SveGro: 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.
SveGro
Largest movements
- Tangible fixed assets +€158,755
up €158,755 (+56.5%), from €281,217 to €439,972
of which Furniture and vehicles: +€217,245
- Cash +€25,313
up €25,313 (+39.7%), from €63,759 to €89,071
mainly Depreciation (+€128,121) and Debts after one year (+€101,586)
- Receivables within one year -€23,058
down €23,058 (-28.0%), from €82,400 to €59,342
of which Other amounts receivable: -€17,574
- Debts after one year +€101,586
up €101,586 (+571.5%), from €17,776 to €119,363
- Reserves +€54,156
up €54,156 (+41.8%), from €129,657 to €183,813
- Current portion of long-term debt +€22,829
up €22,829 (+99.2%), from €23,003 to €45,833
- Other debts -€21,268
down €21,268 (-11.4%), from €186,232 to €164,964
- Gross operating margin +€25,680
up €25,680 (+13.9%), from €184,984 to €210,663
- Depreciation +€23,398
up €23,398 (+22.3%), from €104,723 to €128,121
- Taxes +€7,178
up €7,178 (+42.6%), from €16,847 to €24,024
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 | €437,222 | €598,453 | +€161,231 | +36.9% |
| Fixed assets | 21/28 | €281,217 | €439,972 | +€158,755 | +56.5% |
| Tangible fixed assets | 22/27 | €281,217 | €439,972 | +€158,755 | +56.5% |
| Plant, machinery and equipment | 23 | €107,250 | €101,024 | -€6,226 | -5.8% |
| Furniture and vehicles | 24 | €121,702 | €338,947 | +€217,245 | +178.5% |
| Leasing and similar rights | 25 | €52,265 | €0 | -€52,265 | -100.0% |
| Current assets | 29/58 | €156,005 | €158,481 | +€2,476 | +1.6% |
| Amounts receivable within one year | 40/41 | €82,400 | €59,342 | -€23,058 | -28.0% |
| Trade receivables | 40 | €56,454 | €50,969 | -€5,484 | -9.7% |
| Other amounts receivable | 41 | €25,947 | €8,373 | -€17,574 | -67.7% |
| Cash at bank and in hand | 54/58 | €63,759 | €89,071 | +€25,313 | +39.7% |
| Deferred charges and accrued income | 490/1 | €9,846 | €10,067 | +€221 | +2.2% |
| Total equity and liabilities | 10/49 | €437,222 | €598,453 | +€161,231 | +36.9% |
| Equity | 10/15 | €161,577 | €215,733 | +€54,156 | +33.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €129,657 | €183,813 | +€54,156 | +41.8% |
| Distributable reserves | 133 | €129,657 | €183,813 | +€54,156 | +41.8% |
| Profit (loss) carried forward | 14 | €28,419 | €28,419 | = | 0.0% |
| Amounts payable | 17/49 | €275,645 | €382,720 | +€107,075 | +38.8% |
| Amounts payable after more than one year | 17 | €17,776 | €119,363 | +€101,586 | +571.5% |
| Financial debts | 170/4 | €17,776 | €119,363 | +€101,586 | +571.5% |
| Amounts payable within one year | 42/48 | €257,868 | €260,153 | +€2,285 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €23,003 | €45,833 | +€22,829 | +99.2% |
| Trade debts | 44 | €41,786 | €39,583 | -€2,204 | -5.3% |
| Suppliers | 440/4 | €41,786 | €39,583 | -€2,204 | -5.3% |
| Taxes, remuneration and social security | 45 | €6,847 | €9,774 | +€2,928 | +42.8% |
| Taxes | 450/3 | €6,847 | €8,024 | +€1,178 | +17.2% |
| Remuneration and social security | 454/9 | - | €1,750 | +€1,750 | |
| Other amounts payable | 47/48 | €186,232 | €164,964 | -€21,268 | -11.4% |
| Accrued charges and deferred income | 492/3 | - | €3,204 | +€3,204 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,723 | €128,121 | +€23,398 | +22.3% |
| Other operating charges | 640/8 | €569 | €789 | +€220 | +38.7% |
| Gross operating margin | 9900 | €184,984 | €210,663 | +€25,680 | +13.9% |
| Operating profit (loss) | 9901 | €79,691 | €81,753 | +€2,062 | +2.6% |
| Financial income | 75/76B | €0 | €162 | +€162 | +540866.7% |
| Recurring financial income | 75 | €0 | €162 | +€162 | +540866.7% |
| Financial charges | 65/66B | €3,384 | €3,735 | +€351 | +10.4% |
| Recurring financial charges | 65 | €3,384 | €3,735 | +€351 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €76,307 | €78,180 | +€1,873 | +2.5% |
| Income taxes | 67/77 | €16,847 | €24,024 | +€7,178 | +42.6% |
| Profit (loss) for the period | 9904 | €59,460 | €54,156 | -€5,305 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,460 | €54,156 | -€5,305 | -8.9% |
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 4 October 2026 via checked.be.