SVIM: 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.
SVIM
Largest movements
- Receivables within one year -€25,251
down €25,251 (-70.4%), from €35,852 to €10,601
of which Trade receivables: -€22,339
- Tangible fixed assets -€13,511
down €13,511 (-53.4%), from €25,318 to €11,807
of which Furniture and vehicles: -€13,511
- Deferred charges and accrued income +€1,978
up €1,978 (+518.4%), from €382 to €2,360
- Trade debts -€21,422
down €21,422 (-83.6%), from €25,629 to €4,207
- Profit (loss) carried forward -€7,559
down €7,559 (-20.7%), from €36,513 to €28,955
- Debts after one year -€4,974
down €4,974 (-54.1%), from €9,198 to €4,224
- Current portion of long-term debt -€3,346
down €3,346 (-40.2%), from €8,321 to €4,974
- Gross operating margin -€12,711
down €12,711 (-48.6%), from €26,140 to €13,429
- Staff costs +€3,989
up €3,989 (+414.0%), from €963 to €4,952
- Taxes -€295
down €295 (-51.5%), from €573 to €278
- Other operating charges -€280
down €280 (-25.5%), from €1,100 to €820
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 | €150,546 | €114,277 | -€36,269 | -24.1% |
| Fixed assets | 21/28 | €25,658 | €12,147 | -€13,511 | -52.7% |
| Tangible fixed assets | 22/27 | €25,318 | €11,807 | -€13,511 | -53.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €25,318 | €11,807 | -€13,511 | -53.4% |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €124,889 | €102,131 | -€22,758 | -18.2% |
| Amounts receivable within one year | 40/41 | €35,852 | €10,601 | -€25,251 | -70.4% |
| Trade receivables | 40 | €26,889 | €4,551 | -€22,339 | -83.1% |
| Other amounts receivable | 41 | €8,962 | €6,050 | -€2,912 | -32.5% |
| Cash at bank and in hand | 54/58 | €88,655 | €89,170 | +€515 | +0.6% |
| Deferred charges and accrued income | 490/1 | €382 | €2,360 | +€1,978 | +518.4% |
| Total equity and liabilities | 10/49 | €150,546 | €114,277 | -€36,269 | -24.1% |
| Equity | 10/15 | €95,513 | €87,955 | -€7,559 | -7.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €44,000 | €44,000 | = | 0.0% |
| Distributable reserves | 133 | €44,000 | €44,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,513 | €28,955 | -€7,559 | -20.7% |
| Amounts payable | 17/49 | €55,033 | €26,323 | -€28,710 | -52.2% |
| Amounts payable after more than one year | 17 | €9,198 | €4,224 | -€4,974 | -54.1% |
| Financial debts | 170/4 | €9,198 | €4,224 | -€4,974 | -54.1% |
| Amounts payable within one year | 42/48 | €45,835 | €22,099 | -€23,736 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €8,321 | €4,974 | -€3,346 | -40.2% |
| Trade debts | 44 | €25,629 | €4,207 | -€21,422 | -83.6% |
| Suppliers | 440/4 | €25,629 | €4,207 | -€21,422 | -83.6% |
| Taxes, remuneration and social security | 45 | €2,136 | €2,557 | +€421 | +19.7% |
| Taxes | 450/3 | €0 | €400 | +€400 | |
| Remuneration and social security | 454/9 | €2,136 | €2,157 | +€21 | +1.0% |
| Other amounts payable | 47/48 | €9,749 | €10,361 | +€612 | +6.3% |
| Remuneration, social security and pensions | 62 | €963 | €4,952 | +€3,989 | +414.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,420 | €14,490 | +€70 | +0.5% |
| Other operating charges | 640/8 | €1,100 | €820 | -€280 | -25.5% |
| Gross operating margin | 9900 | €26,140 | €13,429 | -€12,711 | -48.6% |
| Operating profit (loss) | 9901 | €9,657 | -€6,833 | -€16,490 | |
| Financial income | 75/76B | €31 | €6 | -€25 | -81.7% |
| Recurring financial income | 75 | €31 | €6 | -€25 | -81.7% |
| Financial charges | 65/66B | €595 | €453 | -€141 | -23.8% |
| Recurring financial charges | 65 | €595 | €453 | -€141 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €9,093 | -€7,281 | -€16,373 | |
| Income taxes | 67/77 | €573 | €278 | -€295 | -51.5% |
| Profit (loss) for the period | 9904 | €8,520 | -€7,559 | -€16,078 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,520 | -€7,559 | -€16,078 |
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 12 October 2026 via checked.be.