SVG CONSULT: 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.
SVG CONSULT
Largest movements
- Tangible fixed assets -€469,706
down €469,706 (-74.8%), from €628,194 to €158,488
of which Land and buildings: -€458,993
- Cash +€214,240
up €214,240 (+902%), from €23,740 to €237,981
mainly Investment in fixed assets (net) (+€417,151) and Net result for the year (+€329,213)
- Current investments +€175,000
up €175,000 (+350%), from €50,000 to €225,000
- Deferred charges and accrued income -€20,425
down €20,425 (-88.1%), from €23,176 to €2,751
- Debts after one year -€354,192
down €354,192 (-83.3%), from €425,025 to €70,832
of which Financial debts: -€244,192
- Reserves +€262,224
up €262,224 (+139%), from €188,033 to €450,257
- Current portion of long-term debt -€14,134
down €14,134 (-22.8%), from €62,076 to €47,942
- Accrued charges and deferred income -€9,218
no longer reported in 2025 (was €9,218)
- Other debts +€8,728
up €8,728 (+244%), from €3,582 to €12,310
- Gross operating margin +€350,908
up €350,908 (+159%), from €220,994 to €571,902
- Taxes +€123,530
up €123,530 (+465%), from €26,557 to €150,087
- Depreciation -€33,275
down €33,275 (-38.8%), from €85,831 to €52,555
- Financial charges -€21,949
down €21,949 (-56.8%), from €38,647 to €16,698
- Staff costs +€21,827
new in 2025: €21,827
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 | €726,110 | €625,220 | -€100,891 | -13.9% |
| Fixed assets | 21/28 | €629,194 | €159,488 | -€469,706 | -74.7% |
| Tangible fixed assets | 22/27 | €628,194 | €158,488 | -€469,706 | -74.8% |
| Land and buildings | 22 | €536,427 | €77,433 | -€458,993 | -85.6% |
| Plant, machinery and equipment | 23 | €31,996 | €34,307 | +€2,311 | +7.2% |
| Furniture and vehicles | 24 | €59,771 | €46,748 | -€13,023 | -21.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €96,916 | €465,732 | +€368,816 | +381% |
| Current investments | 50/53 | €50,000 | €225,000 | +€175,000 | +350% |
| Cash at bank and in hand | 54/58 | €23,740 | €237,981 | +€214,240 | +902% |
| Deferred charges and accrued income | 490/1 | €23,176 | €2,751 | -€20,425 | -88.1% |
| Total equity and liabilities | 10/49 | €726,110 | €625,220 | -€100,891 | -13.9% |
| Equity | 10/15 | €206,633 | €468,857 | +€262,224 | +127% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €188,033 | €450,257 | +€262,224 | +139% |
| Distributable reserves | 133 | €188,033 | €450,257 | +€262,224 | +139% |
| Amounts payable | 17/49 | €519,477 | €156,363 | -€363,114 | -69.9% |
| Amounts payable after more than one year | 17 | €425,025 | €70,832 | -€354,192 | -83.3% |
| Financial debts | 170/4 | €315,025 | €70,832 | -€244,192 | -77.5% |
| Other amounts payable | 178/9 | €110,000 | - | -€110,000 | |
| Amounts payable within one year | 42/48 | €85,235 | €85,531 | +€296 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €62,076 | €47,942 | -€14,134 | -22.8% |
| Trade debts | 44 | €6,759 | €3,824 | -€2,935 | -43.4% |
| Suppliers | 440/4 | €6,759 | €3,824 | -€2,935 | -43.4% |
| Taxes, remuneration and social security | 45 | €12,817 | €21,454 | +€8,637 | +67.4% |
| Taxes | 450/3 | €9,947 | €15,704 | +€5,757 | +57.9% |
| Remuneration and social security | 454/9 | €2,870 | €5,750 | +€2,880 | +100% |
| Other amounts payable | 47/48 | €3,582 | €12,310 | +€8,728 | +244% |
| Accrued charges and deferred income | 492/3 | €9,218 | - | -€9,218 | |
| Non-recurring operating income | 76A | €9,370 | €115,050 | +€105,680 | +1,128% |
| Remuneration, social security and pensions | 62 | - | €21,827 | +€21,827 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,831 | €52,555 | -€33,275 | -38.8% |
| Other operating charges | 640/8 | €6,037 | €3,548 | -€2,489 | -41.2% |
| Gross operating margin | 9900 | €220,994 | €571,902 | +€350,908 | +159% |
| Operating profit (loss) | 9901 | €129,127 | €493,971 | +€364,845 | +283% |
| Financial income | 75/76B | €0 | €2,026 | +€2,026 | +5,063,800% |
| Recurring financial income | 75 | €0 | €2,026 | +€2,026 | +5,063,800% |
| Financial charges | 65/66B | €38,647 | €16,698 | -€21,949 | -56.8% |
| Recurring financial charges | 65 | €38,647 | €16,698 | -€21,949 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €90,480 | €479,299 | +€388,819 | +430% |
| Income taxes | 67/77 | €26,557 | €150,087 | +€123,530 | +465% |
| Profit (loss) for the period | 9904 | €63,923 | €329,213 | +€265,290 | +415% |
| Profit (loss) for the period to be appropriated | 9905 | €63,923 | €329,213 | +€265,290 | +415% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.