SVW Consulting: 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.
SVW Consulting
Largest movements
- Financial fixed assets +€807,466
up €807,466 (+505%), from €160,034 to €967,500
- Cash -€25,833
down €25,833 (-51.3%), from €50,335 to €24,502
mainly Investment in fixed assets (net) (-€807,466) and Contributions, distributions and other (-€95,000)
- Receivables within one year +€20,479
up €20,479 (+50.9%), from €40,226 to €60,705
of which Trade receivables: +€20,479
- Tangible fixed assets -€15,393
down €15,393 (-24.0%), from €64,007 to €48,614
of which Furniture and vehicles: -€13,002
- Debts after one year +€567,248
up €567,248 (+417%), from €135,972 to €703,220
- Reserves +€172,348
up €172,348 (+194%), from €89,020 to €261,368
of which Distributable reserves: +€172,348
- Other debts +€24,025
up €24,025 (+91.2%), from €26,350 to €50,375
- Tax, wage and social debts +€15,678
up €15,678 (+30.0%), from €52,177 to €67,854
of which Taxes: +€20,440
- Financial income +€269,862
up €269,862 (+40,015%), from €674 to €270,536
- Taxes +€83,780
up €83,780 (+351%), from €23,883 to €107,663
- Gross operating margin +€8,821
up €8,821 (+7.1%), from €124,579 to €133,400
- Other operating charges -€6,093
down €6,093 (-58.8%), from €10,365 to €4,272
- Financial charges +€1,698
up €1,698 (+22.5%), from €7,562 to €9,260
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 | €353,949 | €1,131,407 | +€777,458 | +220% |
| Fixed assets | 21/28 | €224,041 | €1,016,114 | +€792,073 | +354% |
| Tangible fixed assets | 22/27 | €64,007 | €48,614 | -€15,393 | -24.0% |
| Land and buildings | 22 | €13,614 | €12,115 | -€1,499 | -11.0% |
| Plant, machinery and equipment | 23 | €1,314 | €422 | -€892 | -67.9% |
| Furniture and vehicles | 24 | €49,080 | €36,077 | -€13,002 | -26.5% |
| Financial fixed assets | 28 | €160,034 | €967,500 | +€807,466 | +505% |
| Current assets | 29/58 | €129,908 | €115,293 | -€14,615 | -11.3% |
| Amounts receivable after more than one year | 29 | €19,873 | €16,204 | -€3,669 | -18.5% |
| Other amounts receivable | 291 | €19,873 | €16,204 | -€3,669 | -18.5% |
| Amounts receivable within one year | 40/41 | €40,226 | €60,705 | +€20,479 | +50.9% |
| Trade receivables | 40 | €36,557 | €57,036 | +€20,479 | +56.0% |
| Other amounts receivable | 41 | €3,669 | €3,669 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €50,335 | €24,502 | -€25,833 | -51.3% |
| Deferred charges and accrued income | 490/1 | €19,474 | €13,882 | -€5,591 | -28.7% |
| Total equity and liabilities | 10/49 | €353,949 | €1,131,407 | +€777,458 | +220% |
| Equity | 10/15 | €108,120 | €280,468 | +€172,348 | +159% |
| Contributions | 10/11 | €19,100 | €19,100 | = | 0.0% |
| Reserves | 13 | €89,020 | €261,368 | +€172,348 | +194% |
| Non-distributable reserves | 130/1 | €1,910 | €1,910 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,910 | €1,910 | = | 0.0% |
| Distributable reserves | 133 | €87,110 | €259,458 | +€172,348 | +198% |
| Amounts payable | 17/49 | €245,828 | €850,938 | +€605,110 | +246% |
| Amounts payable after more than one year | 17 | €135,972 | €703,220 | +€567,248 | +417% |
| Financial debts | 170/4 | €135,972 | €703,220 | +€567,248 | +417% |
| Amounts payable within one year | 42/48 | €109,856 | €147,718 | +€37,862 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €31,242 | €28,737 | -€2,505 | -8.0% |
| Trade debts | 44 | €88 | €751 | +€664 | +756% |
| Suppliers | 440/4 | €88 | €751 | +€664 | +756% |
| Taxes, remuneration and social security | 45 | €52,177 | €67,854 | +€15,678 | +30.0% |
| Taxes | 450/3 | €29,441 | €49,880 | +€20,440 | +69.4% |
| Remuneration and social security | 454/9 | €22,736 | €17,974 | -€4,762 | -20.9% |
| Other amounts payable | 47/48 | €26,350 | €50,375 | +€24,025 | +91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,440 | €15,393 | -€47 | -0.3% |
| Other operating charges | 640/8 | €10,365 | €4,272 | -€6,093 | -58.8% |
| Gross operating margin | 9900 | €124,579 | €133,400 | +€8,821 | +7.1% |
| Operating profit (loss) | 9901 | €98,774 | €113,735 | +€14,961 | +15.1% |
| Financial income | 75/76B | €674 | €270,536 | +€269,862 | +40,015% |
| Recurring financial income | 75 | €674 | €270,536 | +€269,862 | +40,015% |
| Financial charges | 65/66B | €7,562 | €9,260 | +€1,698 | +22.5% |
| Recurring financial charges | 65 | €7,562 | €9,260 | +€1,698 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €91,886 | €375,011 | +€283,125 | +308% |
| Income taxes | 67/77 | €23,883 | €107,663 | +€83,780 | +351% |
| Profit (loss) for the period | 9904 | €68,003 | €267,348 | +€199,345 | +293% |
| Profit (loss) for the period to be appropriated | 9905 | €68,003 | €267,348 | +€199,345 | +293% |
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 25 October 2026 via checked.be.