Seviga: 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.
Seviga
Largest movements
- Cash +€1.3m
up €1.3m (+922%), from €146,268 to €1.5m
mainly Investment in fixed assets (net) (+€795,162) and Net result for the year (+€615,286)
- Tangible fixed assets -€794,073
down €794,073 (-100%), from €794,073 to €0
of which Land and buildings: -€739,499
- Profit (loss) carried forward +€615,286
up €615,286 (+108%), from €571,626 to €1.2m
- Investment grants -€69,454
down €69,454 (-100%), from €69,454 to €0
- Debts within one year -€15,078
down €15,078 (-59.0%), from €25,561 to €10,483
of which Trade debts: -€16,989
- Gross operating margin +€426,636
up €426,636 (+295%), from €144,646 to €571,282
- Staff costs -€189,407
down €189,407 (-100%), from €189,407 to €0
- Depreciation -€114,582
down €114,582 (-100%), from €114,582 to €0
- Financial income +€47,169
up €47,169 (+204%), from €23,080 to €70,249
- Other operating charges +€11,226
up €11,226 (+122%), from €9,174 to €20,401
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 | €962,035 | €1,497,980 | +€535,945 | +55.7% |
| Fixed assets | 21/28 | €795,362 | €200 | -€795,162 | -100.0% |
| Intangible fixed assets | 21 | €1,089 | €0 | -€1,089 | -100% |
| Tangible fixed assets | 22/27 | €794,073 | €0 | -€794,073 | -100% |
| Land and buildings | 22 | €739,499 | €0 | -€739,499 | -100% |
| Plant, machinery and equipment | 23 | €52,192 | €0 | -€52,192 | -100% |
| Furniture and vehicles | 24 | €2,382 | €0 | -€2,382 | -100% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €166,673 | €1,497,780 | +€1.3m | +799% |
| Amounts receivable within one year | 40/41 | €14,731 | €2,700 | -€12,031 | -81.7% |
| Trade receivables | 40 | €11,664 | €2,700 | -€8,964 | -76.9% |
| Other amounts receivable | 41 | €3,067 | €0 | -€3,067 | -100% |
| Cash at bank and in hand | 54/58 | €146,268 | €1,494,804 | +€1.3m | +922% |
| Deferred charges and accrued income | 490/1 | €5,674 | €276 | -€5,398 | -95.1% |
| Total equity and liabilities | 10/49 | €962,035 | €1,497,980 | +€535,945 | +55.7% |
| Equity | 10/15 | €936,474 | €1,482,306 | +€545,832 | +58.3% |
| Contributions | 10/11 | €265,394 | €265,394 | = | 0.0% |
| Capital | 10 | €265,394 | €265,394 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €571,626 | €1,186,912 | +€615,286 | +108% |
| Investment grants | 15 | €69,454 | €0 | -€69,454 | -100% |
| Amounts payable | 17/49 | €25,561 | €15,674 | -€9,887 | -38.7% |
| Amounts payable within one year | 42/48 | €25,561 | €10,483 | -€15,078 | -59.0% |
| Trade debts | 44 | €19,438 | €2,449 | -€16,989 | -87.4% |
| Suppliers | 440/4 | €19,438 | €2,449 | -€16,989 | -87.4% |
| Taxes, remuneration and social security | 45 | €4,523 | €8,034 | +€3,510 | +77.6% |
| Taxes | 450/3 | €4,400 | €8,034 | +€3,634 | +82.6% |
| Remuneration and social security | 454/9 | €123 | €0 | -€123 | -100% |
| Accrued charges and deferred income | 492/3 | - | €5,191 | +€5,191 | |
| Non-recurring operating income | 76A | - | €645,505 | +€645,505 | |
| Remuneration, social security and pensions | 62 | €189,407 | €0 | -€189,407 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,582 | €0 | -€114,582 | -100% |
| Other operating charges | 640/8 | €9,174 | €20,401 | +€11,226 | +122% |
| Non-recurring operating charges | 66A | - | €4,860 | +€4,860 | |
| Gross operating margin | 9900 | €144,646 | €571,282 | +€426,636 | +295% |
| Operating profit (loss) | 9901 | -€168,517 | €546,022 | +€714,539 | |
| Financial income | 75/76B | €23,080 | €70,249 | +€47,169 | +204% |
| Recurring financial income | 75 | €23,080 | €70,249 | +€47,169 | +204% |
| Financial charges | 65/66B | €1,189 | €985 | -€204 | -17.2% |
| Recurring financial charges | 65 | €1,189 | €985 | -€204 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | -€146,626 | €615,286 | +€761,912 | |
| Profit (loss) for the period | 9904 | -€146,626 | €615,286 | +€761,912 | |
| Profit (loss) for the period to be appropriated | 9905 | -€146,626 | €615,286 | +€761,912 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.