SEVALI: 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.
SEVALI
Largest movements
- Cash +€53,692
up €53,692 (+67.4%), from €79,630 to €133,322
mainly Net result for the year (+€41,558) and Tax, wage and social debts (+€17,224)
- Tangible fixed assets -€1,779
down €1,779 (-17.0%), from €10,470 to €8,690
- Profit (loss) carried forward +€41,558
up €41,558 (+60.5%), from €68,658 to €110,216
- Tax, wage and social debts +€17,224
up €17,224 (+115.6%), from €14,903 to €32,127
- Trade debts -€7,689
down €7,689 (-98.9%), from €7,778 to €89
- Gross operating margin -€11,436
down €11,436 (-16.4%), from €69,622 to €58,186
- Depreciation +€2,065
up €2,065 (+416.8%), from €496 to €2,561
- Taxes -€1,272
down €1,272 (-8.7%), from €14,595 to €13,323
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 | €91,440 | €142,532 | +€51,092 | +55.9% |
| Fixed assets | 21/28 | €10,470 | €8,690 | -€1,779 | -17.0% |
| Tangible fixed assets | 22/27 | €10,470 | €8,690 | -€1,779 | -17.0% |
| Furniture and vehicles | 24 | €10,470 | €8,690 | -€1,779 | -17.0% |
| Current assets | 29/58 | €80,971 | €133,842 | +€52,871 | +65.3% |
| Amounts receivable within one year | 40/41 | €1,341 | €520 | -€820 | -61.2% |
| Trade receivables | 40 | €847 | - | -€847 | |
| Other amounts receivable | 41 | €494 | €520 | +€27 | +5.4% |
| Cash at bank and in hand | 54/58 | €79,630 | €133,322 | +€53,692 | +67.4% |
| Total equity and liabilities | 10/49 | €91,440 | €142,532 | +€51,092 | +55.9% |
| Equity | 10/15 | €68,758 | €110,316 | +€41,558 | +60.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,658 | €110,216 | +€41,558 | +60.5% |
| Amounts payable | 17/49 | €22,682 | €32,216 | +€9,534 | +42.0% |
| Amounts payable within one year | 42/48 | €22,682 | €32,216 | +€9,534 | +42.0% |
| Trade debts | 44 | €7,778 | €89 | -€7,689 | -98.9% |
| Suppliers | 440/4 | €7,778 | €89 | -€7,689 | -98.9% |
| Taxes, remuneration and social security | 45 | €14,903 | €32,127 | +€17,224 | +115.6% |
| Taxes | 450/3 | €14,903 | €32,127 | +€17,224 | +115.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €2,561 | +€2,065 | +416.8% |
| Other operating charges | 640/8 | €924 | €691 | -€232 | -25.2% |
| Gross operating margin | 9900 | €69,622 | €58,186 | -€11,436 | -16.4% |
| Operating profit (loss) | 9901 | €68,203 | €54,934 | -€13,269 | -19.5% |
| Financial income | 75/76B | €0 | €17 | +€17 | +5606.7% |
| Recurring financial income | 75 | €0 | €17 | +€17 | +5606.7% |
| Financial charges | 65/66B | €53 | €70 | +€17 | +31.9% |
| Recurring financial charges | 65 | €53 | €70 | +€17 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €68,150 | €54,881 | -€13,269 | -19.5% |
| Income taxes | 67/77 | €14,595 | €13,323 | -€1,272 | -8.7% |
| Profit (loss) for the period | 9904 | €53,555 | €41,558 | -€11,997 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,555 | €41,558 | -€11,997 | -22.4% |
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.