SVMC: 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.
SVMC
Largest movements
- Receivables after one year +€275,000
new in 2025: €275,000
- Cash -€165,300
down €165,300 (-66.2%), from €249,526 to €84,226
mainly Receivables after one year (-€275,000) and Other debts (-€29,498)
- Receivables within one year -€33,017
down €33,017 (-74.1%), from €44,577 to €11,559
of which Trade receivables: -€33,037
- Reserves +€94,682
up €94,682 (+35.1%), from €269,444 to €364,126
of which Distributable reserves: +€94,682
- Other debts -€29,498
down €29,498 (-91.4%), from €32,264 to €2,766
- Tax, wage and social debts +€8,692
up €8,692 (+33.9%), from €25,618 to €34,310
- Gross operating margin +€5,072
up €5,072 (+4.0%), from €127,880 to €132,952
- Taxes -€2,333
down €2,333 (-5.9%), from €39,554 to €37,221
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 | €346,836 | €422,184 | +€75,348 | +21.7% |
| Fixed assets | 21/28 | €910 | €226 | -€684 | -75.2% |
| Tangible fixed assets | 22/27 | €910 | €226 | -€684 | -75.2% |
| Furniture and vehicles | 24 | €910 | €226 | -€684 | -75.2% |
| Current assets | 29/58 | €345,926 | €421,958 | +€76,031 | +22.0% |
| Amounts receivable after more than one year | 29 | - | €275,000 | +€275,000 | |
| Other amounts receivable | 291 | - | €275,000 | +€275,000 | |
| Amounts receivable within one year | 40/41 | €44,577 | €11,559 | -€33,017 | -74.1% |
| Trade receivables | 40 | €44,559 | €11,522 | -€33,037 | -74.1% |
| Other amounts receivable | 41 | €17 | €37 | +€20 | +115% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €249,526 | €84,226 | -€165,300 | -66.2% |
| Deferred charges and accrued income | 490/1 | €1,824 | €1,173 | -€651 | -35.7% |
| Total equity and liabilities | 10/49 | €346,836 | €422,184 | +€75,348 | +21.7% |
| Equity | 10/15 | €288,044 | €382,726 | +€94,682 | +32.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €269,444 | €364,126 | +€94,682 | +35.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €267,584 | €362,266 | +€94,682 | +35.4% |
| Amounts payable | 17/49 | €58,792 | €39,457 | -€19,334 | -32.9% |
| Amounts payable within one year | 42/48 | €58,792 | €39,457 | -€19,334 | -32.9% |
| Trade debts | 44 | €909 | €2,382 | +€1,472 | +162% |
| Suppliers | 440/4 | €909 | €2,382 | +€1,472 | +162% |
| Taxes, remuneration and social security | 45 | €25,618 | €34,310 | +€8,692 | +33.9% |
| Taxes | 450/3 | €25,618 | €34,310 | +€8,692 | +33.9% |
| Other amounts payable | 47/48 | €32,264 | €2,766 | -€29,498 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €684 | €684 | = | 0.0% |
| Other operating charges | 640/8 | €688 | €711 | +€23 | +3.4% |
| Gross operating margin | 9900 | €127,880 | €132,952 | +€5,072 | +4.0% |
| Operating profit (loss) | 9901 | €126,509 | €131,558 | +€5,049 | +4.0% |
| Financial income | 75/76B | €605 | €1,047 | +€442 | +73.1% |
| Recurring financial income | 75 | €605 | €1,047 | +€442 | +73.1% |
| Financial charges | 65/66B | €768 | €701 | -€67 | -8.7% |
| Recurring financial charges | 65 | €768 | €701 | -€67 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €126,346 | €131,903 | +€5,557 | +4.4% |
| Income taxes | 67/77 | €39,554 | €37,221 | -€2,333 | -5.9% |
| Profit (loss) for the period | 9904 | €86,792 | €94,682 | +€7,890 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,792 | €94,682 | +€7,890 | +9.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.