SVDV Projects: 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 Projects
Largest movements
- Cash +€19,554
up €19,554 (+221.9%), from €8,813 to €28,367
mainly Depreciation (+€18,724) and Net result for the year (+€18,663)
- Tangible fixed assets -€17,125
down €17,125 (-11.1%), from €153,720 to €136,595
of which Leasing and similar rights: -€12,231
- Receivables within one year +€6,611
up €6,611 (+117.3%), from €5,638 to €12,249
of which Trade receivables: +€6,146
- Deferred charges and accrued income -€2,097
down €2,097 (-87.6%), from €2,394 to €297
- Debts after one year -€12,589
down €12,589 (-47.2%), from €26,699 to €14,110
- Profit (loss) carried forward +€10,840
up €10,840, from -€10,836 to €4
- Reserves +€6,990
up €6,990 (+65.8%), from €10,630 to €17,620
- Tax, wage and social debts -€1,845
down €1,845 (-24.4%), from €7,569 to €5,724
of which Remuneration and social security: -€3,700
- Gross operating margin +€28,859
up €28,859 (+159.1%), from €18,140 to €46,998
- Taxes +€3,935
up €3,935 (+1860.0%), from €212 to €4,147
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 | €170,570 | €177,513 | +€6,943 | +4.1% |
| Fixed assets | 21/28 | €153,725 | €136,600 | -€17,125 | -11.1% |
| Tangible fixed assets | 22/27 | €153,720 | €136,595 | -€17,125 | -11.1% |
| Land and buildings | 22 | €114,564 | €108,602 | -€5,962 | -5.2% |
| Furniture and vehicles | 24 | €773 | €1,840 | +€1,068 | +138.2% |
| Leasing and similar rights | 25 | €38,384 | €26,152 | -€12,231 | -31.9% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €16,845 | €40,913 | +€24,068 | +142.9% |
| Amounts receivable within one year | 40/41 | €5,638 | €12,249 | +€6,611 | +117.3% |
| Trade receivables | 40 | €5,549 | €11,696 | +€6,146 | +110.8% |
| Other amounts receivable | 41 | €88 | €553 | +€465 | +525.6% |
| Cash at bank and in hand | 54/58 | €8,813 | €28,367 | +€19,554 | +221.9% |
| Deferred charges and accrued income | 490/1 | €2,394 | €297 | -€2,097 | -87.6% |
| Total equity and liabilities | 10/49 | €170,570 | €177,513 | +€6,943 | +4.1% |
| Equity | 10/15 | €18,394 | €36,223 | +€17,830 | +96.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,630 | €17,620 | +€6,990 | +65.8% |
| Distributable reserves | 133 | €10,630 | €17,620 | +€6,990 | +65.8% |
| Profit (loss) carried forward | 14 | -€10,836 | €4 | +€10,840 | |
| Amounts payable | 17/49 | €152,177 | €141,290 | -€10,887 | -7.2% |
| Amounts payable after more than one year | 17 | €26,699 | €14,110 | -€12,589 | -47.2% |
| Financial debts | 170/4 | €26,699 | €14,110 | -€12,589 | -47.2% |
| Amounts payable within one year | 42/48 | €125,470 | €127,179 | +€1,709 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €12,185 | €12,589 | +€405 | +3.3% |
| Trade debts | 44 | €254 | €1,810 | +€1,555 | +611.7% |
| Suppliers | 440/4 | €254 | €1,810 | +€1,555 | +611.7% |
| Taxes, remuneration and social security | 45 | €7,569 | €5,724 | -€1,845 | -24.4% |
| Taxes | 450/3 | €3,869 | €5,724 | +€1,855 | +47.9% |
| Remuneration and social security | 454/9 | €3,700 | €0 | -€3,700 | -100.0% |
| Other amounts payable | 47/48 | €105,462 | €107,056 | +€1,594 | +1.5% |
| Accrued charges and deferred income | 492/3 | €7 | €0 | -€7 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,322 | €18,724 | +€402 | +2.2% |
| Other operating charges | 640/8 | €4,243 | €4,259 | +€15 | +0.4% |
| Gross operating margin | 9900 | €18,140 | €46,998 | +€28,859 | +159.1% |
| Operating profit (loss) | 9901 | -€4,426 | €24,016 | +€28,442 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,584 | €1,206 | -€378 | -23.8% |
| Recurring financial charges | 65 | €1,584 | €1,206 | -€378 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,010 | €22,809 | +€28,820 | |
| Income taxes | 67/77 | €212 | €4,147 | +€3,935 | +1860.0% |
| Profit (loss) for the period | 9904 | -€6,222 | €18,663 | +€24,884 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,222 | €18,663 | +€24,884 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.