SVT: 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.
SVT
Largest movements
- Tangible fixed assets -€23,521
down €23,521 (-4.4%), from €532,726 to €509,206
of which Other tangible fixed assets: -€22,863
- Receivables within one year +€15,267
up €15,267 (+55.7%), from €27,414 to €42,681
- Cash -€8,542
down €8,542 (-65.6%), from €13,027 to €4,485
mainly Receivables within one year (-€15,267) and Net result for the year (-€13,633)
- Profit (loss) carried forward -€10,024
down €10,024 (-41.2%), from -€24,304 to -€34,329
- Gross operating margin +€10,940
up €10,940, from -€867 to €10,073
- Financial income +€6,431
up €6,431 (+498%), from €1,292 to €7,723
- Taxes +€1,618
up €1,618 (+55.0%), from €2,943 to €4,561
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 | €673,340 | €659,343 | -€13,997 | -2.1% |
| Fixed assets | 21/28 | €532,726 | €509,206 | -€23,521 | -4.4% |
| Tangible fixed assets | 22/27 | €532,726 | €509,206 | -€23,521 | -4.4% |
| Plant, machinery and equipment | 23 | €1,315 | €658 | -€658 | -50.0% |
| Other tangible fixed assets | 26 | €531,411 | €508,548 | -€22,863 | -4.3% |
| Current assets | 29/58 | €140,614 | €150,137 | +€9,523 | +6.8% |
| Amounts receivable within one year | 40/41 | €27,414 | €42,681 | +€15,267 | +55.7% |
| Other amounts receivable | 41 | €27,414 | €42,681 | +€15,267 | +55.7% |
| Current investments | 50/53 | €99,869 | €102,155 | +€2,286 | +2.3% |
| Cash at bank and in hand | 54/58 | €13,027 | €4,485 | -€8,542 | -65.6% |
| Deferred charges and accrued income | 490/1 | €304 | €817 | +€513 | +169% |
| Total equity and liabilities | 10/49 | €673,340 | €659,343 | -€13,997 | -2.1% |
| Equity | 10/15 | €206,849 | €193,216 | -€13,633 | -6.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €81,153 | €77,545 | -€3,608 | -4.4% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,153 | €62,545 | -€3,608 | -5.5% |
| Profit (loss) carried forward | 14 | -€24,304 | -€34,329 | -€10,024 | -41.2% |
| Provisions and deferred taxes | 16 | €34,064 | €32,206 | -€1,858 | -5.5% |
| Deferred taxes | 168 | €34,064 | €32,206 | -€1,858 | -5.5% |
| Amounts payable | 17/49 | €432,428 | €433,922 | +€1,494 | +0.3% |
| Amounts payable after more than one year | 17 | €412,394 | €414,995 | +€2,601 | +0.6% |
| Other amounts payable | 178/9 | €412,394 | €414,995 | +€2,601 | +0.6% |
| Amounts payable within one year | 42/48 | €5,035 | €177 | -€4,858 | -96.5% |
| Trade debts | 44 | €5,035 | €177 | -€4,858 | -96.5% |
| Suppliers | 440/4 | €5,035 | €177 | -€4,858 | -96.5% |
| Accrued charges and deferred income | 492/3 | €15,000 | €18,750 | +€3,750 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,521 | €23,521 | = | 0.0% |
| Other operating charges | 640/8 | €5,168 | €5,132 | -€37 | -0.7% |
| Gross operating margin | 9900 | -€867 | €10,073 | +€10,940 | |
| Operating profit (loss) | 9901 | -€29,556 | -€18,579 | +€10,977 | +37.1% |
| Financial income | 75/76B | €1,292 | €7,723 | +€6,431 | +498% |
| Recurring financial income | 75 | €1,292 | €7,723 | +€6,431 | +498% |
| Financial charges | 65/66B | €36 | €74 | +€38 | +104% |
| Recurring financial charges | 65 | €36 | €74 | +€38 | +104% |
| Profit (loss) for the period before taxes | 9903 | -€28,300 | -€10,930 | +€17,370 | +61.4% |
| Transfer from deferred taxes | 780 | €1,858 | €1,858 | = | 0.0% |
| Income taxes | 67/77 | €2,943 | €4,561 | +€1,618 | +55.0% |
| Profit (loss) for the period | 9904 | -€29,385 | -€13,633 | +€15,752 | +53.6% |
| Transfer from tax-exempt reserves | 789 | €3,608 | €3,608 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,776 | -€10,024 | +€15,752 | +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.