SVL-PROJECTS: 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-PROJECTS
Largest movements
- Receivables within one year +€11,673
up €11,673 (+21.8%), from €53,580 to €65,253
of which Other amounts receivable: +€15,517
- Cash +€7,071
up €7,071 (+13.1%), from €53,849 to €60,920
mainly Net result for the year (+€28,310) and Trade debts (+€15,963)
- Tangible fixed assets -€3,580
down €3,580 (-10.1%), from €35,565 to €31,985
of which Furniture and vehicles: -€2,630
- Tax, wage and social debts -€28,341
down €28,341 (-63.4%), from €44,681 to €16,340
- Reserves +€28,310
up €28,310 (+28.4%), from €99,818 to €128,128
of which Distributable reserves: +€28,410
- Trade debts +€15,963
up €15,963 (+819%), from €1,950 to €17,913
- Gross operating margin -€15,067
down €15,067 (-21.9%), from €68,673 to €53,606
- Taxes -€6,950
down €6,950 (-41.4%), from €16,777 to €9,827
- Depreciation +€4,080
up €4,080 (+60.3%), from €6,769 to €10,849
- Financial charges +€2,259
up €2,259 (+73.1%), from €3,092 to €5,351
- Financial income +€693
up €693 (+55.6%), from €1,246 to €1,939
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 | €147,449 | €163,381 | +€15,932 | +10.8% |
| Formation expenses | 20 | €659 | €445 | -€214 | -32.5% |
| Fixed assets | 21/28 | €35,978 | €32,348 | -€3,630 | -10.1% |
| Intangible fixed assets | 21 | €413 | €363 | -€50 | -12.1% |
| Tangible fixed assets | 22/27 | €35,565 | €31,985 | -€3,580 | -10.1% |
| Plant, machinery and equipment | 23 | €21,174 | €20,224 | -€950 | -4.5% |
| Furniture and vehicles | 24 | €14,391 | €11,761 | -€2,630 | -18.3% |
| Current assets | 29/58 | €110,812 | €130,588 | +€19,776 | +17.8% |
| Stocks and contracts in progress | 3 | €980 | €1,425 | +€445 | +45.4% |
| Stocks | 30/36 | €980 | €1,425 | +€445 | +45.4% |
| Amounts receivable within one year | 40/41 | €53,580 | €65,253 | +€11,673 | +21.8% |
| Trade receivables | 40 | €25,289 | €21,445 | -€3,844 | -15.2% |
| Other amounts receivable | 41 | €28,291 | €43,808 | +€15,517 | +54.8% |
| Cash at bank and in hand | 54/58 | €53,849 | €60,920 | +€7,071 | +13.1% |
| Deferred charges and accrued income | 490/1 | €2,403 | €2,990 | +€587 | +24.4% |
| Total equity and liabilities | 10/49 | €147,449 | €163,381 | +€15,932 | +10.8% |
| Equity | 10/15 | €100,818 | €129,128 | +€28,310 | +28.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €99,818 | €128,128 | +€28,310 | +28.4% |
| Non-distributable reserves | 130/1 | €100 | - | -€100 | |
| Reserves not available under the articles | 1311 | €100 | - | -€100 | |
| Distributable reserves | 133 | €99,718 | €128,128 | +€28,410 | +28.5% |
| Amounts payable | 17/49 | €46,631 | €34,253 | -€12,378 | -26.5% |
| Amounts payable within one year | 42/48 | €46,631 | €34,253 | -€12,378 | -26.5% |
| Trade debts | 44 | €1,950 | €17,913 | +€15,963 | +819% |
| Suppliers | 440/4 | €1,950 | €17,913 | +€15,963 | +819% |
| Taxes, remuneration and social security | 45 | €44,681 | €16,340 | -€28,341 | -63.4% |
| Taxes | 450/3 | €44,681 | €16,340 | -€28,341 | -63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,769 | €10,849 | +€4,080 | +60.3% |
| Other operating charges | 640/8 | €533 | €1,208 | +€675 | +127% |
| Gross operating margin | 9900 | €68,673 | €53,606 | -€15,067 | -21.9% |
| Operating profit (loss) | 9901 | €61,371 | €41,549 | -€19,822 | -32.3% |
| Financial income | 75/76B | €1,246 | €1,939 | +€693 | +55.6% |
| Recurring financial income | 75 | €1,246 | €1,939 | +€693 | +55.6% |
| Financial charges | 65/66B | €3,092 | €5,351 | +€2,259 | +73.1% |
| Recurring financial charges | 65 | €3,092 | €5,351 | +€2,259 | +73.1% |
| Profit (loss) for the period before taxes | 9903 | €59,525 | €38,137 | -€21,388 | -35.9% |
| Income taxes | 67/77 | €16,777 | €9,827 | -€6,950 | -41.4% |
| Profit (loss) for the period | 9904 | €42,748 | €28,310 | -€14,438 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,748 | €28,310 | -€14,438 | -33.8% |
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 19 October 2026 via checked.be.