SEVANCO
Annual accounts 2025
micro format, filed on 24-07-2026, 7 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €407,292 on 31-12-2025in euro
in euro
Position in the sector
50.7%
Higher than 65% of 4,032 companies in 2025.
4.78
Higher than 86% of 3,949 companies in 2025.
-6.3%
Higher than 17% of 3,983 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
407,292 | 450,776 | 430,471 | 426,472 | 436,039 | 392,497 | 387,501 | 407,564 | 419,852 | 403,904 | 281,764 | 291,893 | 272,476 | 346,964 | 570,628 | 476,784 | 459,113 | 444,864 | 382,089 | 407,516 | |
21/28 |
10,765 | 16,668 | 22,374 | 23,829 | 17,493 | 19,524 | 21,194 | 26,762 | 30,700 | 16,583 | 12,069 | 18,847 | 23,989 | 5,587 | 7,178 | 8,647 | 13,193 | 19,484 | 25,367 | 97,467 | |
22/27 |
10,750 | 16,653 | 22,359 | 23,814 | 17,478 | 19,509 | 21,194 | 26,762 | 30,700 | 16,583 | 12,069 | 18,847 | 23,989 | 5,587 | 7,178 | 8,647 | 13,193 | 19,484 | 25,367 | 26,267 | |
22 |
2,828 | 3,286 | 3,743 | 4,201 | 138 | 173 | 232 | 481 | 807 | 1,133 | 1,391 | 2,436 | 3,547 | 4,673 | 5,910 | 7,714 | 9,467 | 13,225 | 15,998 | 16,882 | |
23 |
1,860 | 3,686 | 5,180 | 7,042 | 4,596 | 4,094 | 5,747 | 8,672 | 11,126 | 4,270 | 2,539 | 4,274 | 5,026 | 914 | 1,268 | 868 | 1,587 | 2,046 | 2,901 | 533 | |
24 |
- | 685 | 1,506 | 2,326 | - | - | - | 127 | 398 | 4,142 | 8,139 | 12,137 | 15,416 | - | - | 65 | 2,139 | 4,213 | 6,468 | 8,852 | |
26 |
6,062 | 8,996 | 11,930 | 10,245 | 12,743 | 15,242 | 15,215 | 17,481 | 18,368 | 7,038 | - | - | - | - | - | - | - | - | - | - | |
28 |
15 | 15 | 15 | 15 | 15 | 15 | - | - | - | - | - | - | - | - | - | - | - | - | - | 71,200 | |
29/58 |
396,527 | 434,108 | 408,097 | 402,644 | 418,546 | 372,973 | 366,307 | 380,802 | 389,152 | 387,321 | 269,695 | 273,046 | 248,487 | 341,377 | 563,450 | 468,137 | 445,920 | 425,380 | 356,722 | 310,049 | |
29 |
- | 1,770 | 5,770 | 17,770 | 28,770 | 770 | 770 | 770 | 331 | 331 | - | - | - | 112,957 | 104,265 | 96,633 | 89,478 | 82,741 | 76,830 | - | |
291 |
- | 1,770 | 5,770 | 17,770 | 28,770 | 770 | 770 | 770 | 331 | 331 | - | - | - | 112,957 | 104,265 | 96,633 | 89,478 | 82,741 | 76,830 | - | |
3 |
- | - | - | - | - | - | - | 1,262 | 20,515 | 18,506 | 25,315 | 14,025 | 14,750 | - | 90,464 | 100,818 | 100,357 | 2,112 | 68,832 | 116,884 | |
30/36 |
- | - | - | - | - | - | - | 1,262 | 20,515 | 18,506 | 25,315 | 14,025 | 14,750 | - | 90,464 | 100,818 | 100,357 | 2,112 | 68,832 | 116,884 | |
40/41 |
7,404 | 13,329 | 22,193 | 24,695 | 36,530 | 25,314 | 27,979 | 26,400 | 19,406 | 27,921 | 182,725 | 187,803 | 194,520 | 197,539 | 335,071 | 210,579 | 202,418 | 221,199 | 164,071 | 160,486 | |
40 |
4,618 | 10,921 | 19,624 | 9,727 | 27,422 | 17,653 | 16,901 | 20,327 | 17,489 | 9,987 | - | 11,125 | 16,786 | 12,321 | 98,953 | - | - | 58,243 | - | - | |
41 |
2,786 | 2,408 | 2,569 | 14,968 | 9,109 | 7,661 | 11,078 | 6,073 | 1,917 | 17,933 | 182,725 | 176,678 | 177,734 | 185,218 | 236,118 | 210,579 | 202,418 | 162,956 | 164,071 | 160,486 | |
