SVDV: 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.
SVDV
Largest movements
- Current investments +€243,612
new in 2025: €243,612
- Cash -€70,150
down €70,150 (-88.4%), from €79,395 to €9,245
mainly Current investments (-€243,612) and Receivables within one year (-€5,186)
- Deferred charges and accrued income -€11,019
down €11,019 (-99.1%), from €11,118 to €99
- Receivables within one year +€5,186
up €5,186 (+313%), from €1,654 to €6,840
- Tangible fixed assets +€3,935
up €3,935 (+318%), from €1,237 to €5,173
of which Furniture and vehicles: +€2,268
- Reserves +€147,862
up €147,862 (+217%), from €68,132 to €215,994
- Tax, wage and social debts +€25,661
up €25,661 (+136%), from €18,883 to €44,544
of which Taxes: +€27,180
- Gross operating margin +€103,819
up €103,819 (+121%), from €85,652 to €189,471
- Taxes +€27,306
up €27,306 (+157%), from €17,364 to €44,670
- Financial income +€4,344
up €4,344 (+25,139%), from €17 to €4,361
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 | €93,405 | €264,969 | +€171,565 | +184% |
| Fixed assets | 21/28 | €1,237 | €5,173 | +€3,935 | +318% |
| Tangible fixed assets | 22/27 | €1,237 | €5,173 | +€3,935 | +318% |
| Furniture and vehicles | 24 | €1,237 | €3,506 | +€2,268 | +183% |
| Other tangible fixed assets | 26 | - | €1,667 | +€1,667 | |
| Current assets | 29/58 | €92,167 | €259,797 | +€167,629 | +182% |
| Amounts receivable within one year | 40/41 | €1,654 | €6,840 | +€5,186 | +313% |
| Other amounts receivable | 41 | €1,654 | €6,840 | +€5,186 | +313% |
| Current investments | 50/53 | - | €243,612 | +€243,612 | |
| Cash at bank and in hand | 54/58 | €79,395 | €9,245 | -€70,150 | -88.4% |
| Deferred charges and accrued income | 490/1 | €11,118 | €99 | -€11,019 | -99.1% |
| Total equity and liabilities | 10/49 | €93,405 | €264,969 | +€171,565 | +184% |
| Equity | 10/15 | €72,132 | €219,994 | +€147,862 | +205% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €68,132 | €215,994 | +€147,862 | +217% |
| Distributable reserves | 133 | €68,132 | €215,994 | +€147,862 | +217% |
| Amounts payable | 17/49 | €21,273 | €44,976 | +€23,702 | +111% |
| Amounts payable within one year | 42/48 | €21,273 | €44,976 | +€23,702 | +111% |
| Financial debts | 43 | - | €20 | +€20 | |
| Credit institutions | 430/8 | - | €20 | +€20 | |
| Trade debts | 44 | €2,390 | €411 | -€1,979 | -82.8% |
| Suppliers | 440/4 | €2,390 | €411 | -€1,979 | -82.8% |
| Taxes, remuneration and social security | 45 | €18,883 | €44,544 | +€25,661 | +136% |
| Taxes | 450/3 | €17,364 | €44,544 | +€27,180 | +157% |
| Remuneration and social security | 454/9 | €1,519 | €0 | -€1,519 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122 | €903 | +€781 | +642% |
| Other operating charges | 640/8 | - | €322 | +€322 | |
| Gross operating margin | 9900 | €85,652 | €189,471 | +€103,819 | +121% |
| Operating profit (loss) | 9901 | €85,530 | €188,246 | +€102,716 | +120% |
| Financial income | 75/76B | €17 | €4,361 | +€4,344 | +25,139% |
| Recurring financial income | 75 | €17 | €4,361 | +€4,344 | +25,139% |
| Financial charges | 65/66B | €52 | €75 | +€23 | +44.6% |
| Recurring financial charges | 65 | €52 | €75 | +€23 | +44.6% |
| Profit (loss) for the period before taxes | 9903 | €85,496 | €192,532 | +€107,037 | +125% |
| Income taxes | 67/77 | €17,364 | €44,670 | +€27,306 | +157% |
| Profit (loss) for the period | 9904 | €68,132 | €147,862 | +€79,730 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €68,132 | €147,862 | +€79,730 | +117% |
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 14 October 2026 via checked.be.