SVMK Engineering: 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.
SVMK Engineering
Largest movements
- Receivables within one year -€65,717
down €65,717 (-13.8%), from €477,688 to €411,971
of which Trade receivables: -€71,188
- Cash +€48,112
up €48,112 (+17.5%), from €274,386 to €322,497
mainly Trade debts (+€88,786) and Receivables within one year (+€65,717)
- Other debts -€129,500
down €129,500 (-82.2%), from €157,500 to €28,000
- Trade debts +€88,786
up €88,786 (+202.8%), from €43,791 to €132,577
- Profit (loss) carried forward +€22,550
up €22,550 (+6.3%), from €359,739 to €382,289
- Gross operating margin -€64,172
down €64,172 (-6.2%), from €1.0m to €963,505
- Staff costs +€30,676
up €30,676 (+3.9%), from €782,412 to €813,088
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 | €873,455 | €857,160 | -€16,295 | -1.9% |
| Fixed assets | 21/28 | €116,112 | €114,825 | -€1,286 | -1.1% |
| Tangible fixed assets | 22/27 | €116,112 | €114,825 | -€1,286 | -1.1% |
| Plant, machinery and equipment | 23 | €84,925 | €91,139 | +€6,214 | +7.3% |
| Furniture and vehicles | 24 | €31,187 | €23,687 | -€7,500 | -24.0% |
| Current assets | 29/58 | €757,343 | €742,335 | -€15,008 | -2.0% |
| Amounts receivable within one year | 40/41 | €477,688 | €411,971 | -€65,717 | -13.8% |
| Trade receivables | 40 | €440,671 | €369,483 | -€71,188 | -16.2% |
| Other amounts receivable | 41 | €37,017 | €42,488 | +€5,471 | +14.8% |
| Cash at bank and in hand | 54/58 | €274,386 | €322,497 | +€48,112 | +17.5% |
| Deferred charges and accrued income | 490/1 | €5,270 | €7,867 | +€2,597 | +49.3% |
| Total equity and liabilities | 10/49 | €873,455 | €857,160 | -€16,295 | -1.9% |
| Equity | 10/15 | €469,739 | €492,289 | +€22,550 | +4.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €359,739 | €382,289 | +€22,550 | +6.3% |
| Amounts payable | 17/49 | €403,716 | €364,872 | -€38,844 | -9.6% |
| Amounts payable after more than one year | 17 | €16,109 | €20,148 | +€4,039 | +25.1% |
| Financial debts | 170/4 | €16,109 | €20,148 | +€4,039 | +25.1% |
| Amounts payable within one year | 42/48 | €387,607 | €344,723 | -€42,883 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €42,637 | €46,703 | +€4,066 | +9.5% |
| Trade debts | 44 | €43,791 | €132,577 | +€88,786 | +202.8% |
| Suppliers | 440/4 | €43,791 | €132,577 | +€88,786 | +202.8% |
| Taxes, remuneration and social security | 45 | €143,679 | €137,444 | -€6,235 | -4.3% |
| Taxes | 450/3 | €51,903 | €57,529 | +€5,626 | +10.8% |
| Remuneration and social security | 454/9 | €91,776 | €79,915 | -€11,861 | -12.9% |
| Other amounts payable | 47/48 | €157,500 | €28,000 | -€129,500 | -82.2% |
| Remuneration, social security and pensions | 62 | €782,412 | €813,088 | +€30,676 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,928 | €45,426 | +€7,498 | +19.8% |
| Other operating charges | 640/8 | €6,144 | €7,511 | +€1,367 | +22.2% |
| Gross operating margin | 9900 | €1,027,677 | €963,505 | -€64,172 | -6.2% |
| Operating profit (loss) | 9901 | €201,193 | €97,480 | -€103,713 | -51.5% |
| Financial income | 75/76B | €0 | €413 | +€413 | |
| Recurring financial income | 75 | €0 | €413 | +€413 | |
| Financial charges | 65/66B | €18,956 | €16,815 | -€2,141 | -11.3% |
| Recurring financial charges | 65 | €18,956 | €16,815 | -€2,141 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €182,237 | €81,078 | -€101,159 | -55.5% |
| Income taxes | 67/77 | €22,697 | €30,529 | +€7,832 | +34.5% |
| Profit (loss) for the period | 9904 | €159,540 | €50,550 | -€108,991 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €159,540 | €50,550 | -€108,991 | -68.3% |
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 3 October 2026 via checked.be.