SVEN DELARBRE: 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 DELARBRE
Largest movements
- Receivables within one year -€22,694
down €22,694 (-49.2%), from €46,147 to €23,454
of which Trade receivables: -€19,102
- Cash -€21,642
down €21,642 (-41.1%), from €52,602 to €30,961
mainly Net result for the year (-€33,096) and Trade debts (-€10,136)
- Tangible fixed assets -€2,609
down €2,609 (-35.5%), from €7,353 to €4,745
of which Plant, machinery and equipment: -€2,158
- Profit (loss) carried forward -€33,096
new in 2025: -€33,096
- Trade debts -€10,136
down €10,136 (-78.3%), from €12,949 to €2,812
- Tax, wage and social debts -€3,611
down €3,611 (-40.6%), from €8,900 to €5,289
of which Remuneration and social security: -€2,000
- Gross operating margin -€47,611
down €47,611, from €19,236 to -€28,376
- Taxes -€2,861
down €2,861 (-94.1%), from €3,039 to €178
- Financial charges -€941
down €941 (-30.0%), from €3,136 to €2,195
- Depreciation +€576
up €576 (+46.8%), from €1,231 to €1,807
- Financial income +€342
up €342 (+72.6%), from €471 to €813
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 | €109,405 | €62,558 | -€46,847 | -42.8% |
| Formation expenses | 20 | €605 | €398 | -€207 | -34.2% |
| Fixed assets | 21/28 | €7,353 | €4,745 | -€2,609 | -35.5% |
| Tangible fixed assets | 22/27 | €7,353 | €4,745 | -€2,609 | -35.5% |
| Plant, machinery and equipment | 23 | €5,213 | €3,055 | -€2,158 | -41.4% |
| Furniture and vehicles | 24 | €2,140 | €1,689 | -€451 | -21.1% |
| Current assets | 29/58 | €101,447 | €57,415 | -€44,032 | -43.4% |
| Amounts receivable within one year | 40/41 | €46,147 | €23,454 | -€22,694 | -49.2% |
| Trade receivables | 40 | €35,085 | €15,983 | -€19,102 | -54.4% |
| Other amounts receivable | 41 | €11,062 | €7,470 | -€3,592 | -32.5% |
| Cash at bank and in hand | 54/58 | €52,602 | €30,961 | -€21,642 | -41.1% |
| Deferred charges and accrued income | 490/1 | €2,698 | €3,001 | +€304 | +11.3% |
| Total equity and liabilities | 10/49 | €109,405 | €62,558 | -€46,847 | -42.8% |
| Equity | 10/15 | €87,553 | €54,457 | -€33,096 | -37.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €84,553 | €84,553 | = | 0.0% |
| Distributable reserves | 133 | €84,553 | €84,553 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€33,096 | -€33,096 | |
| Amounts payable | 17/49 | €21,852 | €8,101 | -€13,750 | -62.9% |
| Amounts payable within one year | 42/48 | €21,849 | €8,101 | -€13,748 | -62.9% |
| Trade debts | 44 | €12,949 | €2,812 | -€10,136 | -78.3% |
| Suppliers | 440/4 | €12,949 | €2,812 | -€10,136 | -78.3% |
| Taxes, remuneration and social security | 45 | €8,900 | €5,289 | -€3,611 | -40.6% |
| Taxes | 450/3 | €6,900 | €5,289 | -€1,611 | -23.3% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Accrued charges and deferred income | 492/3 | €3 | - | -€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,231 | €1,807 | +€576 | +46.8% |
| Other operating charges | 640/8 | €1,433 | €1,353 | -€80 | -5.6% |
| Gross operating margin | 9900 | €19,236 | -€28,376 | -€47,611 | |
| Operating profit (loss) | 9901 | €16,571 | -€31,536 | -€48,107 | |
| Financial income | 75/76B | €471 | €813 | +€342 | +72.6% |
| Recurring financial income | 75 | €471 | €813 | +€342 | +72.6% |
| Financial charges | 65/66B | €3,136 | €2,195 | -€941 | -30.0% |
| Recurring financial charges | 65 | €3,136 | €2,195 | -€941 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €13,906 | -€32,918 | -€46,824 | |
| Income taxes | 67/77 | €3,039 | €178 | -€2,861 | -94.1% |
| Profit (loss) for the period | 9904 | €10,867 | -€33,096 | -€43,963 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,867 | -€33,096 | -€43,963 |
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 30 October 2026 via checked.be.