SVENLI: what changed
Two fiscal 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.
SVENLI
Largest movements
- Tangible fixed assets -€19,473
down €19,473 (-13.0%), from €149,874 to €130,401
of which Furniture and vehicles: -€10,606
- Cash +€16,321
up €16,321 (+21.0%), from €77,631 to €93,953
mainly Depreciation (+€19,473) and Receivables within one year (+€10,636)
- Current investments +€10,663
up €10,663 (+12.6%), from €84,560 to €95,224
- Receivables within one year -€10,636
down €10,636 (-24.8%), from €42,844 to €32,208
of which Trade receivables: -€11,948
- Trade debts -€11,635
down €11,635 (-37.5%), from €31,026 to €19,391
- Reserves +€8,717
up €8,717 (+3.1%), from €278,388 to €287,105
of which Distributable reserves: +€8,717
- Tax, wage and social debts -€4,977
down €4,977 (-22.9%), from €21,723 to €16,745
of which Taxes: -€4,984
- Gross operating margin -€39,591
down €39,591 (-57.1%), from €69,323 to €29,733
- Financial income +€6,670
up €6,670 (+236.9%), from €2,815 to €9,485
of which Non-recurring financial income: +€5,831
- Taxes -€4,374
down €4,374 (-49.8%), from €8,790 to €4,416
- Depreciation -€4,107
down €4,107 (-17.4%), from €23,581 to €19,473
- Other operating charges -€2,289
down €2,289 (-44.7%), from €5,118 to €2,829
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 | €385,223 | €380,208 | -€5,014 | -1.3% |
| Fixed assets | 21/28 | €149,874 | €130,401 | -€19,473 | -13.0% |
| Tangible fixed assets | 22/27 | €149,874 | €130,401 | -€19,473 | -13.0% |
| Land and buildings | 22 | €33,485 | €28,553 | -€4,932 | -14.7% |
| Furniture and vehicles | 24 | €91,529 | €80,924 | -€10,606 | -11.6% |
| Other tangible fixed assets | 26 | €24,860 | €20,924 | -€3,936 | -15.8% |
| Current assets | 29/58 | €235,349 | €249,808 | +€14,459 | +6.1% |
| Stocks and contracts in progress | 3 | €28,323 | €27,493 | -€830 | -2.9% |
| Stocks | 30/36 | €28,323 | €27,493 | -€830 | -2.9% |
| Amounts receivable within one year | 40/41 | €42,844 | €32,208 | -€10,636 | -24.8% |
| Trade receivables | 40 | €42,843 | €30,895 | -€11,948 | -27.9% |
| Other amounts receivable | 41 | €1 | €1,313 | +€1,312 | +142638.0% |
| Current investments | 50/53 | €84,560 | €95,224 | +€10,663 | +12.6% |
| Cash at bank and in hand | 54/58 | €77,631 | €93,953 | +€16,321 | +21.0% |
| Deferred charges and accrued income | 490/1 | €1,990 | €930 | -€1,060 | -53.2% |
| Total equity and liabilities | 10/49 | €385,223 | €380,208 | -€5,014 | -1.3% |
| Equity | 10/15 | €296,988 | €305,705 | +€8,717 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €278,388 | €287,105 | +€8,717 | +3.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €276,528 | €285,245 | +€8,717 | +3.2% |
| Amounts payable | 17/49 | €88,234 | €74,503 | -€13,731 | -15.6% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,959 | €50,628 | -€14,331 | -22.1% |
| Trade debts | 44 | €31,026 | €19,391 | -€11,635 | -37.5% |
| Suppliers | 440/4 | €31,026 | €19,391 | -€11,635 | -37.5% |
| Taxes, remuneration and social security | 45 | €21,723 | €16,745 | -€4,977 | -22.9% |
| Taxes | 450/3 | €20,000 | €15,016 | -€4,984 | -24.9% |
| Remuneration and social security | 454/9 | €1,723 | €1,730 | +€7 | +0.4% |
| Other amounts payable | 47/48 | €12,211 | €14,492 | +€2,281 | +18.7% |
| Accrued charges and deferred income | 492/3 | €3,275 | €3,875 | +€600 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,581 | €19,473 | -€4,107 | -17.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€288 | - | +€288 | |
| Other operating charges | 640/8 | €5,118 | €2,829 | -€2,289 | -44.7% |
| Gross operating margin | 9900 | €69,323 | €29,733 | -€39,591 | -57.1% |
| Operating profit (loss) | 9901 | €40,913 | €7,430 | -€33,483 | -81.8% |
| Financial income | 75/76B | €2,815 | €9,485 | +€6,670 | +236.9% |
| Recurring financial income | 75 | €2,815 | €3,653 | +€838 | +29.8% |
| Non-recurring financial income | 76B | - | €5,831 | +€5,831 | |
| Financial charges | 65/66B | €2,051 | €2,116 | +€66 | +3.2% |
| Recurring financial charges | 65 | €2,051 | €2,116 | +€66 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €41,677 | €14,798 | -€26,878 | -64.5% |
| Income taxes | 67/77 | €8,790 | €4,416 | -€4,374 | -49.8% |
| Profit (loss) for the period | 9904 | €32,887 | €10,383 | -€22,504 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,887 | €10,383 | -€22,504 | -68.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.