SVEKKES: 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.
SVEKKES
Largest movements
- Intangible fixed assets -€3,329
down €3,329 (-11.6%), from €28,711 to €25,382
- Tangible fixed assets -€760
down €760 (-35.1%), from €2,167 to €1,407
of which Furniture and vehicles: -€467
- Cash +€577
up €577 (+19.7%), from €2,930 to €3,507
mainly Tax, wage and social debts (+€8,490) and Depreciation (+€4,088)
- Accrued charges and deferred income -€16,442
no longer reported in 2025 (was €16,442)
- Tax, wage and social debts +€8,490
up €8,490 (+116%), from €7,306 to €15,796
of which Remuneration and social security: +€6,400
- Other debts +€3,776
new in 2025: €3,776
- Reserves +€933
up €933 (+6.7%), from €13,910 to €14,842
- Gross operating margin -€22,429
down €22,429 (-78.1%), from €28,726 to €6,296
- Staff costs -€5,142
down €5,142 (-94.9%), from €5,418 to €276
- Taxes -€3,410
down €3,410 (-92.2%), from €3,698 to €288
- Depreciation -€1,184
down €1,184 (-22.5%), from €5,272 to €4,088
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 | €41,063 | €37,783 | -€3,279 | -8.0% |
| Fixed assets | 21/28 | €35,414 | €31,326 | -€4,088 | -11.5% |
| Intangible fixed assets | 21 | €28,711 | €25,382 | -€3,329 | -11.6% |
| Tangible fixed assets | 22/27 | €2,167 | €1,407 | -€760 | -35.1% |
| Plant, machinery and equipment | 23 | €1,144 | €852 | -€293 | -25.6% |
| Furniture and vehicles | 24 | €1,023 | €556 | -€467 | -45.6% |
| Financial fixed assets | 28 | €4,536 | €4,536 | = | 0.0% |
| Current assets | 29/58 | €5,649 | €6,458 | +€809 | +14.3% |
| Stocks and contracts in progress | 3 | €2,719 | €2,951 | +€232 | +8.5% |
| Stocks | 30/36 | €2,719 | €2,951 | +€232 | +8.5% |
| Cash at bank and in hand | 54/58 | €2,930 | €3,507 | +€577 | +19.7% |
| Total equity and liabilities | 10/49 | €41,063 | €37,783 | -€3,279 | -8.0% |
| Equity | 10/15 | €16,910 | €17,842 | +€933 | +5.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,910 | €14,842 | +€933 | +6.7% |
| Distributable reserves | 133 | €13,910 | €14,842 | +€933 | +6.7% |
| Amounts payable | 17/49 | €24,153 | €19,941 | -€4,212 | -17.4% |
| Amounts payable within one year | 42/48 | €7,711 | €19,941 | +€12,230 | +159% |
| Trade debts | 44 | €406 | €370 | -€36 | -8.9% |
| Suppliers | 440/4 | €406 | €370 | -€36 | -8.9% |
| Taxes, remuneration and social security | 45 | €7,306 | €15,796 | +€8,490 | +116% |
| Taxes | 450/3 | €5,740 | €7,831 | +€2,090 | +36.4% |
| Remuneration and social security | 454/9 | €1,565 | €7,965 | +€6,400 | +409% |
| Other amounts payable | 47/48 | - | €3,776 | +€3,776 | |
| Accrued charges and deferred income | 492/3 | €16,442 | - | -€16,442 | |
| Remuneration, social security and pensions | 62 | €5,418 | €276 | -€5,142 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,272 | €4,088 | -€1,184 | -22.5% |
| Other operating charges | 640/8 | €302 | €470 | +€168 | +55.5% |
| Gross operating margin | 9900 | €28,726 | €6,296 | -€22,429 | -78.1% |
| Operating profit (loss) | 9901 | €17,734 | €1,462 | -€16,272 | -91.8% |
| Financial income | 75/76B | €50 | - | -€50 | |
| Recurring financial income | 75 | €50 | - | -€50 | |
| Financial charges | 65/66B | €177 | €242 | +€65 | +36.9% |
| Recurring financial charges | 65 | €177 | €242 | +€65 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €17,607 | €1,221 | -€16,387 | -93.1% |
| Income taxes | 67/77 | €3,698 | €288 | -€3,410 | -92.2% |
| Profit (loss) for the period | 9904 | €13,910 | €933 | -€12,977 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,910 | €933 | -€12,977 | -93.3% |
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.