SEVICO: 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.
SEVICO
Largest movements
- Current investments +€75,750
new in 2024: €75,750
- Cash -€65,551
down €65,551 (-51.8%), from €126,553 to €61,003
mainly Current investments (-€75,750) and Tax, wage and social debts (-€25,373)
- Deferred charges and accrued income -€9,359
down €9,359 (-57.6%), from €16,237 to €6,878
- Reserves +€30,573
up €30,573 (+5.0%), from €605,601 to €636,174
of which Distributable reserves: +€30,573
- Tax, wage and social debts -€25,373
down €25,373 (-85.0%), from €29,860 to €4,487
- Gross operating margin -€38,399
down €38,399 (-44.0%), from €87,289 to €48,889
- Taxes -€12,602
down €12,602 (-41.3%), from €30,528 to €17,926
- Financial income -€6,656
down €6,656 (-75.0%), from €8,878 to €2,222
- Financial charges -€1,368
down €1,368 (-79.8%), from €1,715 to €347
- Depreciation -€1,227
down €1,227 (-37.0%), from €3,315 to €2,087
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 | €649,181 | €651,904 | +€2,723 | +0.4% |
| Fixed assets | 21/28 | €1,601 | €2,672 | +€1,070 | +66.9% |
| Tangible fixed assets | 22/27 | €1,601 | €2,672 | +€1,070 | +66.9% |
| Plant, machinery and equipment | 23 | €773 | €2,627 | +€1,854 | +240% |
| Furniture and vehicles | 24 | €828 | €45 | -€784 | -94.6% |
| Current assets | 29/58 | €647,580 | €649,233 | +€1,652 | +0.3% |
| Amounts receivable within one year | 40/41 | €504,790 | €505,602 | +€812 | +0.2% |
| Trade receivables | 40 | €259,186 | €245,124 | -€14,062 | -5.4% |
| Other amounts receivable | 41 | €245,604 | €260,477 | +€14,873 | +6.1% |
| Current investments | 50/53 | - | €75,750 | +€75,750 | |
| Cash at bank and in hand | 54/58 | €126,553 | €61,003 | -€65,551 | -51.8% |
| Deferred charges and accrued income | 490/1 | €16,237 | €6,878 | -€9,359 | -57.6% |
| Total equity and liabilities | 10/49 | €649,181 | €651,904 | +€2,723 | +0.4% |
| Equity | 10/15 | €611,901 | €642,474 | +€30,573 | +5.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €605,601 | €636,174 | +€30,573 | +5.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €603,741 | €634,314 | +€30,573 | +5.1% |
| Amounts payable | 17/49 | €37,280 | €9,430 | -€27,850 | -74.7% |
| Amounts payable within one year | 42/48 | €37,280 | €9,161 | -€28,119 | -75.4% |
| Current portion of amounts payable after more than one year | 42 | €1,181 | - | -€1,181 | |
| Trade debts | 44 | €6,239 | €4,674 | -€1,565 | -25.1% |
| Suppliers | 440/4 | €6,239 | €4,674 | -€1,565 | -25.1% |
| Taxes, remuneration and social security | 45 | €29,860 | €4,487 | -€25,373 | -85.0% |
| Taxes | 450/3 | €29,860 | €4,487 | -€25,373 | -85.0% |
| Accrued charges and deferred income | 492/3 | - | €269 | +€269 | |
| Non-recurring operating income | 76A | - | €2,257 | +€2,257 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,315 | €2,087 | -€1,227 | -37.0% |
| Other operating charges | 640/8 | €202 | €178 | -€24 | -11.9% |
| Gross operating margin | 9900 | €87,289 | €48,889 | -€38,399 | -44.0% |
| Operating profit (loss) | 9901 | €83,772 | €46,624 | -€37,148 | -44.3% |
| Financial income | 75/76B | €8,878 | €2,222 | -€6,656 | -75.0% |
| Recurring financial income | 75 | €8,878 | €2,222 | -€6,656 | -75.0% |
| Financial charges | 65/66B | €1,715 | €347 | -€1,368 | -79.8% |
| Recurring financial charges | 65 | €1,715 | €347 | -€1,368 | -79.8% |
| Profit (loss) for the period before taxes | 9903 | €90,934 | €48,499 | -€42,436 | -46.7% |
| Income taxes | 67/77 | €30,528 | €17,926 | -€12,602 | -41.3% |
| Profit (loss) for the period | 9904 | €60,406 | €30,573 | -€29,833 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,406 | €30,573 | -€29,833 | -49.4% |
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 14 October 2026 via checked.be.