SEVAN: what changed
What changed
SEVAN
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€450,154
2024 · -€1.6m+€2.1m
Equity
€24.2m
2024 · €23.9m+€278,091
Cash
€139,325
2024 · €3,130+€136,195
Balance sheet total
€28.9m
2024 · €28.2m+€665,804
Largest movements
Assets
- Receivables within one year +€643,583
up €643,583 (+76.1%), from €845,622 to €1.5m
of which Other amounts receivable: +€644,552
Equity and liabilities
- Other debts +€424,279
up €424,279 (+10.6%), from €4.0m to €4.4m
Income statement
- Financial charges -€2.3m
down €2.3m (-83.0%), from €2.7m to €463,678
of which Non-recurring financial charges: -€2.3m
- Turnover +€1.2m
new in 2025: €1.2m
- Gross operating margin -€411,600
down €411,600 (-30.6%), from €1.3m to €935,251
- Purchases and services +€259,402
new in 2025: €259,402
- Taxes +€91,619
up €91,619 (+1,230%), from €7,446 to €99,065
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1.6m
Gross operating margin
-€411,600
Staff costs
+€18,241
Depreciation
+€49,723
Other operating charges
+€74,899
Financial income
-€17,246
Financial charges
+€2.3m
Taxes
-€91,619
Deferred taxes and other
+€191,906
Result 2025
€450,154
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€202,305
Investment
+€105,952
Financing
-€172,063
Cash 2024
€3,130
From operations (derived)
+€202,305
Net result for the year
+€450,154
Depreciation
+€27,181
Receivables within one year
-€643,583
Deferred charges and accrued income
-€19,159
Provisions
-€127,938
Trade debts
-€4,537
Tax, wage and social debts
+€63,125
Other debts
+€424,279
Accrued charges and deferred income
+€32,783
Investment (derived)
+€105,952
Investment in fixed assets (net)
+€105,952
Financing
-€172,063
Contributions, distributions and other
-€172,063
Cash 2025
€139,325
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,237,247 | €28,903,051 | +€665,804 | +2.4% |
| Fixed assets | 21/28 | €27,371,779 | €27,238,645 | -€133,133 | -0.5% |
| Tangible fixed assets | 22/27 | €17,785,083 | €17,757,902 | -€27,181 | -0.2% |
| Land and buildings | 22 | €17,630,000 | €17,630,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €92,333 | €74,288 | -€18,045 | -19.5% |
| Furniture and vehicles | 24 | €62,750 | €53,613 | -€9,136 | -14.6% |
| Financial fixed assets | 28 | €9,586,696 | €9,480,744 | -€105,952 | -1.1% |
| Current assets | 29/58 | €865,468 | €1,664,405 | +€798,937 | +92.3% |
| Amounts receivable within one year | 40/41 | €845,622 | €1,489,205 | +€643,583 | +76.1% |
| Trade receivables | 40 | €969 | €0 | -€969 | -100% |
| Other amounts receivable | 41 | €844,653 | €1,489,205 | +€644,552 | +76.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,130 | €139,325 | +€136,195 | +4,352% |
| Deferred charges and accrued income | 490/1 | €16,716 | €35,876 | +€19,159 | +115% |
| Total equity and liabilities | 10/49 | €28,237,247 | €28,903,051 | +€665,804 | +2.4% |
| Equity | 10/15 | €23,922,189 | €24,200,280 | +€278,091 | +1.2% |
| Contributions | 10/11 | €1,739,368 | €1,739,368 | = | 0.0% |
| Capital | 10 | €1,739,368 | €1,739,368 | = | 0.0% |
| Issued capital | 100 | €1,739,368 | €1,739,368 | = | 0.0% |
| Revaluation surpluses | 12 | €19,699,395 | €19,699,395 | = | 0.0% |
| Reserves | 13 | €2,483,426 | €2,761,517 | +€278,091 | +11.2% |
| Non-distributable reserves | 130/1 | €173,937 | €173,937 | = | 0.0% |
| Legal reserve | 130 | €173,937 | €173,937 | = | 0.0% |
| Tax-exempt reserves | 132 | €324,619 | €191,906 | -€132,713 | -40.9% |
| Distributable reserves | 133 | €1,984,870 | €2,395,674 | +€410,804 | +20.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €191,906 | €63,969 | -€127,938 | -66.7% |
| Deferred taxes | 168 | €191,906 | €63,969 | -€127,938 | -66.7% |
| Amounts payable | 17/49 | €4,123,152 | €4,638,802 | +€515,650 | +12.5% |
| Amounts payable within one year | 42/48 | €4,052,380 | €4,535,247 | +€482,867 | +11.9% |
| Trade debts | 44 | €9,163 | €4,626 | -€4,537 | -49.5% |
| Suppliers | 440/4 | €9,163 | €4,626 | -€4,537 | -49.5% |
| Taxes, remuneration and social security | 45 | €35,934 | €99,059 | +€63,125 | +176% |
| Taxes | 450/3 | €35,934 | €99,059 | +€63,125 | +176% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,007,283 | €4,431,562 | +€424,279 | +10.6% |
| Accrued charges and deferred income | 492/3 | €70,772 | €103,555 | +€32,783 | +46.3% |
| Turnover | 70 | - | €1,158,719 | +€1.2m | |
| Non-recurring operating income | 76A | €255,875 | €0 | -€255,875 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €259,402 | +€259,402 | |
| Remuneration, social security and pensions | 62 | €18,241 | €0 | -€18,241 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,904 | €27,181 | -€49,723 | -64.7% |
| Other operating charges | 640/8 | €75,911 | €1,012 | -€74,899 | -98.7% |
| Gross operating margin | 9900 | €1,346,851 | €935,251 | -€411,600 | -30.6% |
| Operating profit (loss) | 9901 | €1,175,794 | €907,057 | -€268,737 | -22.9% |
| Financial income | 75/76B | €123,085 | €105,839 | -€17,246 | -14.0% |
| Recurring financial income | 75 | €123,085 | €97,490 | -€25,594 | -20.8% |
| Non-recurring financial income | 76B | - | €8,349 | +€8,349 | |
| Financial charges | 65/66B | €2,721,707 | €463,678 | -€2.3m | -83.0% |
| Recurring financial charges | 65 | €308,550 | €349,377 | +€40,828 | +13.2% |
| Non-recurring financial charges | 66B | €2,413,157 | €114,301 | -€2.3m | -95.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,422,828 | €549,218 | +€2.0m | |
| Transfer to deferred taxes | 680 | €191,906 | €0 | -€191,906 | -100% |
| Income taxes | 67/77 | €7,446 | €99,065 | +€91,619 | +1,230% |
| Profit (loss) for the period | 9904 | -€1,622,181 | €450,154 | +€2.1m | |
| Transfer from tax-exempt reserves | 789 | €0 | €260,650 | +€260,650 | |
| Transfer to tax-exempt reserves | 689 | €63,969 | €0 | -€63,969 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,686,149 | €710,804 | +€2.4m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.