SVENSON: 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.
SVENSON
Largest movements
- Tangible fixed assets +€276,861
up €276,861 (+74.7%), from €370,458 to €647,319
of which Land and buildings: +€300,694
- Cash +€48,289
up €48,289 (+79.8%), from €60,500 to €108,789
mainly Trade debts (+€232,724) and Net result for the year (+€51,406)
- Trade debts +€232,724
up €232,724 (+576.9%), from €40,341 to €273,064
- Profit (loss) carried forward +€51,406
up €51,406 (+32.0%), from €160,653 to €212,060
- Accrued charges and deferred income +€48,423
new in 2025: €48,423
- Tax, wage and social debts +€20,686
up €20,686 (+1555.8%), from €1,330 to €22,016
of which Taxes: +€20,886
- Debts after one year -€13,789
down €13,789 (-6.0%), from €231,110 to €217,322
- Gross operating margin +€93,448
up €93,448 (+145.8%), from €64,083 to €157,531
- Other operating charges +€42,078
up €42,078 (+1564.2%), from €2,690 to €44,768
- Taxes +€10,184
up €10,184 (+248.0%), from €4,106 to €14,289
- Depreciation +€4,875
up €4,875 (+14.8%), from €32,918 to €37,793
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 | €464,229 | €792,227 | +€327,999 | +70.7% |
| Fixed assets | 21/28 | €370,458 | €647,319 | +€276,861 | +74.7% |
| Tangible fixed assets | 22/27 | €370,458 | €647,319 | +€276,861 | +74.7% |
| Land and buildings | 22 | €314,562 | €615,256 | +€300,694 | +95.6% |
| Furniture and vehicles | 24 | €24,958 | €18,089 | -€6,869 | -27.5% |
| Leasing and similar rights | 25 | €19,252 | €3,850 | -€15,402 | -80.0% |
| Other tangible fixed assets | 26 | €11,686 | €10,124 | -€1,563 | -13.4% |
| Current assets | 29/58 | €93,771 | €144,909 | +€51,138 | +54.5% |
| Amounts receivable within one year | 40/41 | €33,271 | €36,120 | +€2,849 | +8.6% |
| Trade receivables | 40 | €22,916 | €28,139 | +€5,223 | +22.8% |
| Other amounts receivable | 41 | €10,355 | €7,981 | -€2,375 | -22.9% |
| Cash at bank and in hand | 54/58 | €60,500 | €108,789 | +€48,289 | +79.8% |
| Total equity and liabilities | 10/49 | €464,229 | €792,227 | +€327,999 | +70.7% |
| Equity | 10/15 | €166,208 | €217,615 | +€51,406 | +30.9% |
| Contributions | 10/11 | €5,555 | €5,555 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,653 | €212,060 | +€51,406 | +32.0% |
| Amounts payable | 17/49 | €298,021 | €574,613 | +€276,592 | +92.8% |
| Amounts payable after more than one year | 17 | €231,110 | €217,322 | -€13,789 | -6.0% |
| Financial debts | 170/4 | €231,110 | €217,322 | -€13,789 | -6.0% |
| Amounts payable within one year | 42/48 | €66,910 | €308,868 | +€241,958 | +361.6% |
| Current portion of amounts payable after more than one year | 42 | €25,240 | €13,789 | -€11,451 | -45.4% |
| Trade debts | 44 | €40,341 | €273,064 | +€232,724 | +576.9% |
| Suppliers | 440/4 | €40,341 | €273,064 | +€232,724 | +576.9% |
| Taxes, remuneration and social security | 45 | €1,330 | €22,016 | +€20,686 | +1555.8% |
| Taxes | 450/3 | €1,130 | €22,016 | +€20,886 | +1848.2% |
| Remuneration and social security | 454/9 | €200 | - | -€200 | |
| Accrued charges and deferred income | 492/3 | - | €48,423 | +€48,423 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,918 | €37,793 | +€4,875 | +14.8% |
| Other operating charges | 640/8 | €2,690 | €44,768 | +€42,078 | +1564.2% |
| Gross operating margin | 9900 | €64,083 | €157,531 | +€93,448 | +145.8% |
| Operating profit (loss) | 9901 | €28,475 | €74,971 | +€46,495 | +163.3% |
| Financial income | 75/76B | €3 | €591 | +€588 | +19076.6% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -76.3% |
| Non-recurring financial income | 76B | - | €590 | +€590 | |
| Financial charges | 65/66B | €9,807 | €9,866 | +€59 | +0.6% |
| Recurring financial charges | 65 | €9,807 | €9,866 | +€59 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €18,671 | €65,696 | +€47,024 | +251.9% |
| Income taxes | 67/77 | €4,106 | €14,289 | +€10,184 | +248.0% |
| Profit (loss) for the period | 9904 | €14,565 | €51,406 | +€36,841 | +252.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,565 | €51,406 | +€36,841 | +252.9% |
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.