SVS: 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.
SVS
Largest movements
- Cash +€76,592
up €76,592 (+78.9%), from €97,070 to €173,661
mainly Net result for the year (+€71,302) and Receivables within one year (+€29,491)
- Receivables within one year -€29,491
down €29,491 (-27.1%), from €108,852 to €79,361
of which Trade receivables: -€22,777
- Tangible fixed assets +€23,028
up €23,028 (+14.5%), from €158,938 to €181,967
of which Land and buildings: +€23,544
- Stocks and contracts +€4,890
up €4,890 (+17.8%), from €27,465 to €32,355
- Profit (loss) carried forward +€71,302
up €71,302 (+50.9%), from €140,160 to €211,462
- Tax, wage and social debts +€22,218
up €22,218 (+73.6%), from €30,196 to €52,414
of which Taxes: +€13,642
- Trade debts -€14,701
down €14,701 (-27.0%), from €54,530 to €39,829
- Other debts -€10,062
down €10,062 (-68.9%), from €14,604 to €4,542
- Gross operating margin +€32,726
up €32,726 (+21.9%), from €149,456 to €182,182
- Taxes +€8,451
up €8,451 (+65.9%), from €12,815 to €21,266
- Staff costs +€8,056
up €8,056 (+13.0%), from €62,122 to €70,178
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 | €392,325 | €467,344 | +€75,019 | +19.1% |
| Fixed assets | 21/28 | €158,938 | €181,967 | +€23,028 | +14.5% |
| Tangible fixed assets | 22/27 | €158,938 | €181,967 | +€23,028 | +14.5% |
| Land and buildings | 22 | €156,203 | €179,747 | +€23,544 | +15.1% |
| Plant, machinery and equipment | 23 | €2,736 | €2,220 | -€515 | -18.8% |
| Current assets | 29/58 | €233,387 | €285,378 | +€51,991 | +22.3% |
| Stocks and contracts in progress | 3 | €27,465 | €32,355 | +€4,890 | +17.8% |
| Stocks | 30/36 | €27,465 | €32,355 | +€4,890 | +17.8% |
| Amounts receivable within one year | 40/41 | €108,852 | €79,361 | -€29,491 | -27.1% |
| Trade receivables | 40 | €90,955 | €68,178 | -€22,777 | -25.0% |
| Other amounts receivable | 41 | €17,897 | €11,183 | -€6,714 | -37.5% |
| Cash at bank and in hand | 54/58 | €97,070 | €173,661 | +€76,592 | +78.9% |
| Total equity and liabilities | 10/49 | €392,325 | €467,344 | +€75,019 | +19.1% |
| Equity | 10/15 | €146,360 | €217,662 | +€71,302 | +48.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,160 | €211,462 | +€71,302 | +50.9% |
| Amounts payable | 17/49 | €245,966 | €249,683 | +€3,717 | +1.5% |
| Amounts payable after more than one year | 17 | €138,621 | €142,698 | +€4,077 | +2.9% |
| Financial debts | 170/4 | €138,621 | €142,698 | +€4,077 | +2.9% |
| Amounts payable within one year | 42/48 | €107,344 | €106,985 | -€360 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €8,014 | €10,200 | +€2,185 | +27.3% |
| Trade debts | 44 | €54,530 | €39,829 | -€14,701 | -27.0% |
| Suppliers | 440/4 | €54,530 | €39,829 | -€14,701 | -27.0% |
| Taxes, remuneration and social security | 45 | €30,196 | €52,414 | +€22,218 | +73.6% |
| Taxes | 450/3 | €12,190 | €25,832 | +€13,642 | +112% |
| Remuneration and social security | 454/9 | €18,007 | €26,582 | +€8,576 | +47.6% |
| Other amounts payable | 47/48 | €14,604 | €4,542 | -€10,062 | -68.9% |
| Remuneration, social security and pensions | 62 | €62,122 | €70,178 | +€8,056 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,132 | €9,098 | -€1,034 | -10.2% |
| Other operating charges | 640/8 | €1,180 | €811 | -€369 | -31.3% |
| Gross operating margin | 9900 | €149,456 | €182,182 | +€32,726 | +21.9% |
| Operating profit (loss) | 9901 | €76,022 | €102,096 | +€26,074 | +34.3% |
| Financial income | 75/76B | €95 | €180 | +€85 | +88.8% |
| Recurring financial income | 75 | €95 | €180 | +€85 | +88.8% |
| Financial charges | 65/66B | €9,624 | €9,708 | +€84 | +0.9% |
| Recurring financial charges | 65 | €9,624 | €9,708 | +€84 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €66,494 | €92,568 | +€26,074 | +39.2% |
| Income taxes | 67/77 | €12,815 | €21,266 | +€8,451 | +65.9% |
| Profit (loss) for the period | 9904 | €53,679 | €71,302 | +€17,623 | +32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,679 | €71,302 | +€17,623 | +32.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.