SVSBOUW: 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.
SVSBOUW
Largest movements
- Receivables within one year +€34,259
up €34,259 (+427.7%), from €8,009 to €42,268
of which Trade receivables: +€34,765
- Cash -€18,207
down €18,207 (-16.0%), from €113,491 to €95,284
mainly Receivables within one year (-€34,259) and Other debts (-€14,917)
- Tangible fixed assets -€5,373
down €5,373 (-26.7%), from €20,117 to €14,743
of which Plant, machinery and equipment: -€3,037
- Financial fixed assets +€4,000
up €4,000 (+80.0%), from €5,000 to €9,000
- Deferred charges and accrued income -€2,616
down €2,616 (-45.0%), from €5,808 to €3,192
- Profit (loss) carried forward +€21,085
up €21,085 (+79.1%), from -€26,650 to -€5,565
- Other debts -€14,917
down €14,917 (-64.6%), from €23,080 to €8,164
- Trade debts +€9,207
up €9,207 (+244.3%), from €3,769 to €12,976
- Tax, wage and social debts -€3,338
down €3,338 (-100.0%), from €3,338 to €0
of which Remuneration and social security: -€3,265
- Staff costs -€59,850
down €59,850 (-66.9%), from €89,474 to €29,624
- Gross operating margin -€10,053
down €10,053 (-15.0%), from €67,199 to €57,147
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 | €152,425 | €164,487 | +€12,062 | +7.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €25,117 | €23,743 | -€1,373 | -5.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €20,117 | €14,743 | -€5,373 | -26.7% |
| Plant, machinery and equipment | 23 | €5,496 | €2,459 | -€3,037 | -55.3% |
| Furniture and vehicles | 24 | €7,924 | €6,273 | -€1,651 | -20.8% |
| Other tangible fixed assets | 26 | €6,696 | €6,011 | -€685 | -10.2% |
| Financial fixed assets | 28 | €5,000 | €9,000 | +€4,000 | +80.0% |
| Current assets | 29/58 | €127,308 | €140,744 | +€13,436 | +10.6% |
| Amounts receivable within one year | 40/41 | €8,009 | €42,268 | +€34,259 | +427.7% |
| Trade receivables | 40 | €3,449 | €38,214 | +€34,765 | +1007.9% |
| Other amounts receivable | 41 | €4,560 | €4,054 | -€506 | -11.1% |
| Cash at bank and in hand | 54/58 | €113,491 | €95,284 | -€18,207 | -16.0% |
| Deferred charges and accrued income | 490/1 | €5,808 | €3,192 | -€2,616 | -45.0% |
| Total equity and liabilities | 10/49 | €152,425 | €164,487 | +€12,062 | +7.9% |
| Equity | 10/15 | €122,237 | €143,322 | +€21,085 | +17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,287 | €130,287 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €130,287 | €130,287 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,650 | -€5,565 | +€21,085 | +79.1% |
| Amounts payable | 17/49 | €30,188 | €21,165 | -€9,022 | -29.9% |
| Amounts payable within one year | 42/48 | €30,188 | €21,139 | -€9,048 | -30.0% |
| Trade debts | 44 | €3,769 | €12,976 | +€9,207 | +244.3% |
| Suppliers | 440/4 | €3,769 | €12,976 | +€9,207 | +244.3% |
| Taxes, remuneration and social security | 45 | €3,338 | €0 | -€3,338 | -100.0% |
| Taxes | 450/3 | €74 | €0 | -€74 | -100.0% |
| Remuneration and social security | 454/9 | €3,265 | €0 | -€3,265 | -100.0% |
| Other amounts payable | 47/48 | €23,080 | €8,164 | -€14,917 | -64.6% |
| Accrued charges and deferred income | 492/3 | - | €26 | +€26 | |
| Remuneration, social security and pensions | 62 | €89,474 | €29,624 | -€59,850 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,840 | €5,373 | -€466 | -8.0% |
| Other operating charges | 640/8 | €1,396 | €977 | -€419 | -30.0% |
| Gross operating margin | 9900 | €67,199 | €57,147 | -€10,053 | -15.0% |
| Operating profit (loss) | 9901 | -€29,511 | €21,172 | +€50,683 | |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.4% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.4% |
| Financial charges | 65/66B | €175 | €88 | -€87 | -49.7% |
| Recurring financial charges | 65 | €175 | €88 | -€87 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | -€29,665 | €21,085 | +€50,750 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€29,665 | €21,085 | +€50,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,665 | €21,085 | +€50,750 |
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 6 October 2026 via checked.be.