54/58 |
194,678 | 211,972 | 159,816 | 127,365 | 108,022 | 88,871 | 69,096 | 71,589 | 57,341 | 36,328 | 61,133 | 70,715 | 38,720 | 29,505 | 31,478 | 58,094 | 51,687 | 117,362 | 45,135 | 30,882 | |
490/1 |
194,444 | 207,037 | 220,317 | 232,813 | 245,224 | 258,018 | 268,462 | 280,780 | 291,560 | 304,236 | 522 | 503 | 497 | 1,376 | 2,172 | 2,013 | 1,980 | 1,966 | 1,854 | 1,797 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
407,292 | 450,776 | 430,471 | 426,472 | 436,039 | 392,497 | 387,501 | 407,564 | 419,852 | 403,904 | 281,764 | 291,893 | 272,476 | 346,964 | 570,628 | 476,784 | 459,113 | 444,864 | 382,089 | 407,516 | |
10/15 |
206,524 | 283,822 | 259,866 | 258,983 | 251,681 | 240,123 | 249,012 | 250,311 | 251,484 | 241,904 | 255,194 | 242,099 | 214,157 | 189,780 | 175,730 | 154,689 | 133,272 | 98,217 | 77,548 | 66,273 | |
10/11 |
8,057 | 8,057 | 8,057 | 8,057 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | |
10 |
- | - | - | - | 6,197 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
- | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | |
13 |
198,468 | 275,766 | 251,809 | 250,926 | 245,483 | 233,925 | 242,814 | 244,113 | 245,287 | 235,707 | 15,976 | 15,976 | 15,976 | 15,976 | 15,976 | 15,976 | 15,975 | 15,975 | 15,975 | 15,975 | |
130/1 |
- | - | - | - | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
132 |
- | - | - | - | - | - | - | - | - | - | 8,663 | 8,663 | 8,663 | 8,663 | 8,663 | 8,663 | 8,662 | 8,662 | 8,662 | 8,662 | |
133 |
198,468 | 275,766 | 251,809 | 250,926 | 243,624 | 232,066 | 240,955 | 242,254 | 243,428 | 233,847 | 5,454 | 5,454 | 5,454 | 5,454 | 5,454 | 5,454 | 5,454 | 5,454 | 5,454 | 5,454 | |
14 |
- | - | - | - | - | - | - | - | - | - | 233,021 | 219,926 | 191,984 | 167,607 | 153,557 | 132,516 | 111,100 | 76,045 | 55,376 | 44,101 | |
17/49 |
200,768 | 166,953 | 170,605 | 167,489 | 184,358 | 152,374 | 138,490 | 157,253 | 168,367 | 162,000 | 26,570 | 49,794 | 58,319 | 157,184 | 394,898 | 322,095 | 325,841 | 346,647 | 304,541 | 341,243 | |
17 |
113,123 | 74,227 | 73,122 | 66,682 | 68,578 | 32,720 | 17,249 | 24,958 | 33,623 | 15,400 | 6,317 | 10,945 | 14,728 | 136,341 | 197,898 | 197,898 | 197,898 | 197,898 | 197,898 | 197,898 | |
170/4 |
- | - | - | - | - | 583 | 7,583 | 14,583 | 21,583 | 1,890 | 6,317 | 10,945 | 14,728 | 136,341 | 197,898 | 197,898 | 197,898 | 197,898 | 197,898 | 197,898 | |
178/9 |
113,123 | 74,227 | 73,122 | 66,682 | 68,578 | 32,137 | 9,666 | 10,375 | 12,040 | 13,510 | - | - | - | - | - | - | - | - | - | - | |
42/48 |
83,003 | 88,590 | 94,694 | 98,881 | 114,345 | 119,060 | 121,241 | 128,949 | 131,779 | 146,601 | 19,647 | 33,579 | 42,991 | 20,843 | 197,000 | 124,197 | 127,943 | 148,704 | 106,643 | 143,345 | |
42 |
- | - | - | - | 583 | 7,000 | 7,000 | 7,000 | 8,890 | 4,427 | 4,278 | 3,784 | 3,994 | - | - | - | - | - | - | - | |
44 |
