SVS SYSTEMS: 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 SYSTEMS
Largest movements
- Tangible fixed assets +€44,858
up €44,858 (+97.3%), from €46,105 to €90,963
of which Furniture and vehicles: +€42,922
- Cash -€28,808
down €28,808 (-20.8%), from €138,458 to €109,650
mainly Investment in fixed assets (net) (-€60,913) and Net result for the year (-€6,044)
- Receivables within one year -€3,986
down €3,986 (-6.0%), from €65,943 to €61,957
of which Other amounts receivable: -€3,600
- Other debts +€20,770
up €20,770 (+74.2%), from €27,978 to €48,748
- Profit (loss) carried forward -€6,044
down €6,044 (-3.5%), from €174,823 to €168,778
- Depreciation -€3,268
down €3,268 (-16.9%), from €19,323 to €16,055
- Other operating charges +€2,505
up €2,505 (+225.6%), from €1,110 to €3,616
- Gross operating margin +€150
up €150 (+1.1%), from €13,723 to €13,873
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 | €251,669 | €264,420 | +€12,751 | +5.1% |
| Fixed assets | 21/28 | €46,105 | €90,963 | +€44,858 | +97.3% |
| Tangible fixed assets | 22/27 | €46,105 | €90,963 | +€44,858 | +97.3% |
| Plant, machinery and equipment | 23 | - | €1,631 | +€1,631 | |
| Furniture and vehicles | 24 | €43,490 | €86,412 | +€42,922 | +98.7% |
| Other tangible fixed assets | 26 | €2,615 | €2,919 | +€304 | +11.6% |
| Current assets | 29/58 | €205,564 | €173,457 | -€32,107 | -15.6% |
| Amounts receivable within one year | 40/41 | €65,943 | €61,957 | -€3,986 | -6.0% |
| Trade receivables | 40 | €51,543 | €51,157 | -€386 | -0.7% |
| Other amounts receivable | 41 | €14,400 | €10,800 | -€3,600 | -25.0% |
| Cash at bank and in hand | 54/58 | €138,458 | €109,650 | -€28,808 | -20.8% |
| Deferred charges and accrued income | 490/1 | €1,163 | €1,849 | +€687 | +59.0% |
| Total equity and liabilities | 10/49 | €251,669 | €264,420 | +€12,751 | +5.1% |
| Equity | 10/15 | €195,283 | €189,238 | -€6,044 | -3.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,823 | €168,778 | -€6,044 | -3.5% |
| Amounts payable | 17/49 | €56,386 | €75,181 | +€18,796 | +33.3% |
| Amounts payable within one year | 42/48 | €56,386 | €75,181 | +€18,796 | +33.3% |
| Trade debts | 44 | €1,742 | €636 | -€1,106 | -63.5% |
| Suppliers | 440/4 | €1,742 | €636 | -€1,106 | -63.5% |
| Taxes, remuneration and social security | 45 | €26,665 | €25,797 | -€868 | -3.3% |
| Taxes | 450/3 | €26,665 | €25,797 | -€868 | -3.3% |
| Other amounts payable | 47/48 | €27,978 | €48,748 | +€20,770 | +74.2% |
| Non-recurring operating income | 76A | - | €8,751 | +€8,751 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,323 | €16,055 | -€3,268 | -16.9% |
| Other operating charges | 640/8 | €1,110 | €3,616 | +€2,505 | +225.6% |
| Gross operating margin | 9900 | €13,723 | €13,873 | +€150 | +1.1% |
| Operating profit (loss) | 9901 | -€6,711 | -€5,798 | +€913 | +13.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €193 | €166 | -€28 | -14.3% |
| Recurring financial charges | 65 | €193 | €166 | -€28 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,905 | -€5,964 | +€941 | +13.6% |
| Income taxes | 67/77 | €140 | €81 | -€59 | -42.0% |
| Profit (loss) for the period | 9904 | -€7,044 | -€6,044 | +€1,000 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,044 | -€6,044 | +€1,000 | +14.2% |
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 9 October 2026 via checked.be.