SEVIK TWINS: 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.
SEVIK TWINS
Largest movements
- Cash +€15,670
up €15,670 (+36.4%), from €43,035 to €58,704
mainly Debts after one year (+€33,553) and Depreciation (+€24,997)
- Tangible fixed assets -€12,395
down €12,395 (-11.0%), from €112,385 to €99,990
of which Furniture and vehicles: -€16,193
- Intangible fixed assets -€4,500
no longer reported in 2025 (was €4,500)
- Deferred charges and accrued income -€2,659
down €2,659 (-44.4%), from €5,988 to €3,328
- Trade debts -€36,326
down €36,326 (-89.7%), from €40,491 to €4,165
- Debts after one year +€33,553
up €33,553 (+62.7%), from €53,540 to €87,093
- Other debts -€10,524
down €10,524 (-97.6%), from €10,778 to €255
- Profit (loss) carried forward +€6,645
up €6,645 (+7.9%), from €84,490 to €91,135
- Advances received +€4,048
up €4,048 (+110%), from €3,679 to €7,727
- Gross operating margin -€13,843
down €13,843 (-18.6%), from €74,531 to €60,688
- Other operating charges -€5,611
down €5,611 (-56.2%), from €9,981 to €4,370
- Staff costs +€2,298
up €2,298 (+19.3%), from €11,883 to €14,182
- Depreciation +€1,968
up €1,968 (+8.5%), from €23,030 to €24,997
- Taxes +€1,448
up €1,448 (+574%), from €252 to €1,700
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 | €229,691 | €228,043 | -€1,648 | -0.7% |
| Fixed assets | 21/28 | €126,665 | €109,770 | -€16,895 | -13.3% |
| Intangible fixed assets | 21 | €4,500 | - | -€4,500 | |
| Tangible fixed assets | 22/27 | €112,385 | €99,990 | -€12,395 | -11.0% |
| Plant, machinery and equipment | 23 | €7,564 | €5,312 | -€2,252 | -29.8% |
| Furniture and vehicles | 24 | €98,309 | €82,116 | -€16,193 | -16.5% |
| Other tangible fixed assets | 26 | €6,512 | €12,562 | +€6,050 | +92.9% |
| Financial fixed assets | 28 | €9,780 | €9,780 | = | 0.0% |
| Current assets | 29/58 | €103,026 | €118,273 | +€15,247 | +14.8% |
| Stocks and contracts in progress | 3 | €39,125 | €40,351 | +€1,225 | +3.1% |
| Stocks | 30/36 | €39,125 | €40,351 | +€1,225 | +3.1% |
| Amounts receivable within one year | 40/41 | €14,879 | €15,891 | +€1,012 | +6.8% |
| Trade receivables | 40 | - | €3,322 | +€3,322 | |
| Other amounts receivable | 41 | €14,879 | €12,568 | -€2,311 | -15.5% |
| Cash at bank and in hand | 54/58 | €43,035 | €58,704 | +€15,670 | +36.4% |
| Deferred charges and accrued income | 490/1 | €5,988 | €3,328 | -€2,659 | -44.4% |
| Total equity and liabilities | 10/49 | €229,691 | €228,043 | -€1,648 | -0.7% |
| Equity | 10/15 | €103,090 | €109,735 | +€6,645 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,490 | €91,135 | +€6,645 | +7.9% |
| Amounts payable | 17/49 | €126,602 | €118,308 | -€8,293 | -6.6% |
| Amounts payable after more than one year | 17 | €53,540 | €87,093 | +€33,553 | +62.7% |
| Financial debts | 170/4 | €53,540 | €87,093 | +€33,553 | +62.7% |
| Amounts payable within one year | 42/48 | €73,062 | €31,216 | -€41,847 | -57.3% |
| Current portion of amounts payable after more than one year | 42 | €17,066 | €18,447 | +€1,380 | +8.1% |
| Trade debts | 44 | €40,491 | €4,165 | -€36,326 | -89.7% |
| Suppliers | 440/4 | €40,491 | €4,165 | -€36,326 | -89.7% |
| Advances received on contracts in progress | 46 | €3,679 | €7,727 | +€4,048 | +110% |
| Taxes, remuneration and social security | 45 | €1,047 | €622 | -€424 | -40.5% |
| Taxes | 450/3 | €411 | €411 | = | 0.0% |
| Remuneration and social security | 454/9 | €636 | €212 | -€424 | -66.7% |
| Other amounts payable | 47/48 | €10,778 | €255 | -€10,524 | -97.6% |
| Remuneration, social security and pensions | 62 | €11,883 | €14,182 | +€2,298 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,030 | €24,997 | +€1,968 | +8.5% |
| Other operating charges | 640/8 | €9,981 | €4,370 | -€5,611 | -56.2% |
| Gross operating margin | 9900 | €74,531 | €60,688 | -€13,843 | -18.6% |
| Operating profit (loss) | 9901 | €29,637 | €17,139 | -€12,498 | -42.2% |
| Financial income | 75/76B | €213 | - | -€213 | |
| Recurring financial income | 75 | €213 | - | -€213 | |
| Financial charges | 65/66B | €8,793 | €8,794 | +€1 | 0.0% |
| Recurring financial charges | 65 | €8,793 | €8,794 | +€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €21,057 | €8,345 | -€12,712 | -60.4% |
| Income taxes | 67/77 | €252 | €1,700 | +€1,448 | +574% |
| Profit (loss) for the period | 9904 | €20,805 | €6,645 | -€14,159 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,805 | €6,645 | -€14,159 | -68.1% |
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 17 October 2026 via checked.be.