €2,537 | -€742 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €17,691 | -€1,839 | -€19,530 | |
| Income taxes | 67/77 | €173 | €469 | +€296 | +171.7% |
| Profit (loss) for the period | 9904 | €17,518 | -€2,308 | -€19,826 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,518 | -€2,308 | -€19,826 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.