SVMconstruct: 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.
SVMconstruct
Largest movements
- Cash +€31,185
up €31,185 (+95.0%), from €32,818 to €64,003
mainly Net result for the year (+€40,549) and Trade debts (+€32,801)
- Receivables within one year +€22,185
up €22,185 (+80.3%), from €27,639 to €49,824
of which Trade receivables: +€16,384
- Tangible fixed assets -€19,335
down €19,335 (-17.7%), from €109,020 to €89,685
of which Furniture and vehicles: -€18,331
- Deferred charges and accrued income +€3,456
up €3,456 (+62.0%), from €5,577 to €9,033
- Intangible fixed assets +€2,325
new in 2026: €2,325
- Profit (loss) carried forward +€40,549
up €40,549 (+251.3%), from €16,134 to €56,683
- Trade debts +€32,801
up €32,801 (+3468.3%), from €946 to €33,747
- Debts after one year -€28,077
down €28,077 (-34.4%), from €81,692 to €53,615
- Other debts -€5,973
down €5,973 (-71.6%), from €8,347 to €2,374
- Gross operating margin +€42,848
up €42,848 (+106.1%), from €40,377 to €83,224
- Depreciation +€8,952
up €8,952 (+50.2%), from €17,822 to €26,775
- Taxes +€5,602
up €5,602 (+110.4%), from €5,074 to €10,676
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,836 | €217,998 | +€41,162 | +23.3% |
| Fixed assets | 21/28 | €109,020 | €92,010 | -€17,010 | -15.6% |
| Intangible fixed assets | 21 | - | €2,325 | +€2,325 | |
| Tangible fixed assets | 22/27 | €109,020 | €89,685 | -€19,335 | -17.7% |
| Plant, machinery and equipment | 23 | €8,250 | €7,246 | -€1,004 | -12.2% |
| Furniture and vehicles | 24 | €100,770 | €82,439 | -€18,331 | -18.2% |
| Current assets | 29/58 | €67,816 | €125,988 | +€58,172 | +85.8% |
| Stocks and contracts in progress | 3 | €1,782 | €3,128 | +€1,346 | +75.6% |
| Stocks | 30/36 | €1,782 | €3,128 | +€1,346 | +75.6% |
| Amounts receivable within one year | 40/41 | €27,639 | €49,824 | +€22,185 | +80.3% |
| Trade receivables | 40 | €24,685 | €41,069 | +€16,384 | +66.4% |
| Other amounts receivable | 41 | €2,954 | €8,755 | +€5,801 | +196.4% |
| Cash at bank and in hand | 54/58 | €32,818 | €64,003 | +€31,185 | +95.0% |
| Deferred charges and accrued income | 490/1 | €5,577 | €9,033 | +€3,456 | +62.0% |
| Total equity and liabilities | 10/49 | €176,836 | €217,998 | +€41,162 | +23.3% |
| Equity | 10/15 | €60,534 | €101,083 | +€40,549 | +67.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €39,400 | €39,400 | = | 0.0% |
| Distributable reserves | 133 | €39,400 | €39,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,134 | €56,683 | +€40,549 | +251.3% |
| Amounts payable | 17/49 | €116,302 | €116,915 | +€612 | +0.5% |
| Amounts payable after more than one year | 17 | €81,692 | €53,615 | -€28,077 | -34.4% |
| Financial debts | 170/4 | €81,692 | €53,615 | -€28,077 | -34.4% |
| Amounts payable within one year | 42/48 | €34,611 | €63,300 | +€28,689 | +82.9% |
| Current portion of amounts payable after more than one year | 42 | €25,318 | €27,179 | +€1,861 | +7.4% |
| Trade debts | 44 | €946 | €33,747 | +€32,801 | +3468.3% |
| Suppliers | 440/4 | €946 | €33,747 | +€32,801 | +3468.3% |
| Other amounts payable | 47/48 | €8,347 | €2,374 | -€5,973 | -71.6% |
| Non-recurring operating income | 76A | €2,918 | €0 | -€2,918 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,822 | €26,775 | +€8,952 | +50.2% |
| Other operating charges | 640/8 | €667 | €1,364 | +€697 | +104.4% |
| Non-recurring operating charges | 66A | - | €200 | +€200 | |
| Gross operating margin | 9900 | €40,377 | €83,224 | +€42,848 | +106.1% |
| Operating profit (loss) | 9901 | €21,887 | €54,886 | +€32,999 | +150.8% |
| Financial income | 75/76B | €9 | €0 | -€9 | -100.0% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100.0% |
| Financial charges | 65/66B | €3,058 | €3,660 | +€602 | +19.7% |
| Recurring financial charges | 65 | €3,058 | €3,660 | +€602 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €18,838 | €51,226 | +€32,388 | +171.9% |
| Income taxes | 67/77 | €5,074 | €10,676 | +€5,602 | +110.4% |
| Profit (loss) for the period | 9904 | €13,764 | €40,549 | +€26,786 | +194.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,764 | €40,549 | +€26,786 | +194.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.