SVRTim: 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.
SVRTim
Largest movements
- Stocks and contracts +€26,695
up €26,695 (+2.8%), from €956,497 to €983,192
- Other debts +€60,846
up €60,846 (+6.3%), from €967,720 to €1.0m
- Profit (loss) carried forward -€39,334
down €39,334 (-59.0%), from -€66,634 to -€105,968
- Depreciation -€7,494
down €7,494 (-41.5%), from €18,038 to €10,544
- Gross operating margin -€7,488
down €7,488 (-39.6%), from -€18,931 to -€26,419
- Financial charges -€324
down €324 (-62.1%), from €522 to €198
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 | €979,097 | €995,814 | +€16,717 | +1.7% |
| Fixed assets | 21/28 | €18,605 | €9,002 | -€9,603 | -51.6% |
| Tangible fixed assets | 22/27 | €18,193 | €8,590 | -€9,603 | -52.8% |
| Plant, machinery and equipment | 23 | €1,518 | €766 | -€752 | -49.5% |
| Furniture and vehicles | 24 | €16,675 | €7,824 | -€8,851 | -53.1% |
| Financial fixed assets | 28 | €412 | €412 | = | 0.0% |
| Current assets | 29/58 | €960,492 | €986,812 | +€26,320 | +2.7% |
| Stocks and contracts in progress | 3 | €956,497 | €983,192 | +€26,695 | +2.8% |
| Stocks | 30/36 | €956,497 | €983,192 | +€26,695 | +2.8% |
| Amounts receivable within one year | 40/41 | €2,745 | €2,487 | -€258 | -9.4% |
| Other amounts receivable | 41 | €2,745 | €2,487 | -€258 | -9.4% |
| Cash at bank and in hand | 54/58 | €415 | €229 | -€186 | -44.8% |
| Deferred charges and accrued income | 490/1 | €835 | €904 | +€69 | +8.3% |
| Total equity and liabilities | 10/49 | €979,097 | €995,814 | +€16,717 | +1.7% |
| Equity | 10/15 | €2,116 | -€37,218 | -€39,334 | |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,634 | -€105,968 | -€39,334 | -59.0% |
| Amounts payable | 17/49 | €976,981 | €1,033,032 | +€56,051 | +5.7% |
| Amounts payable after more than one year | 17 | €1,146 | - | -€1,146 | |
| Financial debts | 170/4 | €1,146 | - | -€1,146 | |
| Amounts payable within one year | 42/48 | €975,823 | €1,032,985 | +€57,162 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €4,583 | €1,146 | -€3,437 | -75.0% |
| Trade debts | 44 | €3,520 | €3,273 | -€247 | -7.0% |
| Suppliers | 440/4 | €3,520 | €3,273 | -€247 | -7.0% |
| Other amounts payable | 47/48 | €967,720 | €1,028,566 | +€60,846 | +6.3% |
| Accrued charges and deferred income | 492/3 | €12 | €47 | +€35 | +291.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,038 | €10,544 | -€7,494 | -41.5% |
| Other operating charges | 640/8 | €2,195 | €2,173 | -€22 | -1.0% |
| Gross operating margin | 9900 | -€18,931 | -€26,419 | -€7,488 | -39.6% |
| Operating profit (loss) | 9901 | -€39,164 | -€39,136 | +€28 | +0.1% |
| Financial charges | 65/66B | €522 | €198 | -€324 | -62.1% |
| Recurring financial charges | 65 | €522 | €198 | -€324 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | -€39,686 | -€39,334 | +€352 | +0.9% |
| Profit (loss) for the period | 9904 | -€39,686 | -€39,334 | +€352 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,686 | -€39,334 | +€352 | +0.9% |
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 2 October 2026 via checked.be.