SVVS Invest: 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.
SVVS Invest
Largest movements
- Financial fixed assets +€2.5m
new in 2025: €2.5m
- Tangible fixed assets +€485,657
up €485,657 (+109%), from €446,471 to €932,127
of which Land and buildings: +€492,574
- Cash +€91,764
up €91,764 (+235%), from €39,000 to €130,764
mainly Other debts (+€1.4m) and Debts after one year (+€1.3m)
- Other debts +€1.4m
new in 2025: €1.4m
- Debts after one year +€1.3m
up €1.3m (+404%), from €319,043 to €1.6m
- Reserves +€137,434
up €137,434 (+96.9%), from €141,816 to €279,250
- Tax, wage and social debts +€122,279
up €122,279 (+741%), from €16,500 to €138,779
of which Taxes: +€120,279
- Current portion of long-term debt +€105,425
up €105,425 (+386%), from €27,301 to €132,726
- Gross operating margin +€209,503
up €209,503 (+167%), from €125,437 to €334,940
- Depreciation +€69,721
up €69,721 (+214%), from €32,512 to €102,234
- Taxes +€44,383
up €44,383 (+160%), from €27,698 to €72,081
- Financial charges +€11,449
up €11,449 (+138%), from €8,278 to €19,728
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 | €562,717 | €3,630,986 | +€3.1m | +545% |
| Fixed assets | 21/28 | €446,471 | €3,432,127 | +€3.0m | +669% |
| Tangible fixed assets | 22/27 | €446,471 | €932,127 | +€485,657 | +109% |
| Land and buildings | 22 | €431,263 | €923,837 | +€492,574 | +114% |
| Furniture and vehicles | 24 | €15,208 | €8,291 | -€6,917 | -45.5% |
| Financial fixed assets | 28 | - | €2,500,000 | +€2.5m | |
| Current assets | 29/58 | €116,246 | €198,858 | +€82,612 | +71.1% |
| Amounts receivable within one year | 40/41 | €76,150 | €66,546 | -€9,604 | -12.6% |
| Trade receivables | 40 | €72,292 | €64,764 | -€7,528 | -10.4% |
| Other amounts receivable | 41 | €3,858 | €1,782 | -€2,076 | -53.8% |
| Cash at bank and in hand | 54/58 | €39,000 | €130,764 | +€91,764 | +235% |
| Deferred charges and accrued income | 490/1 | €1,096 | €1,548 | +€452 | +41.2% |
| Total equity and liabilities | 10/49 | €562,717 | €3,630,986 | +€3.1m | +545% |
| Equity | 10/15 | €187,282 | €324,716 | +€137,434 | +73.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €141,816 | €279,250 | +€137,434 | +96.9% |
| Distributable reserves | 133 | €141,816 | €279,250 | +€137,434 | +96.9% |
| Profit (loss) carried forward | 14 | €39,266 | €39,266 | = | 0.0% |
| Amounts payable | 17/49 | €375,435 | €3,306,270 | +€2.9m | +781% |
| Amounts payable after more than one year | 17 | €319,043 | €1,607,532 | +€1.3m | +404% |
| Financial debts | 170/4 | €319,043 | €1,607,532 | +€1.3m | +404% |
| Amounts payable within one year | 42/48 | €56,392 | €1,698,737 | +€1.6m | +2,912% |
| Current portion of amounts payable after more than one year | 42 | €27,301 | €132,726 | +€105,425 | +386% |
| Trade debts | 44 | €2,608 | €2,191 | -€417 | -16.0% |
| Suppliers | 440/4 | €2,608 | €2,191 | -€417 | -16.0% |
| Advances received on contracts in progress | 46 | €9,983 | €0 | -€9,983 | -100% |
| Taxes, remuneration and social security | 45 | €16,500 | €138,779 | +€122,279 | +741% |
| Taxes | 450/3 | €16,500 | €136,779 | +€120,279 | +729% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | - | €1,425,041 | +€1.4m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,512 | €102,234 | +€69,721 | +214% |
| Other operating charges | 640/8 | €2,021 | €3,813 | +€1,792 | +88.7% |
| Gross operating margin | 9900 | €125,437 | €334,940 | +€209,503 | +167% |
| Operating profit (loss) | 9901 | €90,904 | €228,893 | +€137,989 | +152% |
| Financial income | 75/76B | €126 | €350 | +€224 | +177% |
| Recurring financial income | 75 | €126 | €350 | +€224 | +177% |
| Financial charges | 65/66B | €8,278 | €19,728 | +€11,449 | +138% |
| Recurring financial charges | 65 | €8,278 | €19,728 | +€11,449 | +138% |
| Profit (loss) for the period before taxes | 9903 | €82,752 | €209,515 | +€126,763 | +153% |
| Income taxes | 67/77 | €27,698 | €72,081 | +€44,383 | +160% |
| Profit (loss) for the period | 9904 | €55,054 | €137,434 | +€82,380 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €55,054 | €137,434 | +€82,380 | +150% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.