SVL: 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.
SVL
Largest movements
- Tangible fixed assets -€20,068
down €20,068 (-93.1%), from €21,563 to €1,495
of which Leasing and similar rights: -€19,388
- Receivables within one year -€19,776
down €19,776 (-57.0%), from €34,670 to €14,893
of which Trade receivables: -€16,914
- Cash -€4,421
down €4,421 (-30.9%), from €14,316 to €9,895
mainly Net result for the year (-€13,259) and Debts after one year (-€10,365)
- Deferred charges and accrued income +€1,576
up €1,576 (+1049.3%), from €150 to €1,726
- Profit (loss) carried forward -€13,259
down €13,259 (-49.8%), from €26,621 to €13,362
- Debts after one year -€10,365
down €10,365 (-100.0%), from €10,365 to €0
- Advances received -€7,705
down €7,705 (-100.0%), from €7,705 to €0
- Current portion of long-term debt -€4,487
down €4,487 (-100.0%), from €4,487 to €0
- Tax, wage and social debts -€3,739
down €3,739 (-31.7%), from €11,811 to €8,073
- Gross operating margin -€41,883
down €41,883, from €35,709 to -€6,174
- Depreciation -€5,691
down €5,691 (-89.3%), from €6,371 to €680
- Taxes -€5,686
down €5,686 (-95.7%), from €5,940 to €254
- Financial charges +€2,306
up €2,306 (+530.5%), from €435 to €2,741
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 | €70,699 | €28,009 | -€42,690 | -60.4% |
| Fixed assets | 21/28 | €21,563 | €1,495 | -€20,068 | -93.1% |
| Tangible fixed assets | 22/27 | €21,563 | €1,495 | -€20,068 | -93.1% |
| Plant, machinery and equipment | 23 | €1,048 | €614 | -€434 | -41.4% |
| Furniture and vehicles | 24 | €1,127 | €881 | -€246 | -21.8% |
| Leasing and similar rights | 25 | €19,388 | €0 | -€19,388 | -100.0% |
| Current assets | 29/58 | €49,136 | €26,514 | -€22,621 | -46.0% |
| Amounts receivable within one year | 40/41 | €34,670 | €14,893 | -€19,776 | -57.0% |
| Trade receivables | 40 | €24,975 | €8,061 | -€16,914 | -67.7% |
| Other amounts receivable | 41 | €9,695 | €6,833 | -€2,862 | -29.5% |
| Cash at bank and in hand | 54/58 | €14,316 | €9,895 | -€4,421 | -30.9% |
| Deferred charges and accrued income | 490/1 | €150 | €1,726 | +€1,576 | +1049.3% |
| Total equity and liabilities | 10/49 | €70,699 | €28,009 | -€42,690 | -60.4% |
| Equity | 10/15 | €28,621 | €15,362 | -€13,259 | -46.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,621 | €13,362 | -€13,259 | -49.8% |
| Amounts payable | 17/49 | €42,078 | €12,647 | -€29,431 | -69.9% |
| Amounts payable after more than one year | 17 | €10,365 | €0 | -€10,365 | -100.0% |
| Financial debts | 170/4 | €10,365 | €0 | -€10,365 | -100.0% |
| Amounts payable within one year | 42/48 | €31,713 | €12,647 | -€19,066 | -60.1% |
| Current portion of amounts payable after more than one year | 42 | €4,487 | €0 | -€4,487 | -100.0% |
| Trade debts | 44 | €7,709 | €4,574 | -€3,135 | -40.7% |
| Suppliers | 440/4 | €7,709 | €4,574 | -€3,135 | -40.7% |
| Advances received on contracts in progress | 46 | €7,705 | €0 | -€7,705 | -100.0% |
| Taxes, remuneration and social security | 45 | €11,811 | €8,073 | -€3,739 | -31.7% |
| Taxes | 450/3 | €11,811 | €8,073 | -€3,739 | -31.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,371 | €680 | -€5,691 | -89.3% |
| Other operating charges | 640/8 | €885 | €672 | -€214 | -24.1% |
| Non-recurring operating charges | 66A | - | €3,219 | +€3,219 | |
| Gross operating margin | 9900 | €35,709 | -€6,174 | -€41,883 | |
| Operating profit (loss) | 9901 | €28,453 | -€10,744 | -€39,197 | |
| Financial income | 75/76B | €310 | €479 | +€169 | +54.5% |
| Recurring financial income | 75 | €310 | €479 | +€169 | +54.5% |
| Financial charges | 65/66B | €435 | €2,741 | +€2,306 | +530.5% |
| Recurring financial charges | 65 | €435 | €2,741 | +€2,306 | +530.5% |
| Profit (loss) for the period before taxes | 9903 | €28,328 | -€13,005 | -€41,334 | |
| Income taxes | 67/77 | €5,940 | €254 | -€5,686 | -95.7% |
| Profit (loss) for the period | 9904 | €22,389 | -€13,259 | -€35,648 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,389 | -€13,259 | -€35,648 |
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 4 October 2026 via checked.be.