SVDev: 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.
SVDev
Largest movements
- Cash +€47,754
up €47,754 (+108.8%), from €43,907 to €91,660
mainly Net result for the year (+€52,382) and Trade debts (+€774)
- Receivables within one year +€2,598
up €2,598 (+20.3%), from €12,778 to €15,376
of which Trade receivables: +€2,425
- Profit (loss) carried forward +€52,382
up €52,382 (+142.1%), from €36,874 to €89,257
- Tax, wage and social debts -€3,452
down €3,452 (-20.7%), from €16,692 to €13,240
- Gross operating margin +€20,499
up €20,499 (+42.3%), from €48,444 to €68,943
- Taxes +€4,273
up €4,273 (+44.7%), from €9,561 to €13,834
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 | €58,340 | €108,477 | +€50,137 | +85.9% |
| Fixed assets | 21/28 | €1,656 | €960 | -€696 | -42.0% |
| Tangible fixed assets | 22/27 | €1,574 | €879 | -€696 | -44.2% |
| Plant, machinery and equipment | 23 | €1,574 | €879 | -€696 | -44.2% |
| Financial fixed assets | 28 | €81 | €81 | = | 0.0% |
| Current assets | 29/58 | €56,684 | €107,517 | +€50,832 | +89.7% |
| Amounts receivable within one year | 40/41 | €12,778 | €15,376 | +€2,598 | +20.3% |
| Trade receivables | 40 | €12,778 | €15,202 | +€2,425 | +19.0% |
| Other amounts receivable | 41 | - | €173 | +€173 | |
| Cash at bank and in hand | 54/58 | €43,907 | €91,660 | +€47,754 | +108.8% |
| Deferred charges and accrued income | 490/1 | - | €481 | +€481 | |
| Total equity and liabilities | 10/49 | €58,340 | €108,477 | +€50,137 | +85.9% |
| Equity | 10/15 | €38,874 | €91,257 | +€52,382 | +134.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,874 | €89,257 | +€52,382 | +142.1% |
| Amounts payable | 17/49 | €19,466 | €17,220 | -€2,245 | -11.5% |
| Amounts payable within one year | 42/48 | €19,221 | €17,220 | -€2,001 | -10.4% |
| Trade debts | 44 | €405 | €1,178 | +€774 | +191.3% |
| Suppliers | 440/4 | €405 | €1,178 | +€774 | +191.3% |
| Taxes, remuneration and social security | 45 | €16,692 | €13,240 | -€3,452 | -20.7% |
| Taxes | 450/3 | €16,692 | €13,240 | -€3,452 | -20.7% |
| Other amounts payable | 47/48 | €2,125 | €2,802 | +€677 | +31.9% |
| Accrued charges and deferred income | 492/3 | €244 | €0 | -€244 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €513 | €696 | +€183 | +35.7% |
| Other operating charges | 640/8 | €159 | €101 | -€58 | -36.6% |
| Gross operating margin | 9900 | €48,444 | €68,943 | +€20,499 | +42.3% |
| Operating profit (loss) | 9901 | €47,772 | €68,146 | +€20,375 | +42.6% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €1,336 | €1,953 | +€617 | +46.2% |
| Recurring financial charges | 65 | €1,336 | €1,953 | +€617 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | €46,435 | €66,216 | +€19,781 | +42.6% |
| Income taxes | 67/77 | €9,561 | €13,834 | +€4,273 | +44.7% |
| Profit (loss) for the period | 9904 | €36,874 | €52,382 | +€15,508 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,874 | €52,382 | +€15,508 | +42.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.