Svevi: 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.
Svevi
Largest movements
- Cash +€183,727
up €183,727 (+160.1%), from €114,733 to €298,460
mainly Net result for the year (+€194,777) and Short-term financial debts (+€75,000)
- Receivables within one year +€85,419
up €85,419 (+38.2%), from €223,628 to €309,047
of which Other amounts receivable: +€87,739
- Tangible fixed assets -€8,702
down €8,702 (-10.0%), from €87,249 to €78,547
of which Land and buildings: -€8,338
- Reserves +€193,111
up €193,111 (+141.9%), from €136,072 to €329,182
- Short-term financial debts +€75,000
new in 2025: €75,000
- Gross operating margin +€180,017
up €180,017 (+124.1%), from €145,004 to €325,020
- Taxes +€37,146
up €37,146 (+127.8%), from €29,071 to €66,217
- Other operating charges +€34,759
up €34,759 (+207.5%), from €16,750 to €51,509
- Financial income +€6,895
up €6,895 (+202.6%), from €3,404 to €10,299
- Financial charges +€3,539
up €3,539 (+91.3%), from €3,876 to €7,415
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 | €466,989 | €725,525 | +€258,536 | +55.4% |
| Fixed assets | 21/28 | €87,249 | €78,547 | -€8,702 | -10.0% |
| Tangible fixed assets | 22/27 | €87,249 | €78,547 | -€8,702 | -10.0% |
| Land and buildings | 22 | €68,318 | €59,980 | -€8,338 | -12.2% |
| Plant, machinery and equipment | 23 | €4,853 | €9,327 | +€4,475 | +92.2% |
| Furniture and vehicles | 24 | €10,678 | €6,202 | -€4,476 | -41.9% |
| Other tangible fixed assets | 26 | €3,401 | €3,038 | -€362 | -10.7% |
| Current assets | 29/58 | €379,741 | €646,978 | +€267,238 | +70.4% |
| Stocks and contracts in progress | 3 | €40,500 | €38,000 | -€2,500 | -6.2% |
| Stocks | 30/36 | €40,500 | €38,000 | -€2,500 | -6.2% |
| Amounts receivable within one year | 40/41 | €223,628 | €309,047 | +€85,419 | +38.2% |
| Trade receivables | 40 | €205,261 | €202,941 | -€2,320 | -1.1% |
| Other amounts receivable | 41 | €18,367 | €106,106 | +€87,739 | +477.7% |
| Cash at bank and in hand | 54/58 | €114,733 | €298,460 | +€183,727 | +160.1% |
| Deferred charges and accrued income | 490/1 | €880 | €1,471 | +€591 | +67.1% |
| Total equity and liabilities | 10/49 | €466,989 | €725,525 | +€258,536 | +55.4% |
| Equity | 10/15 | €154,672 | €347,782 | +€193,111 | +124.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,072 | €329,182 | +€193,111 | +141.9% |
| Distributable reserves | 133 | €136,072 | €329,182 | +€193,111 | +141.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €312,318 | €377,743 | +€65,425 | +20.9% |
| Amounts payable within one year | 42/48 | €312,318 | €377,743 | +€65,425 | +20.9% |
| Financial debts | 43 | - | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €164,179 | €158,367 | -€5,811 | -3.5% |
| Suppliers | 440/4 | €164,179 | €158,367 | -€5,811 | -3.5% |
| Advances received on contracts in progress | 46 | €968 | €968 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,563 | €5,099 | -€464 | -8.3% |
| Taxes | 450/3 | €4,513 | €5,099 | +€586 | +13.0% |
| Remuneration and social security | 454/9 | €1,050 | €0 | -€1,050 | -100.0% |
| Other amounts payable | 47/48 | €141,608 | €138,308 | -€3,300 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,872 | €15,402 | +€1,530 | +11.0% |
| Other operating charges | 640/8 | €16,750 | €51,509 | +€34,759 | +207.5% |
| Gross operating margin | 9900 | €145,004 | €325,020 | +€180,017 | +124.1% |
| Operating profit (loss) | 9901 | €114,382 | €258,110 | +€143,728 | +125.7% |
| Financial income | 75/76B | €3,404 | €10,299 | +€6,895 | +202.6% |
| Recurring financial income | 75 | €3,404 | €10,299 | +€6,895 | +202.6% |
| Financial charges | 65/66B | €3,876 | €7,415 | +€3,539 | +91.3% |
| Recurring financial charges | 65 | €3,876 | €7,415 | +€3,539 | +91.3% |
| Profit (loss) for the period before taxes | 9903 | €113,910 | €260,993 | +€147,084 | +129.1% |
| Income taxes | 67/77 | €29,071 | €66,217 | +€37,146 | +127.8% |
| Profit (loss) for the period | 9904 | €84,839 | €194,777 | +€109,938 | +129.6% |
| Profit (loss) for the period to be appropriated | 9905 | €84,839 | €194,777 | +€109,938 | +129.6% |
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 11 October 2026 via checked.be.