SVMA 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.
SVMA Services
Largest movements
- Cash +€58,288
up €58,288 (+67.0%), from €86,933 to €145,221
mainly Net result for the year (+€95,433) and Tax, wage and social debts (+€38,906)
- Receivables within one year -€16,882
down €16,882 (-15.6%), from €108,140 to €91,258
of which Other amounts receivable: -€50,415
- Tangible fixed assets +€5,959
up €5,959 (+20.4%), from €29,225 to €35,183
of which Other tangible fixed assets: +€7,227
- Tax, wage and social debts +€38,906
up €38,906 (+189.5%), from €20,530 to €59,436
- Debts after one year +€12,171
up €12,171 (+98.7%), from €12,329 to €24,500
- Trade debts -€5,523
down €5,523 (-8.1%), from €68,131 to €62,608
- Gross operating margin +€37,287
up €37,287 (+36.5%), from €102,281 to €139,568
- Taxes +€9,002
up €9,002 (+33.4%), from €26,960 to €35,962
- Depreciation +€2,782
up €2,782 (+86.2%), from €3,227 to €6,009
- Financial income -€2,232
down €2,232 (-83.5%), from €2,674 to €443
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 | €226,646 | €273,300 | +€46,654 | +20.6% |
| Fixed assets | 21/28 | €29,225 | €35,183 | +€5,959 | +20.4% |
| Tangible fixed assets | 22/27 | €29,225 | €35,183 | +€5,959 | +20.4% |
| Furniture and vehicles | 24 | €4,029 | €2,761 | -€1,268 | -31.5% |
| Other tangible fixed assets | 26 | €25,196 | €32,422 | +€7,227 | +28.7% |
| Current assets | 29/58 | €197,421 | €238,117 | +€40,695 | +20.6% |
| Amounts receivable within one year | 40/41 | €108,140 | €91,258 | -€16,882 | -15.6% |
| Trade receivables | 40 | €57,725 | €91,258 | +€33,533 | +58.1% |
| Other amounts receivable | 41 | €50,415 | - | -€50,415 | |
| Cash at bank and in hand | 54/58 | €86,933 | €145,221 | +€58,288 | +67.0% |
| Deferred charges and accrued income | 490/1 | €2,348 | €1,638 | -€710 | -30.2% |
| Total equity and liabilities | 10/49 | €226,646 | €273,300 | +€46,654 | +20.6% |
| Equity | 10/15 | €47,663 | €47,663 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €44,663 | €44,663 | = | 0.0% |
| Distributable reserves | 133 | €44,663 | €44,663 | = | 0.0% |
| Amounts payable | 17/49 | €178,982 | €225,637 | +€46,654 | +26.1% |
| Amounts payable after more than one year | 17 | €12,329 | €24,500 | +€12,171 | +98.7% |
| Financial debts | 170/4 | €12,329 | €24,500 | +€12,171 | +98.7% |
| Amounts payable within one year | 42/48 | €166,376 | €201,137 | +€34,760 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €15,176 | €15,392 | +€216 | +1.4% |
| Financial debts | 43 | €3,095 | €3,717 | +€622 | +20.1% |
| Credit institutions | 430/8 | €3,095 | €3,717 | +€622 | +20.1% |
| Trade debts | 44 | €68,131 | €62,608 | -€5,523 | -8.1% |
| Suppliers | 440/4 | €68,131 | €62,608 | -€5,523 | -8.1% |
| Taxes, remuneration and social security | 45 | €20,530 | €59,436 | +€38,906 | +189.5% |
| Taxes | 450/3 | €20,530 | €59,436 | +€38,906 | +189.5% |
| Other amounts payable | 47/48 | €59,443 | €59,982 | +€539 | +0.9% |
| Accrued charges and deferred income | 492/3 | €277 | - | -€277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,227 | €6,009 | +€2,782 | +86.2% |
| Other operating charges | 640/8 | €1,046 | €400 | -€647 | -61.8% |
| Non-recurring operating charges | 66A | €1,544 | €11 | -€1,533 | -99.3% |
| Gross operating margin | 9900 | €102,281 | €139,568 | +€37,287 | +36.5% |
| Operating profit (loss) | 9901 | €96,463 | €133,148 | +€36,685 | +38.0% |
| Financial income | 75/76B | €2,674 | €443 | -€2,232 | -83.5% |
| Recurring financial income | 75 | €2,674 | €443 | -€2,232 | -83.5% |
| Financial charges | 65/66B | €2,244 | €2,195 | -€49 | -2.2% |
| Recurring financial charges | 65 | €2,244 | €2,195 | -€49 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €96,893 | €131,395 | +€34,502 | +35.6% |
| Income taxes | 67/77 | €26,960 | €35,962 | +€9,002 | +33.4% |
| Profit (loss) for the period | 9904 | €69,933 | €95,433 | +€25,499 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,933 | €95,433 | +€25,499 | +36.5% |
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 6 October 2026 via checked.be.