SVH-HORECA: 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.
SVH-HORECA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€5,390
no longer reported in 2025 (was €5,390)
- Gross operating margin -€3,429
no longer reported in 2025 (was €3,429)
- Other operating charges -€698
no longer reported in 2025 (was €698)
- Financial charges -€382
no longer reported in 2025 (was €382)
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,950 | €22,950 | = | 0.0% |
| Fixed assets | 21/28 | €22,308 | €22,308 | = | 0.0% |
| Tangible fixed assets | 22/27 | €22,308 | €22,308 | = | 0.0% |
| Land and buildings | 22 | €8,603 | €8,603 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,924 | €3,924 | = | 0.0% |
| Furniture and vehicles | 24 | €9,781 | €9,781 | = | 0.0% |
| Current assets | 29/58 | €643 | €643 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €643 | €643 | = | 0.0% |
| Trade receivables | 40 | €643 | €643 | = | 0.0% |
| Total equity and liabilities | 10/49 | €22,950 | €22,950 | = | 0.0% |
| Equity | 10/15 | -€16,323 | -€16,323 | = | 0.0% |
| Contributions | 10/11 | €23,600 | €23,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,923 | -€39,923 | = | 0.0% |
| Amounts payable | 17/49 | €39,273 | €39,273 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,273 | €39,273 | = | 0.0% |
| Financial debts | 43 | €4,698 | €4,698 | = | 0.0% |
| Credit institutions | 430/8 | €4,698 | €4,698 | = | 0.0% |
| Trade debts | 44 | €364 | €364 | = | 0.0% |
| Suppliers | 440/4 | €364 | €364 | = | 0.0% |
| Other amounts payable | 47/48 | €34,212 | €34,212 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,390 | - | -€5,390 | |
| Other operating charges | 640/8 | €698 | - | -€698 | |
| Gross operating margin | 9900 | €3,429 | - | -€3,429 | |
| Operating profit (loss) | 9901 | -€2,659 | - | +€2,659 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €382 | - | -€382 | |
| Recurring financial charges | 65 | €382 | - | -€382 | |
| Profit (loss) for the period before taxes | 9903 | -€3,042 | - | +€3,042 | |
| Profit (loss) for the period | 9904 | -€3,042 | - | +€3,042 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,042 | - | +€3,042 |
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 19 October 2026 via checked.be.