SEVERS & ASSOCIES: 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.
SEVERS & ASSOCIES
Largest movements
- Receivables within one year +€102,711
up €102,711 (+22.3%), from €461,179 to €563,890
of which Other amounts receivable: +€111,627
- Tangible fixed assets -€7,197
down €7,197 (-19.1%), from €37,770 to €30,573
of which Land and buildings: -€4,519
- Debts after one year +€80,000
new in 2024: €80,000
- Tax, wage and social debts -€36,497
down €36,497 (-39.0%), from €93,690 to €57,192
- Profit (loss) carried forward +€35,281
up €35,281 (+8.4%), from €421,334 to €456,616
- Other debts +€20,000
new in 2024: €20,000
- Purchases and services +€48,515
up €48,515 (+20.4%), from €237,631 to €286,146
- Gross operating margin -€41,501
down €41,501 (-78.3%), from €52,969 to €11,468
- Financial income +€10,233
up €10,233 (+44.0%), from €23,255 to €33,488
- Taxes -€6,680
down €6,680 (-42.5%), from €15,729 to €9,049
- Depreciation -€4,102
down €4,102 (-27.0%), from €15,179 to €11,077
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €524,059 | €621,968 | +€97,909 | +18.7% |
| Fixed assets | 21/28 | €40,385 | €33,188 | -€7,197 | -17.8% |
| Tangible fixed assets | 22/27 | €37,770 | €30,573 | -€7,197 | -19.1% |
| Land and buildings | 22 | €27,117 | €22,597 | -€4,519 | -16.7% |
| Plant, machinery and equipment | 23 | €5,392 | €2,396 | -€2,996 | -55.6% |
| Furniture and vehicles | 24 | €5,261 | €5,579 | +€318 | +6.0% |
| Financial fixed assets | 28 | €2,615 | €2,615 | = | 0.0% |
| Current assets | 29/58 | €483,674 | €588,780 | +€105,106 | +21.7% |
| Amounts receivable within one year | 40/41 | €461,179 | €563,890 | +€102,711 | +22.3% |
| Trade receivables | 40 | €29,665 | €20,748 | -€8,916 | -30.1% |
| Other amounts receivable | 41 | €431,514 | €543,142 | +€111,627 | +25.9% |
| Cash at bank and in hand | 54/58 | €22,496 | €24,511 | +€2,015 | +9.0% |
| Deferred charges and accrued income | 490/1 | - | €380 | +€380 | |
| Total equity and liabilities | 10/49 | €524,059 | €621,968 | +€97,909 | +18.7% |
| Equity | 10/15 | €429,494 | €464,776 | +€35,281 | +8.2% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Capital | 10 | €6,300 | €6,300 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,300 | €12,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €421,334 | €456,616 | +€35,281 | +8.4% |
| Amounts payable | 17/49 | €94,564 | €157,192 | +€62,628 | +66.2% |
| Amounts payable after more than one year | 17 | - | €80,000 | +€80,000 | |
| Financial debts | 170/4 | - | €80,000 | +€80,000 | |
| Amounts payable within one year | 42/48 | €94,564 | €77,192 | -€17,372 | -18.4% |
| Trade debts | 44 | €875 | - | -€875 | |
| Suppliers | 440/4 | €875 | - | -€875 | |
| Taxes, remuneration and social security | 45 | €93,690 | €57,192 | -€36,497 | -39.0% |
| Taxes | 450/3 | €93,690 | €57,192 | -€36,497 | -39.0% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Turnover | 70 | €289,600 | €289,603 | +€3 | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €237,631 | €286,146 | +€48,515 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,179 | €11,077 | -€4,102 | -27.0% |
| Other operating charges | 640/8 | €401 | €3,723 | +€3,322 | +828% |
| Gross operating margin | 9900 | €52,969 | €11,468 | -€41,501 | -78.3% |
| Operating profit (loss) | 9901 | €37,389 | -€3,332 | -€40,721 | |
| Financial income | 75/76B | €23,255 | €33,488 | +€10,233 | +44.0% |
| Recurring financial income | 75 | €23,255 | €33,488 | +€10,233 | +44.0% |
| Financial charges | 65/66B | €4,566 | €4,941 | +€376 | +8.2% |
| Recurring financial charges | 65 | €4,566 | €4,941 | +€376 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €56,079 | €25,216 | -€30,863 | -55.0% |
| Income taxes | 67/77 | €15,729 | €9,049 | -€6,680 | -42.5% |
| Profit (loss) for the period | 9904 | €40,350 | €16,167 | -€24,183 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,350 | €16,167 | -€24,183 | -59.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.