SVDF CONSTRUCT: 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.
SVDF CONSTRUCT
Largest movements
- Tangible fixed assets +€34,639
up €34,639 (+1013.3%), from €3,418 to €38,057
of which Furniture and vehicles: +€32,252
- Receivables within one year -€20,993
down €20,993 (-34.8%), from €60,332 to €39,339
of which Trade receivables: -€15,823
- Debts after one year +€18,842
new in 2025: €18,842
- Profit (loss) carried forward -€11,381
down €11,381 (-24.1%), from €47,228 to €35,847
- Trade debts +€7,052
up €7,052 (+20740.3%), from €34 to €7,086
- Tax, wage and social debts -€4,558
down €4,558 (-42.0%), from €10,842 to €6,284
of which Taxes: -€8,153
- Current portion of long-term debt +€4,174
new in 2025: €4,174
- Gross operating margin -€20,089
down €20,089 (-76.2%), from €26,379 to €6,289
- Taxes -€3,650
down €3,650 (-96.4%), from €3,785 to €135
- Depreciation +€3,175
up €3,175 (+44.2%), from €7,190 to €10,365
- Financial charges +€1,803
up €1,803 (+138.7%), from €1,300 to €3,103
- Other operating charges -€1,204
down €1,204 (-22.8%), from €5,275 to €4,071
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 | €68,103 | €82,233 | +€14,130 | +20.7% |
| Fixed assets | 21/28 | €3,418 | €38,057 | +€34,639 | +1013.3% |
| Tangible fixed assets | 22/27 | €3,418 | €38,057 | +€34,639 | +1013.3% |
| Plant, machinery and equipment | 23 | - | €2,387 | +€2,387 | |
| Furniture and vehicles | 24 | €3,418 | €35,670 | +€32,252 | +943.5% |
| Current assets | 29/58 | €64,685 | €44,175 | -€20,509 | -31.7% |
| Amounts receivable within one year | 40/41 | €60,332 | €39,339 | -€20,993 | -34.8% |
| Trade receivables | 40 | €48,318 | €32,495 | -€15,823 | -32.7% |
| Other amounts receivable | 41 | €12,014 | €6,844 | -€5,170 | -43.0% |
| Cash at bank and in hand | 54/58 | €2,482 | €2,403 | -€79 | -3.2% |
| Deferred charges and accrued income | 490/1 | €1,871 | €2,433 | +€562 | +30.0% |
| Total equity and liabilities | 10/49 | €68,103 | €82,233 | +€14,130 | +20.7% |
| Equity | 10/15 | €57,228 | €45,847 | -€11,381 | -19.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,228 | €35,847 | -€11,381 | -24.1% |
| Amounts payable | 17/49 | €10,876 | €36,386 | +€25,510 | +234.6% |
| Amounts payable after more than one year | 17 | - | €18,842 | +€18,842 | |
| Financial debts | 170/4 | - | €18,842 | +€18,842 | |
| Amounts payable within one year | 42/48 | €10,876 | €17,544 | +€6,668 | +61.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,174 | +€4,174 | |
| Trade debts | 44 | €34 | €7,086 | +€7,052 | +20740.3% |
| Suppliers | 440/4 | €34 | €7,086 | +€7,052 | +20740.3% |
| Taxes, remuneration and social security | 45 | €10,842 | €6,284 | -€4,558 | -42.0% |
| Taxes | 450/3 | €8,288 | €135 | -€8,153 | -98.4% |
| Remuneration and social security | 454/9 | €2,554 | €6,149 | +€3,596 | +140.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,190 | €10,365 | +€3,175 | +44.2% |
| Other operating charges | 640/8 | €5,275 | €4,071 | -€1,204 | -22.8% |
| Gross operating margin | 9900 | €26,379 | €6,289 | -€20,089 | -76.2% |
| Operating profit (loss) | 9901 | €13,914 | -€8,146 | -€22,060 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €1,300 | €3,103 | +€1,803 | +138.7% |
| Recurring financial charges | 65 | €1,300 | €3,103 | +€1,803 | +138.7% |
| Profit (loss) for the period before taxes | 9903 | €12,614 | -€11,246 | -€23,860 | |
| Income taxes | 67/77 | €3,785 | €135 | -€3,650 | -96.4% |
| Profit (loss) for the period | 9904 | €8,829 | -€11,381 | -€20,210 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,829 | -€11,381 | -€20,210 |
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.