SVM MANAGEMENT SERVICES: 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.
SVM MANAGEMENT SERVICES
Largest movements
- Cash -€35,742
down €35,742 (-65.3%), from €54,777 to €19,035
mainly Investment in fixed assets (net) (-€33,661) and Debts after one year (-€23,696)
- Tangible fixed assets +€8,634
up €8,634 (+4.5%), from €191,593 to €200,227
of which Land and buildings: +€7,945
- Debts after one year -€23,696
down €23,696 (-26.8%), from €88,401 to €64,705
of which Financial debts: -€23,696
- Tax, wage and social debts -€19,275
down €19,275 (-88.2%), from €21,852 to €2,576
of which Taxes: -€13,145
- Reserves +€14,741
up €14,741 (+6.4%), from €231,315 to €246,055
of which Distributable reserves: +€16,601
- Gross operating margin -€48,782
down €48,782 (-36.0%), from €135,508 to €86,726
- Taxes +€9,300
up €9,300 (+59.2%), from €15,722 to €25,021
- Other operating charges +€8,831
up €8,831 (+122.0%), from €7,241 to €16,071
- Depreciation +€3,753
up €3,753 (+17.6%), from €21,274 to €25,027
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 | €376,581 | €349,991 | -€26,590 | -7.1% |
| Fixed assets | 21/28 | €191,683 | €200,317 | +€8,634 | +4.5% |
| Tangible fixed assets | 22/27 | €191,593 | €200,227 | +€8,634 | +4.5% |
| Land and buildings | 22 | €159,720 | €167,665 | +€7,945 | +5.0% |
| Plant, machinery and equipment | 23 | €5,538 | €1,378 | -€4,160 | -75.1% |
| Furniture and vehicles | 24 | €25,612 | €31,184 | +€5,572 | +21.8% |
| Other tangible fixed assets | 26 | €723 | - | -€723 | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €184,898 | €149,674 | -€35,224 | -19.1% |
| Amounts receivable within one year | 40/41 | €130,121 | €130,639 | +€518 | +0.4% |
| Trade receivables | 40 | €20,238 | €20,484 | +€246 | +1.2% |
| Other amounts receivable | 41 | €109,883 | €110,155 | +€272 | +0.2% |
| Cash at bank and in hand | 54/58 | €54,777 | €19,035 | -€35,742 | -65.3% |
| Total equity and liabilities | 10/49 | €376,581 | €349,991 | -€26,590 | -7.1% |
| Equity | 10/15 | €237,515 | €252,255 | +€14,741 | +6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €231,315 | €246,055 | +€14,741 | +6.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €229,455 | €246,055 | +€16,601 | +7.2% |
| Amounts payable | 17/49 | €139,066 | €97,735 | -€41,331 | -29.7% |
| Amounts payable after more than one year | 17 | €88,401 | €64,705 | -€23,696 | -26.8% |
| Financial debts | 170/4 | €86,801 | €63,105 | -€23,696 | -27.3% |
| Other amounts payable | 178/9 | €1,600 | €1,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,665 | €33,031 | -€17,634 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €22,860 | €23,696 | +€837 | +3.7% |
| Trade debts | 44 | €5,954 | €6,758 | +€804 | +13.5% |
| Suppliers | 440/4 | €5,954 | €6,758 | +€804 | +13.5% |
| Taxes, remuneration and social security | 45 | €21,852 | €2,576 | -€19,275 | -88.2% |
| Taxes | 450/3 | €15,722 | €2,576 | -€13,145 | -83.6% |
| Remuneration and social security | 454/9 | €6,130 | - | -€6,130 | |
| Non-recurring operating income | 76A | €45,191 | - | -€45,191 | |
| Remuneration, social security and pensions | 62 | €1,122 | €445 | -€677 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,274 | €25,027 | +€3,753 | +17.6% |
| Other operating charges | 640/8 | €7,241 | €16,071 | +€8,831 | +122.0% |
| Gross operating margin | 9900 | €135,508 | €86,726 | -€48,782 | -36.0% |
| Operating profit (loss) | 9901 | €105,871 | €45,182 | -€60,689 | -57.3% |
| Financial income | 75/76B | €3 | €50 | +€47 | +1532.8% |
| Recurring financial income | 75 | €3 | €50 | +€47 | +1532.8% |
| Financial charges | 65/66B | €6,479 | €5,470 | -€1,009 | -15.6% |
| Recurring financial charges | 65 | €6,479 | €5,470 | -€1,009 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €99,395 | €39,762 | -€59,633 | -60.0% |
| Income taxes | 67/77 | €15,722 | €25,021 | +€9,300 | +59.2% |
| Profit (loss) for the period | 9904 | €83,674 | €14,741 | -€68,933 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,674 | €14,741 | -€68,933 | -82.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.