SVG Trans: 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 Trans
Largest movements
- Receivables within one year +€36,921
up €36,921 (+71.9%), from €51,356 to €88,276
of which Other amounts receivable: +€35,467
- Tangible fixed assets +€12,014
up €12,014 (+39.1%), from €30,747 to €42,762
of which Furniture and vehicles: +€19,022
- Cash -€10,326
no longer reported in 2025 (was €10,326)
mainly Receivables within one year (-€36,921) and Investment in fixed assets (net) (-€16,640)
- Debts after one year +€16,225
up €16,225 (+455%), from €3,569 to €19,794
of which Trade debts: +€16,383
- Reserves +€14,017
up €14,017 (+31.8%), from €44,012 to €58,030
- Current portion of long-term debt +€8,671
up €8,671 (+215%), from €4,038 to €12,709
- Tax, wage and social debts -€5,505
down €5,505 (-28.0%), from €19,659 to €14,154
- Trade debts +€3,080
up €3,080 (+23.3%), from €13,242 to €16,323
- Gross operating margin +€3,768
up €3,768 (+18.6%), from €20,251 to €24,018
- Financial income +€1,316
up €1,316 (+56.6%), from €2,325 to €3,640
- Taxes +€1,198
up €1,198 (+24.6%), from €4,876 to €6,074
- Other operating charges +€743
up €743 (+194%), from €383 to €1,126
- Depreciation +€579
up €579 (+14.3%), from €4,047 to €4,626
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 | €93,520 | €131,274 | +€37,753 | +40.4% |
| Fixed assets | 21/28 | €30,747 | €42,762 | +€12,014 | +39.1% |
| Tangible fixed assets | 22/27 | €30,747 | €42,762 | +€12,014 | +39.1% |
| Land and buildings | 22 | €26,489 | €19,481 | -€7,008 | -26.5% |
| Furniture and vehicles | 24 | €4,259 | €23,281 | +€19,022 | +447% |
| Current assets | 29/58 | €62,773 | €88,512 | +€25,739 | +41.0% |
| Amounts receivable within one year | 40/41 | €51,356 | €88,276 | +€36,921 | +71.9% |
| Trade receivables | 40 | €5,988 | €7,441 | +€1,454 | +24.3% |
| Other amounts receivable | 41 | €45,368 | €80,835 | +€35,467 | +78.2% |
| Cash at bank and in hand | 54/58 | €10,326 | - | -€10,326 | |
| Deferred charges and accrued income | 490/1 | €1,091 | €236 | -€855 | -78.4% |
| Total equity and liabilities | 10/49 | €93,520 | €131,274 | +€37,753 | +40.4% |
| Equity | 10/15 | €53,012 | €67,030 | +€14,017 | +26.4% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €44,012 | €58,030 | +€14,017 | +31.8% |
| Distributable reserves | 133 | €44,012 | €58,030 | +€14,017 | +31.8% |
| Amounts payable | 17/49 | €40,508 | €64,244 | +€23,736 | +58.6% |
| Amounts payable after more than one year | 17 | €3,569 | €19,794 | +€16,225 | +455% |
| Financial debts | 170/4 | €3,569 | €3,411 | -€158 | -4.4% |
| Trade debts | 175 | - | €16,383 | +€16,383 | |
| Amounts payable within one year | 42/48 | €36,939 | €44,450 | +€7,511 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €4,038 | €12,709 | +€8,671 | +215% |
| Financial debts | 43 | - | €1,265 | +€1,265 | |
| Credit institutions | 430/8 | - | €1,265 | +€1,265 | |
| Trade debts | 44 | €13,242 | €16,323 | +€3,080 | +23.3% |
| Suppliers | 440/4 | €13,242 | €16,323 | +€3,080 | +23.3% |
| Taxes, remuneration and social security | 45 | €19,659 | €14,154 | -€5,505 | -28.0% |
| Taxes | 450/3 | €19,659 | €14,154 | -€5,505 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,047 | €4,626 | +€579 | +14.3% |
| Other operating charges | 640/8 | €383 | €1,126 | +€743 | +194% |
| Gross operating margin | 9900 | €20,251 | €24,018 | +€3,768 | +18.6% |
| Operating profit (loss) | 9901 | €15,821 | €18,267 | +€2,446 | +15.5% |
| Financial income | 75/76B | €2,325 | €3,640 | +€1,316 | +56.6% |
| Recurring financial income | 75 | €2,325 | €3,640 | +€1,316 | +56.6% |
| Financial charges | 65/66B | €1,271 | €1,816 | +€545 | +42.9% |
| Recurring financial charges | 65 | €1,271 | €1,816 | +€545 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €16,875 | €20,091 | +€3,216 | +19.1% |
| Income taxes | 67/77 | €4,876 | €6,074 | +€1,198 | +24.6% |
| Profit (loss) for the period | 9904 | €11,999 | €14,017 | +€2,018 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,999 | €14,017 | +€2,018 | +16.8% |
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 17 October 2026 via checked.be.