SEVENCOTEN: 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.
What changed
SEVENCOTEN
NACE 70.100, Activities of head offices
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€174,443
2023 · €5.0m-€4.8m
Equity
€10.6m
2023 · €10.4m+€174,443
Cash
€306,868
2023 · €1.5m-€1.2m
Balance sheet total
€16.2m
2023 · €16.3m-€104,290
Largest movements
Assets
- Current investments +€1.3m
up €1.3m (+32.8%), from €3.9m to €5.2m
- Cash -€1.2m
down €1.2m (-79.9%), from €1.5m to €306,868
mainly Current investments (-€1.3m) and Debts after one year (-€262,109)
- Tangible fixed assets -€241,453
down €241,453 (-3.2%), from €7.5m to €7.3m
of which Land and buildings: -€227,906
Equity and liabilities
- Debts after one year -€262,109
down €262,109 (-47.6%), from €550,750 to €288,641
- Reserves +€174,443
up €174,443 (+2.4%), from €7.3m to €7.4m
of which Distributable reserves: +€198,708
Income statement
- Gross operating margin -€6.4m
down €6.4m (-90.4%), from €7.1m to €680,414
From the 2023 result to the 2024 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.
Result 2023
€5.0m
Gross operating margin
-€6.4m
Depreciation
-€25,966
Other operating charges
+€43,056
Other operating items
+€2,325
Financial income
+€66,080
Financial charges
-€45,002
Taxes
+€52,572
Deferred taxes and other
+€1.5m
Result 2024
€174,443
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€377,892
Investment
-€1.3m
Financing
-€287,868
Cash 2023
€1.5m
From operations (derived)
+€377,892
Net result for the year
+€174,443
Depreciation
+€275,200
Receivables within one year
-€80,886
Provisions
-€19,116
Trade debts
-€54,261
Tax, wage and social debts
+€15,129
Other debts
+€42,229
Accrued charges and deferred income
+€25,154
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€33,748
Current investments
-€1.3m
Financing
-€287,868
Debts after one year
-€262,109
Current portion of long-term debt
-€25,759
Cash 2024
€306,868
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,321,807 | €16,217,517 | -€104,290 | -0.6% |
| Fixed assets | 21/28 | €9,862,105 | €9,620,652 | -€241,453 | -2.4% |
| Tangible fixed assets | 22/27 | €7,494,511 | €7,253,058 | -€241,453 | -3.2% |
| Land and buildings | 22 | €7,259,937 | €7,032,030 | -€227,906 | -3.1% |
| Plant, machinery and equipment | 23 | €47,802 | €73,396 | +€25,594 | +53.5% |
| Furniture and vehicles | 24 | €186,772 | €147,632 | -€39,140 | -21.0% |
| Financial fixed assets | 28 | €2,367,594 | €2,367,594 | = | 0.0% |
| Current assets | 29/58 | €6,459,702 | €6,596,864 | +€137,163 | +2.1% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade receivables | 290 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,653 | €114,539 | +€80,886 | +240.4% |
| Trade receivables | 40 | €1,600 | €8,736 | +€7,136 | +446.0% |
| Other amounts receivable | 41 | €32,053 | €105,803 | +€73,750 | +230.1% |
| Current investments | 50/53 | €3,896,819 | €5,175,457 | +€1.3m | +32.8% |
| Cash at bank and in hand | 54/58 | €1,529,230 | €306,868 | -€1.2m | -79.9% |
| Total equity and liabilities | 10/49 | €16,321,807 | €16,217,517 | -€104,290 | -0.6% |
| Equity | 10/15 | €10,428,308 | €10,602,751 | +€174,443 | +1.7% |
| Contributions | 10/11 | €3,137,253 | €3,137,253 | = | 0.0% |
| Capital | 10 | €3,137,253 | €3,137,253 | = | 0.0% |
| Issued capital | 100 | €3,137,253 | €3,137,253 | = | 0.0% |
| Reserves | 13 | €7,255,546 | €7,429,989 | +€174,443 | +2.4% |
| Non-distributable reserves | 130/1 | €619,080 | €619,080 | = | 0.0% |
| Legal reserve | 130 | €313,725 | €313,725 | = | 0.0% |
| Own shares acquired | 1312 | €305,355 | €305,355 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,878,253 | €4,853,987 | -€24,265 | -0.5% |
| Distributable reserves | 133 | €1,758,213 | €1,956,921 | +€198,708 | +11.3% |
| Profit (loss) carried forward | 14 | €35,509 | €35,509 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,672,801 | €1,653,685 | -€19,116 | -1.1% |
| Deferred taxes | 168 | €1,672,801 | €1,653,685 | -€19,116 | -1.1% |
| Amounts payable | 17/49 | €4,220,697 | €3,961,080 | -€259,617 | -6.2% |
| Amounts payable after more than one year | 17 | €550,750 | €288,641 | -€262,109 | -47.6% |
| Financial debts | 170/4 | €550,750 | €288,641 | -€262,109 | -47.6% |
| Amounts payable within one year | 42/48 | €3,669,948 | €3,647,285 | -€22,662 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €69,747 | €43,988 | -€25,759 | -36.9% |
| Trade debts | 44 | €54,261 | - | -€54,261 | |
| Suppliers | 440/4 | €54,261 | - | -€54,261 | |
| Taxes, remuneration and social security | 45 | €99,292 | €114,420 | +€15,129 | +15.2% |
| Taxes | 450/3 | €99,292 | €114,420 | +€15,129 | +15.2% |
| Other amounts payable | 47/48 | €3,446,648 | €3,488,877 | +€42,229 | +1.2% |
| Accrued charges and deferred income | 492/3 | - | €25,154 | +€25,154 | |
| Non-recurring operating income | 76A | €6,222,384 | - | -€6.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249,235 | €275,200 | +€25,966 | +10.4% |
| Other operating charges | 640/8 | €99,930 | €56,874 | -€43,056 | -43.1% |
| Non-recurring operating charges | 66A | €2,325 | - | -€2,325 | |
| Gross operating margin | 9900 | €7,103,015 | €680,414 | -€6.4m | -90.4% |
| Operating profit (loss) | 9901 | €6,751,526 | €348,339 | -€6.4m | -94.8% |
| Financial income | 75/76B | €98,454 | €164,534 | +€66,080 | +67.1% |
| Recurring financial income | 75 | €98,454 | €164,534 | +€66,080 | +67.1% |
| Financial charges | 65/66B | €236,673 | €281,675 | +€45,002 | +19.0% |
| Recurring financial charges | 65 | €236,673 | €281,675 | +€45,002 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €6,613,307 | €231,199 | -€6.4m | -96.5% |
| Transfer from deferred taxes | 780 | €27,568 | €19,116 | -€8,452 | -30.7% |
| Transfer to deferred taxes | 680 | €1,555,596 | - | -€1.6m | |
| Income taxes | 67/77 | €128,443 | €75,872 | -€52,572 | -40.9% |
| Profit (loss) for the period | 9904 | €4,956,836 | €174,443 | -€4.8m | -96.5% |
| Transfer from tax-exempt reserves | 789 | €14,907 | €24,265 | +€9,358 | +62.8% |
| Transfer to tax-exempt reserves | 689 | €4,666,788 | - | -€4.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €304,955 | €198,708 | -€106,247 | -34.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.