SEVIET: 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.
SEVIET
Largest movements
- Cash +€255,268
up €255,268 (+540%), from €47,229 to €302,497
mainly Other debts (+€329,993) and Net result for the year (+€60,752)
- Receivables within one year -€17,095
down €17,095 (-23.2%), from €73,788 to €56,693
of which Trade receivables: -€24,395
- Tangible fixed assets -€14,016
down €14,016 (-67.0%), from €20,909 to €6,893
- Other debts +€329,993
up €329,993 (+969%), from €34,048 to €364,041
- Short-term financial debts -€120,000
down €120,000 (-100%), from €120,000 to €0
- Reserves +€58,552
up €58,552 (+12.6%), from €464,170 to €522,722
of which Distributable reserves: +€60,752
- Debts after one year -€28,956
down €28,956 (-29.1%), from €99,573 to €70,617
- Gross operating margin -€64,742
down €64,742 (-37.2%), from €174,216 to €109,475
- Taxes -€20,811
down €20,811 (-42.7%), from €48,691 to €27,880
- Financial income +€6,293
up €6,293 (+1,998%), from €315 to €6,608
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 | €797,374 | €1,027,821 | +€230,447 | +28.9% |
| Fixed assets | 21/28 | €653,004 | €638,989 | -€14,016 | -2.1% |
| Tangible fixed assets | 22/27 | €20,909 | €6,893 | -€14,016 | -67.0% |
| Furniture and vehicles | 24 | €20,909 | €6,893 | -€14,016 | -67.0% |
| Financial fixed assets | 28 | €632,096 | €632,096 | = | 0.0% |
| Current assets | 29/58 | €144,370 | €388,833 | +€244,463 | +169% |
| Amounts receivable within one year | 40/41 | €73,788 | €56,693 | -€17,095 | -23.2% |
| Trade receivables | 40 | €43,788 | €19,393 | -€24,395 | -55.7% |
| Other amounts receivable | 41 | €30,000 | €37,300 | +€7,300 | +24.3% |
| Current investments | 50/53 | €21,578 | €27,919 | +€6,341 | +29.4% |
| Cash at bank and in hand | 54/58 | €47,229 | €302,497 | +€255,268 | +540% |
| Deferred charges and accrued income | 490/1 | €1,775 | €1,724 | -€51 | -2.9% |
| Total equity and liabilities | 10/49 | €797,374 | €1,027,821 | +€230,447 | +28.9% |
| Equity | 10/15 | €486,170 | €546,922 | +€60,752 | +12.5% |
| Contributions | 10/11 | €22,000 | €24,200 | +€2,200 | +10.0% |
| Reserves | 13 | €464,170 | €522,722 | +€58,552 | +12.6% |
| Non-distributable reserves | 130/1 | €2,200 | €0 | -€2,200 | -100% |
| Reserves not available under the articles | 1311 | €2,200 | €0 | -€2,200 | -100% |
| Distributable reserves | 133 | €461,970 | €522,722 | +€60,752 | +13.2% |
| Amounts payable | 17/49 | €311,205 | €480,899 | +€169,695 | +54.5% |
| Amounts payable after more than one year | 17 | €99,573 | €70,617 | -€28,956 | -29.1% |
| Financial debts | 170/4 | €99,573 | €70,617 | -€28,956 | -29.1% |
| Amounts payable within one year | 42/48 | €210,834 | €410,116 | +€199,283 | +94.5% |
| Current portion of amounts payable after more than one year | 42 | €36,623 | €30,713 | -€5,910 | -16.1% |
| Financial debts | 43 | €120,000 | €0 | -€120,000 | -100% |
| Credit institutions | 430/8 | €120,000 | €0 | -€120,000 | -100% |
| Trade debts | 44 | €1,891 | €7,180 | +€5,289 | +280% |
| Suppliers | 440/4 | €1,891 | €7,180 | +€5,289 | +280% |
| Taxes, remuneration and social security | 45 | €18,272 | €8,182 | -€10,090 | -55.2% |
| Taxes | 450/3 | €18,272 | €8,182 | -€10,090 | -55.2% |
| Other amounts payable | 47/48 | €34,048 | €364,041 | +€329,993 | +969% |
| Accrued charges and deferred income | 492/3 | €798 | €166 | -€633 | -79.3% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,016 | €14,016 | = | 0.0% |
| Other operating charges | 640/8 | €2,425 | €2,737 | +€312 | +12.9% |
| Gross operating margin | 9900 | €174,216 | €109,475 | -€64,742 | -37.2% |
| Operating profit (loss) | 9901 | €157,776 | €92,721 | -€65,054 | -41.2% |
| Financial income | 75/76B | €315 | €6,608 | +€6,293 | +1,998% |
| Recurring financial income | 75 | €315 | €6,608 | +€6,293 | +1,998% |
| Financial charges | 65/66B | €9,887 | €10,696 | +€809 | +8.2% |
| Recurring financial charges | 65 | €9,887 | €10,696 | +€809 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €148,203 | €88,633 | -€59,570 | -40.2% |
| Income taxes | 67/77 | €48,691 | €27,880 | -€20,811 | -42.7% |
| Profit (loss) for the period | 9904 | €99,512 | €60,752 | -€38,760 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,512 | €60,752 | -€38,760 | -38.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.