3,489 | 5,006 | 5,263 | 6,636 | 12,216 | 8,052 | 11,385 | 14,215 | 9,230 | 22,882 | 6,739 | 10,101 | 26,545 | 6,913 | 183,200 | 106,541 | 102,380 | 136,970 | 103,832 | 136,610 | |
440/4 |
3,489 | 5,006 | 5,263 | 6,636 | 12,216 | 8,052 | 11,385 | 14,215 | 9,230 | 22,882 | 6,739 | 10,101 | 26,545 | 6,913 | 183,200 | 106,541 | 102,380 | 136,970 | 103,832 | 136,610 | |
45 |
1,989 | 1,773 | 1,777 | 1,080 | 4,585 | 3,490 | - | 202 | 1,450 | 2,379 | 8,630 | 19,694 | 12,452 | 13,930 | 13,800 | 17,656 | 25,563 | 11,734 | 2,811 | 6,735 | |
450/3 |
1,989 | 1,773 | 1,777 | 1,080 | 4,585 | 3,490 | - | 202 | 1,450 | 2,379 | 8,630 | 19,694 | 12,452 | 13,930 | 13,800 | 17,656 | 25,563 | 11,734 | 2,811 | 6,735 | |
47/48 |
77,525 | 81,812 | 87,654 | 91,165 | 96,961 | 100,518 | 102,856 | 107,532 | 112,209 | 116,913 | - | - | - | - | - | - | - | - | - | - | |
492/3 |
4,642 | 4,136 | 2,789 | 1,927 | 1,435 | 594 | - | 3,346 | 2,965 | - | 606 | 5,270 | 600 | - | - | - | - | 45 | - | - | |
| Income statement | |||||||||||||||||||||
76A |
- | 2,391 | - | - | - | - | - | - | - | 150 | - | - | 100 | - | - | - | - | - | - | - | |
9900 |
-12,301 | 50,777 | 30,889 | 23,306 | 33,197 | 32,872 | 8,620 | 16,575 | 30,542 | -16,045 | 30,229 | 51,335 | 54,096 | 31,405 | 38,362 | 45,354 | 63,382 | 48,244 | 34,636 | 16,428 | |
630 |
5,903 | 6,072 | 5,810 | 4,154 | 5,808 | 5,461 | 5,854 | 6,347 | 10,302 | 6,991 | 7,604 | 7,505 | 7,122 | 1,591 | 3,487 | 6,235 | 6,662 | 6,867 | 6,898 | 5,976 | |
640/8 |
1,547 | 2,615 | 2,806 | 6,485 | 3,444 | 2,394 | 710 | 7,679 | 4,563 | 2,845 | 3,767 | 4,816 | 9,544 | 3,953 | 3,721 | 3,217 | 4,300 | 3,069 | 4,710 | 2,242 | |
9901 |
-19,750 | 42,090 | 22,273 | 12,667 | 23,946 | 25,016 | 2,056 | 2,550 | 15,677 | -25,882 | 18,858 | 39,014 | 37,430 | 25,861 | 31,154 | 35,902 | 52,420 | 38,308 | 23,028 | 8,210 | |
75/76B |
1,195 | 566 | 0 | - | - | 18 | 22 | 30 | 31 | 15,668 | 113 | 75 | 8,940 | 3,026 | 4,503 | 4,098 | 4,603 | 2,835 | 2,619 | 2,354 | |
75 |
1,195 | 566 | 0 | - | - | 18 | 22 | 30 | 31 | 15,668 | 113 | 75 | 8,940 | 3,026 | 4,503 | 4,098 | 4,603 | 2,835 | 2,619 | 2,354 | |
65/66B |
6,550 | 6,614 | 3,679 | 2,933 | 2,301 | 1,306 | 1,060 | 1,217 | 1,975 | 641 | 481 | 609 | 7,259 | 9,997 | 9,913 | 10,089 | 14,858 | 9,918 | 9,960 | 9,967 | |
65 |
6,550 | 6,614 | 3,679 | 2,933 | 2,301 | 1,306 | 1,060 | 1,217 | 1,975 | 641 | 481 | 609 | 7,259 | 9,997 | 9,913 | 10,089 | 14,858 | 9,918 | 9,960 | 9,967 | |
9903 |
-25,105 | 36,043 | 18,594 | 9,734 | 21,645 | 23,729 | 1,018 | 1,362 | 13,733 | -10,855 | 18,490 | 38,480 | 39,211 | 18,890 | 25,744 | 29,911 | 42,165 | 31,225 | 15,687 | 597 | |
67/77 |
470 | 12,086 | 6,464 | 2,431 | 8,487 | 8,241 | 717 | 1,256 | 4,153 | 2,438 | 5,395 | 10,538 | 14,834 | 4,840 | 4,703 | 8,495 | 7,110 | 10,556 | 4,412 | -131 | |
9904 |
-25,575 | 23,956 | 12,129 | 7,302 | 13,158 | 15,488 | 301 | 106 | 9,580 | -13,293 | 13,095 | 27,942 | 24,377 | 14,050 | 21,041 | 21,416 | 35,055 | 20,669 | 11,275 | 728 | |
9905 |
