SEVANO: 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.
SEVANO
Largest movements
- Receivables within one year +€125,380
up €125,380 (+45.5%), from €275,537 to €400,917
of which Trade receivables: +€90,022
- Tangible fixed assets -€23,934
down €23,934 (-5.6%), from €429,541 to €405,607
of which Land and buildings: -€18,245
- Trade debts +€71,031
up €71,031 (+60.9%), from €116,717 to €187,748
- Other debts +€54,560
up €54,560 (+123.4%), from €44,208 to €98,768
- Tax, wage and social debts +€29,303
up €29,303 (+76.7%), from €38,187 to €67,490
- Debts after one year -€27,366
down €27,366 (-13.5%), from €203,351 to €175,985
- Reserves -€19,522
down €19,522 (-5.4%), from €364,876 to €345,354
of which Distributable reserves: -€19,522
- Gross operating margin +€8,773
up €8,773 (+8.0%), from €110,337 to €119,110
- Taxes +€4,118
up €4,118 (+13.8%), from €29,776 to €33,895
- Other operating charges -€1,868
down €1,868 (-38.3%), from €4,882 to €3,014
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 | €829,050 | €925,853 | +€96,803 | +11.7% |
| Fixed assets | 21/28 | €429,541 | €405,607 | -€23,934 | -5.6% |
| Tangible fixed assets | 22/27 | €429,541 | €405,607 | -€23,934 | -5.6% |
| Land and buildings | 22 | €54,389 | €36,143 | -€18,245 | -33.5% |
| Furniture and vehicles | 24 | €12,902 | €7,213 | -€5,689 | -44.1% |
| Other tangible fixed assets | 26 | €362,250 | €362,250 | = | 0.0% |
| Current assets | 29/58 | €399,509 | €520,246 | +€120,737 | +30.2% |
| Amounts receivable after more than one year | 29 | €119,310 | €113,297 | -€6,014 | -5.0% |
| Other amounts receivable | 291 | €119,310 | €113,297 | -€6,014 | -5.0% |
| Amounts receivable within one year | 40/41 | €275,537 | €400,917 | +€125,380 | +45.5% |
| Trade receivables | 40 | €108,112 | €198,134 | +€90,022 | +83.3% |
| Other amounts receivable | 41 | €167,425 | €202,783 | +€35,357 | +21.1% |
| Cash at bank and in hand | 54/58 | €4,662 | €3,366 | -€1,296 | -27.8% |
| Deferred charges and accrued income | 490/1 | - | €2,667 | +€2,667 | |
| Total equity and liabilities | 10/49 | €829,050 | €925,853 | +€96,803 | +11.7% |
| Equity | 10/15 | €371,076 | €351,554 | -€19,522 | -5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €364,876 | €345,354 | -€19,522 | -5.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €363,016 | €343,494 | -€19,522 | -5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €457,974 | €574,298 | +€116,324 | +25.4% |
| Amounts payable after more than one year | 17 | €203,351 | €175,985 | -€27,366 | -13.5% |
| Financial debts | 170/4 | €203,351 | €175,985 | -€27,366 | -13.5% |
| Amounts payable within one year | 42/48 | €254,623 | €398,090 | +€143,467 | +56.3% |
| Current portion of amounts payable after more than one year | 42 | €39,491 | €27,366 | -€12,125 | -30.7% |
| Financial debts | 43 | €16,021 | €16,719 | +€698 | +4.4% |
| Credit institutions | 430/8 | €16,021 | €16,719 | +€698 | +4.4% |
| Trade debts | 44 | €116,717 | €187,748 | +€71,031 | +60.9% |
| Suppliers | 440/4 | €116,717 | €187,748 | +€71,031 | +60.9% |
| Taxes, remuneration and social security | 45 | €38,187 | €67,490 | +€29,303 | +76.7% |
| Taxes | 450/3 | €38,187 | €67,490 | +€29,303 | +76.7% |
| Other amounts payable | 47/48 | €44,208 | €98,768 | +€54,560 | +123.4% |
| Accrued charges and deferred income | 492/3 | - | €223 | +€223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,005 | €25,148 | -€857 | -3.3% |
| Other operating charges | 640/8 | €4,882 | €3,014 | -€1,868 | -38.3% |
| Gross operating margin | 9900 | €110,337 | €119,110 | +€8,773 | +8.0% |
| Operating profit (loss) | 9901 | €79,450 | €90,949 | +€11,499 | +14.5% |
| Financial income | 75/76B | €13,395 | €13,780 | +€384 | +2.9% |
| Recurring financial income | 75 | €13,395 | €13,780 | +€384 | +2.9% |
| Financial charges | 65/66B | €9,012 | €8,236 | -€775 | -8.6% |
| Recurring financial charges | 65 | €9,012 | €8,236 | -€775 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €83,834 | €96,492 | +€12,658 | +15.1% |
| Income taxes | 67/77 | €29,776 | €33,895 | +€4,118 | +13.8% |
| Profit (loss) for the period | 9904 | €54,057 | €62,597 | +€8,540 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,057 | €62,597 | +€8,540 | +15.8% |
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.