Sverly: 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.
Sverly
Largest movements
- Cash -€20,919
down €20,919 (-33.8%), from €61,805 to €40,886
mainly Contributions, distributions and other (-€160,993) and Receivables within one year (-€19,193)
- Receivables within one year +€19,193
up €19,193 (+571.0%), from €3,361 to €22,554
of which Trade receivables: +€22,554
- Other debts +€52,421
new in 2025: €52,421
- Reserves -€44,428
down €44,428 (-7.0%), from €633,760 to €589,332
of which Distributable reserves: -€44,428
- Trade debts -€18,625
down €18,625 (-95.2%), from €19,566 to €941
- Tax, wage and social debts +€10,480
up €10,480 (+60.1%), from €17,437 to €27,917
of which Taxes: +€6,880
- Gross operating margin +€31,451
up €31,451 (+28.3%), from €111,223 to €142,675
- Taxes +€7,479
up €7,479 (+20.9%), from €35,828 to €43,307
- Financial income +€4,072
up €4,072 (+17.9%), from €22,800 to €26,872
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 | €676,963 | €671,511 | -€5,452 | -0.8% |
| Fixed assets | 21/28 | €104,260 | €100,055 | -€4,205 | -4.0% |
| Tangible fixed assets | 22/27 | €104,260 | €100,055 | -€4,205 | -4.0% |
| Land and buildings | 22 | €87,378 | €79,508 | -€7,870 | -9.0% |
| Plant, machinery and equipment | 23 | €8,671 | €6,109 | -€2,562 | -29.6% |
| Furniture and vehicles | 24 | €1,640 | €9,361 | +€7,721 | +470.9% |
| Other tangible fixed assets | 26 | €6,571 | €5,077 | -€1,494 | -22.7% |
| Current assets | 29/58 | €572,702 | €571,456 | -€1,246 | -0.2% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,361 | €22,554 | +€19,193 | +571.0% |
| Trade receivables | 40 | - | €22,554 | +€22,554 | |
| Other amounts receivable | 41 | €3,361 | €0 | -€3,361 | -100.0% |
| Current investments | 50/53 | €239,844 | €239,844 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €61,805 | €40,886 | -€20,919 | -33.8% |
| Deferred charges and accrued income | 490/1 | €17,691 | €18,171 | +€480 | +2.7% |
| Total equity and liabilities | 10/49 | €676,963 | €671,511 | -€5,452 | -0.8% |
| Equity | 10/15 | €639,960 | €589,332 | -€50,628 | -7.9% |
| Contributions | 10/11 | €6,200 | €0 | -€6,200 | -100.0% |
| Reserves | 13 | €633,760 | €589,332 | -€44,428 | -7.0% |
| Tax-exempt reserves | 132 | €1,625 | €1,625 | = | 0.0% |
| Distributable reserves | 133 | €632,135 | €587,707 | -€44,428 | -7.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €37,002 | €82,178 | +€45,176 | +122.1% |
| Amounts payable within one year | 42/48 | €37,002 | €81,278 | +€44,276 | +119.7% |
| Trade debts | 44 | €19,566 | €941 | -€18,625 | -95.2% |
| Suppliers | 440/4 | €19,566 | €941 | -€18,625 | -95.2% |
| Taxes, remuneration and social security | 45 | €17,437 | €27,917 | +€10,480 | +60.1% |
| Taxes | 450/3 | €17,437 | €24,317 | +€6,880 | +39.5% |
| Remuneration and social security | 454/9 | - | €3,600 | +€3,600 | |
| Other amounts payable | 47/48 | - | €52,421 | +€52,421 | |
| Accrued charges and deferred income | 492/3 | - | €900 | +€900 | |
| Remuneration, social security and pensions | 62 | €157 | €243 | +€86 | +55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,044 | €12,333 | +€290 | +2.4% |
| Other operating charges | 640/8 | €1,305 | €1,744 | +€439 | +33.6% |
| Non-recurring operating charges | 66A | - | €400 | +€400 | |
| Gross operating margin | 9900 | €111,223 | €142,675 | +€31,451 | +28.3% |
| Operating profit (loss) | 9901 | €97,718 | €127,954 | +€30,236 | +30.9% |
| Financial income | 75/76B | €22,800 | €26,872 | +€4,072 | +17.9% |
| Recurring financial income | 75 | €22,800 | €26,872 | +€4,072 | +17.9% |
| Financial charges | 65/66B | €1,087 | €1,154 | +€67 | +6.2% |
| Recurring financial charges | 65 | €1,087 | €1,154 | +€67 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €119,431 | €153,672 | +€34,241 | +28.7% |
| Income taxes | 67/77 | €35,828 | €43,307 | +€7,479 | +20.9% |
| Profit (loss) for the period | 9904 | €83,603 | €110,365 | +€26,762 | +32.0% |
| Transfer to tax-exempt reserves | 689 | €290 | €0 | -€290 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,313 | €110,365 | +€27,052 | +32.5% |
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 10 October 2026 via checked.be.