SEVEREYNS: 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.
SEVEREYNS
Largest movements
- Cash +€45,081
up €45,081 (+51.7%), from €87,129 to €132,210
mainly Net result for the year (+€43,755) and Depreciation (+€26,407)
- Reserves +€21,855
up €21,855 (+21.6%), from €101,387 to €123,241
- Other debts +€19,009
up €19,009 (+287.7%), from €6,608 to €25,616
- Tax, wage and social debts +€9,417
up €9,417 (+563.4%), from €1,672 to €11,089
of which Taxes: +€9,202
- Debts after one year -€7,683
down €7,683 (-19.7%), from €38,937 to €31,254
- Current portion of long-term debt +€2,922
up €2,922 (+21.8%), from €13,406 to €16,328
- Gross operating margin +€47,897
up €47,897 (+73.8%), from €64,902 to €112,799
- Taxes +€13,158
up €13,158 (+194.7%), from €6,758 to €19,916
- Staff costs +€3,381
up €3,381 (+35.0%), from €9,671 to €13,052
- Depreciation +€1,596
up €1,596 (+6.4%), from €24,810 to €26,407
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 | €195,329 | €238,405 | +€43,076 | +22.1% |
| Fixed assets | 21/28 | €94,111 | €92,989 | -€1,122 | -1.2% |
| Tangible fixed assets | 22/27 | €94,111 | €92,989 | -€1,122 | -1.2% |
| Land and buildings | 22 | - | €15,781 | +€15,781 | |
| Plant, machinery and equipment | 23 | €11,250 | €12,376 | +€1,126 | +10.0% |
| Furniture and vehicles | 24 | €82,861 | €63,300 | -€19,562 | -23.6% |
| Other tangible fixed assets | 26 | - | €1,533 | +€1,533 | |
| Current assets | 29/58 | €101,218 | €145,416 | +€44,197 | +43.7% |
| Amounts receivable within one year | 40/41 | €4,102 | €3,989 | -€113 | -2.8% |
| Trade receivables | 40 | €323 | €427 | +€103 | +32.0% |
| Other amounts receivable | 41 | €3,778 | €3,562 | -€216 | -5.7% |
| Cash at bank and in hand | 54/58 | €87,129 | €132,210 | +€45,081 | +51.7% |
| Deferred charges and accrued income | 490/1 | €9,987 | €9,217 | -€770 | -7.7% |
| Total equity and liabilities | 10/49 | €195,329 | €238,405 | +€43,076 | +22.1% |
| Equity | 10/15 | €121,473 | €143,327 | +€21,855 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,387 | €123,241 | +€21,855 | +21.6% |
| Distributable reserves | 133 | €101,387 | €123,241 | +€21,855 | +21.6% |
| Profit (loss) carried forward | 14 | €1,486 | €1,486 | = | 0.0% |
| Amounts payable | 17/49 | €73,857 | €95,078 | +€21,221 | +28.7% |
| Amounts payable after more than one year | 17 | €38,937 | €31,254 | -€7,683 | -19.7% |
| Financial debts | 170/4 | €38,937 | €31,254 | -€7,683 | -19.7% |
| Amounts payable within one year | 42/48 | €34,919 | €63,823 | +€28,904 | +82.8% |
| Current portion of amounts payable after more than one year | 42 | €13,406 | €16,328 | +€2,922 | +21.8% |
| Financial debts | 43 | €3,381 | €3,388 | +€6 | +0.2% |
| Other loans | 439 | €3,381 | €3,388 | +€6 | +0.2% |
| Trade debts | 44 | €9,853 | €7,403 | -€2,450 | -24.9% |
| Suppliers | 440/4 | €9,853 | €7,403 | -€2,450 | -24.9% |
| Taxes, remuneration and social security | 45 | €1,672 | €11,089 | +€9,417 | +563.4% |
| Taxes | 450/3 | €838 | €10,040 | +€9,202 | +1098.0% |
| Remuneration and social security | 454/9 | €834 | €1,048 | +€215 | +25.8% |
| Other amounts payable | 47/48 | €6,608 | €25,616 | +€19,009 | +287.7% |
| Remuneration, social security and pensions | 62 | €9,671 | €13,052 | +€3,381 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,810 | €26,407 | +€1,596 | +6.4% |
| Other operating charges | 640/8 | €4,346 | €3,979 | -€367 | -8.4% |
| Gross operating margin | 9900 | €64,902 | €112,799 | +€47,897 | +73.8% |
| Operating profit (loss) | 9901 | €26,074 | €69,362 | +€43,287 | +166.0% |
| Financial income | 75/76B | €9 | €20 | +€10 | +109.3% |
| Recurring financial income | 75 | €9 | €20 | +€10 | +109.3% |
| Financial charges | 65/66B | €5,732 | €5,711 | -€22 | -0.4% |
| Recurring financial charges | 65 | €5,732 | €5,711 | -€22 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €20,352 | €63,671 | +€43,319 | +212.9% |
| Income taxes | 67/77 | €6,758 | €19,916 | +€13,158 | +194.7% |
| Profit (loss) for the period | 9904 | €13,594 | €43,755 | +€30,161 | +221.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,594 | €43,755 | +€30,161 | +221.9% |
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.