SVERDOO: 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.
SVERDOO
Largest movements
- Tangible fixed assets -€23,255
down €23,255 (-24.9%), from €93,475 to €70,220
of which Leasing and similar rights: -€21,554
- Receivables after one year +€9,000
up €9,000 (+46.9%), from €19,200 to €28,200
- Receivables within one year +€3,215
up €3,215 (+59.4%), from €5,414 to €8,629
of which Trade receivables: +€7,036
- Deferred charges and accrued income +€2,074
up €2,074 (+381.4%), from €544 to €2,618
- Cash -€1,287
down €1,287 (-13.2%), from €9,736 to €8,450
mainly Debts after one year (-€18,102) and Other debts (-€9,460)
- Debts after one year -€18,102
down €18,102 (-26.8%), from €67,628 to €49,526
- Other debts -€9,460
down €9,460 (-94.5%), from €10,007 to €547
- Reserves +€6,544
up €6,544 (+30.9%), from €21,171 to €27,715
- Trade debts +€4,936
up €4,936 (+562.0%), from €878 to €5,815
- Tax, wage and social debts +€4,899
up €4,899 (+65.1%), from €7,523 to €12,422
- Gross operating margin -€13,450
down €13,450 (-26.5%), from €50,828 to €37,377
- Depreciation +€4,024
up €4,024 (+20.9%), from €19,231 to €23,255
- Other operating charges -€1,299
down €1,299 (-44.7%), from €2,906 to €1,607
- Taxes -€1,231
down €1,231 (-36.0%), from €3,424 to €2,193
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 | €128,379 | €118,127 | -€10,252 | -8.0% |
| Fixed assets | 21/28 | €93,485 | €70,230 | -€23,255 | -24.9% |
| Tangible fixed assets | 22/27 | €93,475 | €70,220 | -€23,255 | -24.9% |
| Plant, machinery and equipment | 23 | €807 | €416 | -€390 | -48.4% |
| Furniture and vehicles | 24 | €4,735 | €3,424 | -€1,311 | -27.7% |
| Leasing and similar rights | 25 | €87,933 | €66,380 | -€21,554 | -24.5% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €34,894 | €47,897 | +€13,003 | +37.3% |
| Amounts receivable after more than one year | 29 | €19,200 | €28,200 | +€9,000 | +46.9% |
| Other amounts receivable | 291 | €19,200 | €28,200 | +€9,000 | +46.9% |
| Amounts receivable within one year | 40/41 | €5,414 | €8,629 | +€3,215 | +59.4% |
| Trade receivables | 40 | €1,565 | €8,601 | +€7,036 | +449.7% |
| Other amounts receivable | 41 | €3,849 | €28 | -€3,821 | -99.3% |
| Cash at bank and in hand | 54/58 | €9,736 | €8,450 | -€1,287 | -13.2% |
| Deferred charges and accrued income | 490/1 | €544 | €2,618 | +€2,074 | +381.4% |
| Total equity and liabilities | 10/49 | €128,379 | €118,127 | -€10,252 | -8.0% |
| Equity | 10/15 | €25,171 | €31,715 | +€6,544 | +26.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €21,171 | €27,715 | +€6,544 | +30.9% |
| Distributable reserves | 133 | €21,171 | €27,715 | +€6,544 | +30.9% |
| Amounts payable | 17/49 | €103,208 | €86,412 | -€16,796 | -16.3% |
| Amounts payable after more than one year | 17 | €67,628 | €49,526 | -€18,102 | -26.8% |
| Financial debts | 170/4 | €67,628 | €49,526 | -€18,102 | -26.8% |
| Amounts payable within one year | 42/48 | €35,580 | €36,886 | +€1,306 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €17,172 | €18,102 | +€930 | +5.4% |
| Trade debts | 44 | €878 | €5,815 | +€4,936 | +562.0% |
| Suppliers | 440/4 | €878 | €5,815 | +€4,936 | +562.0% |
| Taxes, remuneration and social security | 45 | €7,523 | €12,422 | +€4,899 | +65.1% |
| Taxes | 450/3 | €7,523 | €12,422 | +€4,899 | +65.1% |
| Other amounts payable | 47/48 | €10,007 | €547 | -€9,460 | -94.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,231 | €23,255 | +€4,024 | +20.9% |
| Other operating charges | 640/8 | €2,906 | €1,607 | -€1,299 | -44.7% |
| Gross operating margin | 9900 | €50,828 | €37,377 | -€13,450 | -26.5% |
| Operating profit (loss) | 9901 | €28,690 | €12,515 | -€16,175 | -56.4% |
| Financial income | 75/76B | €597 | €799 | +€202 | +33.8% |
| Recurring financial income | 75 | €597 | €799 | +€202 | +33.8% |
| Financial charges | 65/66B | €4,541 | €4,577 | +€35 | +0.8% |
| Recurring financial charges | 65 | €4,541 | €4,577 | +€35 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €24,746 | €8,737 | -€16,009 | -64.7% |
| Income taxes | 67/77 | €3,424 | €2,193 | -€1,231 | -36.0% |
| Profit (loss) for the period | 9904 | €21,322 | €6,544 | -€14,777 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,322 | €6,544 | -€14,777 | -69.3% |
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 5 October 2026 via checked.be.