SEVIDOC: 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.
SEVIDOC
Largest movements
- Intangible fixed assets -€40,000
down €40,000 (-28.6%), from €139,836 to €99,836
- Deferred charges and accrued income -€13,227
down €13,227 (-59.5%), from €22,218 to €8,991
- Debts after one year -€33,267
down €33,267 (-8.4%), from €393,826 to €360,558
- Tax, wage and social debts -€8,376
down €8,376 (-47.3%), from €17,689 to €9,313
of which Taxes: -€6,577
- Profit (loss) carried forward -€6,957
down €6,957 (-11.3%), from €61,688 to €54,730
- Gross operating margin -€7,849
down €7,849 (-6.9%), from €114,374 to €106,526
- Taxes -€2,469
down €2,469 (-90.2%), from €2,736 to €267
- Staff costs +€2,386
up €2,386 (+6.7%), from €35,687 to €38,073
- Depreciation +€1,519
up €1,519 (+2.4%), from €62,582 to €64,102
- Financial charges -€1,177
down €1,177 (-12.1%), from €9,722 to €8,545
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 | €535,057 | €485,869 | -€49,188 | -9.2% |
| Fixed assets | 21/28 | €507,107 | €467,237 | -€39,870 | -7.9% |
| Intangible fixed assets | 21 | €139,836 | €99,836 | -€40,000 | -28.6% |
| Tangible fixed assets | 22/27 | €367,067 | €367,197 | +€130 | 0.0% |
| Land and buildings | 22 | €232,000 | €232,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €134,553 | €120,893 | -€13,660 | -10.2% |
| Furniture and vehicles | 24 | €514 | €14,304 | +€13,791 | +2685.1% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €27,950 | €18,632 | -€9,318 | -33.3% |
| Amounts receivable within one year | 40/41 | €3,246 | €2,813 | -€433 | -13.3% |
| Trade receivables | 40 | €3,246 | - | -€3,246 | |
| Other amounts receivable | 41 | - | €2,813 | +€2,813 | |
| Cash at bank and in hand | 54/58 | €2,486 | €6,829 | +€4,342 | +174.6% |
| Deferred charges and accrued income | 490/1 | €22,218 | €8,991 | -€13,227 | -59.5% |
| Total equity and liabilities | 10/49 | €535,057 | €485,869 | -€49,188 | -9.2% |
| Equity | 10/15 | €69,688 | €62,730 | -€6,957 | -10.0% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,688 | €54,730 | -€6,957 | -11.3% |
| Amounts payable | 17/49 | €465,370 | €423,139 | -€42,230 | -9.1% |
| Amounts payable after more than one year | 17 | €393,826 | €360,558 | -€33,267 | -8.4% |
| Financial debts | 170/4 | €393,826 | €360,558 | -€33,267 | -8.4% |
| Amounts payable within one year | 42/48 | €71,544 | €62,549 | -€8,995 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €46,360 | €47,058 | +€698 | +1.5% |
| Trade debts | 44 | €7,419 | €6,017 | -€1,402 | -18.9% |
| Suppliers | 440/4 | €7,419 | €6,017 | -€1,402 | -18.9% |
| Taxes, remuneration and social security | 45 | €17,689 | €9,313 | -€8,376 | -47.3% |
| Taxes | 450/3 | €6,827 | €250 | -€6,577 | -96.3% |
| Remuneration and social security | 454/9 | €10,862 | €9,064 | -€1,798 | -16.6% |
| Other amounts payable | 47/48 | €76 | €161 | +€85 | +111.4% |
| Accrued charges and deferred income | 492/3 | - | €32 | +€32 | |
| Non-recurring operating income | 76A | €345 | - | -€345 | |
| Remuneration, social security and pensions | 62 | €35,687 | €38,073 | +€2,386 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,582 | €64,102 | +€1,519 | +2.4% |
| Other operating charges | 640/8 | €1,336 | €1,737 | +€402 | +30.1% |
| Gross operating margin | 9900 | €114,374 | €106,526 | -€7,849 | -6.9% |
| Operating profit (loss) | 9901 | €14,769 | €2,613 | -€12,156 | -82.3% |
| Financial income | 75/76B | €2 | €74 | +€72 | +3624.0% |
| Recurring financial income | 75 | €2 | €74 | +€72 | +3624.0% |
| Financial charges | 65/66B | €9,722 | €8,545 | -€1,177 | -12.1% |
| Recurring financial charges | 65 | €9,722 | €8,545 | -€1,177 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €5,049 | -€5,857 | -€10,906 | |
| Income taxes | 67/77 | €2,736 | €267 | -€2,469 | -90.2% |
| Profit (loss) for the period | 9904 | €2,313 | -€6,124 | -€8,437 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,313 | -€6,124 | -€8,437 |
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 29 September 2026 via checked.be.