SVLS: 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.
SVLS
Largest movements
- Tangible fixed assets +€58,089
up €58,089 (+19.8%), from €293,419 to €351,507
of which Furniture and vehicles: +€68,777
- Cash +€9,947
up €9,947 (+16.6%), from €59,808 to €69,756
mainly Net result for the year (+€79,832) and Other debts (+€41,297)
- Other debts +€41,297
up €41,297 (+99.4%), from €41,535 to €82,832
- Debts after one year +€27,800
up €27,800 (+18.0%), from €154,284 to €182,084
- Tax, wage and social debts -€5,924
down €5,924 (-100.0%), from €5,924 to €0
- Gross operating margin +€24,785
up €24,785 (+22.1%), from €112,059 to €136,844
- Depreciation +€3,736
up €3,736 (+12.9%), from €28,892 to €32,628
- Taxes -€2,867
down €2,867 (-11.7%), from €24,481 to €21,614
- Financial income -€2,810
down €2,810 (-71.6%), from €3,923 to €1,113
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 | €411,433 | €476,283 | +€64,850 | +15.8% |
| Fixed assets | 21/28 | €297,419 | €355,507 | +€58,089 | +19.5% |
| Tangible fixed assets | 22/27 | €293,419 | €351,507 | +€58,089 | +19.8% |
| Land and buildings | 22 | €281,029 | €267,528 | -€13,501 | -4.8% |
| Plant, machinery and equipment | 23 | - | €2,813 | +€2,813 | |
| Furniture and vehicles | 24 | €12,390 | €81,166 | +€68,777 | +555.1% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €114,014 | €120,776 | +€6,762 | +5.9% |
| Amounts receivable within one year | 40/41 | €52,849 | €48,829 | -€4,020 | -7.6% |
| Trade receivables | 40 | €50,251 | €45,000 | -€5,251 | -10.4% |
| Other amounts receivable | 41 | €2,598 | €3,829 | +€1,231 | +47.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €59,808 | €69,756 | +€9,947 | +16.6% |
| Deferred charges and accrued income | 490/1 | €1,357 | €2,192 | +€834 | +61.5% |
| Total equity and liabilities | 10/49 | €411,433 | €476,283 | +€64,850 | +15.8% |
| Equity | 10/15 | €184,230 | €184,230 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €165,630 | €165,630 | = | 0.0% |
| Distributable reserves | 133 | €165,630 | €165,630 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €227,203 | €292,053 | +€64,850 | +28.5% |
| Amounts payable after more than one year | 17 | €154,284 | €182,084 | +€27,800 | +18.0% |
| Financial debts | 170/4 | €154,284 | €182,084 | +€27,800 | +18.0% |
| Amounts payable within one year | 42/48 | €72,919 | €108,919 | +€36,000 | +49.4% |
| Current portion of amounts payable after more than one year | 42 | €24,498 | €25,633 | +€1,136 | +4.6% |
| Trade debts | 44 | €962 | €454 | -€508 | -52.8% |
| Suppliers | 440/4 | €962 | €454 | -€508 | -52.8% |
| Taxes, remuneration and social security | 45 | €5,924 | €0 | -€5,924 | -100.0% |
| Taxes | 450/3 | €5,924 | €0 | -€5,924 | -100.0% |
| Other amounts payable | 47/48 | €41,535 | €82,832 | +€41,297 | +99.4% |
| Accrued charges and deferred income | 492/3 | - | €1,050 | +€1,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,892 | €32,628 | +€3,736 | +12.9% |
| Other operating charges | 640/8 | €580 | €597 | +€18 | +3.1% |
| Gross operating margin | 9900 | €112,059 | €136,844 | +€24,785 | +22.1% |
| Operating profit (loss) | 9901 | €82,588 | €103,620 | +€21,032 | +25.5% |
| Financial income | 75/76B | €3,923 | €1,113 | -€2,810 | -71.6% |
| Recurring financial income | 75 | €3,923 | €1,113 | -€2,810 | -71.6% |
| Financial charges | 65/66B | €2,787 | €3,286 | +€499 | +17.9% |
| Recurring financial charges | 65 | €2,787 | €3,286 | +€499 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €83,724 | €101,447 | +€17,723 | +21.2% |
| Income taxes | 67/77 | €24,481 | €21,614 | -€2,867 | -11.7% |
| Profit (loss) for the period | 9904 | €59,243 | €79,832 | +€20,589 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,243 | €79,832 | +€20,589 | +34.8% |
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 3 October 2026 via checked.be.