SVDV-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.
SVDV-Consult
Largest movements
- Current investments +€139,156
up €139,156 (+515%), from €27,000 to €166,156
- Financial fixed assets +€65,584
up €65,584 (+38.5%), from €170,454 to €236,039
- Receivables within one year -€45,254
down €45,254 (-99.8%), from €45,337 to €83
of which Trade receivables: -€45,046
- Receivables after one year -€32,500
down €32,500 (-23.0%), from €141,300 to €108,800
- Cash -€12,881
down €12,881 (-30.5%), from €42,169 to €29,288
mainly Current investments (-€139,156) and Investment in fixed assets (net) (-€65,584)
- Reserves +€76,084
up €76,084 (+20.9%), from €364,154 to €440,239
- Debts after one year +€40,301
up €40,301 (+225%), from €17,893 to €58,195
- Gross operating margin +€90,248
up €90,248 (+88.3%), from €102,198 to €192,446
- Taxes +€28,879
up €28,879 (+86.4%), from €33,415 to €62,294
- Financial income +€2,424
up €2,424 (+112%), from €2,168 to €4,591
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 | €427,245 | €546,347 | +€119,102 | +27.9% |
| Fixed assets | 21/28 | €171,439 | €236,039 | +€64,600 | +37.7% |
| Tangible fixed assets | 22/27 | €984 | €0 | -€984 | -100% |
| Furniture and vehicles | 24 | €984 | €0 | -€984 | -100% |
| Financial fixed assets | 28 | €170,454 | €236,039 | +€65,584 | +38.5% |
| Current assets | 29/58 | €255,806 | €310,308 | +€54,502 | +21.3% |
| Amounts receivable after more than one year | 29 | €141,300 | €108,800 | -€32,500 | -23.0% |
| Other amounts receivable | 291 | €141,300 | €108,800 | -€32,500 | -23.0% |
| Amounts receivable within one year | 40/41 | €45,337 | €83 | -€45,254 | -99.8% |
| Trade receivables | 40 | €45,111 | €65 | -€45,046 | -99.9% |
| Other amounts receivable | 41 | €226 | €18 | -€208 | -92.0% |
| Current investments | 50/53 | €27,000 | €166,156 | +€139,156 | +515% |
| Cash at bank and in hand | 54/58 | €42,169 | €29,288 | -€12,881 | -30.5% |
| Deferred charges and accrued income | 490/1 | €0 | €5,981 | +€5,981 | |
| Total equity and liabilities | 10/49 | €427,245 | €546,347 | +€119,102 | +27.9% |
| Equity | 10/15 | €370,354 | €446,439 | +€76,084 | +20.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €364,154 | €440,239 | +€76,084 | +20.9% |
| Distributable reserves | 133 | €364,154 | €440,239 | +€76,084 | +20.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,891 | €99,908 | +€43,017 | +75.6% |
| Amounts payable after more than one year | 17 | €17,893 | €58,195 | +€40,301 | +225% |
| Financial debts | 170/4 | €17,893 | €58,195 | +€40,301 | +225% |
| Amounts payable within one year | 42/48 | €34,207 | €39,871 | +€5,663 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €17,849 | €20,497 | +€2,647 | +14.8% |
| Trade debts | 44 | €1,583 | €873 | -€709 | -44.8% |
| Suppliers | 440/4 | €1,583 | €873 | -€709 | -44.8% |
| Taxes, remuneration and social security | 45 | €11,362 | €15,481 | +€4,119 | +36.3% |
| Taxes | 450/3 | €11,362 | €15,481 | +€4,119 | +36.3% |
| Other amounts payable | 47/48 | €3,414 | €3,020 | -€394 | -11.5% |
| Accrued charges and deferred income | 492/3 | €4,790 | €1,843 | -€2,947 | -61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,076 | €984 | -€91 | -8.5% |
| Other operating charges | 640/8 | €3,199 | €3,591 | +€391 | +12.2% |
| Gross operating margin | 9900 | €102,198 | €192,446 | +€90,248 | +88.3% |
| Operating profit (loss) | 9901 | €97,923 | €187,871 | +€89,948 | +91.9% |
| Financial income | 75/76B | €2,168 | €4,591 | +€2,424 | +112% |
| Recurring financial income | 75 | €2,168 | €4,591 | +€2,424 | +112% |
| Financial charges | 65/66B | €1,799 | €2,731 | +€932 | +51.8% |
| Recurring financial charges | 65 | €1,799 | €2,731 | +€932 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | €98,291 | €189,731 | +€91,440 | +93.0% |
| Income taxes | 67/77 | €33,415 | €62,294 | +€28,879 | +86.4% |
| Profit (loss) for the period | 9904 | €64,877 | €127,437 | +€62,560 | +96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,877 | €127,437 | +€62,560 | +96.4% |
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 21 October 2026 via checked.be.