-25,575 | 23,956 | 12,129 | 7,302 | 13,158 | 15,488 | 301 | 106 | 9,580 | -13,293 | 13,095 | 27,942 | 24,377 | 14,050 | 21,041 | 21,416 | 35,055 | 20,669 | 11,275 | 728 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-25,575 | 23,956 | 12,129 | 7,302 | 13,158 | 15,488 | 301 | 106 | 9,580 | 219,732 | 233,021 | 219,926 | 191,984 | 167,607 | 153,557 | 132,516 | 111,100 | 76,045 | 55,376 | 44,101 | |
791/2 |
77,298 | - | 9,580 | - | - | 24,377 | 1,600 | 1,280 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | 23,956 | 10,463 | 7,302 | 11,558 | 15,488 | 301 | 106 | 9,580 | 219,732 | - | - | - | - | - | - | - | - | - | - | |
6921 |
- | 23,956 | 10,463 | 7,302 | 11,558 | 15,488 | 301 | 106 | 9,580 | 219,732 | - | - | - | - | - | - | - | - | - | - | |
694/7 |
51,723 | - | 11,246 | - | 1,600 | 24,377 | 1,600 | 1,280 | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
51,723 | - | 11,246 | - | 1,600 | 24,377 | 1,600 | 1,280 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 19 older financial years (1986-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-07-2026 | 2026-00327460 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00338000 | |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00301069 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00282080 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20236058 | |
| 31-12-2020 | micro format | 13-07-2021 | 2021-36000122 | |
| 31-12-2019 | micro format | 22-10-2020 | 2020-62300252 | |
| 31-12-2018 | micro format | 01-07-2019 | 2019-26100476 | |
| 31-12-2017 | micro format | 04-06-2018 | 2018-15500038 | |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-25400458 | |
| 31-12-2015 | abbreviated format | 29-08-2016 | 2016-52000533 | |
| 31-12-2014 | abbreviated format | 28-09-2015 | 2015-62000398 | |
| 31-12-2013 | abbreviated format | 28-09-2014 | 2014-63000361 | |
| 31-12-2012 | abbreviated format | 29-08-2013 | 2013-52900198 | |
| 31-12-2011 | abbreviated format | 03-10-2012 | 2012-60200290 | |
| 31-12-2010 | abbreviated format | 29-10-2011 | 2011-59700412 | |
| 31-12-2009 | abbreviated format | 30-09-2010 | 2010-56200318 | |
| 31-12-2008 | abbreviated format | 27-08-2009 | 2009-68400401 | |
| 31-12-2007 | abbreviated format | 28-08-2008 | 2008-68600013 | |
| 31-12-2006 | abbreviated format | 28-08-2007 | 2007-63400283 | |
| 31-12-2005 | abbreviated format | 29-08-2006 | 2006-71600343 | |
| 31-12-2004 | abbreviated format | 22-07-2005 | 2005-54104243 | |
| 31-12-2003 | abbreviated format | 04-10-2004 | 2004-70605352 | |
| 31-12-2002 | abbreviated format | 31-07-2003 | 2003-58201629 | |
| 31-12-2001 | abbreviated format | 12-07-2002 | 2002-37500988 | |
| 31-12-2000 | abbreviated format | 01-08-2001 | 2001-47603562 | |
| 31-12-1999 | abbreviated format | 19-07-2000 | 2000-44801465 | |
| 31-12-1998 | abbreviated format | 14-07-1999 | 1999-34203719 | |
| 31-12-1997 | abbreviated format | 24-08-1998 | 1998-42103889 | |
| 31-12-1996 | abbreviated format | 26-08-1997 | 1997-40001167 | |
