SVO Projectmanagement: 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.
SVO Projectmanagement
Largest movements
- Cash +€20,191
up €20,191 (+15.8%), from €128,057 to €148,248
mainly Net result for the year (+€30,426) and Depreciation (+€5,272)
- Tangible fixed assets -€5,272
down €5,272 (-59.7%), from €8,836 to €3,564
of which Furniture and vehicles: -€4,979
- Reserves +€30,426
up €30,426 (+22.7%), from €133,933 to €164,360
- Tax, wage and social debts -€13,772
down €13,772 (-33.6%), from €41,017 to €27,245
- Gross operating margin -€39,347
down €39,347 (-44.7%), from €88,030 to €48,683
- Taxes -€9,925
down €9,925 (-43.3%), from €22,911 to €12,986
- Depreciation -€2,496
down €2,496 (-32.1%), from €7,767 to €5,272
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 | €180,327 | €196,593 | +€16,266 | +9.0% |
| Fixed assets | 21/28 | €8,836 | €3,564 | -€5,272 | -59.7% |
| Tangible fixed assets | 22/27 | €8,836 | €3,564 | -€5,272 | -59.7% |
| Plant, machinery and equipment | 23 | €560 | €268 | -€293 | -52.2% |
| Furniture and vehicles | 24 | €8,276 | €3,297 | -€4,979 | -60.2% |
| Current assets | 29/58 | €171,491 | €193,029 | +€21,538 | +12.6% |
| Amounts receivable within one year | 40/41 | €42,081 | €43,332 | +€1,251 | +3.0% |
| Trade receivables | 40 | €29,131 | €14,914 | -€14,217 | -48.8% |
| Other amounts receivable | 41 | €12,950 | €28,418 | +€15,468 | +119.5% |
| Cash at bank and in hand | 54/58 | €128,057 | €148,248 | +€20,191 | +15.8% |
| Deferred charges and accrued income | 490/1 | €1,353 | €1,449 | +€95 | +7.0% |
| Total equity and liabilities | 10/49 | €180,327 | €196,593 | +€16,266 | +9.0% |
| Equity | 10/15 | €136,933 | €167,360 | +€30,426 | +22.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €133,933 | €164,360 | +€30,426 | +22.7% |
| Distributable reserves | 133 | €133,933 | €164,360 | +€30,426 | +22.7% |
| Amounts payable | 17/49 | €43,394 | €29,234 | -€14,160 | -32.6% |
| Amounts payable within one year | 42/48 | €43,394 | €29,234 | -€14,160 | -32.6% |
| Trade debts | 44 | €2,377 | €1,988 | -€388 | -16.3% |
| Suppliers | 440/4 | €2,377 | €1,988 | -€388 | -16.3% |
| Taxes, remuneration and social security | 45 | €41,017 | €27,245 | -€13,772 | -33.6% |
| Taxes | 450/3 | €41,017 | €27,245 | -€13,772 | -33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,767 | €5,272 | -€2,496 | -32.1% |
| Other operating charges | 640/8 | €767 | €863 | +€95 | +12.4% |
| Gross operating margin | 9900 | €88,030 | €48,683 | -€39,347 | -44.7% |
| Operating profit (loss) | 9901 | €79,495 | €42,549 | -€36,946 | -46.5% |
| Financial income | 75/76B | €392 | €1,066 | +€674 | +171.8% |
| Recurring financial income | 75 | €392 | €1,066 | +€674 | +171.8% |
| Financial charges | 65/66B | €278 | €203 | -€75 | -27.0% |
| Recurring financial charges | 65 | €278 | €203 | -€75 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €79,610 | €43,413 | -€36,197 | -45.5% |
| Income taxes | 67/77 | €22,911 | €12,986 | -€9,925 | -43.3% |
| Profit (loss) for the period | 9904 | €56,699 | €30,426 | -€26,272 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,699 | €30,426 | -€26,272 | -46.3% |
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 8 October 2026 via checked.be.