SVRE: 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.
SVRE
Largest movements
- Cash -€792,070
down €792,070 (-80.6%), from €982,716 to €190,647
mainly Receivables within one year (-€687,739) and Investment in fixed assets (net) (-€318,877)
- Receivables within one year +€687,739
up €687,739 (+11,192%), from €6,145 to €693,884
of which Other amounts receivable: +€611,672
- Financial fixed assets +€313,269
new in 2025: €313,269
- Deferred charges and accrued income +€19,243
up €19,243 (+540%), from €3,563 to €22,806
- Other debts +€240,021
up €240,021 (+44.6%), from €538,157 to €778,178
- Profit (loss) carried forward -€22,358
down €22,358 (-36.1%), from -€61,945 to -€84,303
- Financial income +€28,088
up €28,088 (+877%), from €3,202 to €31,290
- Gross operating margin +€16,229
up €16,229 (+30.9%), from -€52,439 to -€36,210
- Financial charges +€13,108
up €13,108 (+2,279%), from €575 to €13,683
- Other operating charges -€5,352
down €5,352 (-71.0%), from €7,540 to €2,188
- Depreciation +€1,377
up €1,377 (+1,364%), from €101 to €1,478
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 | €997,542 | €1,228,097 | +€230,555 | +23.1% |
| Fixed assets | 21/28 | €768 | €318,167 | +€317,399 | +41,327% |
| Tangible fixed assets | 22/27 | €768 | €4,898 | +€4,130 | +538% |
| Furniture and vehicles | 24 | €768 | €4,898 | +€4,130 | +538% |
| Financial fixed assets | 28 | - | €313,269 | +€313,269 | |
| Current assets | 29/58 | €996,774 | €909,930 | -€86,844 | -8.7% |
| Stocks and contracts in progress | 3 | €4,349 | €2,593 | -€1,756 | -40.4% |
| Stocks | 30/36 | €4,349 | €2,593 | -€1,756 | -40.4% |
| Amounts receivable within one year | 40/41 | €6,145 | €693,884 | +€687,739 | +11,192% |
| Trade receivables | 40 | €2,087 | €78,155 | +€76,067 | +3,644% |
| Other amounts receivable | 41 | €4,058 | €615,729 | +€611,672 | +15,075% |
| Cash at bank and in hand | 54/58 | €982,716 | €190,647 | -€792,070 | -80.6% |
| Deferred charges and accrued income | 490/1 | €3,563 | €22,806 | +€19,243 | +540% |
| Total equity and liabilities | 10/49 | €997,542 | €1,228,097 | +€230,555 | +23.1% |
| Equity | 10/15 | €456,655 | €434,297 | -€22,358 | -4.9% |
| Contributions | 10/11 | €518,600 | €518,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,945 | -€84,303 | -€22,358 | -36.1% |
| Amounts payable | 17/49 | €540,887 | €793,800 | +€252,913 | +46.8% |
| Amounts payable within one year | 42/48 | €540,887 | €793,800 | +€252,913 | +46.8% |
| Trade debts | 44 | €2,729 | €10,677 | +€7,948 | +291% |
| Suppliers | 440/4 | €2,729 | €10,677 | +€7,948 | +291% |
| Taxes, remuneration and social security | 45 | - | €4,944 | +€4,944 | |
| Taxes | 450/3 | - | €4,944 | +€4,944 | |
| Other amounts payable | 47/48 | €538,157 | €778,178 | +€240,021 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101 | €1,478 | +€1,377 | +1,364% |
| Other operating charges | 640/8 | €7,540 | €2,188 | -€5,352 | -71.0% |
| Gross operating margin | 9900 | -€52,439 | -€36,210 | +€16,229 | +30.9% |
| Operating profit (loss) | 9901 | -€60,079 | -€39,876 | +€20,204 | +33.6% |
| Financial income | 75/76B | €3,202 | €31,290 | +€28,088 | +877% |
| Recurring financial income | 75 | €3,202 | €31,290 | +€28,088 | +877% |
| Financial charges | 65/66B | €575 | €13,683 | +€13,108 | +2,279% |
| Recurring financial charges | 65 | €575 | €13,683 | +€13,108 | +2,279% |
| Profit (loss) for the period before taxes | 9903 | -€57,452 | -€22,269 | +€35,184 | +61.2% |
| Income taxes | 67/77 | - | €89 | +€89 | |
| Profit (loss) for the period | 9904 | -€57,452 | -€22,358 | +€35,094 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,452 | -€22,358 | +€35,094 | +61.1% |
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 15 October 2026 via checked.be.