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
- Receivables within one year +€15,301
up €15,301 (+173.4%), from €8,825 to €24,126
of which Other amounts receivable: +€15,130
- Deferred charges and accrued income +€1,066
up €1,066 (+162.2%), from €657 to €1,724
- Tangible fixed assets -€889
down €889 (-11.9%), from €7,462 to €6,573
of which Furniture and vehicles: -€545
- Cash -€820
down €820 (-6.7%), from €12,160 to €11,340
mainly Contributions, distributions and other (-€28,000) and Receivables within one year (-€15,301)
- Other debts +€28,000
new in 2025: €28,000
- Tax, wage and social debts -€8,001
down €8,001 (-49.5%), from €16,150 to €8,150
- Trade debts -€4,922
down €4,922 (-82.4%), from €5,971 to €1,049
- Reserves -€1,049
down €1,049 (-26.9%), from €3,903 to €2,853
- Current portion of long-term debt +€1,010
up €1,010 (+59.4%), from €1,701 to €2,711
- Gross operating margin -€610
down €610 (-1.6%), from €38,480 to €37,870
- Other operating charges -€567
down €567 (-50.8%), from €1,116 to €550
- Taxes +€530
up €530 (+6.7%), from €7,951 to €8,481
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 | €29,104 | €43,762 | +€14,658 | +50.4% |
| Fixed assets | 21/28 | €7,462 | €6,573 | -€889 | -11.9% |
| Tangible fixed assets | 22/27 | €7,462 | €6,573 | -€889 | -11.9% |
| Plant, machinery and equipment | 23 | €374 | €282 | -€93 | -24.7% |
| Furniture and vehicles | 24 | €4,874 | €4,329 | -€545 | -11.2% |
| Other tangible fixed assets | 26 | €2,214 | €1,963 | -€251 | -11.3% |
| Current assets | 29/58 | €21,643 | €37,189 | +€15,546 | +71.8% |
| Amounts receivable within one year | 40/41 | €8,825 | €24,126 | +€15,301 | +173.4% |
| Trade receivables | 40 | €8,334 | €8,505 | +€171 | +2.0% |
| Other amounts receivable | 41 | €491 | €15,621 | +€15,130 | +3082.8% |
| Cash at bank and in hand | 54/58 | €12,160 | €11,340 | -€820 | -6.7% |
| Deferred charges and accrued income | 490/1 | €657 | €1,724 | +€1,066 | +162.2% |
| Total equity and liabilities | 10/49 | €29,104 | €43,762 | +€14,658 | +50.4% |
| Equity | 10/15 | €4,903 | €3,853 | -€1,049 | -21.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €3,903 | €2,853 | -€1,049 | -26.9% |
| Distributable reserves | 133 | €3,903 | €2,853 | -€1,049 | -26.9% |
| Amounts payable | 17/49 | €24,202 | €39,909 | +€15,707 | +64.9% |
| Amounts payable within one year | 42/48 | €23,822 | €39,909 | +€16,087 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | €1,701 | €2,711 | +€1,010 | +59.4% |
| Trade debts | 44 | €5,971 | €1,049 | -€4,922 | -82.4% |
| Suppliers | 440/4 | €5,971 | €1,049 | -€4,922 | -82.4% |
| Taxes, remuneration and social security | 45 | €16,150 | €8,150 | -€8,001 | -49.5% |
| Taxes | 450/3 | €16,150 | €8,150 | -€8,001 | -49.5% |
| Other amounts payable | 47/48 | - | €28,000 | +€28,000 | |
| Accrued charges and deferred income | 492/3 | €380 | - | -€380 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €885 | €889 | +€4 | +0.4% |
| Other operating charges | 640/8 | €1,116 | €550 | -€567 | -50.8% |
| Gross operating margin | 9900 | €38,480 | €37,870 | -€610 | -1.6% |
| Operating profit (loss) | 9901 | €36,478 | €36,432 | -€47 | -0.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,185 | €1,001 | -€184 | -15.5% |
| Recurring financial charges | 65 | €1,185 | €1,001 | -€184 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €35,293 | €35,432 | +€139 | +0.4% |
| Income taxes | 67/77 | €7,951 | €8,481 | +€530 | +6.7% |
| Profit (loss) for the period | 9904 | €27,342 | €26,951 | -€391 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,342 | €26,951 | -€391 | -1.4% |
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 6 October 2026 via checked.be.