SVUTION: 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.
SVUTION
Largest movements
- Current investments +€96,089
new in 2025: €96,089
- Cash -€92,130
down €92,130 (-56.2%), from €164,079 to €71,948
mainly Current investments (-€96,089) and Contributions, distributions and other (-€28,525)
- Receivables within one year -€7,416
down €7,416 (-32.5%), from €22,854 to €15,438
of which Other amounts receivable: -€7,416
- Tangible fixed assets -€7,412
down €7,412 (-42.7%), from €17,379 to €9,967
of which Furniture and vehicles: -€6,892
- Other debts -€12,587
down €12,587 (-100.0%), from €12,587 to €0
- Tax, wage and social debts +€2,323
up €2,323 (+14.5%), from €16,031 to €18,354
of which Taxes: +€2,323
- Gross operating margin +€7,509
up €7,509 (+16.3%), from €46,054 to €53,563
- Taxes +€3,060
up €3,060 (+32.7%), from €9,354 to €12,414
- Financial charges -€2,097
down €2,097 (-56.8%), from €3,694 to €1,598
- Other operating charges -€1,035
down €1,035 (-44.0%), from €2,351 to €1,316
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 | €205,468 | €194,598 | -€10,870 | -5.3% |
| Fixed assets | 21/28 | €17,379 | €9,967 | -€7,412 | -42.7% |
| Tangible fixed assets | 22/27 | €17,379 | €9,967 | -€7,412 | -42.7% |
| Land and buildings | 22 | €2,881 | €2,360 | -€520 | -18.1% |
| Furniture and vehicles | 24 | €14,498 | €7,606 | -€6,892 | -47.5% |
| Current assets | 29/58 | €188,089 | €184,631 | -€3,458 | -1.8% |
| Amounts receivable within one year | 40/41 | €22,854 | €15,438 | -€7,416 | -32.5% |
| Trade receivables | 40 | €15,125 | €15,125 | = | 0.0% |
| Other amounts receivable | 41 | €7,729 | €313 | -€7,416 | -96.0% |
| Current investments | 50/53 | - | €96,089 | +€96,089 | |
| Cash at bank and in hand | 54/58 | €164,079 | €71,948 | -€92,130 | -56.2% |
| Deferred charges and accrued income | 490/1 | €1,156 | €1,156 | = | 0.0% |
| Total equity and liabilities | 10/49 | €205,468 | €194,598 | -€10,870 | -5.3% |
| Equity | 10/15 | €175,526 | €176,121 | +€595 | +0.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €163,126 | €163,721 | +€595 | +0.4% |
| Distributable reserves | 133 | €163,126 | €163,721 | +€595 | +0.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €29,942 | €18,477 | -€11,465 | -38.3% |
| Amounts payable within one year | 42/48 | €29,085 | €18,477 | -€10,608 | -36.5% |
| Trade debts | 44 | €467 | €123 | -€344 | -73.7% |
| Suppliers | 440/4 | €467 | €123 | -€344 | -73.7% |
| Taxes, remuneration and social security | 45 | €16,031 | €18,354 | +€2,323 | +14.5% |
| Taxes | 450/3 | €13,231 | €15,554 | +€2,323 | +17.6% |
| Remuneration and social security | 454/9 | €2,800 | €2,800 | = | 0.0% |
| Other amounts payable | 47/48 | €12,587 | €0 | -€12,587 | -100.0% |
| Accrued charges and deferred income | 492/3 | €857 | €0 | -€857 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,895 | €9,445 | -€451 | -4.6% |
| Other operating charges | 640/8 | €2,351 | €1,316 | -€1,035 | -44.0% |
| Gross operating margin | 9900 | €46,054 | €53,563 | +€7,509 | +16.3% |
| Operating profit (loss) | 9901 | €33,808 | €42,803 | +€8,995 | +26.6% |
| Financial income | 75/76B | €75 | €330 | +€255 | +339.3% |
| Recurring financial income | 75 | €75 | €330 | +€255 | +339.3% |
| Financial charges | 65/66B | €3,694 | €1,598 | -€2,097 | -56.8% |
| Recurring financial charges | 65 | €3,694 | €1,598 | -€2,097 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €30,189 | €41,535 | +€11,346 | +37.6% |
| Income taxes | 67/77 | €9,354 | €12,414 | +€3,060 | +32.7% |
| Profit (loss) for the period | 9904 | €20,835 | €29,120 | +€8,286 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,835 | €29,120 | +€8,286 | +39.8% |
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 5 October 2026 via checked.be.