SEVEN: 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.
SEVEN
Largest movements
- Tangible fixed assets +€73,855
up €73,855 (+101.4%), from €72,871 to €146,726
of which Leasing and similar rights: +€78,779
- Cash -€9,826
down €9,826 (-33.1%), from €29,659 to €19,832
mainly Investment in fixed assets (net) (-€97,025) and Tax, wage and social debts (-€5,574)
- Receivables within one year -€7,905
down €7,905 (-58.1%), from €13,605 to €5,700
of which Trade receivables: -€9,528
- Deferred charges and accrued income +€4,365
up €4,365 (+250.1%), from €1,745 to €6,110
- Debts after one year +€45,119
up €45,119 (+122.2%), from €36,909 to €82,028
- Profit (loss) carried forward +€16,522
up €16,522 (+35.5%), from €46,502 to €63,024
- Tax, wage and social debts -€5,574
down €5,574 (-99.9%), from €5,579 to €5
of which Remuneration and social security: -€5,135
- Accrued charges and deferred income -€3,411
no longer reported in 2025 (was €3,411)
- Trade debts +€2,776
up €2,776 (+47.2%), from €5,882 to €8,658
- Staff costs +€9,281
up €9,281 (+13.9%), from €66,674 to €75,954
- Depreciation +€2,684
up €2,684 (+13.1%), from €20,536 to €23,220
- Taxes +€1,688
up €1,688 (+365.1%), from €462 to €2,151
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 | €120,894 | €181,332 | +€60,438 | +50.0% |
| Fixed assets | 21/28 | €75,885 | €149,690 | +€73,805 | +97.3% |
| Intangible fixed assets | 21 | €644 | €444 | -€200 | -31.1% |
| Tangible fixed assets | 22/27 | €72,871 | €146,726 | +€73,855 | +101.4% |
| Plant, machinery and equipment | 23 | €19,824 | €18,551 | -€1,273 | -6.4% |
| Furniture and vehicles | 24 | €53,046 | €49,396 | -€3,651 | -6.9% |
| Leasing and similar rights | 25 | - | €78,779 | +€78,779 | |
| Financial fixed assets | 28 | €2,370 | €2,520 | +€150 | +6.3% |
| Current assets | 29/58 | €45,009 | €31,643 | -€13,367 | -29.7% |
| Amounts receivable within one year | 40/41 | €13,605 | €5,700 | -€7,905 | -58.1% |
| Trade receivables | 40 | €10,327 | €799 | -€9,528 | -92.3% |
| Other amounts receivable | 41 | €3,278 | €4,901 | +€1,623 | +49.5% |
| Cash at bank and in hand | 54/58 | €29,659 | €19,832 | -€9,826 | -33.1% |
| Deferred charges and accrued income | 490/1 | €1,745 | €6,110 | +€4,365 | +250.1% |
| Total equity and liabilities | 10/49 | €120,894 | €181,332 | +€60,438 | +50.0% |
| Equity | 10/15 | €51,502 | €68,024 | +€16,522 | +32.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,502 | €63,024 | +€16,522 | +35.5% |
| Amounts payable | 17/49 | €69,392 | €113,308 | +€43,917 | +63.3% |
| Amounts payable after more than one year | 17 | €36,909 | €82,028 | +€45,119 | +122.2% |
| Financial debts | 170/4 | €36,909 | €82,028 | +€45,119 | +122.2% |
| Amounts payable within one year | 42/48 | €29,071 | €31,280 | +€2,209 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €17,610 | €20,308 | +€2,698 | +15.3% |
| Trade debts | 44 | €5,882 | €8,658 | +€2,776 | +47.2% |
| Suppliers | 440/4 | €5,882 | €8,658 | +€2,776 | +47.2% |
| Taxes, remuneration and social security | 45 | €5,579 | €5 | -€5,574 | -99.9% |
| Taxes | 450/3 | €444 | €5 | -€439 | -99.0% |
| Remuneration and social security | 454/9 | €5,135 | - | -€5,135 | |
| Other amounts payable | 47/48 | - | €2,309 | +€2,309 | |
| Accrued charges and deferred income | 492/3 | €3,411 | - | -€3,411 | |
| Remuneration, social security and pensions | 62 | €66,674 | €75,954 | +€9,281 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,536 | €23,220 | +€2,684 | +13.1% |
| Other operating charges | 640/8 | €2,540 | €1,576 | -€963 | -37.9% |
| Non-recurring operating charges | 66A | €24,061 | - | -€24,061 | |
| Gross operating margin | 9900 | €122,696 | €123,198 | +€503 | +0.4% |
| Operating profit (loss) | 9901 | €8,886 | €22,448 | +€13,562 | +152.6% |
| Financial income | 75/76B | €161 | €133 | -€28 | -17.3% |
| Recurring financial income | 75 | €161 | €133 | -€28 | -17.3% |
| Financial charges | 65/66B | €4,644 | €3,909 | -€736 | -15.8% |
| Recurring financial charges | 65 | €4,644 | €3,909 | -€736 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €4,403 | €18,672 | +€14,270 | +324.1% |
| Income taxes | 67/77 | €462 | €2,151 | +€1,688 | +365.1% |
| Profit (loss) for the period | 9904 | €3,940 | €16,522 | +€12,582 | +319.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,940 | €16,522 | +€12,582 | +319.3% |
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 8 October 2026 via checked.be.