SEVAMO: 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.
SEVAMO
Largest movements
- Current investments -€370,000
down €370,000 (-19.5%), from €1.9m to €1.5m
- Stocks and contracts -€179,440
down €179,440 (-45.9%), from €391,350 to €211,910
- Cash +€99,226
up €99,226 (+289%), from €34,350 to €133,576
mainly Current investments (+€370,000) and Stocks and contracts (+€179,440)
- Other debts -€422,500
no longer reported in 2025 (was €422,500)
- Tax, wage and social debts -€207,802
down €207,802 (-93.4%), from €222,502 to €14,700
- Debts after one year +€149,854
up €149,854 (+53.8%), from €278,576 to €428,430
- Reserves +€23,596
up €23,596 (+1.8%), from €1.3m to €1.4m
of which Distributable reserves: +€23,596
- Gross operating margin +€43,384
up €43,384, from -€35,032 to €8,351
- Taxes +€11,166
up €11,166 (+1,392%), from €802 to €11,968
- Financial income -€7,539
down €7,539 (-20.1%), from €37,429 to €29,891
- Financial charges -€399
down €399 (-25.9%), from €1,544 to €1,144
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 | €2,336,789 | €1,875,638 | -€461,151 | -19.7% |
| Fixed assets | 21/28 | €542 | - | -€542 | |
| Tangible fixed assets | 22/27 | €542 | - | -€542 | |
| Furniture and vehicles | 24 | €542 | - | -€542 | |
| Current assets | 29/58 | €2,336,246 | €1,875,638 | -€460,608 | -19.7% |
| Stocks and contracts in progress | 3 | €391,350 | €211,910 | -€179,440 | -45.9% |
| Stocks | 30/36 | €391,350 | €211,910 | -€179,440 | -45.9% |
| Amounts receivable within one year | 40/41 | €10,401 | - | -€10,401 | |
| Other amounts receivable | 41 | €10,401 | - | -€10,401 | |
| Current investments | 50/53 | €1,900,000 | €1,530,000 | -€370,000 | -19.5% |
| Cash at bank and in hand | 54/58 | €34,350 | €133,576 | +€99,226 | +289% |
| Deferred charges and accrued income | 490/1 | €145 | €152 | +€6 | +4.4% |
| Total equity and liabilities | 10/49 | €2,336,789 | €1,875,638 | -€461,151 | -19.7% |
| Equity | 10/15 | €1,408,513 | €1,432,108 | +€23,596 | +1.7% |
| Contributions | 10/11 | €63,473 | €63,473 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €1,973 | €1,973 | = | 0.0% |
| Share premium | 1100/10 | €1,973 | €1,973 | = | 0.0% |
| Reserves | 13 | €1,345,039 | €1,368,635 | +€23,596 | +1.8% |
| Non-distributable reserves | 130/1 | €32,313 | €32,313 | = | 0.0% |
| Legal reserve | 130 | €32,313 | €32,313 | = | 0.0% |
| Tax-exempt reserves | 132 | €392 | €392 | = | 0.0% |
| Distributable reserves | 133 | €1,312,334 | €1,335,930 | +€23,596 | +1.8% |
| Amounts payable | 17/49 | €928,276 | €443,530 | -€484,746 | -52.2% |
| Amounts payable after more than one year | 17 | €278,576 | €428,430 | +€149,854 | +53.8% |
| Other amounts payable | 178/9 | €278,576 | €428,430 | +€149,854 | +53.8% |
| Amounts payable within one year | 42/48 | €649,700 | €15,100 | -€634,600 | -97.7% |
| Trade debts | 44 | €4,698 | €400 | -€4,298 | -91.5% |
| Suppliers | 440/4 | €4,698 | €400 | -€4,298 | -91.5% |
| Taxes, remuneration and social security | 45 | €222,502 | €14,700 | -€207,802 | -93.4% |
| Taxes | 450/3 | €222,502 | €14,700 | -€207,802 | -93.4% |
| Other amounts payable | 47/48 | €422,500 | - | -€422,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €647 | €542 | -€105 | -16.2% |
| Other operating charges | 640/8 | €1,091 | €992 | -€99 | -9.1% |
| Gross operating margin | 9900 | -€35,032 | €8,351 | +€43,384 | |
| Operating profit (loss) | 9901 | -€36,770 | €6,817 | +€43,588 | |
| Financial income | 75/76B | €37,429 | €29,891 | -€7,539 | -20.1% |
| Recurring financial income | 75 | €37,429 | €29,891 | -€7,539 | -20.1% |
| Financial charges | 65/66B | €1,544 | €1,144 | -€399 | -25.9% |
| Recurring financial charges | 65 | €1,544 | €1,144 | -€399 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | -€885 | €35,564 | +€36,448 | |
| Income taxes | 67/77 | €802 | €11,968 | +€11,166 | +1,392% |
| Profit (loss) for the period | 9904 | -€1,687 | €23,596 | +€25,282 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,687 | €23,596 | +€25,282 |
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 19 October 2026 via checked.be.