SVITCO: 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.
SVITCO
Largest movements
- Cash +€21,645
up €21,645 (+164.3%), from €13,172 to €34,817
mainly Net result for the year (+€31,307) and Depreciation (+€2,577)
- Receivables within one year +€6,555
up €6,555 (+48.7%), from €13,459 to €20,014
of which Trade receivables: +€7,595
- Tangible fixed assets +€1,263
up €1,263 (+23.7%), from €5,331 to €6,595
- Profit (loss) carried forward +€31,307
up €31,307 (+148.0%), from €21,152 to €52,459
- Other debts -€4,199
down €4,199 (-72.3%), from €5,807 to €1,608
- Tax, wage and social debts +€1,626
up €1,626 (+65.4%), from €2,486 to €4,112
- Trade debts +€625
up €625 (+5952.0%), from €11 to €635
- Gross operating margin +€8,676
up €8,676 (+26.0%), from €33,313 to €41,990
- Taxes -€4,310
down €4,310 (-47.0%), from €9,177 to €4,867
- Depreciation +€1,861
up €1,861 (+260.1%), from €716 to €2,577
- Financial charges +€665
up €665 (+37.7%), from €1,765 to €2,429
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 | €32,456 | €61,815 | +€29,358 | +90.5% |
| Fixed assets | 21/28 | €5,331 | €6,595 | +€1,263 | +23.7% |
| Tangible fixed assets | 22/27 | €5,331 | €6,595 | +€1,263 | +23.7% |
| Furniture and vehicles | 24 | €5,331 | €6,595 | +€1,263 | +23.7% |
| Current assets | 29/58 | €27,125 | €55,220 | +€28,095 | +103.6% |
| Amounts receivable within one year | 40/41 | €13,459 | €20,014 | +€6,555 | +48.7% |
| Trade receivables | 40 | €11,835 | €19,430 | +€7,595 | +64.2% |
| Other amounts receivable | 41 | €1,623 | €583 | -€1,040 | -64.1% |
| Cash at bank and in hand | 54/58 | €13,172 | €34,817 | +€21,645 | +164.3% |
| Deferred charges and accrued income | 490/1 | €494 | €390 | -€105 | -21.2% |
| Total equity and liabilities | 10/49 | €32,456 | €61,815 | +€29,358 | +90.5% |
| Equity | 10/15 | €24,152 | €55,459 | +€31,307 | +129.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,152 | €52,459 | +€31,307 | +148.0% |
| Amounts payable | 17/49 | €8,304 | €6,356 | -€1,948 | -23.5% |
| Amounts payable within one year | 42/48 | €8,304 | €6,356 | -€1,948 | -23.5% |
| Trade debts | 44 | €11 | €635 | +€625 | +5952.0% |
| Suppliers | 440/4 | €11 | €635 | +€625 | +5952.0% |
| Taxes, remuneration and social security | 45 | €2,486 | €4,112 | +€1,626 | +65.4% |
| Taxes | 450/3 | €2,486 | €4,112 | +€1,626 | +65.4% |
| Other amounts payable | 47/48 | €5,807 | €1,608 | -€4,199 | -72.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €716 | €2,577 | +€1,861 | +260.1% |
| Other operating charges | 640/8 | €514 | €811 | +€296 | +57.6% |
| Gross operating margin | 9900 | €33,313 | €41,990 | +€8,676 | +26.0% |
| Operating profit (loss) | 9901 | €32,083 | €38,602 | +€6,519 | +20.3% |
| Financial income | 75/76B | €11 | €0 | -€11 | -100.0% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -100.0% |
| Financial charges | 65/66B | €1,765 | €2,429 | +€665 | +37.7% |
| Recurring financial charges | 65 | €1,765 | €2,429 | +€665 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €30,329 | €36,173 | +€5,844 | +19.3% |
| Income taxes | 67/77 | €9,177 | €4,867 | -€4,310 | -47.0% |
| Profit (loss) for the period | 9904 | €21,152 | €31,307 | +€10,154 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,152 | €31,307 | +€10,154 | +48.0% |
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 7 October 2026 via checked.be.