SEVE & CO: 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.
SEVE & CO
Largest movements
- Stocks and contracts -€63,805
no longer reported in 2025 (was €63,805)
- Receivables within one year -€21,506
down €21,506 (-99.2%), from €21,678 to €172
of which Trade receivables: -€21,628
- Cash -€16,043
down €16,043 (-84.9%), from €18,894 to €2,851
mainly Short-term financial debts (-€50,000) and Other debts (-€47,541)
- Tangible fixed assets -€5,946
down €5,946 (-29.8%), from €19,931 to €13,985
of which Plant, machinery and equipment: -€3,883
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Other debts -€47,541
no longer reported in 2025 (was €47,541)
- Accrued charges and deferred income -€7,531
no longer reported in 2025 (was €7,531)
- Tax, wage and social debts -€6,179
down €6,179 (-98.6%), from €6,265 to €86
of which Taxes: -€5,891
- Profit (loss) carried forward +€5,897
up €5,897 (+57.5%), from -€10,249 to -€4,352
- Gross operating margin +€44,550
up €44,550, from -€29,761 to €14,789
- Write-downs -€8,020
no longer reported in 2025 (was €8,020)
- Financial charges -€5,008
down €5,008 (-78.4%), from €6,387 to €1,379
- Financial income -€433
down €433 (-99.9%), from €433 to €1
of which Financial income: -€433
- Taxes -€320
down €320 (-78.8%), from €406 to €86
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 | €125,022 | €17,111 | -€107,912 | -86.3% |
| Fixed assets | 21/28 | €19,931 | €13,985 | -€5,946 | -29.8% |
| Tangible fixed assets | 22/27 | €19,931 | €13,985 | -€5,946 | -29.8% |
| Land and buildings | 22 | €9,398 | €7,335 | -€2,063 | -21.9% |
| Plant, machinery and equipment | 23 | €10,533 | €6,649 | -€3,883 | -36.9% |
| Current assets | 29/58 | €105,092 | €3,126 | -€101,966 | -97.0% |
| Stocks and contracts in progress | 3 | €63,805 | - | -€63,805 | |
| Stocks | 30/36 | €63,805 | - | -€63,805 | |
| Amounts receivable within one year | 40/41 | €21,678 | €172 | -€21,506 | -99.2% |
| Trade receivables | 40 | €21,628 | - | -€21,628 | |
| Other amounts receivable | 41 | €50 | €172 | +€122 | +244.9% |
| Cash at bank and in hand | 54/58 | €18,894 | €2,851 | -€16,043 | -84.9% |
| Deferred charges and accrued income | 490/1 | €716 | €103 | -€613 | -85.6% |
| Total equity and liabilities | 10/49 | €125,022 | €17,111 | -€107,912 | -86.3% |
| Equity | 10/15 | €10,211 | €16,108 | +€5,897 | +57.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,249 | -€4,352 | +€5,897 | +57.5% |
| Amounts payable | 17/49 | €114,811 | €1,003 | -€113,808 | -99.1% |
| Amounts payable within one year | 42/48 | €107,280 | €1,003 | -€106,277 | -99.1% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Other loans | 439 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €3,473 | €917 | -€2,557 | -73.6% |
| Suppliers | 440/4 | €3,473 | €917 | -€2,557 | -73.6% |
| Taxes, remuneration and social security | 45 | €6,265 | €86 | -€6,179 | -98.6% |
| Taxes | 450/3 | €5,977 | €86 | -€5,891 | -98.6% |
| Remuneration and social security | 454/9 | €288 | - | -€288 | |
| Other amounts payable | 47/48 | €47,541 | - | -€47,541 | |
| Accrued charges and deferred income | 492/3 | €7,531 | - | -€7,531 | |
| Non-recurring operating income | 76A | - | €16,529 | +€16,529 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,946 | €5,946 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,020 | - | -€8,020 | |
| Other operating charges | 640/8 | €1,561 | €1,481 | -€80 | -5.1% |
| Gross operating margin | 9900 | -€29,761 | €14,789 | +€44,550 | |
| Operating profit (loss) | 9901 | -€45,288 | €7,362 | +€52,650 | |
| Financial income | 75/76B | €433 | €1 | -€433 | -99.9% |
| Recurring financial income | 75 | €433 | €1 | -€433 | -99.9% |
| Non-recurring financial income | 76B | €433 | €1 | -€433 | -99.9% |
| Financial charges | 65/66B | €6,387 | €1,379 | -€5,008 | -78.4% |
| Recurring financial charges | 65 | €6,387 | €1,379 | -€5,008 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | -€51,242 | €5,983 | +€57,225 | |
| Transfer from deferred taxes | 780 | €4,900 | - | -€4,900 | |
| Income taxes | 67/77 | €406 | €86 | -€320 | -78.8% |
| Profit (loss) for the period | 9904 | -€46,748 | €5,897 | +€52,645 | |
| Transfer from tax-exempt reserves | 789 | €9,516 | - | -€9,516 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,232 | €5,897 | +€43,128 |
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 11 October 2026 via checked.be.