SVN MANAGEMENT: 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.
SVN MANAGEMENT
Largest movements
- Receivables within one year -€62
down €62 (-67.9%), from €92 to €30
- Profit (loss) carried forward -€621
down €621 (-28.5%), from -€2,178 to -€2,799
- Other debts +€441
up €441 (+21.6%), from €2,040 to €2,481
- Trade debts +€109
up €109 (+54.3%), from €200 to €309
- Short-term financial debts +€8
up €8 (+28.4%), from €30 to €38
- Depreciation -€1,240
no longer reported in 2025 (was €1,240)
- Other operating charges -€500
no longer reported in 2025 (was €500)
- Gross operating margin -€196
down €196 (-52.0%), from -€377 to -€572
- Financial charges -€13
down €13 (-20.7%), from €61 to €48
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92 | €30 | -€62 | -67.9% |
| Current assets | 29/58 | €92 | €30 | -€62 | -67.9% |
| Amounts receivable within one year | 40/41 | €92 | €30 | -€62 | -67.9% |
| Other amounts receivable | 41 | €92 | €30 | -€62 | -67.9% |
| Total equity and liabilities | 10/49 | €92 | €30 | -€62 | -67.9% |
| Equity | 10/15 | -€2,178 | -€2,799 | -€621 | -28.5% |
| Profit (loss) carried forward | 14 | -€2,178 | -€2,799 | -€621 | -28.5% |
| Amounts payable | 17/49 | €2,270 | €2,828 | +€558 | +24.6% |
| Amounts payable within one year | 42/48 | €2,270 | €2,828 | +€558 | +24.6% |
| Financial debts | 43 | €30 | €38 | +€8 | +28.4% |
| Credit institutions | 430/8 | €30 | €38 | +€8 | +28.4% |
| Trade debts | 44 | €200 | €309 | +€109 | +54.3% |
| Suppliers | 440/4 | €200 | €309 | +€109 | +54.3% |
| Other amounts payable | 47/48 | €2,040 | €2,481 | +€441 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | - | -€1,240 | |
| Other operating charges | 640/8 | €500 | - | -€500 | |
| Gross operating margin | 9900 | -€377 | -€572 | -€196 | -52.0% |
| Operating profit (loss) | 9901 | -€2,117 | -€572 | +€1,544 | +73.0% |
| Financial charges | 65/66B | €61 | €48 | -€13 | -20.7% |
| Recurring financial charges | 65 | €61 | €48 | -€13 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,178 | -€621 | +€1,557 | +71.5% |
| Profit (loss) for the period | 9904 | -€2,178 | -€621 | +€1,557 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,178 | -€621 | +€1,557 | +71.5% |
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.