SVR-Law: what changed
Two financial 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.
SVR-Law
Largest movements
- Receivables after one year +€33,331
up €33,331 (+80.0%), from €41,669 to €75,000
- Cash +€16,968
up €16,968 (+256%), from €6,640 to €23,608
mainly Net result for the year (+€54,231) and Tax, wage and social debts (+€17,088)
- Receivables within one year +€16,426
up €16,426 (+889%), from €1,849 to €18,274
of which Trade receivables: +€18,274
- Tangible fixed assets +€5,462
up €5,462 (+43.6%), from €12,530 to €17,993
of which Other tangible fixed assets: +€6,165
- Reserves +€54,231
up €54,231 (+137%), from €39,675 to €93,906
- Tax, wage and social debts +€17,088
up €17,088 (+85.4%), from €20,013 to €37,101
- Gross operating margin +€15,045
up €15,045 (+27.6%), from €54,562 to €69,607
- Taxes +€2,973
up €2,973 (+26.9%), from €11,051 to €14,024
- Financial income +€1,710
up €1,710 (+186%), from €921 to €2,631
- Financial charges -€1,063
down €1,063 (-38.1%), from €2,793 to €1,730
- Depreciation +€727
up €727 (+67.5%), from €1,077 to €1,804
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.
Derived cash bridge
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 | €62,688 | €134,875 | +€72,187 | +115% |
| Fixed assets | 21/28 | €12,530 | €17,993 | +€5,462 | +43.6% |
| Tangible fixed assets | 22/27 | €12,530 | €17,993 | +€5,462 | +43.6% |
| Furniture and vehicles | 24 | €3,008 | €2,306 | -€702 | -23.3% |
| Other tangible fixed assets | 26 | €9,522 | €15,687 | +€6,165 | +64.7% |
| Current assets | 29/58 | €50,158 | €116,882 | +€66,725 | +133% |
| Amounts receivable after more than one year | 29 | €41,669 | €75,000 | +€33,331 | +80.0% |
| Other amounts receivable | 291 | €41,669 | €75,000 | +€33,331 | +80.0% |
| Amounts receivable within one year | 40/41 | €1,849 | €18,274 | +€16,426 | +889% |
| Trade receivables | 40 | - | €18,274 | +€18,274 | |
| Other amounts receivable | 41 | €1,849 | - | -€1,849 | |
| Cash at bank and in hand | 54/58 | €6,640 | €23,608 | +€16,968 | +256% |
| Total equity and liabilities | 10/49 | €62,688 | €134,875 | +€72,187 | +115% |
| Equity | 10/15 | €42,675 | €96,906 | +€54,231 | +127% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €39,675 | €93,906 | +€54,231 | +137% |
| Distributable reserves | 133 | €39,675 | €93,906 | +€54,231 | +137% |
| Amounts payable | 17/49 | €20,013 | €37,969 | +€17,956 | +89.7% |
| Amounts payable within one year | 42/48 | €20,013 | €37,969 | +€17,956 | +89.7% |
| Taxes, remuneration and social security | 45 | €20,013 | €37,101 | +€17,088 | +85.4% |
| Taxes | 450/3 | €20,013 | €37,101 | +€17,088 | +85.4% |
| Other amounts payable | 47/48 | - | €868 | +€868 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,077 | €1,804 | +€727 | +67.5% |
| Other operating charges | 640/8 | €886 | €449 | -€436 | -49.3% |
| Gross operating margin | 9900 | €54,562 | €69,607 | +€15,045 | +27.6% |
| Operating profit (loss) | 9901 | €52,599 | €67,354 | +€14,755 | +28.1% |
| Financial income | 75/76B | €921 | €2,631 | +€1,710 | +186% |
| Recurring financial income | 75 | €921 | €2,631 | +€1,710 | +186% |
| Financial charges | 65/66B | €2,793 | €1,730 | -€1,063 | -38.1% |
| Recurring financial charges | 65 | €2,793 | €1,730 | -€1,063 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €50,726 | €68,254 | +€17,528 | +34.6% |
| Income taxes | 67/77 | €11,051 | €14,024 | +€2,973 | +26.9% |
| Profit (loss) for the period | 9904 | €39,675 | €54,231 | +€14,555 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,675 | €54,231 | +€14,555 | +36.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.