SVDH Holding: 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.
SVDH Holding
Largest movements
- Receivables within one year +€270,990
up €270,990 (+129%), from €210,350 to €481,340
of which Other amounts receivable: +€289,220
- Tangible fixed assets +€94,432
new in 2025: €94,432
- Profit (loss) carried forward +€363,690
up €363,690 (+444%), from €81,854 to €445,543
- Financial income +€184,020
up €184,020 (+175%), from €105,000 to €289,020
- Gross operating margin +€132,805
up €132,805 (+98.1%), from €135,354 to €268,160
- Taxes +€20,376
new in 2025: €20,376
- Financial charges +€12,542
up €12,542 (+8.0%), from €157,669 to €170,211
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.
Derived cash bridge
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 | €5,730,329 | €6,123,762 | +€393,433 | +6.9% |
| Fixed assets | 21/28 | €5,475,000 | €5,569,432 | +€94,432 | +1.7% |
| Tangible fixed assets | 22/27 | - | €94,432 | +€94,432 | |
| Furniture and vehicles | 24 | - | €94,432 | +€94,432 | |
| Financial fixed assets | 28 | €5,475,000 | €5,475,000 | = | 0.0% |
| Current assets | 29/58 | €255,329 | €554,330 | +€299,001 | +117% |
| Amounts receivable within one year | 40/41 | €210,350 | €481,340 | +€270,990 | +129% |
| Trade receivables | 40 | €105,350 | €87,120 | -€18,230 | -17.3% |
| Other amounts receivable | 41 | €105,000 | €394,220 | +€289,220 | +275% |
| Cash at bank and in hand | 54/58 | €44,979 | €58,343 | +€13,364 | +29.7% |
| Deferred charges and accrued income | 490/1 | - | €14,646 | +€14,646 | |
| Total equity and liabilities | 10/49 | €5,730,329 | €6,123,762 | +€393,433 | +6.9% |
| Equity | 10/15 | €105,854 | €469,543 | +€363,690 | +344% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,854 | €445,543 | +€363,690 | +444% |
| Amounts payable | 17/49 | €5,624,476 | €5,654,219 | +€29,743 | +0.5% |
| Amounts payable after more than one year | 17 | €5,475,680 | €5,464,613 | -€11,067 | -0.2% |
| Financial debts | 170/4 | €5,475,680 | €5,464,613 | -€11,067 | -0.2% |
| Amounts payable within one year | 42/48 | €148,796 | €189,606 | +€40,811 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €76,778 | €125,839 | +€49,061 | +63.9% |
| Trade debts | 44 | €4,734 | €2,272 | -€2,462 | -52.0% |
| Suppliers | 440/4 | €4,734 | €2,272 | -€2,462 | -52.0% |
| Taxes, remuneration and social security | 45 | €65,194 | €60,240 | -€4,955 | -7.6% |
| Taxes | 450/3 | €65,194 | €60,240 | -€4,955 | -7.6% |
| Other amounts payable | 47/48 | €2,089 | €1,255 | -€834 | -39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,170 | +€2,170 | |
| Other operating charges | 640/8 | €832 | €733 | -€98 | -11.8% |
| Gross operating margin | 9900 | €135,354 | €268,160 | +€132,805 | +98.1% |
| Operating profit (loss) | 9901 | €134,523 | €265,256 | +€130,733 | +97.2% |
| Financial income | 75/76B | €105,000 | €289,020 | +€184,020 | +175% |
| Recurring financial income | 75 | €105,000 | €289,020 | +€184,020 | +175% |
| Financial charges | 65/66B | €157,669 | €170,211 | +€12,542 | +8.0% |
| Recurring financial charges | 65 | €157,669 | €170,211 | +€12,542 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €81,854 | €384,065 | +€302,212 | +369% |
| Income taxes | 67/77 | - | €20,376 | +€20,376 | |
| Profit (loss) for the period | 9904 | €81,854 | €363,690 | +€281,836 | +344% |
| Profit (loss) for the period to be appropriated | 9905 | €81,854 | €363,690 | +€281,836 | +344% |
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 24 October 2026 via checked.be.