SVENICO: 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.
SVENICO
Largest movements
- Tangible fixed assets +€3.4m
new in 2025: €3.4m
of which Land and buildings: +€3.3m
- Financial fixed assets -€799,802
down €799,802 (-52.9%), from €1.5m to €711,698
- Intangible fixed assets +€432,859
new in 2025: €432,859
- Receivables within one year -€298,766
down €298,766 (-78.0%), from €383,083 to €84,317
of which Other amounts receivable: -€319,592
- Cash +€110,584
up €110,584 (+925%), from €11,957 to €122,541
mainly Contributions, distributions and other (+€2.6m) and Receivables within one year (+€298,766)
- Contributions +€2.8m
up €2.8m (+15,037%), from €18,600 to €2.8m
- Reserves -€930,202
down €930,202 (-47.9%), from €1.9m to €1.0m
of which Distributable reserves: -€945,476
- Revaluation surpluses +€539,479
new in 2025: €539,479
- Debts after one year +€192,090
new in 2025: €192,090
- Other debts +€150,000
new in 2025: €150,000
- Depreciation +€187,553
up €187,553 (+10,488%), from €1,788 to €189,342
- Gross operating margin +€68,381
up €68,381, from -€2,321 to €66,060
- Other operating charges +€21,705
up €21,705 (+2,470%), from €879 to €22,584
- Financial charges +€5,011
up €5,011 (+729%), from €688 to €5,699
- Financial income -€2,560
down €2,560 (-43.6%), from €5,866 to €3,306
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 | €1,961,203 | €4,830,232 | +€2.9m | +146% |
| Fixed assets | 21/28 | €1,511,500 | €4,556,712 | +€3.0m | +201% |
| Intangible fixed assets | 21 | - | €432,859 | +€432,859 | |
| Tangible fixed assets | 22/27 | - | €3,412,155 | +€3.4m | |
| Land and buildings | 22 | - | €3,340,602 | +€3.3m | |
| Plant, machinery and equipment | 23 | - | €71,553 | +€71,553 | |
| Financial fixed assets | 28 | €1,511,500 | €711,698 | -€799,802 | -52.9% |
| Current assets | 29/58 | €449,703 | €273,520 | -€176,183 | -39.2% |
| Amounts receivable within one year | 40/41 | €383,083 | €84,317 | -€298,766 | -78.0% |
| Trade receivables | 40 | - | €20,825 | +€20,825 | |
| Other amounts receivable | 41 | €383,083 | €63,492 | -€319,592 | -83.4% |
| Current investments | 50/53 | €54,663 | €66,662 | +€12,000 | +22.0% |
| Cash at bank and in hand | 54/58 | €11,957 | €122,541 | +€110,584 | +925% |
| Total equity and liabilities | 10/49 | €1,961,203 | €4,830,232 | +€2.9m | +146% |
| Equity | 10/15 | €1,961,203 | €4,367,369 | +€2.4m | +123% |
| Contributions | 10/11 | €18,600 | €2,815,489 | +€2.8m | +15,037% |
| Revaluation surpluses | 12 | - | €539,479 | +€539,479 | |
| Reserves | 13 | €1,942,603 | €1,012,401 | -€930,202 | -47.9% |
| Non-distributable reserves | 130/1 | - | €6,766 | +€6,766 | |
| Reserves not available under the articles | 1311 | - | €6,766 | +€6,766 | |
| Tax-exempt reserves | 132 | - | €8,507 | +€8,507 | |
| Distributable reserves | 133 | €1,942,603 | €997,127 | -€945,476 | -48.7% |
| Amounts payable | 17/49 | - | €462,864 | +€462,864 | |
| Amounts payable after more than one year | 17 | - | €192,090 | +€192,090 | |
| Financial debts | 170/4 | - | €192,090 | +€192,090 | |
| Amounts payable within one year | 42/48 | - | €250,644 | +€250,644 | |
| Current portion of amounts payable after more than one year | 42 | - | €77,225 | +€77,225 | |
| Trade debts | 44 | - | €18,445 | +€18,445 | |
| Suppliers | 440/4 | - | €18,445 | +€18,445 | |
| Taxes, remuneration and social security | 45 | - | €4,974 | +€4,974 | |
| Taxes | 450/3 | - | €4,974 | +€4,974 | |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Accrued charges and deferred income | 492/3 | - | €20,130 | +€20,130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,788 | €189,342 | +€187,553 | +10,488% |
| Other operating charges | 640/8 | €879 | €22,584 | +€21,705 | +2,470% |
| Gross operating margin | 9900 | -€2,321 | €66,060 | +€68,381 | |
| Operating profit (loss) | 9901 | -€4,988 | -€145,865 | -€140,877 | -2,824% |
| Financial income | 75/76B | €5,866 | €3,306 | -€2,560 | -43.6% |
| Recurring financial income | 75 | €5,866 | €3,306 | -€2,560 | -43.6% |
| Financial charges | 65/66B | €688 | €5,699 | +€5,011 | +729% |
| Recurring financial charges | 65 | €688 | €5,699 | +€5,011 | +729% |
| Profit (loss) for the period before taxes | 9903 | €190 | -€148,258 | -€148,449 | |
| Profit (loss) for the period | 9904 | €190 | -€148,258 | -€148,449 | |
| Profit (loss) for the period to be appropriated | 9905 | €190 | -€148,258 | -€148,449 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.