SVW Service: what changed
SVW Service
Largest movements
- Receivables within one year +€38,393
up €38,393 (+118%), from €32,428 to €70,821
of which Other amounts receivable: +€27,572
- Cash +€29,899
up €29,899 (+1,934%), from €1,546 to €31,444
mainly Net result for the year (+€41,907) and Trade debts (+€14,394)
- Stocks and contracts -€10,000
no longer reported in 2025 (was €10,000)
- Tangible fixed assets +€1,374
up €1,374 (+30.1%), from €4,567 to €5,941
of which Plant, machinery and equipment: +€1,023
- Reserves +€41,907
up €41,907 (+132%), from €31,655 to €73,561
- Trade debts +€14,394
up €14,394 (+140%), from €10,261 to €24,655
- Tax, wage and social debts +€5,458
up €5,458 (+239%), from €2,282 to €7,740
of which Taxes: +€7,697
- Other debts -€2,142
no longer reported in 2025 (was €2,142)
- Gross operating margin +€43,929
up €43,929 (+231%), from €18,998 to €62,927
- Taxes +€12,152
up €12,152 (+478%), from €2,544 to €14,697
- Financial charges -€698
down €698 (-18.3%), from €3,819 to €3,120
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,839 | €108,456 | +€59,617 | +122% |
| Fixed assets | 21/28 | €4,567 | €5,941 | +€1,374 | +30.1% |
| Tangible fixed assets | 22/27 | €4,567 | €5,941 | +€1,374 | +30.1% |
| Plant, machinery and equipment | 23 | €1,680 | €2,702 | +€1,023 | +60.9% |
| Furniture and vehicles | 24 | €2,887 | €3,239 | +€351 | +12.2% |
| Current assets | 29/58 | €44,272 | €102,515 | +€58,243 | +132% |
| Stocks and contracts in progress | 3 | €10,000 | - | -€10,000 | |
| Contracts in progress | 37 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €32,428 | €70,821 | +€38,393 | +118% |
| Trade receivables | 40 | €29,920 | €40,741 | +€10,821 | +36.2% |
| Other amounts receivable | 41 | €2,508 | €30,079 | +€27,572 | +1,100% |
| Cash at bank and in hand | 54/58 | €1,546 | €31,444 | +€29,899 | +1,934% |
| Deferred charges and accrued income | 490/1 | €299 | €250 | -€49 | -16.3% |
| Total equity and liabilities | 10/49 | €48,839 | €108,456 | +€59,617 | +122% |
| Equity | 10/15 | €34,155 | €76,061 | +€41,907 | +123% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €31,655 | €73,561 | +€41,907 | +132% |
| Distributable reserves | 133 | €31,655 | €73,561 | +€41,907 | +132% |
| Amounts payable | 17/49 | €14,685 | €32,395 | +€17,710 | +121% |
| Amounts payable within one year | 42/48 | €14,685 | €32,395 | +€17,710 | +121% |
| Trade debts | 44 | €10,261 | €24,655 | +€14,394 | +140% |
| Suppliers | 440/4 | €10,261 | €24,655 | +€14,394 | +140% |
| Taxes, remuneration and social security | 45 | €2,282 | €7,740 | +€5,458 | +239% |
| Taxes | 450/3 | €44 | €7,740 | +€7,697 | +17,653% |
| Remuneration and social security | 454/9 | €2,239 | - | -€2,239 | |
| Other amounts payable | 47/48 | €2,142 | - | -€2,142 | |
| Non-recurring operating income | 76A | - | €3,640 | +€3,640 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,590 | €2,515 | -€75 | -2.9% |
| Other operating charges | 640/8 | €734 | €698 | -€36 | -4.8% |
| Non-recurring operating charges | 66A | €1,503 | - | -€1,503 | |
| Gross operating margin | 9900 | €18,998 | €62,927 | +€43,929 | +231% |
| Operating profit (loss) | 9901 | €14,171 | €59,714 | +€45,543 | +321% |
| Financial income | 75/76B | €12 | €10 | -€3 | -20.2% |
| Recurring financial income | 75 | €12 | €10 | -€3 | -20.2% |
| Financial charges | 65/66B | €3,819 | €3,120 | -€698 | -18.3% |
| Recurring financial charges | 65 | €3,819 | €3,120 | -€698 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €10,365 | €56,603 | +€46,239 | +446% |
| Income taxes | 67/77 | €2,544 | €14,697 | +€12,152 | +478% |
| Profit (loss) for the period | 9904 | €7,820 | €41,907 | +€34,086 | +436% |
| Profit (loss) for the period to be appropriated | 9905 | €7,820 | €41,907 | +€34,086 | +436% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.