SVG Beheer: 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.
SVG Beheer
Largest movements
- Tangible fixed assets -€13,572
down €13,572 (-28.9%), from €46,984 to €33,412
of which Furniture and vehicles: -€13,572
- Cash +€7,478
up €7,478 (+60.6%), from €12,344 to €19,822
mainly Net result for the year (+€26,708) and Depreciation (+€13,936)
- Debts after one year -€35,561
down €35,561 (-21.5%), from €165,384 to €129,823
- Reserves +€25,849
up €25,849 (+23.3%), from €111,094 to €136,943
- Gross operating margin +€4,063
up €4,063 (+7.2%), from €56,642 to €60,705
- Taxes +€2,568
up €2,568 (+19.4%), from €13,203 to €15,771
- Financial charges -€865
down €865 (-18.8%), from €4,595 to €3,729
- Financial income -€810
down €810 (-51.4%), from €1,577 to €767
- Depreciation -€758
down €758 (-5.2%), from €14,694 to €13,936
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 | €554,984 | €545,258 | -€9,726 | -1.8% |
| Fixed assets | 21/28 | €496,984 | €483,412 | -€13,572 | -2.7% |
| Tangible fixed assets | 22/27 | €46,984 | €33,412 | -€13,572 | -28.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €46,984 | €33,412 | -€13,572 | -28.9% |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €58,000 | €61,845 | +€3,845 | +6.6% |
| Amounts receivable within one year | 40/41 | €41,742 | €40,035 | -€1,707 | -4.1% |
| Trade receivables | 40 | €13,398 | €29,708 | +€16,310 | +121.7% |
| Other amounts receivable | 41 | €28,344 | €10,327 | -€18,017 | -63.6% |
| Cash at bank and in hand | 54/58 | €12,344 | €19,822 | +€7,478 | +60.6% |
| Deferred charges and accrued income | 490/1 | €3,914 | €1,988 | -€1,926 | -49.2% |
| Total equity and liabilities | 10/49 | €554,984 | €545,258 | -€9,726 | -1.8% |
| Equity | 10/15 | €324,844 | €350,693 | +€25,849 | +8.0% |
| Contributions | 10/11 | €213,750 | €213,750 | = | 0.0% |
| Reserves | 13 | €111,094 | €136,943 | +€25,849 | +23.3% |
| Distributable reserves | 133 | €111,094 | €136,943 | +€25,849 | +23.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €230,140 | €194,565 | -€35,575 | -15.5% |
| Amounts payable after more than one year | 17 | €165,384 | €129,823 | -€35,561 | -21.5% |
| Financial debts | 170/4 | €165,384 | €129,823 | -€35,561 | -21.5% |
| Amounts payable within one year | 42/48 | €64,756 | €64,742 | -€14 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €39,542 | €35,561 | -€3,980 | -10.1% |
| Trade debts | 44 | €2,352 | €5,503 | +€3,151 | +134.0% |
| Suppliers | 440/4 | €2,352 | €5,503 | +€3,151 | +134.0% |
| Taxes, remuneration and social security | 45 | €22,862 | €23,678 | +€815 | +3.6% |
| Taxes | 450/3 | €22,862 | €23,678 | +€815 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,694 | €13,936 | -€758 | -5.2% |
| Other operating charges | 640/8 | €748 | €1,328 | +€580 | +77.5% |
| Non-recurring operating charges | 66A | €571 | €0 | -€571 | -100.0% |
| Gross operating margin | 9900 | €56,642 | €60,705 | +€4,063 | +7.2% |
| Operating profit (loss) | 9901 | €40,629 | €45,441 | +€4,812 | +11.8% |
| Financial income | 75/76B | €1,577 | €767 | -€810 | -51.4% |
| Recurring financial income | 75 | €1,577 | €767 | -€810 | -51.4% |
| Financial charges | 65/66B | €4,595 | €3,729 | -€865 | -18.8% |
| Recurring financial charges | 65 | €4,595 | €3,729 | -€865 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €37,612 | €42,479 | +€4,867 | +12.9% |
| Income taxes | 67/77 | €13,203 | €15,771 | +€2,568 | +19.4% |
| Profit (loss) for the period | 9904 | €24,408 | €26,708 | +€2,299 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,408 | €26,708 | +€2,299 | +9.4% |
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 8 October 2026 via checked.be.