SVDV: 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.
SVDV
Largest movements
- Cash -€31,970
down €31,970 (-61.2%), from €52,268 to €20,299
mainly Net result for the year (-€25,570) and Debts after one year (-€13,119)
- Tangible fixed assets -€16,642
down €16,642 (-20.7%), from €80,316 to €63,674
of which Land and buildings: -€15,346
- Receivables within one year +€3,185
up €3,185 (+5.6%), from €56,495 to €59,680
of which Other amounts receivable: +€3,801
- Profit (loss) carried forward -€25,570
new in 2025: -€25,570
- Debts after one year -€13,119
down €13,119 (-19.6%), from €66,829 to €53,710
- Accrued charges and deferred income -€3,562
down €3,562 (-100.0%), from €3,562 to €0
- Tax, wage and social debts -€2,786
down €2,786 (-95.3%), from €2,924 to €137
- Gross operating margin -€31,289
down €31,289, from €26,434 to -€4,855
- Write-downs +€3,036
new in 2025: €3,036
- Taxes -€2,794
down €2,794 (-93.0%), from €3,003 to €209
- Financial income +€447
up €447 (+21.7%), from €2,066 to €2,513
- Financial charges -€331
down €331 (-11.8%), from €2,796 to €2,465
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 | €192,339 | €147,583 | -€44,756 | -23.3% |
| Fixed assets | 21/28 | €81,391 | €64,749 | -€16,642 | -20.4% |
| Tangible fixed assets | 22/27 | €80,316 | €63,674 | -€16,642 | -20.7% |
| Land and buildings | 22 | €78,153 | €62,807 | -€15,346 | -19.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,163 | €867 | -€1,295 | -59.9% |
| Financial fixed assets | 28 | €1,075 | €1,075 | = | 0.0% |
| Current assets | 29/58 | €110,948 | €82,834 | -€28,114 | -25.3% |
| Amounts receivable within one year | 40/41 | €56,495 | €59,680 | +€3,185 | +5.6% |
| Trade receivables | 40 | €16,875 | €16,259 | -€616 | -3.7% |
| Other amounts receivable | 41 | €39,620 | €43,421 | +€3,801 | +9.6% |
| Cash at bank and in hand | 54/58 | €52,268 | €20,299 | -€31,970 | -61.2% |
| Deferred charges and accrued income | 490/1 | €2,185 | €2,855 | +€671 | +30.7% |
| Total equity and liabilities | 10/49 | €192,339 | €147,583 | -€44,756 | -23.3% |
| Equity | 10/15 | €103,807 | €78,237 | -€25,570 | -24.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €97,607 | €97,607 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €97,607 | €97,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€25,570 | -€25,570 | |
| Amounts payable | 17/49 | €88,532 | €69,347 | -€19,185 | -21.7% |
| Amounts payable after more than one year | 17 | €66,829 | €53,710 | -€13,119 | -19.6% |
| Financial debts | 170/4 | €66,829 | €53,710 | -€13,119 | -19.6% |
| Amounts payable within one year | 42/48 | €18,140 | €15,637 | -€2,504 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €12,886 | €13,119 | +€233 | +1.8% |
| Trade debts | 44 | €2,331 | €2,380 | +€49 | +2.1% |
| Suppliers | 440/4 | €2,331 | €2,380 | +€49 | +2.1% |
| Taxes, remuneration and social security | 45 | €2,924 | €137 | -€2,786 | -95.3% |
| Taxes | 450/3 | €2,924 | €137 | -€2,786 | -95.3% |
| Accrued charges and deferred income | 492/3 | €3,562 | €0 | -€3,562 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,882 | €16,642 | -€240 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,036 | +€3,036 | |
| Other operating charges | 640/8 | €1,129 | €877 | -€253 | -22.4% |
| Gross operating margin | 9900 | €26,434 | -€4,855 | -€31,289 | |
| Operating profit (loss) | 9901 | €8,422 | -€25,410 | -€33,832 | |
| Financial income | 75/76B | €2,066 | €2,513 | +€447 | +21.7% |
| Recurring financial income | 75 | €2,066 | €2,513 | +€447 | +21.7% |
| Financial charges | 65/66B | €2,796 | €2,465 | -€331 | -11.8% |
| Recurring financial charges | 65 | €2,796 | €2,465 | -€331 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €7,692 | -€25,361 | -€33,054 | |
| Income taxes | 67/77 | €3,003 | €209 | -€2,794 | -93.0% |
| Profit (loss) for the period | 9904 | €4,689 | -€25,570 | -€30,259 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,689 | -€25,570 | -€30,259 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.