Sevawu: what changed
Two fiscal 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.
Sevawu
Largest movements
- Tangible fixed assets -€28,809
down €28,809 (-4.4%), from €658,177 to €629,368
of which Land and buildings: -€28,279
- Receivables within one year -€20,218
down €20,218 (-98.2%), from €20,589 to €371
of which Trade receivables: -€12,548
- Cash +€17,570
up €17,570 (+854.5%), from €2,056 to €19,626
mainly Depreciation (+€41,039) and Receivables within one year (+€20,218)
- Profit (loss) carried forward -€29,980
down €29,980 (-21.7%), from -€137,882 to -€167,862
- Accrued charges and deferred income +€15,068
up €15,068 (+155.0%), from €9,723 to €24,791
- Debts after one year -€14,865
down €14,865 (-4.0%), from €367,439 to €352,574
- Gross operating margin +€83,336
up €83,336, from -€36,346 to €46,991
- Depreciation -€20,677
down €20,677 (-33.5%), from €61,716 to €41,039
- Financial charges -€6,058
down €6,058 (-17.1%), from €35,497 to €29,439
- Other operating charges +€2,439
up €2,439 (+56.3%), from €4,335 to €6,773
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 | €680,892 | €649,427 | -€31,465 | -4.6% |
| Fixed assets | 21/28 | €658,177 | €629,368 | -€28,809 | -4.4% |
| Tangible fixed assets | 22/27 | €658,177 | €629,368 | -€28,809 | -4.4% |
| Land and buildings | 22 | €656,435 | €628,156 | -€28,279 | -4.3% |
| Furniture and vehicles | 24 | €1,742 | €1,212 | -€529 | -30.4% |
| Current assets | 29/58 | €22,715 | €20,059 | -€2,656 | -11.7% |
| Amounts receivable within one year | 40/41 | €20,589 | €371 | -€20,218 | -98.2% |
| Trade receivables | 40 | €12,897 | €349 | -€12,548 | -97.3% |
| Other amounts receivable | 41 | €7,692 | €22 | -€7,670 | -99.7% |
| Cash at bank and in hand | 54/58 | €2,056 | €19,626 | +€17,570 | +854.5% |
| Deferred charges and accrued income | 490/1 | €70 | €62 | -€8 | -11.1% |
| Total equity and liabilities | 10/49 | €680,892 | €649,427 | -€31,465 | -4.6% |
| Equity | 10/15 | -€117,882 | -€147,862 | -€29,980 | -25.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,882 | -€167,862 | -€29,980 | -21.7% |
| Amounts payable | 17/49 | €798,774 | €797,289 | -€1,485 | -0.2% |
| Amounts payable after more than one year | 17 | €367,439 | €352,574 | -€14,865 | -4.0% |
| Financial debts | 170/4 | €367,439 | €352,574 | -€14,865 | -4.0% |
| Amounts payable within one year | 42/48 | €421,612 | €419,924 | -€1,688 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €14,310 | €14,865 | +€555 | +3.9% |
| Trade debts | 44 | €12,255 | €6,032 | -€6,224 | -50.8% |
| Suppliers | 440/4 | €12,255 | €6,032 | -€6,224 | -50.8% |
| Other amounts payable | 47/48 | €395,047 | €399,027 | +€3,980 | +1.0% |
| Accrued charges and deferred income | 492/3 | €9,723 | €24,791 | +€15,068 | +155.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,716 | €41,039 | -€20,677 | -33.5% |
| Other operating charges | 640/8 | €4,335 | €6,773 | +€2,439 | +56.3% |
| Gross operating margin | 9900 | -€36,346 | €46,991 | +€83,336 | |
| Operating profit (loss) | 9901 | -€102,397 | -€822 | +€101,575 | +99.2% |
| Financial income | 75/76B | €12 | €280 | +€268 | +2267.7% |
| Recurring financial income | 75 | €12 | €280 | +€268 | +2267.7% |
| Financial charges | 65/66B | €35,497 | €29,439 | -€6,058 | -17.1% |
| Recurring financial charges | 65 | €35,497 | €29,439 | -€6,058 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | -€137,882 | -€29,980 | +€107,902 | +78.3% |
| Profit (loss) for the period | 9904 | -€137,882 | -€29,980 | +€107,902 | +78.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€137,882 | -€29,980 | +€107,902 | +78.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.