SVP: 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.
SVP
Largest movements
- Current investments +€1.2m
up €1.2m (+150.0%), from €800,000 to €2.0m
- Reserves +€3.1m
up €3.1m (+145.4%), from €2.2m to €5.3m
of which Distributable reserves: +€3.2m
- Other debts -€1.9m
down €1.9m (-36.4%), from €5.2m to €3.3m
- Financial income +€1.9m
up €1.9m (+154.9%), from €1.2m to €3.1m
- Gross operating margin +€22,738
up €22,738 (+69.3%), from -€32,825 to -€10,087
- Other operating charges -€6,268
down €6,268 (-83.8%), from €7,483 to €1,215
- Financial charges -€647
down €647 (-78.9%), from €820 to €173
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 | €12,768,634 | €14,000,692 | +€1.2m | +9.6% |
| Fixed assets | 21/28 | €11,942,148 | €11,942,148 | = | 0.0% |
| Financial fixed assets | 28 | €11,942,148 | €11,942,148 | = | 0.0% |
| Current assets | 29/58 | €826,486 | €2,058,544 | +€1.2m | +149.1% |
| Amounts receivable within one year | 40/41 | €1,623 | €11,822 | +€10,199 | +628.6% |
| Trade receivables | 40 | - | €3,828 | +€3,828 | |
| Other amounts receivable | 41 | €1,623 | €7,994 | +€6,371 | +392.7% |
| Current investments | 50/53 | €800,000 | €2,000,000 | +€1.2m | +150.0% |
| Cash at bank and in hand | 54/58 | €18,070 | €29,558 | +€11,488 | +63.6% |
| Deferred charges and accrued income | 490/1 | €6,794 | €17,165 | +€10,371 | +152.7% |
| Total equity and liabilities | 10/49 | €12,768,634 | €14,000,692 | +€1.2m | +9.6% |
| Equity | 10/15 | €7,543,576 | €10,674,391 | +€3.1m | +41.5% |
| Contributions | 10/11 | €5,390,000 | €5,390,000 | = | 0.0% |
| Reserves | 13 | €2,153,576 | €5,284,391 | +€3.1m | +145.4% |
| Non-distributable reserves | 130/1 | €100,690 | €0 | -€100,690 | -100.0% |
| Reserves not available under the articles | 1311 | €100,690 | €0 | -€100,690 | -100.0% |
| Distributable reserves | 133 | €2,052,886 | €5,284,391 | +€3.2m | +157.4% |
| Amounts payable | 17/49 | €5,225,058 | €3,326,301 | -€1.9m | -36.3% |
| Amounts payable within one year | 42/48 | €5,225,058 | €3,326,301 | -€1.9m | -36.3% |
| Trade debts | 44 | €2,585 | €3,828 | +€1,243 | +48.1% |
| Suppliers | 440/4 | €2,585 | €3,828 | +€1,243 | +48.1% |
| Other amounts payable | 47/48 | €5,222,473 | €3,322,473 | -€1.9m | -36.4% |
| Other operating charges | 640/8 | €7,483 | €1,215 | -€6,268 | -83.8% |
| Gross operating margin | 9900 | -€32,825 | -€10,087 | +€22,738 | +69.3% |
| Operating profit (loss) | 9901 | -€40,308 | -€11,302 | +€29,007 | +72.0% |
| Financial income | 75/76B | €1,232,534 | €3,142,290 | +€1.9m | +154.9% |
| Recurring financial income | 75 | €1,232,534 | €3,142,290 | +€1.9m | +154.9% |
| Financial charges | 65/66B | €820 | €173 | -€647 | -78.9% |
| Recurring financial charges | 65 | €820 | €173 | -€647 | -78.9% |
| Profit (loss) for the period before taxes | 9903 | €1,191,405 | €3,130,815 | +€1.9m | +162.8% |
| Profit (loss) for the period | 9904 | €1,191,405 | €3,130,815 | +€1.9m | +162.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,191,405 | €3,130,815 | +€1.9m | +162.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.