SVEPI: 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.
SVEPI
Largest movements
- Cash -€47,099
down €47,099 (-88.2%), from €53,379 to €6,280
mainly Net result for the year (-€38,009) and Tax, wage and social debts (-€28,597)
- Tangible fixed assets -€45,034
down €45,034 (-10.1%), from €445,289 to €400,255
of which Other tangible fixed assets: -€40,180
- Profit (loss) carried forward -€38,009
down €38,009, from €0 to -€38,009
- Tax, wage and social debts -€28,597
down €28,597 (-97.1%), from €29,442 to €845
- Other debts -€26,174
down €26,174 (-59.4%), from €44,028 to €17,854
- Trade debts -€6,084
down €6,084 (-68.5%), from €8,876 to €2,792
- Gross operating margin -€185,417
down €185,417 (-93.1%), from €199,076 to €13,660
- Taxes -€16,007
down €16,007 (-100%), from €16,007 to €0
- Depreciation +€14,714
up €14,714 (+43.6%), from €33,782 to €48,496
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 | €563,641 | €464,778 | -€98,863 | -17.5% |
| Fixed assets | 21/28 | €445,289 | €400,255 | -€45,034 | -10.1% |
| Tangible fixed assets | 22/27 | €445,289 | €400,255 | -€45,034 | -10.1% |
| Plant, machinery and equipment | 23 | €14,307 | €10,791 | -€3,516 | -24.6% |
| Furniture and vehicles | 24 | €14,102 | €12,765 | -€1,337 | -9.5% |
| Other tangible fixed assets | 26 | €416,880 | €376,700 | -€40,180 | -9.6% |
| Current assets | 29/58 | €118,352 | €64,523 | -€53,829 | -45.5% |
| Amounts receivable within one year | 40/41 | €63,725 | €58,094 | -€5,631 | -8.8% |
| Trade receivables | 40 | €63,725 | €58,090 | -€5,635 | -8.8% |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Cash at bank and in hand | 54/58 | €53,379 | €6,280 | -€47,099 | -88.2% |
| Deferred charges and accrued income | 490/1 | €1,248 | €149 | -€1,100 | -88.1% |
| Total equity and liabilities | 10/49 | €563,641 | €464,778 | -€98,863 | -17.5% |
| Equity | 10/15 | €481,296 | €443,287 | -€38,009 | -7.9% |
| Contributions | 10/11 | €18,593 | €18,593 | = | 0.0% |
| Reserves | 13 | €462,703 | €462,703 | = | 0.0% |
| Distributable reserves | 133 | €462,703 | €462,703 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€38,009 | -€38,009 | |
| Amounts payable | 17/49 | €82,345 | €21,491 | -€60,855 | -73.9% |
| Amounts payable within one year | 42/48 | €82,345 | €21,491 | -€60,855 | -73.9% |
| Trade debts | 44 | €8,876 | €2,792 | -€6,084 | -68.5% |
| Suppliers | 440/4 | €8,876 | €2,792 | -€6,084 | -68.5% |
| Taxes, remuneration and social security | 45 | €29,442 | €845 | -€28,597 | -97.1% |
| Taxes | 450/3 | €29,442 | €845 | -€28,597 | -97.1% |
| Other amounts payable | 47/48 | €44,028 | €17,854 | -€26,174 | -59.4% |
| Non-recurring operating income | 76A | €102,581 | €0 | -€102,581 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,782 | €48,496 | +€14,714 | +43.6% |
| Other operating charges | 640/8 | €4,093 | €2,999 | -€1,093 | -26.7% |
| Gross operating margin | 9900 | €199,076 | €13,660 | -€185,417 | -93.1% |
| Operating profit (loss) | 9901 | €161,202 | -€37,836 | -€199,037 | |
| Financial income | 75/76B | €300 | €0 | -€300 | -100% |
| Recurring financial income | 75 | €300 | €0 | -€300 | -100% |
| Financial charges | 65/66B | €243 | €173 | -€70 | -28.9% |
| Recurring financial charges | 65 | €243 | €173 | -€70 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €161,258 | -€38,009 | -€199,267 | |
| Income taxes | 67/77 | €16,007 | €0 | -€16,007 | -100% |
| Profit (loss) for the period | 9904 | €145,251 | -€38,009 | -€183,260 | |
| Profit (loss) for the period to be appropriated | 9905 | €145,251 | -€38,009 | -€183,260 |
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 30 October 2026 via checked.be.