SEVECON: 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.
SEVECON
Largest movements
- Financial fixed assets +€88,000
new in 2025: €88,000
- Cash -€60,488
down €60,488 (-41.0%), from €147,458 to €86,970
mainly Investment in fixed assets (net) (-€91,012) and Receivables within one year (-€3,637)
- Receivables within one year +€3,637
up €3,637 (+36.6%), from €9,927 to €13,564
of which Trade receivables: +€3,585
- Reserves +€31,436
up €31,436 (+21.9%), from €143,841 to €175,276
- Tax, wage and social debts +€3,015
up €3,015 (+39.6%), from €7,610 to €10,625
- Gross operating margin +€5,243
up €5,243 (+10.9%), from €48,240 to €53,483
- Taxes +€5,004
up €5,004 (+40.7%), from €12,308 to €17,312
- Financial charges -€2,262
down €2,262 (-49.0%), from €4,614 to €2,353
- Depreciation +€591
up €591 (+97.8%), from €604 to €1,194
- Other operating charges +€556
up €556 (+87.9%), from €632 to €1,188
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 | €164,048 | €198,631 | +€34,584 | +21.1% |
| Fixed assets | 21/28 | €2,566 | €92,383 | +€89,817 | +3499.9% |
| Tangible fixed assets | 22/27 | €2,566 | €4,383 | +€1,817 | +70.8% |
| Plant, machinery and equipment | 23 | €2,122 | €1,670 | -€452 | -21.3% |
| Furniture and vehicles | 24 | €445 | €2,714 | +€2,269 | +510.4% |
| Financial fixed assets | 28 | - | €88,000 | +€88,000 | |
| Current assets | 29/58 | €161,481 | €106,248 | -€55,234 | -34.2% |
| Amounts receivable within one year | 40/41 | €9,927 | €13,564 | +€3,637 | +36.6% |
| Trade receivables | 40 | €9,927 | €13,512 | +€3,585 | +36.1% |
| Other amounts receivable | 41 | - | €52 | +€52 | |
| Cash at bank and in hand | 54/58 | €147,458 | €86,970 | -€60,488 | -41.0% |
| Deferred charges and accrued income | 490/1 | €4,096 | €5,714 | +€1,617 | +39.5% |
| Total equity and liabilities | 10/49 | €164,048 | €198,631 | +€34,584 | +21.1% |
| Equity | 10/15 | €150,341 | €181,776 | +€31,436 | +20.9% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €143,841 | €175,276 | +€31,436 | +21.9% |
| Distributable reserves | 133 | €143,841 | €175,276 | +€31,436 | +21.9% |
| Amounts payable | 17/49 | €13,707 | €16,855 | +€3,148 | +23.0% |
| Amounts payable within one year | 42/48 | €13,707 | €16,855 | +€3,148 | +23.0% |
| Trade debts | 44 | €2,327 | €2,625 | +€298 | +12.8% |
| Suppliers | 440/4 | €2,327 | €2,625 | +€298 | +12.8% |
| Taxes, remuneration and social security | 45 | €7,610 | €10,625 | +€3,015 | +39.6% |
| Taxes | 450/3 | €7,610 | €10,625 | +€3,015 | +39.6% |
| Other amounts payable | 47/48 | €3,770 | €3,605 | -€165 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €604 | €1,194 | +€591 | +97.8% |
| Other operating charges | 640/8 | €632 | €1,188 | +€556 | +87.9% |
| Gross operating margin | 9900 | €48,240 | €53,483 | +€5,243 | +10.9% |
| Operating profit (loss) | 9901 | €47,004 | €51,100 | +€4,096 | +8.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €4,614 | €2,353 | -€2,262 | -49.0% |
| Recurring financial charges | 65 | €4,614 | €2,353 | -€2,262 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €42,390 | €48,748 | +€6,358 | +15.0% |
| Income taxes | 67/77 | €12,308 | €17,312 | +€5,004 | +40.7% |
| Profit (loss) for the period | 9904 | €30,082 | €31,436 | +€1,354 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,082 | €31,436 | +€1,354 | +4.5% |
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 5 October 2026 via checked.be.