Severins: 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.
Severins
Largest movements
- Tangible fixed assets -€20,375
down €20,375 (-77.8%), from €26,202 to €5,827
of which Plant, machinery and equipment: -€13,042
- Receivables within one year +€10,089
up €10,089 (+7.0%), from €143,893 to €153,982
of which Other amounts receivable: +€12,618
- Stocks and contracts -€5,840
down €5,840 (-13.4%), from €43,475 to €37,635
- Cash +€4,455
up €4,455 (+368%), from €1,211 to €5,666
mainly Short-term financial debts (+€24,839) and Depreciation (+€20,375)
- Profit (loss) carried forward -€43,663
down €43,663 (-90.4%), from -€48,285 to -€91,947
- Short-term financial debts +€24,839
up €24,839 (+15,456%), from €161 to €25,000
- Tax, wage and social debts +€4,873
up €4,873, from €0 to €4,873
- Trade debts +€3,085
up €3,085 (+15.4%), from €20,056 to €23,141
- Gross operating margin +€13,455
up €13,455 (+32.5%), from -€41,437 to -€27,982
- Financial charges +€1,876
up €1,876 (+306%), from €613 to €2,489
of which Financial charges: +€1,876
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 | €247,299 | €236,433 | -€10,866 | -4.4% |
| Fixed assets | 21/28 | €26,202 | €5,827 | -€20,375 | -77.8% |
| Tangible fixed assets | 22/27 | €26,202 | €5,827 | -€20,375 | -77.8% |
| Plant, machinery and equipment | 23 | €17,662 | €4,620 | -€13,042 | -73.8% |
| Furniture and vehicles | 24 | €8,540 | €1,208 | -€7,333 | -85.9% |
| Current assets | 29/58 | €221,097 | €230,606 | +€9,509 | +4.3% |
| Amounts receivable after more than one year | 29 | €30,900 | €31,800 | +€900 | +2.9% |
| Other amounts receivable | 291 | €30,900 | €31,800 | +€900 | +2.9% |
| Stocks and contracts in progress | 3 | €43,475 | €37,635 | -€5,840 | -13.4% |
| Stocks | 30/36 | €43,475 | €37,635 | -€5,840 | -13.4% |
| Amounts receivable within one year | 40/41 | €143,893 | €153,982 | +€10,089 | +7.0% |
| Trade receivables | 40 | €9,538 | €7,009 | -€2,529 | -26.5% |
| Other amounts receivable | 41 | €134,355 | €146,973 | +€12,618 | +9.4% |
| Current investments | 50/53 | €1,000 | €1,006 | +€6 | +0.6% |
| Cash at bank and in hand | 54/58 | €1,211 | €5,666 | +€4,455 | +368% |
| Deferred charges and accrued income | 490/1 | €618 | €517 | -€101 | -16.3% |
| Total equity and liabilities | 10/49 | €247,299 | €236,433 | -€10,866 | -4.4% |
| Equity | 10/15 | €227,082 | €183,420 | -€43,663 | -19.2% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €200,999 | €200,999 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €193,562 | €193,562 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,285 | -€91,947 | -€43,663 | -90.4% |
| Amounts payable | 17/49 | €20,217 | €53,014 | +€32,797 | +162% |
| Amounts payable within one year | 42/48 | €20,217 | €53,014 | +€32,797 | +162% |
| Financial debts | 43 | €161 | €25,000 | +€24,839 | +15,456% |
| Credit institutions | 430/8 | €161 | €25,000 | +€24,839 | +15,456% |
| Trade debts | 44 | €20,056 | €23,141 | +€3,085 | +15.4% |
| Suppliers | 440/4 | €20,056 | €23,141 | +€3,085 | +15.4% |
| Taxes, remuneration and social security | 45 | €0 | €4,873 | +€4,873 | |
| Taxes | 450/3 | €0 | €4,873 | +€4,873 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,316 | €20,375 | +€59 | +0.3% |
| Other operating charges | 640/8 | €954 | €1,170 | +€216 | +22.7% |
| Gross operating margin | 9900 | -€41,437 | -€27,982 | +€13,455 | +32.5% |
| Operating profit (loss) | 9901 | -€62,707 | -€49,527 | +€13,180 | +21.0% |
| Financial income | 75/76B | €8,514 | €8,353 | -€161 | -1.9% |
| Recurring financial income | 75 | €8,514 | €8,353 | -€161 | -1.9% |
| Financial charges | 65/66B | €613 | €2,489 | +€1,876 | +306% |
| Recurring financial charges | 65 | €613 | €2,489 | +€1,876 | +306% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€54,805 | -€43,663 | +€11,143 | +20.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€54,805 | -€43,663 | +€11,143 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,805 | -€43,663 | +€11,143 | +20.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.