SvinCS: 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.
SvinCS
Largest movements
- Current investments +€54,095
up €54,095 (+36.3%), from €148,842 to €202,937
- Cash -€17,336
down €17,336 (-9.5%), from €183,059 to €165,723
mainly Current investments (-€54,095) and Contributions, distributions and other (-€38,710)
- Receivables within one year +€13,145
up €13,145 (+47.6%), from €27,597 to €40,742
of which Trade receivables: +€7,857
- Tangible fixed assets -€10,166
down €10,166 (-15.7%), from €64,776 to €54,610
of which Furniture and vehicles: -€7,004
- Reserves +€39,360
up €39,360 (+10.9%), from €361,837 to €401,197
of which Distributable reserves: +€39,360
- Tax, wage and social debts +€13,779
up €13,779 (+97.6%), from €14,114 to €27,892
- Debts after one year -€12,518
down €12,518 (-37.5%), from €33,413 to €20,896
- Gross operating margin -€11,894
down €11,894 (-8.6%), from €138,196 to €126,302
- Taxes -€7,232
down €7,232 (-18.7%), from €38,700 to €31,468
- Depreciation +€6,104
up €6,104 (+55.2%), from €11,053 to €17,157
- Financial income +€2,888
up €2,888 (+72.3%), from €3,992 to €6,880
- Other operating charges +€2,605
up €2,605 (+216%), from €1,207 to €3,812
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 | €431,702 | €472,248 | +€40,547 | +9.4% |
| Fixed assets | 21/28 | €65,026 | €54,860 | -€10,166 | -15.6% |
| Tangible fixed assets | 22/27 | €64,776 | €54,610 | -€10,166 | -15.7% |
| Land and buildings | 22 | €8,069 | €5,379 | -€2,690 | -33.3% |
| Plant, machinery and equipment | 23 | €1,622 | €1,149 | -€473 | -29.1% |
| Furniture and vehicles | 24 | €55,086 | €48,082 | -€7,004 | -12.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €366,676 | €417,388 | +€50,712 | +13.8% |
| Amounts receivable within one year | 40/41 | €27,597 | €40,742 | +€13,145 | +47.6% |
| Trade receivables | 40 | €27,597 | €35,454 | +€7,857 | +28.5% |
| Other amounts receivable | 41 | €0 | €5,287 | +€5,287 | |
| Current investments | 50/53 | €148,842 | €202,937 | +€54,095 | +36.3% |
| Cash at bank and in hand | 54/58 | €183,059 | €165,723 | -€17,336 | -9.5% |
| Deferred charges and accrued income | 490/1 | €7,178 | €7,986 | +€809 | +11.3% |
| Total equity and liabilities | 10/49 | €431,702 | €472,248 | +€40,547 | +9.4% |
| Equity | 10/15 | €368,037 | €407,397 | +€39,360 | +10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €361,837 | €401,197 | +€39,360 | +10.9% |
| Non-distributable reserves | 130/1 | €6,800 | €6,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,800 | €6,800 | = | 0.0% |
| Distributable reserves | 133 | €355,037 | €394,397 | +€39,360 | +11.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €63,665 | €64,851 | +€1,187 | +1.9% |
| Amounts payable after more than one year | 17 | €33,413 | €20,896 | -€12,518 | -37.5% |
| Financial debts | 170/4 | €33,413 | €20,896 | -€12,518 | -37.5% |
| Amounts payable within one year | 42/48 | €30,251 | €43,956 | +€13,704 | +45.3% |
| Current portion of amounts payable after more than one year | 42 | €12,016 | €12,518 | +€501 | +4.2% |
| Financial debts | 43 | €30 | €30 | = | 0.0% |
| Credit institutions | 430/8 | €30 | €30 | = | 0.0% |
| Trade debts | 44 | €126 | €324 | +€198 | +157% |
| Suppliers | 440/4 | €126 | €324 | +€198 | +157% |
| Taxes, remuneration and social security | 45 | €14,114 | €27,892 | +€13,779 | +97.6% |
| Taxes | 450/3 | €14,114 | €27,892 | +€13,779 | +97.6% |
| Other amounts payable | 47/48 | €3,966 | €3,192 | -€773 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,053 | €17,157 | +€6,104 | +55.2% |
| Other operating charges | 640/8 | €1,207 | €3,812 | +€2,605 | +216% |
| Gross operating margin | 9900 | €138,196 | €126,302 | -€11,894 | -8.6% |
| Operating profit (loss) | 9901 | €125,936 | €105,333 | -€20,603 | -16.4% |
| Financial income | 75/76B | €3,992 | €6,880 | +€2,888 | +72.3% |
| Recurring financial income | 75 | €3,992 | €6,880 | +€2,888 | +72.3% |
| Financial charges | 65/66B | €2,466 | €2,675 | +€209 | +8.5% |
| Recurring financial charges | 65 | €2,466 | €2,675 | +€209 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €127,461 | €109,537 | -€17,924 | -14.1% |
| Income taxes | 67/77 | €38,700 | €31,468 | -€7,232 | -18.7% |
| Profit (loss) for the period | 9904 | €88,762 | €78,070 | -€10,692 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88,762 | €78,070 | -€10,692 | -12.0% |
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 13 October 2026 via checked.be.