SVEN: 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.
SVEN
Largest movements
- Receivables within one year -€14,907
down €14,907 (-40.8%), from €36,513 to €21,606
of which Trade receivables: -€9,344
- Stocks and contracts +€5,765
up €5,765 (+79.5%), from €7,254 to €13,019
- Tangible fixed assets -€2,257
down €2,257 (-15.8%), from €14,319 to €12,063
- Cash +€1,511
up €1,511 (+33.5%), from €4,515 to €6,026
mainly Tax, wage and social debts (+€22,985) and Receivables within one year (+€14,907)
- Tax, wage and social debts +€22,985
up €22,985 (+106%), from €21,644 to €44,629
of which Remuneration and social security: +€23,693
- Profit (loss) carried forward -€17,844
down €17,844 (-48.5%), from -€36,825 to -€54,669
- Trade debts -€8,485
down €8,485 (-23.1%), from €36,749 to €28,264
- Other debts -€8,076
down €8,076 (-94.7%), from €8,526 to €450
- Short-term financial debts +€1,556
up €1,556 (+40.6%), from €3,834 to €5,390
- Write-downs +€28,083
up €28,083 (+1,829%), from €1,535 to €29,618
- Financial income -€9,981
down €9,981 (-99.2%), from €10,062 to €82
of which Non-recurring financial income: -€9,963
- Gross operating margin +€4,592
up €4,592 (+3.3%), from €141,159 to €145,751
- Staff costs +€4,575
up €4,575 (+3.8%), from €121,233 to €125,808
- Other operating charges +€2,012
up €2,012 (+99.4%), from €2,025 to €4,037
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 | €71,030 | €61,166 | -€9,865 | -13.9% |
| Fixed assets | 21/28 | €21,088 | €18,881 | -€2,208 | -10.5% |
| Tangible fixed assets | 22/27 | €14,319 | €12,063 | -€2,257 | -15.8% |
| Plant, machinery and equipment | 23 | €2,087 | €1,005 | -€1,081 | -51.8% |
| Furniture and vehicles | 24 | €5,721 | €5,512 | -€209 | -3.6% |
| Other tangible fixed assets | 26 | €6,512 | €5,545 | -€967 | -14.8% |
| Financial fixed assets | 28 | €6,769 | €6,818 | +€49 | +0.7% |
| Current assets | 29/58 | €49,942 | €42,285 | -€7,657 | -15.3% |
| Stocks and contracts in progress | 3 | €7,254 | €13,019 | +€5,765 | +79.5% |
| Stocks | 30/36 | €7,254 | €13,019 | +€5,765 | +79.5% |
| Amounts receivable within one year | 40/41 | €36,513 | €21,606 | -€14,907 | -40.8% |
| Trade receivables | 40 | €16,794 | €7,450 | -€9,344 | -55.6% |
| Other amounts receivable | 41 | €19,719 | €14,156 | -€5,563 | -28.2% |
| Cash at bank and in hand | 54/58 | €4,515 | €6,026 | +€1,511 | +33.5% |
| Deferred charges and accrued income | 490/1 | €1,660 | €1,635 | -€25 | -1.5% |
| Total equity and liabilities | 10/49 | €71,030 | €61,166 | -€9,865 | -13.9% |
| Equity | 10/15 | €277 | -€17,567 | -€17,844 | |
| Contributions | 10/11 | €34,750 | €34,750 | = | 0.0% |
| Reserves | 13 | €2,352 | €2,352 | = | 0.0% |
| Non-distributable reserves | 130/1 | €535 | €535 | = | 0.0% |
| Reserves not available under the articles | 1311 | €535 | €535 | = | 0.0% |
| Distributable reserves | 133 | €1,817 | €1,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,825 | -€54,669 | -€17,844 | -48.5% |
| Amounts payable | 17/49 | €70,753 | €78,733 | +€7,980 | +11.3% |
| Amounts payable within one year | 42/48 | €70,753 | €78,733 | +€7,980 | +11.3% |
| Financial debts | 43 | €3,834 | €5,390 | +€1,556 | +40.6% |
| Credit institutions | 430/8 | €3,834 | €5,390 | +€1,556 | +40.6% |
| Trade debts | 44 | €36,749 | €28,264 | -€8,485 | -23.1% |
| Suppliers | 440/4 | €36,749 | €28,264 | -€8,485 | -23.1% |
| Taxes, remuneration and social security | 45 | €21,644 | €44,629 | +€22,985 | +106% |
| Taxes | 450/3 | €14,177 | €13,469 | -€708 | -5.0% |
| Remuneration and social security | 454/9 | €7,467 | €31,160 | +€23,693 | +317% |
| Other amounts payable | 47/48 | €8,526 | €450 | -€8,076 | -94.7% |
| Remuneration, social security and pensions | 62 | €121,233 | €125,808 | +€4,575 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,652 | €2,257 | -€1,396 | -38.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,535 | €29,618 | +€28,083 | +1,829% |
| Other operating charges | 640/8 | €2,025 | €4,037 | +€2,012 | +99.4% |
| Gross operating margin | 9900 | €141,159 | €145,751 | +€4,592 | +3.3% |
| Operating profit (loss) | 9901 | €12,714 | -€15,969 | -€28,682 | |
| Financial income | 75/76B | €10,062 | €82 | -€9,981 | -99.2% |
| Recurring financial income | 75 | €99 | €82 | -€17 | -17.3% |
| Non-recurring financial income | 76B | €9,963 | - | -€9,963 | |
| Financial charges | 65/66B | €1,184 | €1,810 | +€625 | +52.8% |
| Recurring financial charges | 65 | €1,184 | €1,810 | +€625 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €21,592 | -€17,697 | -€39,288 | |
| Income taxes | 67/77 | €161 | €147 | -€14 | -8.4% |
| Profit (loss) for the period | 9904 | €21,431 | -€17,844 | -€39,275 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,431 | -€17,844 | -€39,275 |
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 13 October 2026 via checked.be.