Sveco: 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.
Sveco
Largest movements
- Tangible fixed assets -€13,218
down €13,218 (-36.6%), from €36,144 to €22,926
of which Furniture and vehicles: -€11,912
- Receivables within one year +€12,045
up €12,045 (+113.8%), from €10,583 to €22,628
of which Trade receivables: +€10,519
- Cash -€6,744
down €6,744 (-21.0%), from €32,054 to €25,310
mainly Contributions, distributions and other (-€41,595) and Receivables within one year (-€12,045)
- Other debts +€35,784
up €35,784 (+6301.9%), from €568 to €36,351
- Reserves -€30,791
down €30,791 (-74.0%), from €41,595 to €10,804
- Debts after one year -€8,709
down €8,709 (-49.5%), from €17,610 to €8,901
- Current portion of long-term debt -€4,449
down €4,449 (-33.8%), from €13,158 to €8,709
- Gross operating margin -€2,710
down €2,710 (-7.9%), from €34,273 to €31,563
- Financial charges -€1,983
down €1,983 (-55.9%), from €3,550 to €1,567
- Depreciation +€1,706
up €1,706 (+12.4%), from €13,750 to €15,455
- Taxes +€779
up €779 (+39.1%), from €1,991 to €2,770
- Other operating charges -€690
down €690 (-41.0%), from €1,683 to €993
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 | €80,755 | €72,941 | -€7,814 | -9.7% |
| Fixed assets | 21/28 | €36,144 | €22,926 | -€13,218 | -36.6% |
| Tangible fixed assets | 22/27 | €36,144 | €22,926 | -€13,218 | -36.6% |
| Plant, machinery and equipment | 23 | €3,093 | €1,787 | -€1,306 | -42.2% |
| Furniture and vehicles | 24 | €33,051 | €21,139 | -€11,912 | -36.0% |
| Current assets | 29/58 | €44,611 | €50,015 | +€5,404 | +12.1% |
| Amounts receivable within one year | 40/41 | €10,583 | €22,628 | +€12,045 | +113.8% |
| Trade receivables | 40 | €5,921 | €16,440 | +€10,519 | +177.7% |
| Other amounts receivable | 41 | €4,662 | €6,188 | +€1,526 | +32.7% |
| Cash at bank and in hand | 54/58 | €32,054 | €25,310 | -€6,744 | -21.0% |
| Deferred charges and accrued income | 490/1 | €1,974 | €2,077 | +€103 | +5.2% |
| Total equity and liabilities | 10/49 | €80,755 | €72,941 | -€7,814 | -9.7% |
| Equity | 10/15 | €44,845 | €14,054 | -€30,791 | -68.7% |
| Contributions | 10/11 | €3,250 | €3,250 | = | 0.0% |
| Reserves | 13 | €41,595 | €10,804 | -€30,791 | -74.0% |
| Distributable reserves | 133 | €41,595 | €10,804 | -€30,791 | -74.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,910 | €58,887 | +€22,977 | +64.0% |
| Amounts payable after more than one year | 17 | €17,610 | €8,901 | -€8,709 | -49.5% |
| Financial debts | 170/4 | €17,610 | €8,901 | -€8,709 | -49.5% |
| Amounts payable within one year | 42/48 | €18,300 | €49,985 | +€31,686 | +173.1% |
| Current portion of amounts payable after more than one year | 42 | €13,158 | €8,709 | -€4,449 | -33.8% |
| Trade debts | 44 | €3,192 | €3,675 | +€483 | +15.1% |
| Suppliers | 440/4 | €3,192 | €3,675 | +€483 | +15.1% |
| Taxes, remuneration and social security | 45 | €1,382 | €1,250 | -€132 | -9.5% |
| Taxes | 450/3 | €1,382 | €1,250 | -€132 | -9.5% |
| Other amounts payable | 47/48 | €568 | €36,351 | +€35,784 | +6301.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,750 | €15,455 | +€1,706 | +12.4% |
| Other operating charges | 640/8 | €1,683 | €993 | -€690 | -41.0% |
| Gross operating margin | 9900 | €34,273 | €31,563 | -€2,710 | -7.9% |
| Operating profit (loss) | 9901 | €18,840 | €15,115 | -€3,726 | -19.8% |
| Financial income | 75/76B | €0 | €26 | +€26 | +255100.0% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +255100.0% |
| Financial charges | 65/66B | €3,550 | €1,567 | -€1,983 | -55.9% |
| Recurring financial charges | 65 | €3,550 | €1,567 | -€1,983 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €15,290 | €13,574 | -€1,717 | -11.2% |
| Income taxes | 67/77 | €1,991 | €2,770 | +€779 | +39.1% |
| Profit (loss) for the period | 9904 | €13,299 | €10,804 | -€2,495 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,299 | €10,804 | -€2,495 | -18.8% |
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 10 October 2026 via checked.be.