SEVANCO: 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.
SEVANCO
Largest movements
- Cash -€17,293
down €17,293 (-8.2%), from €211,972 to €194,678
mainly Contributions, distributions and other (-€51,723) and Net result for the year (-€25,575)
- Deferred charges and accrued income -€12,593
down €12,593 (-6.1%), from €207,037 to €194,444
- Receivables within one year -€5,924
down €5,924 (-44.4%), from €13,329 to €7,404
of which Trade receivables: -€6,303
- Tangible fixed assets -€5,903
down €5,903 (-35.4%), from €16,653 to €10,750
- Reserves -€77,298
down €77,298 (-28.0%), from €275,766 to €198,468
- Debts after one year +€38,896
up €38,896 (+52.4%), from €74,227 to €113,123
- Gross operating margin -€63,078
down €63,078, from €50,777 to -€12,301
- Taxes -€11,616
down €11,616 (-96.1%), from €12,086 to €470
- Other operating charges -€1,068
down €1,068 (-40.8%), from €2,615 to €1,547
- Financial income +€629
up €629 (+111%), from €566 to €1,195
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 | €450,776 | €407,292 | -€43,483 | -9.6% |
| Fixed assets | 21/28 | €16,668 | €10,765 | -€5,903 | -35.4% |
| Tangible fixed assets | 22/27 | €16,653 | €10,750 | -€5,903 | -35.4% |
| Land and buildings | 22 | €3,286 | €2,828 | -€457 | -13.9% |
| Plant, machinery and equipment | 23 | €3,686 | €1,860 | -€1,826 | -49.5% |
| Furniture and vehicles | 24 | €685 | - | -€685 | |
| Other tangible fixed assets | 26 | €8,996 | €6,062 | -€2,934 | -32.6% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €434,108 | €396,527 | -€37,581 | -8.7% |
| Amounts receivable after more than one year | 29 | €1,770 | - | -€1,770 | |
| Other amounts receivable | 291 | €1,770 | - | -€1,770 | |
| Amounts receivable within one year | 40/41 | €13,329 | €7,404 | -€5,924 | -44.4% |
| Trade receivables | 40 | €10,921 | €4,618 | -€6,303 | -57.7% |
| Other amounts receivable | 41 | €2,408 | €2,786 | +€378 | +15.7% |
| Cash at bank and in hand | 54/58 | €211,972 | €194,678 | -€17,293 | -8.2% |
| Deferred charges and accrued income | 490/1 | €207,037 | €194,444 | -€12,593 | -6.1% |
| Total equity and liabilities | 10/49 | €450,776 | €407,292 | -€43,483 | -9.6% |
| Equity | 10/15 | €283,822 | €206,524 | -€77,298 | -27.2% |
| Contributions | 10/11 | €8,057 | €8,057 | = | 0.0% |
| Reserves | 13 | €275,766 | €198,468 | -€77,298 | -28.0% |
| Distributable reserves | 133 | €275,766 | €198,468 | -€77,298 | -28.0% |
| Amounts payable | 17/49 | €166,953 | €200,768 | +€33,815 | +20.3% |
| Amounts payable after more than one year | 17 | €74,227 | €113,123 | +€38,896 | +52.4% |
| Other amounts payable | 178/9 | €74,227 | €113,123 | +€38,896 | +52.4% |
| Amounts payable within one year | 42/48 | €88,590 | €83,003 | -€5,587 | -6.3% |
| Trade debts | 44 | €5,006 | €3,489 | -€1,517 | -30.3% |
| Suppliers | 440/4 | €5,006 | €3,489 | -€1,517 | -30.3% |
| Taxes, remuneration and social security | 45 | €1,773 | €1,989 | +€217 | +12.2% |
| Taxes | 450/3 | €1,773 | €1,989 | +€217 | +12.2% |
| Other amounts payable | 47/48 | €81,812 | €77,525 | -€4,287 | -5.2% |
| Accrued charges and deferred income | 492/3 | €4,136 | €4,642 | +€506 | +12.2% |
| Non-recurring operating income | 76A | €2,391 | - | -€2,391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,072 | €5,903 | -€169 | -2.8% |
| Other operating charges | 640/8 | €2,615 | €1,547 | -€1,068 | -40.8% |
| Gross operating margin | 9900 | €50,777 | -€12,301 | -€63,078 | |
| Operating profit (loss) | 9901 | €42,090 | -€19,750 | -€61,841 | |
| Financial income | 75/76B | €566 | €1,195 | +€629 | +111% |
| Recurring financial income | 75 | €566 | €1,195 | +€629 | +111% |
| Financial charges | 65/66B | €6,614 | €6,550 | -€64 | -1.0% |
| Recurring financial charges | 65 | €6,614 | €6,550 | -€64 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €36,043 | -€25,105 | -€61,148 | |
| Income taxes | 67/77 | €12,086 | €470 | -€11,616 | -96.1% |
| Profit (loss) for the period | 9904 | €23,956 | -€25,575 | -€49,532 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,956 | -€25,575 | -€49,532 |
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 13 October 2026 via checked.be.