| 31-12-1995 | abbreviated format | 21-08-1996 | 1996-41001261 | |
| 31-12-1994 | abbreviated format | 23-10-1995 | 1995-54604994 | |
| 31-12-1993 | abbreviated format | 05-10-1994 | 1994-42603326 | |
| 31-12-1992 | abbreviated format | 17-06-1994 | 1994-15905157 | |
| 31-12-1991 | abbreviated format | 17-06-1994 | 1994-15905144 | |
| 31-12-1990 | abbreviated format | 31-12-1991 | 1991-34504245 | |
| 31-12-1989 | abbreviated format | 01-08-1990 | 1990-20302447 | |
| 31-12-1988 | abbreviated format | 05-04-1990 | 1990-02704831 | |
| 31-12-1986 | abbreviated format | 09-07-1987 | 1987-16900903 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -13,848 | 48,162 | 28,083 | 16,821 | 29,754 | 30,478 | 7,910 | 8,896 | 25,979 | -18,891 | 26,462 | 46,519 | 44,552 | 27,452 | 34,641 | 42,137 | 59,082 | 45,175 | 29,926 | 14,186 | ||
| -19,673 | 30,028 | 17,940 | 11,456 | 18,966 | 20,949 | 6,155 | 6,453 | 19,883 | -6,302 | 20,699 | 35,447 | 31,499 | 15,641 | 24,528 | 27,651 | 41,717 | 27,536 | 18,173 | 6,704 | ||
| 0 | 365 | 4,356 | 10,490 | 3,776 | 3,776 | 287 | 2,408 | 24,419 | 11,505 | 826 | 2,363 | 25,524 | 0 | 2,018 | 1,689 | 371 | 984 | 5,998 | 19,717 | ||
| -17,293 | 52,156 | 32,451 | 19,343 | 19,151 | 19,774 | -2,493 | 14,248 | 21,013 | -24,805 | -9,582 | 31,995 | 9,215 | -1,973 | -26,616 | 6,407 | -65,675 | 72,227 | 14,253 | - | ||
| 313,524 | 345,518 | 313,403 | 303,762 | 304,201 | 253,913 | 245,066 | 251,853 | 257,373 | 240,721 | 250,048 | 239,467 | 205,496 | 320,534 | 366,450 | 343,940 | 317,977 | 276,676 | 250,079 | 166,704 | ||
| 50.7% | 63.0% | 60.4% | 60.7% | 57.7% | 61.2% | 64.3% | 61.4% | 59.9% | 59.9% | 90.6% | 82.9% | 78.6% | 54.7% | 30.8% | 32.4% | 29.0% | 22.1% | 20.3% | 16.3% | ||
| 4.78 | 4.90 | 4.31 | 4.07 | 3.66 | 3.13 | 3.02 | 2.95 | 2.95 | 2.64 | 13.73 | 8.13 | 5.78 | 16.38 | 2.86 | 3.77 | 3.49 | 2.86 | 3.35 | 2.16 | ||
| 4.78 | 4.90 | 4.31 | 4.07 | 3.66 | 3.13 | 3.02 | 2.94 | 2.80 | 2.52 | 12.44 | 7.71 | 5.44 | 16.38 | 2.40 | 2.96 | 2.70 | 2.85 | 2.70 | 1.35 | ||
| 0.97 | 0.59 | 0.66 | 0.65 | 0.73 | 0.63 | 0.56 | 0.63 | 0.67 | 0.67 | 0.10 | 0.21 | 0.27 | 0.83 | 2.25 | 2.08 | 2.44 | 3.53 | 3.93 | 5.15 | ||
| -12.4% | 8.4% | 4.7% | 2.8% | 5.2% | 6.5% | 0.1% | 0.0% | 3.8% | -5.5% | 5.1% | 11.5% | 11.4% | 7.4% | 12.0% | 13.8% | 26.3% | 21.0% | 14.5% | 1.1% | ||
| -6.3% | 5.3% | 2.8% | 1.7% | 3.0% | 3.9% | 0.1% | 0.0% | 2.3% | -3.3% | 4.6% | 9.6% | 8.9% | 4.0% | 3.7% | 4.5% | 7.6% | 4.6% | 3.0% | 0.2% | ||
| -2.11 | 7.28 | 7.63 | 5.73 | 12.93 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €365 | €4,356 | €10,490 | €3,776 |
| €5,903 | €6,072 | €5,810 | €4,154 | €5,808 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SEVANCO
The operating result for 2025 is a loss of €19,750, after a profit of €42,090 in 2024. It is the lowest result since 2016.
Debt's share of the balance-sheet total rises from 37.0% to 49.3%. Equity is lower and debt is higher.