SVI: 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.
SVI
Largest movements
- Cash +€37,815
up €37,815 (+163.1%), from €23,192 to €61,007
mainly Other debts (+€49,359) and Net result for the year (+€24,463)
- Current investments -€9,877
down €9,877 (-16.4%), from €60,370 to €50,492
- Receivables within one year -€4,732
down €4,732 (-20.0%), from €23,695 to €18,963
of which Trade receivables: -€4,732
- Tangible fixed assets -€1,645
down €1,645 (-9.1%), from €18,023 to €16,377
of which Plant, machinery and equipment: -€1,449
- Other debts +€49,359
up €49,359 (+330.3%), from €14,944 to €64,303
- Reserves -€35,440
down €35,440 (-34.0%), from €104,300 to €68,860
- Tax, wage and social debts +€7,317
up €7,317 (+647.4%), from €1,130 to €8,447
- Gross operating margin +€13,940
up €13,940 (+55.2%), from €25,273 to €39,213
- Taxes +€6,314
up €6,314 (+115.0%), from €5,490 to €11,805
- Financial income +€2,052
up €2,052 (+324.4%), from €632 to €2,684
- Financial charges -€1,334
down €1,334 (-91.9%), from €1,453 to €118
- Depreciation -€539
down €539 (-10.6%), from €5,108 to €4,569
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 | €127,482 | €149,381 | +€21,900 | +17.2% |
| Fixed assets | 21/28 | €18,023 | €16,377 | -€1,645 | -9.1% |
| Tangible fixed assets | 22/27 | €18,023 | €16,377 | -€1,645 | -9.1% |
| Land and buildings | 22 | €2,363 | €1,931 | -€432 | -18.3% |
| Plant, machinery and equipment | 23 | €3,772 | €2,323 | -€1,449 | -38.4% |
| Furniture and vehicles | 24 | €9,612 | €10,278 | +€667 | +6.9% |
| Other tangible fixed assets | 26 | €2,277 | €1,845 | -€431 | -18.9% |
| Current assets | 29/58 | €109,459 | €133,004 | +€23,545 | +21.5% |
| Amounts receivable within one year | 40/41 | €23,695 | €18,963 | -€4,732 | -20.0% |
| Trade receivables | 40 | €19,000 | €14,267 | -€4,732 | -24.9% |
| Other amounts receivable | 41 | €4,696 | €4,696 | = | 0.0% |
| Current investments | 50/53 | €60,370 | €50,492 | -€9,877 | -16.4% |
| Cash at bank and in hand | 54/58 | €23,192 | €61,007 | +€37,815 | +163.1% |
| Deferred charges and accrued income | 490/1 | €2,202 | €2,542 | +€340 | +15.4% |
| Total equity and liabilities | 10/49 | €127,482 | €149,381 | +€21,900 | +17.2% |
| Equity | 10/15 | €109,461 | €74,024 | -€35,437 | -32.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €104,300 | €68,860 | -€35,440 | -34.0% |
| Distributable reserves | 133 | €104,300 | €68,860 | -€35,440 | -34.0% |
| Profit (loss) carried forward | 14 | €161 | €164 | +€3 | +2.1% |
| Amounts payable | 17/49 | €18,021 | €75,357 | +€57,336 | +318.2% |
| Amounts payable within one year | 42/48 | €18,021 | €75,357 | +€57,336 | +318.2% |
| Trade debts | 44 | €1,946 | €2,607 | +€661 | +33.9% |
| Suppliers | 440/4 | €1,946 | €2,607 | +€661 | +33.9% |
| Taxes, remuneration and social security | 45 | €1,130 | €8,447 | +€7,317 | +647.4% |
| Taxes | 450/3 | €1,130 | €8,447 | +€7,317 | +647.4% |
| Other amounts payable | 47/48 | €14,944 | €64,303 | +€49,359 | +330.3% |
| Non-recurring operating income | 76A | - | €870 | +€870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,108 | €4,569 | -€539 | -10.6% |
| Other operating charges | 640/8 | €1,054 | €942 | -€112 | -10.6% |
| Gross operating margin | 9900 | €25,273 | €39,213 | +€13,940 | +55.2% |
| Operating profit (loss) | 9901 | €19,111 | €33,702 | +€14,591 | +76.4% |
| Financial income | 75/76B | €632 | €2,684 | +€2,052 | +324.4% |
| Recurring financial income | 75 | €632 | €2,684 | +€2,052 | +324.4% |
| Financial charges | 65/66B | €1,453 | €118 | -€1,334 | -91.9% |
| Recurring financial charges | 65 | €1,453 | €118 | -€1,334 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | €18,291 | €36,268 | +€17,977 | +98.3% |
| Income taxes | 67/77 | €5,490 | €11,805 | +€6,314 | +115.0% |
| Profit (loss) for the period | 9904 | €12,800 | €24,463 | +€11,663 | +91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,800 | €24,463 | +€11,663 | +91.1% |
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 8 October 2026 via checked.be.