SVM Management: what changed
What changed
SVM Management
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€9,355
2024 · €29,849-€20,494
Equity
€250,551
2024 · €242,863+€7,689
Cash
€120
2024 · €1,285-€1,165
Balance sheet total
€576,766
2024 · €538,104+€38,662
Largest movements
Assets
- Financial fixed assets +€39,727
up €39,727 (+10.3%), from €384,313 to €424,040
- Tangible fixed assets -€18,700
down €18,700 (-13.2%), from €142,175 to €123,476
of which Furniture and vehicles: -€15,765
- Current investments +€17,094
new in 2025: €17,094
Equity and liabilities
- Debts after one year +€22,715
up €22,715 (+9.7%), from €232,981 to €255,696
of which Financial debts: +€24,078
- Current portion of long-term debt +€8,111
up €8,111 (+33.6%), from €24,137 to €32,248
- Reserves +€7,689
up €7,689 (+3.3%), from €232,863 to €240,551
Income statement
- Gross operating margin -€21,492
down €21,492 (-32.9%), from €65,240 to €43,749
- Taxes -€9,246
down €9,246 (-60.2%), from €15,366 to €6,120
- Depreciation +€5,547
up €5,547 (+42.2%), from €13,153 to €18,700
- Financial charges +€2,569
up €2,569 (+43.9%), from €5,855 to €8,423
- Other operating charges +€790
up €790 (+77.5%), from €1,019 to €1,809
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€29,849
Gross operating margin
-€21,492
Depreciation
-€5,547
Other operating charges
-€790
Financial income
+€657
Financial charges
-€2,569
Taxes
+€9,246
Result 2025
€9,355
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€23,111
Investment
-€56,821
Financing
+€32,545
Cash 2024
€1,285
From operations (derived)
+€23,111
Net result for the year
+€9,355
Depreciation
+€18,700
Receivables within one year
-€1,844
Deferred charges and accrued income
+€137
Trade debts
-€334
Tax, wage and social debts
-€509
Other debts
+€1,441
Accrued charges and deferred income
-€3,835
Investment (derived)
-€56,821
Investment in fixed assets (net)
-€39,727
Current investments
-€17,094
Financing
+€32,545
Debts after one year
+€22,715
Current portion of long-term debt
+€8,111
Short-term financial debts
+€3,385
Contributions, distributions and other
-€1,666
Cash 2025
€120
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €538,104 | €576,766 | +€38,662 | +7.2% |
| Fixed assets | 21/28 | €526,488 | €547,516 | +€21,027 | +4.0% |
| Tangible fixed assets | 22/27 | €142,175 | €123,476 | -€18,700 | -13.2% |
| Land and buildings | 22 | €75,964 | €73,030 | -€2,934 | -3.9% |
| Furniture and vehicles | 24 | €66,211 | €50,446 | -€15,765 | -23.8% |
| Financial fixed assets | 28 | €384,313 | €424,040 | +€39,727 | +10.3% |
| Current assets | 29/58 | €11,616 | €29,251 | +€17,635 | +152% |
| Amounts receivable within one year | 40/41 | €9,285 | €11,129 | +€1,844 | +19.9% |
| Trade receivables | 40 | €7,655 | €8,285 | +€630 | +8.2% |
| Other amounts receivable | 41 | €1,630 | €2,844 | +€1,214 | +74.5% |
| Current investments | 50/53 | - | €17,094 | +€17,094 | |
| Cash at bank and in hand | 54/58 | €1,285 | €120 | -€1,165 | -90.7% |
| Deferred charges and accrued income | 490/1 | €1,046 | €909 | -€137 | -13.1% |
| Total equity and liabilities | 10/49 | €538,104 | €576,766 | +€38,662 | +7.2% |
| Equity | 10/15 | €242,863 | €250,551 | +€7,689 | +3.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €232,863 | €240,551 | +€7,689 | +3.3% |
| Distributable reserves | 133 | €232,863 | €240,551 | +€7,689 | +3.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €295,241 | €326,215 | +€30,974 | +10.5% |
| Amounts payable after more than one year | 17 | €232,981 | €255,696 | +€22,715 | +9.7% |
| Financial debts | 170/4 | €50,981 | €75,058 | +€24,078 | +47.2% |
| Other amounts payable | 178/9 | €182,000 | €180,638 | -€1,362 | -0.7% |
| Amounts payable within one year | 42/48 | €54,796 | €66,890 | +€12,094 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €24,137 | €32,248 | +€8,111 | +33.6% |
| Financial debts | 43 | - | €3,385 | +€3,385 | |
| Credit institutions | 430/8 | - | €3,385 | +€3,385 | |
| Trade debts | 44 | €25,134 | €24,800 | -€334 | -1.3% |
| Suppliers | 440/4 | €25,134 | €24,800 | -€334 | -1.3% |
| Taxes, remuneration and social security | 45 | €5,212 | €4,703 | -€509 | -9.8% |
| Taxes | 450/3 | €5,212 | €4,703 | -€509 | -9.8% |
| Other amounts payable | 47/48 | €313 | €1,754 | +€1,441 | +460% |
| Accrued charges and deferred income | 492/3 | €7,465 | €3,630 | -€3,835 | -51.4% |
| Non-recurring operating income | 76A | €15,442 | €0 | -€15,442 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,153 | €18,700 | +€5,547 | +42.2% |
| Other operating charges | 640/8 | €1,019 | €1,809 | +€790 | +77.5% |
| Gross operating margin | 9900 | €65,240 | €43,749 | -€21,492 | -32.9% |
| Operating profit (loss) | 9901 | €51,068 | €23,240 | -€27,828 | -54.5% |
| Financial income | 75/76B | €1 | €658 | +€657 | +66,323% |
| Recurring financial income | 75 | €1 | €658 | +€657 | +66,323% |
| Financial charges | 65/66B | €5,855 | €8,423 | +€2,569 | +43.9% |
| Recurring financial charges | 65 | €5,855 | €8,423 | +€2,569 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €45,214 | €15,474 | -€29,740 | -65.8% |
| Income taxes | 67/77 | €15,366 | €6,120 | -€9,246 | -60.2% |
| Profit (loss) for the period | 9904 | €29,849 | €9,355 | -€20,494 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,849 | €9,355 | -€20,494 | -68.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.