SEVA: 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.
SEVA
Largest movements
- Tangible fixed assets -€21,141
no longer reported in 2025 (was €21,141)
- Receivables within one year +€6,938
up €6,938 (+420.3%), from €1,651 to €8,589
of which Trade receivables: +€7,884
- Cash +€3,270
up €3,270 (+36.1%), from €9,065 to €12,335
mainly Investment in fixed assets (net) (+€21,141) and Trade debts (+€629)
- Stocks and contracts -€589
down €589 (-92.4%), from €638 to €48
- Debts after one year -€7,105
no longer reported in 2025 (was €7,105)
- Reserves -€4,540
down €4,540 (-27.7%), from €16,382 to €11,842
of which Distributable reserves: -€4,540
- Trade debts +€629
up €629 (+61.4%), from €1,024 to €1,653
- Other debts -€501
down €501 (-29.6%), from €1,694 to €1,193
- Gross operating margin +€16,211
up €16,211, from -€5,305 to €10,905
- Depreciation -€3,448
no longer reported in 2025 (was €3,448)
- Other operating charges -€461
down €461 (-32.4%), from €1,426 to €964
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.
Cash bridge derived
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 | €32,494 | €20,972 | -€11,522 | -35.5% |
| Fixed assets | 21/28 | €21,141 | - | -€21,141 | |
| Tangible fixed assets | 22/27 | €21,141 | - | -€21,141 | |
| Furniture and vehicles | 24 | €21,141 | - | -€21,141 | |
| Current assets | 29/58 | €11,353 | €20,972 | +€9,619 | +84.7% |
| Stocks and contracts in progress | 3 | €638 | €48 | -€589 | -92.4% |
| Stocks | 30/36 | €638 | €48 | -€589 | -92.4% |
| Amounts receivable within one year | 40/41 | €1,651 | €8,589 | +€6,938 | +420.3% |
| Trade receivables | 40 | €630 | €8,514 | +€7,884 | +1251.4% |
| Other amounts receivable | 41 | €1,021 | €76 | -€945 | -92.6% |
| Cash at bank and in hand | 54/58 | €9,065 | €12,335 | +€3,270 | +36.1% |
| Total equity and liabilities | 10/49 | €32,494 | €20,972 | -€11,522 | -35.5% |
| Equity | 10/15 | €22,582 | €18,042 | -€4,540 | -20.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,382 | €11,842 | -€4,540 | -27.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €14,523 | €9,982 | -€4,540 | -31.3% |
| Amounts payable | 17/49 | €9,912 | €2,931 | -€6,981 | -70.4% |
| Amounts payable after more than one year | 17 | €7,105 | - | -€7,105 | |
| Other amounts payable | 178/9 | €7,105 | - | -€7,105 | |
| Amounts payable within one year | 42/48 | €2,807 | €2,931 | +€124 | +4.4% |
| Trade debts | 44 | €1,024 | €1,653 | +€629 | +61.4% |
| Suppliers | 440/4 | €1,024 | €1,653 | +€629 | +61.4% |
| Taxes, remuneration and social security | 45 | €89 | €85 | -€4 | -4.4% |
| Taxes | 450/3 | €89 | €85 | -€4 | -4.4% |
| Other amounts payable | 47/48 | €1,694 | €1,193 | -€501 | -29.6% |
| Non-recurring operating income | 76A | - | €390 | +€390 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,448 | - | -€3,448 | |
| Other operating charges | 640/8 | €1,426 | €964 | -€461 | -32.4% |
| Non-recurring operating charges | 66A | - | €14,354 | +€14,354 | |
| Gross operating margin | 9900 | -€5,305 | €10,905 | +€16,211 | |
| Operating profit (loss) | 9901 | -€10,179 | -€4,413 | +€5,766 | +56.6% |
| Financial income | 75/76B | €10 | €0 | -€9 | -96.8% |
| Recurring financial income | 75 | €10 | €0 | -€9 | -96.8% |
| Financial charges | 65/66B | €62 | €42 | -€20 | -32.0% |
| Recurring financial charges | 65 | €62 | €42 | -€20 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,231 | -€4,455 | +€5,777 | +56.5% |
| Income taxes | 67/77 | €89 | €85 | -€4 | -4.4% |
| Profit (loss) for the period | 9904 | -€10,321 | -€4,540 | +€5,781 | +56.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,321 | -€4,540 | +€5,781 | +56.0% |
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 9 October 2026 via checked.be.