SEVACY: what changed
Two fiscal 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.
SEVACY
Largest movements
- Receivables within one year -€148,889
no longer reported in 2025 (was €148,889)
- Cash -€69,346
down €69,346 (-79.0%), from €87,788 to €18,442
mainly Other debts (-€187,140) and Net result for the year (-€31,339)
- Tangible fixed assets -€7,622
down €7,622 (-4.6%), from €164,419 to €156,797
of which Land and buildings: -€7,390
- Other debts -€187,140
down €187,140 (-54.3%), from €344,484 to €157,344
- Profit (loss) carried forward -€31,339
down €31,339 (-147.4%), from -€21,256 to -€52,595
- Tax, wage and social debts -€7,818
down €7,818 (-75.7%), from €10,323 to €2,505
- Gross operating margin -€7,405
down €7,405 (-121.5%), from -€6,096 to -€13,501
- Financial charges +€5,605
up €5,605 (+424.6%), from €1,320 to €6,925
- Other operating charges -€1,898
down €1,898 (-37.6%), from €5,054 to €3,156
- Depreciation -€577
down €577 (-7.0%), from €8,199 to €7,622
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 | €401,721 | €175,864 | -€225,857 | -56.2% |
| Fixed assets | 21/28 | €165,044 | €157,422 | -€7,622 | -4.6% |
| Tangible fixed assets | 22/27 | €164,419 | €156,797 | -€7,622 | -4.6% |
| Land and buildings | 22 | €163,955 | €156,565 | -€7,390 | -4.5% |
| Plant, machinery and equipment | 23 | €464 | €232 | -€232 | -50.0% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €236,677 | €18,442 | -€218,235 | -92.2% |
| Amounts receivable within one year | 40/41 | €148,889 | - | -€148,889 | |
| Other amounts receivable | 41 | €148,889 | - | -€148,889 | |
| Cash at bank and in hand | 54/58 | €87,788 | €18,442 | -€69,346 | -79.0% |
| Total equity and liabilities | 10/49 | €401,721 | €175,864 | -€225,857 | -56.2% |
| Equity | 10/15 | €46,914 | €15,575 | -€31,339 | -66.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,256 | -€52,595 | -€31,339 | -147.4% |
| Amounts payable | 17/49 | €354,807 | €160,289 | -€194,518 | -54.8% |
| Amounts payable within one year | 42/48 | €354,807 | €160,289 | -€194,518 | -54.8% |
| Trade debts | 44 | - | €440 | +€440 | |
| Suppliers | 440/4 | - | €440 | +€440 | |
| Taxes, remuneration and social security | 45 | €10,323 | €2,505 | -€7,818 | -75.7% |
| Taxes | 450/3 | €10,323 | €2,505 | -€7,818 | -75.7% |
| Other amounts payable | 47/48 | €344,484 | €157,344 | -€187,140 | -54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,199 | €7,622 | -€577 | -7.0% |
| Other operating charges | 640/8 | €5,054 | €3,156 | -€1,898 | -37.6% |
| Non-recurring operating charges | 66A | €520 | - | -€520 | |
| Gross operating margin | 9900 | -€6,096 | -€13,501 | -€7,405 | -121.5% |
| Operating profit (loss) | 9901 | -€19,869 | -€24,279 | -€4,410 | -22.2% |
| Financial income | 75/76B | €373 | €360 | -€13 | -3.5% |
| Recurring financial income | 75 | €373 | €360 | -€13 | -3.5% |
| Financial charges | 65/66B | €1,320 | €6,925 | +€5,605 | +424.6% |
| Recurring financial charges | 65 | €1,320 | €6,925 | +€5,605 | +424.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,816 | -€30,844 | -€10,028 | -48.2% |
| Income taxes | 67/77 | €440 | €495 | +€55 | +12.5% |
| Profit (loss) for the period | 9904 | -€21,256 | -€31,339 | -€10,083 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,256 | -€31,339 | -€10,083 | -47.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.