SEVEN MANAGEMENT: 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.
SEVEN MANAGEMENT
Largest movements
- Tangible fixed assets -€30,647
down €30,647 (-61.0%), from €50,245 to €19,598
of which Furniture and vehicles: -€30,647
- Cash -€30,128
down €30,128 (-25.8%), from €116,775 to €86,647
mainly Debts after one year (-€18,664) and Receivables within one year (-€17,218)
- Receivables within one year +€17,218
up €17,218 (+76.7%), from €22,460 to €39,678
of which Other amounts receivable: +€30,668
- Deferred charges and accrued income -€3,892
down €3,892 (-70.8%), from €5,497 to €1,605
- Debts after one year -€18,664
down €18,664 (-59.4%), from €31,398 to €12,734
- Reserves -€15,821
down €15,821 (-18.9%), from €83,691 to €67,871
- Tax, wage and social debts -€11,517
down €11,517 (-53.7%), from €21,429 to €9,912
- Trade debts -€2,108
down €2,108 (-39.7%), from €5,305 to €3,197
- Gross operating margin -€79,054
down €79,054 (-83.0%), from €95,204 to €16,150
- Taxes -€14,639
down €14,639 (-100%), from €14,639 to €0
- Financial income +€1,371
new in 2025: €1,371
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.
Derived cash bridge
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 | €194,977 | €147,528 | -€47,449 | -24.3% |
| Fixed assets | 21/28 | €50,245 | €19,598 | -€30,647 | -61.0% |
| Tangible fixed assets | 22/27 | €50,245 | €19,598 | -€30,647 | -61.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €50,245 | €19,598 | -€30,647 | -61.0% |
| Current assets | 29/58 | €144,732 | €127,930 | -€16,803 | -11.6% |
| Amounts receivable within one year | 40/41 | €22,460 | €39,678 | +€17,218 | +76.7% |
| Trade receivables | 40 | €17,262 | €3,812 | -€13,450 | -77.9% |
| Other amounts receivable | 41 | €5,198 | €35,866 | +€30,668 | +590% |
| Cash at bank and in hand | 54/58 | €116,775 | €86,647 | -€30,128 | -25.8% |
| Deferred charges and accrued income | 490/1 | €5,497 | €1,605 | -€3,892 | -70.8% |
| Total equity and liabilities | 10/49 | €194,977 | €147,528 | -€47,449 | -24.3% |
| Equity | 10/15 | €88,691 | €72,871 | -€15,821 | -17.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €83,691 | €67,871 | -€15,821 | -18.9% |
| Distributable reserves | 133 | €83,691 | €67,871 | -€15,821 | -18.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €106,286 | €74,657 | -€31,629 | -29.8% |
| Amounts payable after more than one year | 17 | €31,398 | €12,734 | -€18,664 | -59.4% |
| Financial debts | 170/4 | €31,398 | €12,734 | -€18,664 | -59.4% |
| Amounts payable within one year | 42/48 | €74,888 | €61,773 | -€13,115 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €18,153 | €18,664 | +€511 | +2.8% |
| Trade debts | 44 | €5,305 | €3,197 | -€2,108 | -39.7% |
| Suppliers | 440/4 | €5,305 | €3,197 | -€2,108 | -39.7% |
| Taxes, remuneration and social security | 45 | €21,429 | €9,912 | -€11,517 | -53.7% |
| Taxes | 450/3 | €21,429 | €9,912 | -€11,517 | -53.7% |
| Other amounts payable | 47/48 | €30,000 | €30,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,840 | €30,647 | -€194 | -0.6% |
| Other operating charges | 640/8 | €1,686 | €1,401 | -€285 | -16.9% |
| Gross operating margin | 9900 | €95,204 | €16,150 | -€79,054 | -83.0% |
| Operating profit (loss) | 9901 | €62,678 | -€15,898 | -€78,576 | |
| Financial income | 75/76B | - | €1,371 | +€1,371 | |
| Recurring financial income | 75 | - | €1,371 | +€1,371 | |
| Financial charges | 65/66B | €2,022 | €1,294 | -€728 | -36.0% |
| Recurring financial charges | 65 | €2,022 | €1,294 | -€728 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €60,656 | -€15,821 | -€76,477 | |
| Income taxes | 67/77 | €14,639 | €0 | -€14,639 | -100% |
| Profit (loss) for the period | 9904 | €46,017 | -€15,821 | -€61,838 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,017 | -€15,821 | -€61,838 |
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 26 October 2026 via checked.be.