SVLD MANAGEMENT: 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.
SVLD MANAGEMENT
Largest movements
- Receivables within one year +€19,985
up €19,985 (+61.0%), from €32,787 to €52,771
of which Trade receivables: +€18,833
- Debts after one year -€86,677
down €86,677 (-8.7%), from €997,838 to €911,160
- Current portion of long-term debt +€65,191
up €65,191 (+204%), from €31,933 to €97,124
- Profit (loss) carried forward +€42,237
up €42,237 (+70.4%), from €59,973 to €102,211
- Tax, wage and social debts +€21,455
up €21,455 (+125%), from €17,103 to €38,558
of which Remuneration and social security: +€20,000
- Trade debts -€17,771
down €17,771 (-90.7%), from €19,590 to €1,818
- Financial charges -€76,419
down €76,419 (-68.7%), from €111,284 to €34,865
of which Non-recurring financial charges: -€76,000
- Gross operating margin -€28,913
down €28,913 (-18.8%), from €153,535 to €124,622
- Depreciation +€14,009
up €14,009 (+57.7%), from €24,283 to €38,292
- Other operating charges +€6,048
up €6,048 (+190%), from €3,180 to €9,228
- Taxes -€5,158
no longer reported in 2025 (was €5,158)
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 | €1,652,064 | €1,666,518 | +€14,454 | +0.9% |
| Fixed assets | 21/28 | €1,618,354 | €1,613,215 | -€5,139 | -0.3% |
| Tangible fixed assets | 22/27 | €738,354 | €733,215 | -€5,139 | -0.7% |
| Land and buildings | 22 | €712,343 | €686,900 | -€25,443 | -3.6% |
| Plant, machinery and equipment | 23 | €5,546 | €4,120 | -€1,425 | -25.7% |
| Furniture and vehicles | 24 | €809 | €22,538 | +€21,729 | +2,686% |
| Assets under construction and advance payments | 27 | €19,656 | €19,656 | = | 0.0% |
| Financial fixed assets | 28 | €880,000 | €880,000 | = | 0.0% |
| Current assets | 29/58 | €33,710 | €53,303 | +€19,593 | +58.1% |
| Amounts receivable within one year | 40/41 | €32,787 | €52,771 | +€19,985 | +61.0% |
| Trade receivables | 40 | €12,526 | €31,359 | +€18,833 | +150% |
| Other amounts receivable | 41 | €20,261 | €21,413 | +€1,152 | +5.7% |
| Cash at bank and in hand | 54/58 | €923 | €532 | -€392 | -42.4% |
| Total equity and liabilities | 10/49 | €1,652,064 | €1,666,518 | +€14,454 | +0.9% |
| Equity | 10/15 | €68,033 | €110,271 | +€42,237 | +62.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,973 | €102,211 | +€42,237 | +70.4% |
| Amounts payable | 17/49 | €1,584,031 | €1,556,248 | -€27,783 | -1.8% |
| Amounts payable after more than one year | 17 | €997,838 | €911,160 | -€86,677 | -8.7% |
| Financial debts | 170/4 | €997,838 | €911,160 | -€86,677 | -8.7% |
| Amounts payable within one year | 42/48 | €586,193 | €645,087 | +€58,894 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €31,933 | €97,124 | +€65,191 | +204% |
| Financial debts | 43 | €4,650 | €4,650 | = | 0.0% |
| Credit institutions | 430/8 | €4,650 | €4,650 | = | 0.0% |
| Trade debts | 44 | €19,590 | €1,818 | -€17,771 | -90.7% |
| Suppliers | 440/4 | €19,590 | €1,818 | -€17,771 | -90.7% |
| Taxes, remuneration and social security | 45 | €17,103 | €38,558 | +€21,455 | +125% |
| Taxes | 450/3 | €17,103 | €18,558 | +€1,455 | +8.5% |
| Remuneration and social security | 454/9 | - | €20,000 | +€20,000 | |
| Other amounts payable | 47/48 | €512,917 | €502,937 | -€9,981 | -1.9% |
| Remuneration, social security and pensions | 62 | €3,392 | - | -€3,392 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,283 | €38,292 | +€14,009 | +57.7% |
| Other operating charges | 640/8 | €3,180 | €9,228 | +€6,048 | +190% |
| Gross operating margin | 9900 | €153,535 | €124,622 | -€28,913 | -18.8% |
| Operating profit (loss) | 9901 | €122,680 | €77,102 | -€45,578 | -37.2% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €111,284 | €34,865 | -€76,419 | -68.7% |
| Recurring financial charges | 65 | €35,284 | €34,865 | -€419 | -1.2% |
| Non-recurring financial charges | 66B | €76,000 | - | -€76,000 | |
| Profit (loss) for the period before taxes | 9903 | €11,413 | €42,237 | +€30,824 | +270% |
| Income taxes | 67/77 | €5,158 | - | -€5,158 | |
| Profit (loss) for the period | 9904 | €6,255 | €42,237 | +€35,982 | +575% |
| Profit (loss) for the period to be appropriated | 9905 | €6,255 | €42,237 | +€35,982 | +575% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.