Sepivino: 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.
Sepivino
Largest movements
- Receivables within one year -€4,986
down €4,986 (-30.4%), from €16,374 to €11,388
of which Trade receivables: -€3,292
- Deferred charges and accrued income +€3,438
up €3,438 (+631%), from €545 to €3,983
- Tangible fixed assets -€2,000
down €2,000 (-6.1%), from €32,948 to €30,948
- Cash +€1,055
up €1,055 (+48.2%), from €2,189 to €3,244
mainly Trade debts (+€22,704) and Receivables within one year (+€4,986)
- Trade debts +€22,704
up €22,704 (+1,414%), from €1,606 to €24,309
- Advances received -€10,330
down €10,330 (-100%), from €10,330 to €0
- Other debts -€8,233
down €8,233 (-33.6%), from €24,506 to €16,272
- Debts after one year -€3,496
down €3,496 (-17.5%), from €19,937 to €16,441
- Profit (loss) carried forward -€3,384
down €3,384 (-8.2%), from -€41,173 to -€44,557
- Gross operating margin +€54,500
up €54,500, from -€50,304 to €4,196
- Other operating charges -€2,417
down €2,417 (-63.9%), from €3,780 to €1,363
- Financial charges +€1,062
up €1,062 (+36.9%), from €2,879 to €3,941
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 | €52,057 | €49,563 | -€2,493 | -4.8% |
| Fixed assets | 21/28 | €32,948 | €30,948 | -€2,000 | -6.1% |
| Tangible fixed assets | 22/27 | €32,948 | €30,948 | -€2,000 | -6.1% |
| Land and buildings | 22 | €32,948 | €30,948 | -€2,000 | -6.1% |
| Current assets | 29/58 | €19,109 | €18,615 | -€493 | -2.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €16,374 | €11,388 | -€4,986 | -30.4% |
| Trade receivables | 40 | €14,680 | €11,388 | -€3,292 | -22.4% |
| Other amounts receivable | 41 | €1,694 | €0 | -€1,694 | -100% |
| Cash at bank and in hand | 54/58 | €2,189 | €3,244 | +€1,055 | +48.2% |
| Deferred charges and accrued income | 490/1 | €545 | €3,983 | +€3,438 | +631% |
| Total equity and liabilities | 10/49 | €52,057 | €49,563 | -€2,493 | -4.8% |
| Equity | 10/15 | -€7,968 | -€11,352 | -€3,384 | -42.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €20,805 | €20,805 | = | 0.0% |
| Non-distributable reserves | 130/1 | €198 | €198 | = | 0.0% |
| Reserves not available under the articles | 1311 | €198 | €198 | = | 0.0% |
| Distributable reserves | 133 | €20,607 | €20,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,173 | -€44,557 | -€3,384 | -8.2% |
| Amounts payable | 17/49 | €60,025 | €60,915 | +€890 | +1.5% |
| Amounts payable after more than one year | 17 | €19,937 | €16,441 | -€3,496 | -17.5% |
| Financial debts | 170/4 | €19,937 | €16,441 | -€3,496 | -17.5% |
| Amounts payable within one year | 42/48 | €40,088 | €44,474 | +€4,387 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €3,441 | €3,496 | +€55 | +1.6% |
| Trade debts | 44 | €1,606 | €24,309 | +€22,704 | +1,414% |
| Suppliers | 440/4 | €1,606 | €24,309 | +€22,704 | +1,414% |
| Advances received on contracts in progress | 46 | €10,330 | €0 | -€10,330 | -100% |
| Taxes, remuneration and social security | 45 | €205 | €396 | +€191 | +93.4% |
| Taxes | 450/3 | €205 | €396 | +€191 | +93.4% |
| Other amounts payable | 47/48 | €24,506 | €16,272 | -€8,233 | -33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,000 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,780 | €1,363 | -€2,417 | -63.9% |
| Gross operating margin | 9900 | -€50,304 | €4,196 | +€54,500 | |
| Operating profit (loss) | 9901 | -€56,083 | €834 | +€56,917 | |
| Financial income | 75/76B | €0 | €16 | +€16 | |
| Recurring financial income | 75 | €0 | €16 | +€16 | |
| Financial charges | 65/66B | €2,879 | €3,941 | +€1,062 | +36.9% |
| Recurring financial charges | 65 | €2,879 | €3,941 | +€1,062 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | -€58,962 | -€3,092 | +€55,871 | +94.8% |
| Income taxes | 67/77 | €205 | €292 | +€87 | +42.5% |
| Profit (loss) for the period | 9904 | -€59,167 | -€3,384 | +€55,784 | +94.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,167 | -€3,384 | +€55,784 | +94.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.