SVENSON ART: 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.
SVENSON ART
Largest movements
- Receivables within one year -€29,683
down €29,683 (-50.9%), from €58,343 to €28,660
of which Trade receivables: -€20,956
- Cash -€26,296
down €26,296 (-49.4%), from €53,245 to €26,949
mainly Trade debts (-€52,187) and Net result for the year (-€13,702)
- Stocks and contracts -€15,477
down €15,477 (-8.8%), from €176,060 to €160,582
- Tangible fixed assets -€6,472
down €6,472 (-25.6%), from €25,255 to €18,782
of which Leasing and similar rights: -€4,985
- Trade debts -€52,187
down €52,187 (-59.2%), from €88,131 to €35,944
- Profit (loss) carried forward -€13,702
down €13,702 (-83.4%), from -€16,420 to -€30,122
- Reserves -€8,438
down €8,438 (-3.9%), from €215,511 to €207,073
of which Distributable reserves: -€8,438
- Debts after one year -€4,263
no longer reported in 2025 (was €4,263)
- Gross operating margin +€3,300
up €3,300 (+41.8%), from -€7,894 to -€4,594
- Financial charges +€256
up €256 (+23.8%), from €1,077 to €1,333
- Financial income -€181
down €181 (-51.0%), from €355 to €174
- Other operating charges +€95
up €95 (+9.3%), from €1,022 to €1,117
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 | €319,791 | €241,497 | -€78,295 | -24.5% |
| Fixed assets | 21/28 | €28,455 | €21,982 | -€6,472 | -22.7% |
| Tangible fixed assets | 22/27 | €25,255 | €18,782 | -€6,472 | -25.6% |
| Land and buildings | 22 | €933 | €700 | -€233 | -25.0% |
| Plant, machinery and equipment | 23 | €4,016 | €3,286 | -€731 | -18.2% |
| Furniture and vehicles | 24 | €12,452 | €11,929 | -€524 | -4.2% |
| Leasing and similar rights | 25 | €7,853 | €2,868 | -€4,985 | -63.5% |
| Financial fixed assets | 28 | €3,200 | €3,200 | = | 0.0% |
| Current assets | 29/58 | €291,336 | €219,514 | -€71,822 | -24.7% |
| Stocks and contracts in progress | 3 | €176,060 | €160,582 | -€15,477 | -8.8% |
| Stocks | 30/36 | €176,060 | €160,582 | -€15,477 | -8.8% |
| Amounts receivable within one year | 40/41 | €58,343 | €28,660 | -€29,683 | -50.9% |
| Trade receivables | 40 | €28,020 | €7,064 | -€20,956 | -74.8% |
| Other amounts receivable | 41 | €30,323 | €21,596 | -€8,726 | -28.8% |
| Cash at bank and in hand | 54/58 | €53,245 | €26,949 | -€26,296 | -49.4% |
| Deferred charges and accrued income | 490/1 | €3,689 | €3,322 | -€366 | -9.9% |
| Total equity and liabilities | 10/49 | €319,791 | €241,497 | -€78,295 | -24.5% |
| Equity | 10/15 | €219,091 | €196,952 | -€22,140 | -10.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €215,511 | €207,073 | -€8,438 | -3.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €213,511 | €205,073 | -€8,438 | -4.0% |
| Profit (loss) carried forward | 14 | -€16,420 | -€30,122 | -€13,702 | -83.4% |
| Amounts payable | 17/49 | €100,700 | €44,545 | -€56,155 | -55.8% |
| Amounts payable after more than one year | 17 | €4,263 | - | -€4,263 | |
| Financial debts | 170/4 | €4,263 | - | -€4,263 | |
| Amounts payable within one year | 42/48 | €96,437 | €43,507 | -€52,930 | -54.9% |
| Current portion of amounts payable after more than one year | 42 | €4,855 | €4,263 | -€592 | -12.2% |
| Trade debts | 44 | €88,131 | €35,944 | -€52,187 | -59.2% |
| Suppliers | 440/4 | €88,131 | €35,944 | -€52,187 | -59.2% |
| Taxes, remuneration and social security | 45 | €3,451 | €3,300 | -€151 | -4.4% |
| Taxes | 450/3 | €3,451 | €3,300 | -€151 | -4.4% |
| Accrued charges and deferred income | 492/3 | - | €1,038 | +€1,038 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,782 | €6,831 | +€50 | +0.7% |
| Other operating charges | 640/8 | €1,022 | €1,117 | +€95 | +9.3% |
| Gross operating margin | 9900 | -€7,894 | -€4,594 | +€3,300 | +41.8% |
| Operating profit (loss) | 9901 | -€15,698 | -€12,543 | +€3,155 | +20.1% |
| Financial income | 75/76B | €355 | €174 | -€181 | -51.0% |
| Recurring financial income | 75 | €355 | €174 | -€181 | -51.0% |
| Financial charges | 65/66B | €1,077 | €1,333 | +€256 | +23.8% |
| Recurring financial charges | 65 | €1,077 | €1,333 | +€256 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,420 | -€13,702 | +€2,718 | +16.6% |
| Profit (loss) for the period | 9904 | -€16,420 | -€13,702 | +€2,718 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,420 | -€13,702 | +€2,718 | +16.6% |
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 31 October 2026 via checked.be.