SVH Services: 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 Services
Largest movements
- Current investments -€8.0m
down €8.0m (-100%), from €8.0m to €0
- Receivables within one year +€5.8m
up €5.8m (+471%), from €1.2m to €7.0m
of which Other amounts receivable: +€5.8m
- Cash -€365,374
down €365,374 (-41.8%), from €873,270 to €507,896
mainly Receivables within one year (-€5.8m) and Other debts (-€3.0m)
- Other debts -€3.0m
down €3.0m (-100%), from €3.0m to €0
- Reserves +€429,776
up €429,776 (+6.8%), from €6.3m to €6.7m
of which Distributable reserves: +€429,776
- Gross operating margin +€621,760
up €621,760, from -€120,906 to €500,854
- Financial income -€261,783
down €261,783 (-71.3%), from €367,027 to €105,245
- Provisions +€78,730
up €78,730 (+61.8%), from -€127,461 to -€48,731
- Taxes +€49,360
up €49,360 (+49.9%), from €98,909 to €148,269
- Staff costs +€31,481
up €31,481, from €0 to €31,481
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.
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 | €10,321,599 | €7,719,983 | -€2.6m | -25.2% |
| Fixed assets | 21/28 | €214,742 | €172,903 | -€41,839 | -19.5% |
| Intangible fixed assets | 21 | €266 | €0 | -€266 | -100% |
| Tangible fixed assets | 22/27 | €175,059 | €133,422 | -€41,637 | -23.8% |
| Land and buildings | 22 | €35,525 | €30,268 | -€5,257 | -14.8% |
| Furniture and vehicles | 24 | €139,533 | €103,153 | -€36,380 | -26.1% |
| Financial fixed assets | 28 | €39,418 | €39,482 | +€64 | +0.2% |
| Current assets | 29/58 | €10,106,858 | €7,547,079 | -€2.6m | -25.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €3,384 | €0 | -€3,384 | -100% |
| Stocks | 30/36 | €3,384 | €0 | -€3,384 | -100% |
| Amounts receivable within one year | 40/41 | €1,228,245 | €7,015,116 | +€5.8m | +471% |
| Trade receivables | 40 | €58,498 | €69,235 | +€10,737 | +18.4% |
| Other amounts receivable | 41 | €1,169,747 | €6,945,881 | +€5.8m | +494% |
| Current investments | 50/53 | €8,000,000 | €0 | -€8.0m | -100% |
| Cash at bank and in hand | 54/58 | €873,270 | €507,896 | -€365,374 | -41.8% |
| Deferred charges and accrued income | 490/1 | €1,959 | €24,068 | +€22,109 | +1,129% |
| Total equity and liabilities | 10/49 | €10,321,599 | €7,719,983 | -€2.6m | -25.2% |
| Equity | 10/15 | €6,597,748 | €7,027,524 | +€429,776 | +6.5% |
| Contributions | 10/11 | €311,000 | €311,000 | = | 0.0% |
| Capital | 10 | €311,000 | €311,000 | = | 0.0% |
| Issued capital | 100 | €311,000 | €311,000 | = | 0.0% |
| Reserves | 13 | €6,286,748 | €6,716,524 | +€429,776 | +6.8% |
| Non-distributable reserves | 130/1 | €31,100 | €31,100 | = | 0.0% |
| Legal reserve | 130 | €31,100 | €31,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €751,633 | €751,633 | = | 0.0% |
| Distributable reserves | 133 | €5,504,015 | €5,933,791 | +€429,776 | +7.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €672,539 | €623,808 | -€48,731 | -7.2% |
| Provisions for liabilities and charges | 160/5 | €672,539 | €623,808 | -€48,731 | -7.2% |
| Environmental obligations | 163 | €672,539 | €623,808 | -€48,731 | -7.2% |
| Amounts payable | 17/49 | €3,051,312 | €68,650 | -€3.0m | -97.8% |
| Amounts payable within one year | 42/48 | €3,051,312 | €68,650 | -€3.0m | -97.8% |
| Trade debts | 44 | €27,792 | €59,382 | +€31,589 | +114% |
| Suppliers | 440/4 | €27,792 | €59,382 | +€31,589 | +114% |
| Taxes, remuneration and social security | 45 | - | €9,268 | +€9,268 | |
| Taxes | 450/3 | - | €9,268 | +€9,268 | |
| Other amounts payable | 47/48 | €3,023,520 | €0 | -€3.0m | -100% |
| Non-recurring operating income | 76A | €708,124 | €772,251 | +€64,128 | +9.1% |
| Remuneration, social security and pensions | 62 | €0 | €31,481 | +€31,481 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,397 | €41,903 | -€3,494 | -7.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€127,461 | -€48,731 | +€78,730 | +61.8% |
| Other operating charges | 640/8 | €1,878 | €2,061 | +€183 | +9.7% |
| Gross operating margin | 9900 | -€120,906 | €500,854 | +€621,760 | |
| Operating profit (loss) | 9901 | -€40,720 | €474,140 | +€514,860 | |
| Financial income | 75/76B | €367,027 | €105,245 | -€261,783 | -71.3% |
| Recurring financial income | 75 | €367,027 | €105,245 | -€261,783 | -71.3% |
| Financial charges | 65/66B | €1,254 | €1,339 | +€85 | +6.8% |
| Recurring financial charges | 65 | €1,254 | €1,339 | +€85 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €325,053 | €578,045 | +€252,992 | +77.8% |
| Income taxes | 67/77 | €98,909 | €148,269 | +€49,360 | +49.9% |
| Profit (loss) for the period | 9904 | €226,144 | €429,776 | +€203,632 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €226,144 | €429,776 | +€203,632 | +90.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.