SVTD: 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.
SVTD
Largest movements
- Cash +€78,383
up €78,383 (+221.7%), from €35,348 to €113,731
mainly Investment in fixed assets (net) (+€44,074) and Other debts (+€29,836)
- Tangible fixed assets -€65,385
down €65,385 (-52.0%), from €125,796 to €60,411
of which Other tangible fixed assets: -€44,755
- Receivables within one year +€7,726
up €7,726 (+365.9%), from €2,111 to €9,837
of which Trade receivables: +€6,723
- Other debts +€29,836
up €29,836 (+35.8%), from €83,408 to €113,244
- Debts after one year -€20,630
down €20,630 (-37.4%), from €55,154 to €34,523
- Tax, wage and social debts +€13,710
up €13,710 (+3379.4%), from €406 to €14,115
- Trade debts -€6,360
down €6,360 (-67.1%), from €9,472 to €3,113
- Current portion of long-term debt +€2,852
up €2,852 (+16.6%), from €17,214 to €20,066
- Depreciation -€6,468
down €6,468 (-23.3%), from €27,780 to €21,311
- Financial charges +€3,395
up €3,395 (+127.1%), from €2,671 to €6,067
- Gross operating margin -€2,397
down €2,397 (-7.0%), from €34,488 to €32,090
- Other operating charges +€1,833
up €1,833 (+148.8%), from €1,232 to €3,065
- Financial income -€1,655
down €1,655 (-100.0%), from €1,655 to €0
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 | €164,506 | €184,307 | +€19,800 | +12.0% |
| Fixed assets | 21/28 | €125,796 | €60,411 | -€65,385 | -52.0% |
| Tangible fixed assets | 22/27 | €125,796 | €60,411 | -€65,385 | -52.0% |
| Plant, machinery and equipment | 23 | €1,460 | €2,674 | +€1,215 | +83.2% |
| Furniture and vehicles | 24 | €44,193 | €22,348 | -€21,845 | -49.4% |
| Other tangible fixed assets | 26 | €80,143 | €35,388 | -€44,755 | -55.8% |
| Current assets | 29/58 | €38,711 | €123,896 | +€85,186 | +220.1% |
| Amounts receivable within one year | 40/41 | €2,111 | €9,837 | +€7,726 | +365.9% |
| Trade receivables | 40 | €2,094 | €8,817 | +€6,723 | +321.1% |
| Other amounts receivable | 41 | €17 | €1,020 | +€1,003 | +5791.6% |
| Cash at bank and in hand | 54/58 | €35,348 | €113,731 | +€78,383 | +221.7% |
| Deferred charges and accrued income | 490/1 | €1,251 | €329 | -€923 | -73.7% |
| Total equity and liabilities | 10/49 | €164,506 | €184,307 | +€19,800 | +12.0% |
| Equity | 10/15 | -€1,146 | -€754 | +€392 | +34.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,146 | -€3,754 | +€392 | +9.5% |
| Amounts payable | 17/49 | €165,653 | €185,061 | +€19,408 | +11.7% |
| Amounts payable after more than one year | 17 | €55,154 | €34,523 | -€20,630 | -37.4% |
| Financial debts | 170/4 | €55,154 | €34,523 | -€20,630 | -37.4% |
| Amounts payable within one year | 42/48 | €110,499 | €150,538 | +€40,038 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €17,214 | €20,066 | +€2,852 | +16.6% |
| Trade debts | 44 | €9,472 | €3,113 | -€6,360 | -67.1% |
| Suppliers | 440/4 | €9,472 | €3,113 | -€6,360 | -67.1% |
| Taxes, remuneration and social security | 45 | €406 | €14,115 | +€13,710 | +3379.4% |
| Taxes | 450/3 | €406 | €14,115 | +€13,710 | +3379.4% |
| Other amounts payable | 47/48 | €83,408 | €113,244 | +€29,836 | +35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,780 | €21,311 | -€6,468 | -23.3% |
| Other operating charges | 640/8 | €1,232 | €3,065 | +€1,833 | +148.8% |
| Non-recurring operating charges | 66A | €11,096 | - | -€11,096 | |
| Gross operating margin | 9900 | €34,488 | €32,090 | -€2,397 | -7.0% |
| Operating profit (loss) | 9901 | -€5,620 | €7,714 | +€13,334 | |
| Financial income | 75/76B | €1,655 | €0 | -€1,655 | -100.0% |
| Recurring financial income | 75 | €1,655 | €0 | -€1,655 | -100.0% |
| Financial charges | 65/66B | €2,671 | €6,067 | +€3,395 | +127.1% |
| Recurring financial charges | 65 | €2,671 | €6,067 | +€3,395 | +127.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,636 | €1,647 | +€8,283 | |
| Income taxes | 67/77 | €237 | €1,365 | +€1,129 | +477.2% |
| Profit (loss) for the period | 9904 | -€6,873 | €282 | +€7,155 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,873 | €282 | +€7,155 |
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 8 October 2026 via checked.be.