SVH-Works: 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-Works
Largest movements
- Tangible fixed assets +€13,011
up €13,011 (+54.9%), from €23,713 to €36,724
- Receivables within one year +€9,299
up €9,299 (+79.6%), from €11,676 to €20,975
of which Other amounts receivable: +€10,505
- Cash -€6,618
no longer reported in 2025 (was €6,618)
mainly Investment in fixed assets (net) (-€22,507) and Receivables within one year (-€9,299)
- Stocks and contracts +€3,580
new in 2025: €3,580
- Financial fixed assets +€1,800
new in 2025: €1,800
- Trade debts +€14,182
up €14,182 (+624%), from €2,274 to €16,456
- Current portion of long-term debt +€5,659
up €5,659 (+130%), from €4,339 to €9,998
- Reserves -€4,361
down €4,361 (-85.8%), from €5,084 to €723
- Debts after one year +€3,746
up €3,746 (+20.1%), from €18,678 to €22,424
of which Financial debts: +€3,546
- Short-term financial debts +€2,465
new in 2025: €2,465
- Gross operating margin -€5,157
down €5,157 (-43.6%), from €11,819 to €6,662
- Depreciation +€4,260
up €4,260 (+124%), from €3,436 to €7,696
- Financial charges +€1,516
up €1,516 (+130%), from €1,170 to €2,686
- Taxes -€1,258
down €1,258 (-82.4%), from €1,526 to €268
- Other operating charges -€214
down €214 (-35.0%), from €611 to €397
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 | €42,006 | €63,079 | +€21,073 | +50.2% |
| Fixed assets | 21/28 | €23,713 | €38,524 | +€14,811 | +62.5% |
| Tangible fixed assets | 22/27 | €23,713 | €36,724 | +€13,011 | +54.9% |
| Furniture and vehicles | 24 | €23,713 | €36,724 | +€13,011 | +54.9% |
| Financial fixed assets | 28 | - | €1,800 | +€1,800 | |
| Current assets | 29/58 | €18,293 | €24,555 | +€6,262 | +34.2% |
| Stocks and contracts in progress | 3 | - | €3,580 | +€3,580 | |
| Contracts in progress | 37 | - | €3,580 | +€3,580 | |
| Amounts receivable within one year | 40/41 | €11,676 | €20,975 | +€9,299 | +79.6% |
| Trade receivables | 40 | €8,023 | €6,818 | -€1,206 | -15.0% |
| Other amounts receivable | 41 | €3,652 | €14,157 | +€10,505 | +288% |
| Cash at bank and in hand | 54/58 | €6,618 | - | -€6,618 | |
| Total equity and liabilities | 10/49 | €42,006 | €63,079 | +€21,073 | +50.2% |
| Equity | 10/15 | €10,084 | €5,723 | -€4,361 | -43.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,084 | €723 | -€4,361 | -85.8% |
| Distributable reserves | 133 | €5,084 | €723 | -€4,361 | -85.8% |
| Amounts payable | 17/49 | €31,922 | €57,356 | +€25,434 | +79.7% |
| Amounts payable after more than one year | 17 | €18,678 | €22,424 | +€3,746 | +20.1% |
| Financial debts | 170/4 | €18,678 | €22,224 | +€3,546 | +19.0% |
| Other amounts payable | 178/9 | - | €200 | +€200 | |
| Amounts payable within one year | 42/48 | €13,244 | €34,933 | +€21,688 | +164% |
| Current portion of amounts payable after more than one year | 42 | €4,339 | €9,998 | +€5,659 | +130% |
| Financial debts | 43 | - | €2,465 | +€2,465 | |
| Credit institutions | 430/8 | - | €2,465 | +€2,465 | |
| Trade debts | 44 | €2,274 | €16,456 | +€14,182 | +624% |
| Suppliers | 440/4 | €2,274 | €16,456 | +€14,182 | +624% |
| Taxes, remuneration and social security | 45 | €562 | - | -€562 | |
| Taxes | 450/3 | €562 | - | -€562 | |
| Other amounts payable | 47/48 | €6,070 | €6,013 | -€56 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,436 | €7,696 | +€4,260 | +124% |
| Other operating charges | 640/8 | €611 | €397 | -€214 | -35.0% |
| Gross operating margin | 9900 | €11,819 | €6,662 | -€5,157 | -43.6% |
| Operating profit (loss) | 9901 | €7,772 | -€1,431 | -€9,203 | |
| Financial income | 75/76B | €8 | €23 | +€15 | +192% |
| Recurring financial income | 75 | €8 | €23 | +€15 | +192% |
| Financial charges | 65/66B | €1,170 | €2,686 | +€1,516 | +130% |
| Recurring financial charges | 65 | €1,170 | €2,686 | +€1,516 | +130% |
| Profit (loss) for the period before taxes | 9903 | €6,610 | -€4,094 | -€10,703 | |
| Income taxes | 67/77 | €1,526 | €268 | -€1,258 | -82.4% |
| Profit (loss) for the period | 9904 | €5,084 | -€4,361 | -€9,446 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,084 | -€4,361 | -€9,446 |
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 29 October 2026 via checked.be.