SVL METAALCONSTRUCTIE: 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.
SVL METAALCONSTRUCTIE
Largest movements
- Stocks and contracts -€98,248
down €98,248 (-73.6%), from €133,536 to €35,288
of which Contracts in progress: -€98,187
- Cash -€44,184
down €44,184 (-21.2%), from €208,321 to €164,137
mainly Trade debts (-€88,293) and Investment in fixed assets (net) (-€81,501)
- Trade debts -€88,293
down €88,293 (-60.0%), from €147,067 to €58,774
- Current portion of long-term debt -€32,902
down €32,902 (-37.7%), from €87,290 to €54,388
- Debts after one year -€17,730
down €17,730 (-21.2%), from €83,637 to €65,906
- Reserves -€14,246
down €14,246 (-5.5%), from €257,246 to €243,000
of which Distributable reserves: -€13,712
- Tax, wage and social debts +€9,779
up €9,779 (+14.5%), from €67,273 to €77,053
of which Taxes: +€8,954
- Gross operating margin -€27,459
down €27,459 (-5.0%), from €548,189 to €520,730
- Taxes -€14,543
down €14,543 (-47.9%), from €30,382 to €15,838
- Staff costs +€9,432
up €9,432 (+2.6%), from €357,282 to €366,714
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 | €798,034 | €664,178 | -€133,856 | -16.8% |
| Fixed assets | 21/28 | €218,804 | €225,856 | +€7,052 | +3.2% |
| Intangible fixed assets | 21 | €2,302 | €1,827 | -€475 | -20.6% |
| Tangible fixed assets | 22/27 | €216,502 | €224,029 | +€7,527 | +3.5% |
| Plant, machinery and equipment | 23 | €43,841 | €51,235 | +€7,394 | +16.9% |
| Furniture and vehicles | 24 | €89,312 | €74,821 | -€14,491 | -16.2% |
| Leasing and similar rights | 25 | €55,999 | €65,955 | +€9,956 | +17.8% |
| Other tangible fixed assets | 26 | €27,350 | €32,019 | +€4,668 | +17.1% |
| Current assets | 29/58 | €579,230 | €438,321 | -€140,909 | -24.3% |
| Stocks and contracts in progress | 3 | €133,536 | €35,288 | -€98,248 | -73.6% |
| Stocks | 30/36 | €35,349 | €35,288 | -€61 | -0.2% |
| Contracts in progress | 37 | €98,187 | €0 | -€98,187 | -100% |
| Amounts receivable within one year | 40/41 | €220,647 | €225,543 | +€4,896 | +2.2% |
| Trade receivables | 40 | €193,490 | €215,972 | +€22,482 | +11.6% |
| Other amounts receivable | 41 | €27,157 | €9,571 | -€17,586 | -64.8% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €208,321 | €164,137 | -€44,184 | -21.2% |
| Deferred charges and accrued income | 490/1 | €16,476 | €13,103 | -€3,372 | -20.5% |
| Total equity and liabilities | 10/49 | €798,034 | €664,178 | -€133,856 | -16.8% |
| Equity | 10/15 | €275,838 | €261,592 | -€14,246 | -5.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €257,246 | €243,000 | -€14,246 | -5.5% |
| Tax-exempt reserves | 132 | €1,069 | €535 | -€535 | -50.0% |
| Distributable reserves | 133 | €256,177 | €242,466 | -€13,712 | -5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €356 | €178 | -€178 | -50.0% |
| Deferred taxes | 168 | €356 | €178 | -€178 | -50.0% |
| Amounts payable | 17/49 | €521,839 | €402,407 | -€119,432 | -22.9% |
| Amounts payable after more than one year | 17 | €83,637 | €65,906 | -€17,730 | -21.2% |
| Financial debts | 170/4 | €83,637 | €65,906 | -€17,730 | -21.2% |
| Amounts payable within one year | 42/48 | €438,172 | €336,501 | -€101,671 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €87,290 | €54,388 | -€32,902 | -37.7% |
| Trade debts | 44 | €147,067 | €58,774 | -€88,293 | -60.0% |
| Suppliers | 440/4 | €147,067 | €58,774 | -€88,293 | -60.0% |
| Taxes, remuneration and social security | 45 | €67,273 | €77,053 | +€9,779 | +14.5% |
| Taxes | 450/3 | €39,891 | €48,845 | +€8,954 | +22.4% |
| Remuneration and social security | 454/9 | €27,383 | €28,207 | +€825 | +3.0% |
| Other amounts payable | 47/48 | €136,541 | €146,286 | +€9,745 | +7.1% |
| Accrued charges and deferred income | 492/3 | €31 | €0 | -€31 | -100% |
| Non-recurring operating income | 76A | €1,836 | €2,013 | +€177 | +9.6% |
| Remuneration, social security and pensions | 62 | €357,282 | €366,714 | +€9,432 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,989 | €74,449 | +€4,459 | +6.4% |
| Other operating charges | 640/8 | €5,165 | €4,781 | -€383 | -7.4% |
| Non-recurring operating charges | 66A | €85 | €5,812 | +€5,727 | +6,705% |
| Gross operating margin | 9900 | €548,189 | €520,730 | -€27,459 | -5.0% |
| Operating profit (loss) | 9901 | €115,668 | €68,974 | -€46,694 | -40.4% |
| Financial income | 75/76B | €3,757 | €4,676 | +€919 | +24.5% |
| Recurring financial income | 75 | €3,757 | €4,676 | +€919 | +24.5% |
| Financial charges | 65/66B | €12,516 | €12,486 | -€29 | -0.2% |
| Recurring financial charges | 65 | €12,516 | €12,486 | -€29 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €106,909 | €61,164 | -€45,745 | -42.8% |
| Transfer from deferred taxes | 780 | €538 | €178 | -€360 | -66.9% |
| Income taxes | 67/77 | €30,382 | €15,838 | -€14,543 | -47.9% |
| Profit (loss) for the period | 9904 | €77,066 | €45,504 | -€31,562 | -41.0% |
| Transfer from tax-exempt reserves | 789 | €1,975 | €535 | -€1,440 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €79,040 | €46,038 | -€33,002 | -41.8% |
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 22 October 2026 via checked.be.