SEVAM: 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.
SEVAM
Largest movements
- Receivables within one year +€34,898
up €34,898 (+66.2%), from €52,687 to €87,585
of which Other amounts receivable: +€87,435
- Cash -€13,581
down €13,581 (-72.8%), from €18,647 to €5,066
mainly Receivables within one year (-€34,898) and Trade debts (-€8,065)
- Deferred charges and accrued income +€2,213
up €2,213 (+4631.7%), from €48 to €2,261
- Profit (loss) carried forward +€30,538
up €30,538 (+67.7%), from €45,077 to €75,615
- Trade debts -€8,065
down €8,065 (-93.4%), from €8,636 to €571
- Tax, wage and social debts +€7,528
up €7,528 (+108.8%), from €6,917 to €14,445
- Other debts -€6,472
down €6,472 (-66.4%), from €9,752 to €3,280
- Gross operating margin +€22,932
up €22,932 (+88.7%), from €25,844 to €48,775
- Taxes +€4,683
up €4,683 (+92.4%), from €5,066 to €9,749
- Financial charges +€533
up €533 (+16.9%), from €3,159 to €3,692
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 | €71,382 | €94,911 | +€23,530 | +33.0% |
| Current assets | 29/58 | €71,382 | €94,911 | +€23,530 | +33.0% |
| Amounts receivable within one year | 40/41 | €52,687 | €87,585 | +€34,898 | +66.2% |
| Trade receivables | 40 | €52,635 | €98 | -€52,537 | -99.8% |
| Other amounts receivable | 41 | €52 | €87,487 | +€87,435 | +167724.2% |
| Cash at bank and in hand | 54/58 | €18,647 | €5,066 | -€13,581 | -72.8% |
| Deferred charges and accrued income | 490/1 | €48 | €2,261 | +€2,213 | +4631.7% |
| Total equity and liabilities | 10/49 | €71,382 | €94,911 | +€23,530 | +33.0% |
| Equity | 10/15 | €46,077 | €76,615 | +€30,538 | +66.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,077 | €75,615 | +€30,538 | +67.7% |
| Amounts payable | 17/49 | €25,305 | €18,296 | -€7,009 | -27.7% |
| Amounts payable within one year | 42/48 | €25,305 | €18,296 | -€7,009 | -27.7% |
| Trade debts | 44 | €8,636 | €571 | -€8,065 | -93.4% |
| Suppliers | 440/4 | €8,636 | €571 | -€8,065 | -93.4% |
| Taxes, remuneration and social security | 45 | €6,917 | €14,445 | +€7,528 | +108.8% |
| Taxes | 450/3 | €6,917 | €14,445 | +€7,528 | +108.8% |
| Other amounts payable | 47/48 | €9,752 | €3,280 | -€6,472 | -66.4% |
| Other operating charges | 640/8 | €569 | €796 | +€227 | +39.8% |
| Gross operating margin | 9900 | €25,844 | €48,775 | +€22,932 | +88.7% |
| Operating profit (loss) | 9901 | €25,274 | €47,980 | +€22,705 | +89.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,159 | €3,692 | +€533 | +16.9% |
| Recurring financial charges | 65 | €3,159 | €3,692 | +€533 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €22,116 | €44,287 | +€22,172 | +100.3% |
| Income taxes | 67/77 | €5,066 | €9,749 | +€4,683 | +92.4% |
| Profit (loss) for the period | 9904 | €17,050 | €34,538 | +€17,489 | +102.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,050 | €34,538 | +€17,489 | +102.6% |
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 10 October 2026 via checked.be.