SVHEALTH: what changed
SVHEALTH
Largest movements
- Tangible fixed assets +€41,037
new in 2025: €41,037
- Cash -€13,002
down €13,002 (-20.1%), from €64,602 to €51,599
mainly Investment in fixed assets (net) (-€44,384) and Trade debts (-€1,810)
- Financial fixed assets +€1,200
new in 2025: €1,200
- Profit (loss) carried forward +€29,214
up €29,214 (+68.2%), from €42,848 to €72,062
- Tax, wage and social debts +€3,134
up €3,134 (+20.4%), from €15,337 to €18,471
- Trade debts -€1,810
down €1,810 (-75.4%), from €2,400 to €590
- Other debts -€1,512
down €1,512 (-41.3%), from €3,664 to €2,152
- Other operating charges +€10,255
up €10,255 (+1,106%), from €928 to €11,183
- Gross operating margin -€5,212
down €5,212 (-8.8%), from €59,131 to €53,919
- Taxes -€4,704
down €4,704 (-30.7%), from €15,337 to €10,633
- Depreciation +€2,148
new in 2025: €2,148
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,249 | €94,274 | +€29,025 | +44.5% |
| Fixed assets | 21/28 | - | €42,237 | +€42,237 | |
| Tangible fixed assets | 22/27 | - | €41,037 | +€41,037 | |
| Furniture and vehicles | 24 | - | €41,037 | +€41,037 | |
| Financial fixed assets | 28 | - | €1,200 | +€1,200 | |
| Current assets | 29/58 | €65,249 | €52,038 | -€13,212 | -20.2% |
| Cash at bank and in hand | 54/58 | €64,602 | €51,599 | -€13,002 | -20.1% |
| Deferred charges and accrued income | 490/1 | €647 | €438 | -€209 | -32.3% |
| Total equity and liabilities | 10/49 | €65,249 | €94,274 | +€29,025 | +44.5% |
| Equity | 10/15 | €43,848 | €73,062 | +€29,214 | +66.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,848 | €72,062 | +€29,214 | +68.2% |
| Amounts payable | 17/49 | €21,401 | €21,212 | -€189 | -0.9% |
| Amounts payable within one year | 42/48 | €21,401 | €21,212 | -€189 | -0.9% |
| Trade debts | 44 | €2,400 | €590 | -€1,810 | -75.4% |
| Suppliers | 440/4 | €2,400 | €590 | -€1,810 | -75.4% |
| Taxes, remuneration and social security | 45 | €15,337 | €18,471 | +€3,134 | +20.4% |
| Taxes | 450/3 | €15,337 | €18,471 | +€3,134 | +20.4% |
| Other amounts payable | 47/48 | €3,664 | €2,152 | -€1,512 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,148 | +€2,148 | |
| Other operating charges | 640/8 | €928 | €11,183 | +€10,255 | +1,106% |
| Gross operating margin | 9900 | €59,131 | €53,919 | -€5,212 | -8.8% |
| Operating profit (loss) | 9901 | €58,204 | €40,589 | -€17,615 | -30.3% |
| Financial income | 75/76B | €0 | €157 | +€157 | +522,233% |
| Recurring financial income | 75 | €0 | €157 | +€157 | +522,233% |
| Financial charges | 65/66B | €19 | €65 | +€46 | +246% |
| Recurring financial charges | 65 | €19 | €65 | +€46 | +246% |
| Profit (loss) for the period before taxes | 9903 | €58,185 | €40,680 | -€17,505 | -30.1% |
| Income taxes | 67/77 | €15,337 | €10,633 | -€4,704 | -30.7% |
| Profit (loss) for the period | 9904 | €42,848 | €30,047 | -€12,801 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,848 | €30,047 | -€12,801 | -29.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.