SVDN CONSULT: 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.
SVDN CONSULT
Largest movements
- Cash -€29,927
down €29,927 (-31.0%), from €96,416 to €66,489
mainly Contributions, distributions and other (-€80,000) and Other debts (-€21,820)
- Receivables within one year -€20,383
down €20,383 (-40.5%), from €50,368 to €29,985
of which Trade receivables: -€32,883
- Tangible fixed assets -€12,884
down €12,884 (-26.4%), from €48,783 to €35,898
of which Furniture and vehicles: -€12,458
- Reserves -€40,577
down €40,577 (-90.7%), from €44,735 to €4,158
- Other debts -€21,820
down €21,820 (-20.6%), from €105,887 to €84,067
- Tax, wage and social debts +€13,049
up €13,049 (+106%), from €12,319 to €25,368
of which Remuneration and social security: +€7,980
- Current portion of long-term debt -€11,784
no longer reported in 2025 (was €11,784)
- Gross operating margin -€86,824
down €86,824 (-57.3%), from €151,619 to €64,796
- Taxes -€18,586
down €18,586 (-62.3%), from €29,837 to €11,251
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 | €199,091 | €136,076 | -€63,015 | -31.7% |
| Fixed assets | 21/28 | €48,783 | €35,898 | -€12,884 | -26.4% |
| Tangible fixed assets | 22/27 | €48,783 | €35,898 | -€12,884 | -26.4% |
| Plant, machinery and equipment | 23 | €1,204 | €778 | -€427 | -35.4% |
| Furniture and vehicles | 24 | €47,578 | €35,121 | -€12,458 | -26.2% |
| Current assets | 29/58 | €150,308 | €100,177 | -€50,131 | -33.4% |
| Amounts receivable within one year | 40/41 | €50,368 | €29,985 | -€20,383 | -40.5% |
| Trade receivables | 40 | €50,368 | €17,485 | -€32,883 | -65.3% |
| Other amounts receivable | 41 | - | €12,500 | +€12,500 | |
| Cash at bank and in hand | 54/58 | €96,416 | €66,489 | -€29,927 | -31.0% |
| Deferred charges and accrued income | 490/1 | €3,524 | €3,703 | +€179 | +5.1% |
| Total equity and liabilities | 10/49 | €199,091 | €136,076 | -€63,015 | -31.7% |
| Equity | 10/15 | €63,335 | €22,758 | -€40,577 | -64.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,735 | €4,158 | -€40,577 | -90.7% |
| Distributable reserves | 133 | €44,735 | €4,158 | -€40,577 | -90.7% |
| Amounts payable | 17/49 | €135,756 | €113,318 | -€22,438 | -16.5% |
| Amounts payable within one year | 42/48 | €135,756 | €113,318 | -€22,438 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €11,784 | - | -€11,784 | |
| Trade debts | 44 | €5,765 | €3,883 | -€1,882 | -32.7% |
| Suppliers | 440/4 | €5,765 | €3,883 | -€1,882 | -32.7% |
| Taxes, remuneration and social security | 45 | €12,319 | €25,368 | +€13,049 | +106% |
| Taxes | 450/3 | €12,319 | €17,388 | +€5,069 | +41.1% |
| Remuneration and social security | 454/9 | - | €7,980 | +€7,980 | |
| Other amounts payable | 47/48 | €105,887 | €84,067 | -€21,820 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,534 | €12,884 | +€351 | +2.8% |
| Other operating charges | 640/8 | €836 | €736 | -€100 | -12.0% |
| Gross operating margin | 9900 | €151,619 | €64,796 | -€86,824 | -57.3% |
| Operating profit (loss) | 9901 | €138,250 | €51,175 | -€87,074 | -63.0% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €1,276 | €502 | -€775 | -60.7% |
| Recurring financial charges | 65 | €1,276 | €502 | -€775 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | €136,980 | €50,674 | -€86,307 | -63.0% |
| Income taxes | 67/77 | €29,837 | €11,251 | -€18,586 | -62.3% |
| Profit (loss) for the period | 9904 | €107,144 | €39,423 | -€67,721 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €107,144 | €39,423 | -€67,721 | -63.2% |
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 22 October 2026 via checked.be.