SVENCO: 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.
SVENCO
Largest movements
- Receivables within one year -€10,148
down €10,148 (-24.7%), from €41,055 to €30,907
of which Trade receivables: -€6,068
- Cash +€9,720
up €9,720 (+172%), from €5,639 to €15,359
mainly Receivables within one year (+€10,148) and Net result for the year (+€9,969)
- Tangible fixed assets -€9,262
down €9,262 (-23.9%), from €38,829 to €29,567
of which Furniture and vehicles: -€7,396
- Debts after one year -€6,820
down €6,820 (-24.1%), from €28,352 to €21,532
- Reserves -€4,731
down €4,731 (-11.0%), from €43,177 to €38,446
of which Distributable reserves: -€3,801
- Tax, wage and social debts +€2,768
up €2,768 (+271%), from €1,022 to €3,790
- Depreciation +€5,714
up €5,714 (+161%), from €3,548 to €9,262
- Taxes +€1,972
up €1,972 (+56.1%), from €3,518 to €5,490
- Gross operating margin -€1,457
down €1,457 (-5.2%), from €28,225 to €26,768
- Financial charges +€451
up €451 (+45.8%), from €984 to €1,435
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 | €89,301 | €79,889 | -€9,412 | -10.5% |
| Fixed assets | 21/28 | €41,358 | €32,096 | -€9,262 | -22.4% |
| Tangible fixed assets | 22/27 | €38,829 | €29,567 | -€9,262 | -23.9% |
| Plant, machinery and equipment | 23 | €845 | €62 | -€783 | -92.7% |
| Furniture and vehicles | 24 | €35,747 | €28,351 | -€7,396 | -20.7% |
| Other tangible fixed assets | 26 | €2,237 | €1,154 | -€1,083 | -48.4% |
| Financial fixed assets | 28 | €2,529 | €2,529 | = | 0.0% |
| Current assets | 29/58 | €47,943 | €47,793 | -€150 | -0.3% |
| Amounts receivable within one year | 40/41 | €41,055 | €30,907 | -€10,148 | -24.7% |
| Trade receivables | 40 | €8,659 | €2,591 | -€6,068 | -70.1% |
| Other amounts receivable | 41 | €32,396 | €28,316 | -€4,080 | -12.6% |
| Cash at bank and in hand | 54/58 | €5,639 | €15,359 | +€9,720 | +172% |
| Deferred charges and accrued income | 490/1 | €1,249 | €1,527 | +€278 | +22.3% |
| Total equity and liabilities | 10/49 | €89,301 | €79,889 | -€9,412 | -10.5% |
| Equity | 10/15 | €49,374 | €44,643 | -€4,731 | -9.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €43,177 | €38,446 | -€4,731 | -11.0% |
| Tax-exempt reserves | 132 | €4,495 | €3,565 | -€930 | -20.7% |
| Distributable reserves | 133 | €38,682 | €34,881 | -€3,801 | -9.8% |
| Provisions and deferred taxes | 16 | €1,498 | €1,188 | -€310 | -20.7% |
| Deferred taxes | 168 | €1,498 | €1,188 | -€310 | -20.7% |
| Amounts payable | 17/49 | €38,429 | €34,058 | -€4,371 | -11.4% |
| Amounts payable after more than one year | 17 | €28,352 | €21,532 | -€6,820 | -24.1% |
| Financial debts | 170/4 | €28,352 | €21,532 | -€6,820 | -24.1% |
| Amounts payable within one year | 42/48 | €10,077 | €12,526 | +€2,449 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €6,518 | €6,820 | +€302 | +4.6% |
| Trade debts | 44 | €2,537 | €1,916 | -€621 | -24.5% |
| Suppliers | 440/4 | €2,537 | €1,916 | -€621 | -24.5% |
| Taxes, remuneration and social security | 45 | €1,022 | €3,790 | +€2,768 | +271% |
| Taxes | 450/3 | €1,022 | €3,790 | +€2,768 | +271% |
| Non-recurring operating income | 76A | €6,200 | - | -€6,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,548 | €9,262 | +€5,714 | +161% |
| Other operating charges | 640/8 | €1,028 | €923 | -€105 | -10.2% |
| Gross operating margin | 9900 | €28,225 | €26,768 | -€1,457 | -5.2% |
| Operating profit (loss) | 9901 | €23,649 | €16,583 | -€7,066 | -29.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €984 | €1,435 | +€451 | +45.8% |
| Recurring financial charges | 65 | €984 | €1,435 | +€451 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €22,665 | €15,149 | -€7,516 | -33.2% |
| Transfer from deferred taxes | 780 | €52 | €310 | +€258 | +496% |
| Transfer to deferred taxes | 680 | €1,550 | - | -€1,550 | |
| Income taxes | 67/77 | €3,518 | €5,490 | +€1,972 | +56.1% |
| Profit (loss) for the period | 9904 | €17,649 | €9,969 | -€7,680 | -43.5% |
| Transfer from tax-exempt reserves | 789 | €155 | €930 | +€775 | +500% |
| Transfer to tax-exempt reserves | 689 | €4,650 | - | -€4,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,154 | €10,899 | -€2,255 | -17.1% |
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 20 October 2026 via checked.be.