SEEVENS: 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.
SEEVENS
Largest movements
- Tangible fixed assets +€25,494
up €25,494 (+5.7%), from €450,692 to €476,187
of which Furniture and vehicles: +€52,059
- Receivables within one year -€16,610
down €16,610 (-53.3%), from €31,140 to €14,530
- Trade debts -€19,402
down €19,402 (-100%), from €19,402 to €0
- Reserves +€17,400
up €17,400 (+136%), from €12,750 to €30,150
- Advances received +€12,875
new in 2025: €12,875
- Current portion of long-term debt +€11,005
up €11,005 (+35.3%), from €31,189 to €42,195
- Debts after one year -€9,581
down €9,581 (-2.5%), from €380,968 to €371,387
of which Financial debts: -€9,581
- Gross operating margin +€25,879
up €25,879 (+42.7%), from €60,645 to €86,524
- Depreciation +€8,575
up €8,575 (+26.0%), from €33,022 to €41,596
- Taxes +€3,708
up €3,708 (+198%), from €1,875 to €5,583
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 | €485,818 | €494,612 | +€8,795 | +1.8% |
| Fixed assets | 21/28 | €451,557 | €476,802 | +€25,244 | +5.6% |
| Intangible fixed assets | 21 | €865 | €615 | -€250 | -28.9% |
| Tangible fixed assets | 22/27 | €450,692 | €476,187 | +€25,494 | +5.7% |
| Land and buildings | 22 | €417,124 | €394,947 | -€22,177 | -5.3% |
| Plant, machinery and equipment | 23 | €23,380 | €18,992 | -€4,388 | -18.8% |
| Furniture and vehicles | 24 | €10,189 | €62,248 | +€52,059 | +511% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €34,260 | €17,811 | -€16,450 | -48.0% |
| Stocks and contracts in progress | 3 | €506 | €510 | +€4 | +0.7% |
| Stocks | 30/36 | €506 | €510 | +€4 | +0.7% |
| Amounts receivable within one year | 40/41 | €31,140 | €14,530 | -€16,610 | -53.3% |
| Trade receivables | 40 | €31,140 | €14,530 | -€16,610 | -53.3% |
| Cash at bank and in hand | 54/58 | - | €854 | +€854 | |
| Deferred charges and accrued income | 490/1 | €2,614 | €1,917 | -€697 | -26.7% |
| Total equity and liabilities | 10/49 | €485,818 | €494,612 | +€8,795 | +1.8% |
| Equity | 10/15 | €32,814 | €50,266 | +€17,452 | +53.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €12,750 | €30,150 | +€17,400 | +136% |
| Distributable reserves | 133 | €12,750 | €30,150 | +€17,400 | +136% |
| Profit (loss) carried forward | 14 | €64 | €116 | +€52 | +81.8% |
| Amounts payable | 17/49 | €453,004 | €444,346 | -€8,657 | -1.9% |
| Amounts payable after more than one year | 17 | €380,968 | €371,387 | -€9,581 | -2.5% |
| Financial debts | 170/4 | €380,018 | €370,437 | -€9,581 | -2.5% |
| Other amounts payable | 178/9 | €950 | €950 | = | 0.0% |
| Amounts payable within one year | 42/48 | €68,959 | €69,805 | +€846 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €31,189 | €42,195 | +€11,005 | +35.3% |
| Financial debts | 43 | €3,514 | - | -€3,514 | |
| Credit institutions | 430/8 | €3,514 | - | -€3,514 | |
| Trade debts | 44 | €19,402 | €0 | -€19,402 | -100% |
| Suppliers | 440/4 | €19,402 | €0 | -€19,402 | -100% |
| Advances received on contracts in progress | 46 | - | €12,875 | +€12,875 | |
| Taxes, remuneration and social security | 45 | €9,439 | €8,738 | -€701 | -7.4% |
| Taxes | 450/3 | €9,439 | €8,738 | -€701 | -7.4% |
| Other amounts payable | 47/48 | €5,415 | €5,998 | +€583 | +10.8% |
| Accrued charges and deferred income | 492/3 | €3,077 | €3,154 | +€77 | +2.5% |
| Non-recurring operating income | 76A | €11,050 | €24,366 | +€13,316 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,022 | €41,596 | +€8,575 | +26.0% |
| Other operating charges | 640/8 | €9,165 | €8,315 | -€851 | -9.3% |
| Non-recurring operating charges | 66A | - | €5,707 | +€5,707 | |
| Gross operating margin | 9900 | €60,645 | €86,524 | +€25,879 | +42.7% |
| Operating profit (loss) | 9901 | €18,458 | €30,906 | +€12,448 | +67.4% |
| Financial income | 75/76B | €34 | €5 | -€29 | -86.6% |
| Recurring financial income | 75 | €34 | €5 | -€29 | -86.6% |
| Financial charges | 65/66B | €7,851 | €7,876 | +€25 | +0.3% |
| Recurring financial charges | 65 | €7,851 | €7,876 | +€25 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €10,641 | €23,035 | +€12,394 | +116% |
| Income taxes | 67/77 | €1,875 | €5,583 | +€3,708 | +198% |
| Profit (loss) for the period | 9904 | €8,766 | €17,452 | +€8,686 | +99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,766 | €17,452 | +€8,686 | +99.1% |
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 18 October 2026 via checked.be.