SVH: 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.
SVH
Largest movements
- Tangible fixed assets -€346,090
no longer reported in 2025 (was €346,090)
- Profit (loss) carried forward -€341,177
down €341,177 (-139.6%), from -€244,444 to -€585,621
- Depreciation +€324,022
up €324,022 (+1468.3%), from €22,068 to €346,090
- Staff costs +€22,803
up €22,803, from €0 to €22,803
- Purchases and services +€5,573
up €5,573 (+462.7%), from €1,204 to €6,778
- Gross operating margin -€3,973
down €3,973 (-12.5%), from €31,796 to €27,822
- Turnover +€1,600
up €1,600 (+4.8%), from €33,000 to €34,600
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 | €2,255,915 | €1,914,505 | -€341,410 | -15.1% |
| Fixed assets | 21/28 | €2,222,167 | €1,876,077 | -€346,090 | -15.6% |
| Tangible fixed assets | 22/27 | €346,090 | - | -€346,090 | |
| Land and buildings | 22 | €346,090 | - | -€346,090 | |
| Financial fixed assets | 28 | €1,876,077 | €1,876,077 | = | 0.0% |
| Current assets | 29/58 | €33,748 | €38,429 | +€4,681 | +13.9% |
| Amounts receivable within one year | 40/41 | €33,744 | €37,829 | +€4,085 | +12.1% |
| Trade receivables | 40 | €33,000 | €32,047 | -€953 | -2.9% |
| Other amounts receivable | 41 | €744 | €5,782 | +€5,038 | +677.2% |
| Cash at bank and in hand | 54/58 | €4 | €599 | +€595 | +14773.7% |
| Total equity and liabilities | 10/49 | €2,255,915 | €1,914,505 | -€341,410 | -15.1% |
| Equity | 10/15 | -€151,484 | -€492,661 | -€341,177 | -225.2% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Capital | 10 | €92,960 | - | -€92,960 | |
| Issued capital | 100 | €92,960 | - | -€92,960 | |
| Profit (loss) carried forward | 14 | -€244,444 | -€585,621 | -€341,177 | -139.6% |
| Amounts payable | 17/49 | €2,407,399 | €2,407,166 | -€232 | 0.0% |
| Amounts payable within one year | 42/48 | €2,407,399 | €2,407,166 | -€232 | 0.0% |
| Other amounts payable | 47/48 | €2,407,399 | €2,407,166 | -€232 | 0.0% |
| Turnover | 70 | €33,000 | €34,600 | +€1,600 | +4.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,204 | €6,778 | +€5,573 | +462.7% |
| Remuneration, social security and pensions | 62 | €0 | €22,803 | +€22,803 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,068 | €346,090 | +€324,022 | +1468.3% |
| Gross operating margin | 9900 | €31,796 | €27,822 | -€3,973 | -12.5% |
| Operating profit (loss) | 9901 | €9,728 | -€341,071 | -€350,799 | |
| Financial charges | 65/66B | €92 | €106 | +€14 | +15.0% |
| Recurring financial charges | 65 | €92 | €106 | +€14 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €9,635 | -€341,177 | -€350,813 | |
| Profit (loss) for the period | 9904 | €9,635 | -€341,177 | -€350,813 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,635 | -€341,177 | -€350,813 |
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 1 October 2026 via checked.be.