SEVERIN ASSOCIATION: 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.
SEVERIN ASSOCIATION
Largest movements
- Receivables within one year +€31,242
up €31,242 (+47,684%), from €66 to €31,308
of which Trade receivables: +€31,242
- Cash +€22,062
up €22,062 (+2,543%), from €868 to €22,930
mainly Trade debts (+€41,379) and Advances received (+€22,068)
- Tangible fixed assets -€1,000
down €1,000 (-32.4%), from €3,082 to €2,082
- Trade debts +€41,379
up €41,379 (+454%), from €9,115 to €50,493
- Advances received +€22,068
new in 2025: €22,068
- Profit (loss) carried forward -€11,142
down €11,142 (-96.4%), from -€11,558 to -€22,700
- Gross operating margin -€10,136
new in 2025: -€10,136
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 | €4,015 | €56,320 | +€52,305 | +1,303% |
| Fixed assets | 21/28 | €3,082 | €2,082 | -€1,000 | -32.4% |
| Tangible fixed assets | 22/27 | €3,082 | €2,082 | -€1,000 | -32.4% |
| Other tangible fixed assets | 26 | €3,082 | €2,082 | -€1,000 | -32.4% |
| Current assets | 29/58 | €933 | €54,238 | +€53,305 | +5,712% |
| Amounts receivable within one year | 40/41 | €66 | €31,308 | +€31,242 | +47,684% |
| Trade receivables | 40 | - | €31,242 | +€31,242 | |
| Other amounts receivable | 41 | €66 | €66 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €868 | €22,930 | +€22,062 | +2,543% |
| Total equity and liabilities | 10/49 | €4,015 | €56,320 | +€52,305 | +1,303% |
| Equity | 10/15 | -€5,158 | -€16,300 | -€11,142 | -216% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,558 | -€22,700 | -€11,142 | -96.4% |
| Amounts payable | 17/49 | €9,174 | €72,620 | +€63,446 | +692% |
| Amounts payable within one year | 42/48 | €9,174 | €72,620 | +€63,446 | +692% |
| Trade debts | 44 | €9,115 | €50,493 | +€41,379 | +454% |
| Suppliers | 440/4 | €9,115 | €50,493 | +€41,379 | +454% |
| Advances received on contracts in progress | 46 | - | €22,068 | +€22,068 | |
| Other amounts payable | 47/48 | €59 | €59 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | €1,000 | = | 0.0% |
| Gross operating margin | 9900 | - | -€10,136 | -€10,136 | |
| Operating profit (loss) | 9901 | -€1,000 | -€11,136 | -€10,136 | -1,014% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | - | €8 | +€8 | |
| Recurring financial charges | 65 | - | €8 | +€8 | |
| Profit (loss) for the period before taxes | 9903 | -€1,000 | -€11,142 | -€10,142 | -1,014% |
| Profit (loss) for the period | 9904 | -€1,000 | -€11,142 | -€10,142 | -1,014% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,000 | -€11,142 | -€10,142 | -1,014% |
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 14 October 2026 via checked.be.