SVELTA: 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.
SVELTA
Largest movements
- Current investments -€24,899
no longer reported in 2025 (was €24,899)
- Cash +€18,395
up €18,395 (+153.0%), from €12,024 to €30,419
mainly Current investments (+€24,899) and Stocks and contracts (+€4,951)
- Stocks and contracts -€4,951
down €4,951 (-2.3%), from €211,645 to €206,693
- Profit (loss) carried forward -€12,362
down €12,362 (-8.1%), from €153,539 to €141,176
- Tax, wage and social debts +€2,930
up €2,930 (+22.0%), from €13,340 to €16,270
of which Taxes: +€3,007
- Gross operating margin +€6,632
up €6,632 (+12.3%), from €54,062 to €60,694
- Staff costs +€2,731
up €2,731 (+4.3%), from €63,493 to €66,224
- Depreciation +€644
up €644 (+17.5%), from €3,685 to €4,328
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 | €262,116 | €250,847 | -€11,269 | -4.3% |
| Fixed assets | 21/28 | €11,591 | €9,966 | -€1,625 | -14.0% |
| Tangible fixed assets | 22/27 | €11,255 | €9,630 | -€1,625 | -14.4% |
| Land and buildings | 22 | €11,255 | - | -€11,255 | |
| Plant, machinery and equipment | 23 | - | €8,249 | +€8,249 | |
| Furniture and vehicles | 24 | - | €1,381 | +€1,381 | |
| Financial fixed assets | 28 | €336 | €336 | = | 0.0% |
| Current assets | 29/58 | €250,525 | €240,881 | -€9,644 | -3.8% |
| Stocks and contracts in progress | 3 | €211,645 | €206,693 | -€4,951 | -2.3% |
| Stocks | 30/36 | €211,645 | €206,693 | -€4,951 | -2.3% |
| Amounts receivable within one year | 40/41 | €62 | €2,082 | +€2,020 | +3247.5% |
| Trade receivables | 40 | - | €2,046 | +€2,046 | |
| Other amounts receivable | 41 | €62 | €36 | -€26 | -41.7% |
| Current investments | 50/53 | €24,899 | - | -€24,899 | |
| Cash at bank and in hand | 54/58 | €12,024 | €30,419 | +€18,395 | +153.0% |
| Deferred charges and accrued income | 490/1 | €1,895 | €1,687 | -€208 | -11.0% |
| Total equity and liabilities | 10/49 | €262,116 | €250,847 | -€11,269 | -4.3% |
| Equity | 10/15 | €211,543 | €199,180 | -€12,362 | -5.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €39,412 | €39,412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,215 | - | -€1,215 | |
| Reserves not available under the articles | 1311 | €1,215 | - | -€1,215 | |
| Distributable reserves | 133 | €38,197 | €39,412 | +€1,215 | +3.2% |
| Profit (loss) carried forward | 14 | €153,539 | €141,176 | -€12,362 | -8.1% |
| Amounts payable | 17/49 | €50,574 | €51,666 | +€1,093 | +2.2% |
| Amounts payable within one year | 42/48 | €49,758 | €50,916 | +€1,159 | +2.3% |
| Trade debts | 44 | €8,780 | €7,092 | -€1,688 | -19.2% |
| Suppliers | 440/4 | €8,780 | €7,092 | -€1,688 | -19.2% |
| Taxes, remuneration and social security | 45 | €13,340 | €16,270 | +€2,930 | +22.0% |
| Taxes | 450/3 | €1,565 | €4,572 | +€3,007 | +192.1% |
| Remuneration and social security | 454/9 | €11,775 | €11,698 | -€77 | -0.7% |
| Other amounts payable | 47/48 | €27,638 | €27,554 | -€84 | -0.3% |
| Accrued charges and deferred income | 492/3 | €816 | €750 | -€66 | -8.1% |
| Remuneration, social security and pensions | 62 | €63,493 | €66,224 | +€2,731 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,685 | €4,328 | +€644 | +17.5% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €54,062 | €60,694 | +€6,632 | +12.3% |
| Operating profit (loss) | 9901 | -€13,643 | -€10,402 | +€3,241 | +23.8% |
| Financial income | 75/76B | €719 | €485 | -€235 | -32.6% |
| Recurring financial income | 75 | €719 | €485 | -€235 | -32.6% |
| Financial charges | 65/66B | €2,752 | €2,412 | -€340 | -12.3% |
| Recurring financial charges | 65 | €2,752 | €2,412 | -€340 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,676 | -€12,330 | +€3,346 | +21.3% |
| Income taxes | 67/77 | - | €32 | +€32 | |
| Profit (loss) for the period | 9904 | -€15,676 | -€12,362 | +€3,314 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,676 | -€12,362 | +€3,314 | +21.1% |
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 12 October 2026 via checked.be.