SEVIM PROJECT: 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.
SEVIM PROJECT
Largest movements
- Receivables within one year +€15,138
up €15,138 (+22.5%), from €67,374 to €82,513
of which Other amounts receivable: +€14,703
- Cash +€10,950
up €10,950 (+48.8%), from €22,428 to €33,378
mainly Net result for the year (+€13,148) and Other debts (+€7,498)
- Tangible fixed assets -€3,822
down €3,822 (-56.2%), from €6,803 to €2,981
- Profit (loss) carried forward +€13,148
up €13,148 (+31.9%), from €41,177 to €54,325
- Other debts +€7,498
up €7,498 (+37.0%), from €20,286 to €27,783
- Gross operating margin -€13,614
down €13,614 (-34.2%), from €39,824 to €26,211
- Taxes -€3,089
down €3,089 (-33.7%), from €9,160 to €6,072
- Depreciation +€559
up €559 (+10.7%), from €5,246 to €5,805
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 | €99,510 | €122,062 | +€22,552 | +22.7% |
| Fixed assets | 21/28 | €6,803 | €2,981 | -€3,822 | -56.2% |
| Tangible fixed assets | 22/27 | €6,803 | €2,981 | -€3,822 | -56.2% |
| Furniture and vehicles | 24 | €6,803 | €2,981 | -€3,822 | -56.2% |
| Current assets | 29/58 | €92,707 | €119,081 | +€26,374 | +28.4% |
| Amounts receivable within one year | 40/41 | €67,374 | €82,513 | +€15,138 | +22.5% |
| Trade receivables | 40 | €4,096 | €4,531 | +€436 | +10.6% |
| Other amounts receivable | 41 | €63,278 | €77,981 | +€14,703 | +23.2% |
| Cash at bank and in hand | 54/58 | €22,428 | €33,378 | +€10,950 | +48.8% |
| Deferred charges and accrued income | 490/1 | €2,905 | €3,190 | +€286 | +9.8% |
| Total equity and liabilities | 10/49 | €99,510 | €122,062 | +€22,552 | +22.7% |
| Equity | 10/15 | €61,637 | €74,785 | +€13,148 | +21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,177 | €54,325 | +€13,148 | +31.9% |
| Amounts payable | 17/49 | €37,873 | €47,276 | +€9,403 | +24.8% |
| Amounts payable within one year | 42/48 | €37,873 | €47,276 | +€9,403 | +24.8% |
| Trade debts | 44 | €1,573 | €2,721 | +€1,148 | +73.0% |
| Suppliers | 440/4 | €1,573 | €2,721 | +€1,148 | +73.0% |
| Taxes, remuneration and social security | 45 | €16,014 | €16,772 | +€757 | +4.7% |
| Taxes | 450/3 | €16,014 | €16,772 | +€757 | +4.7% |
| Other amounts payable | 47/48 | €20,286 | €27,783 | +€7,498 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,246 | €5,805 | +€559 | +10.7% |
| Other operating charges | 640/8 | €1,296 | €1,126 | -€171 | -13.2% |
| Gross operating margin | 9900 | €39,824 | €26,211 | -€13,614 | -34.2% |
| Operating profit (loss) | 9901 | €33,282 | €19,280 | -€14,002 | -42.1% |
| Financial income | 75/76B | €0 | €17 | +€17 | +82,900% |
| Recurring financial income | 75 | €0 | €17 | +€17 | +82,900% |
| Financial charges | 65/66B | €85 | €77 | -€8 | -9.1% |
| Recurring financial charges | 65 | €85 | €77 | -€8 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €33,198 | €19,220 | -€13,978 | -42.1% |
| Income taxes | 67/77 | €9,160 | €6,072 | -€3,089 | -33.7% |
| Profit (loss) for the period | 9904 | €24,037 | €13,148 | -€10,889 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,037 | €13,148 | -€10,889 | -45.3% |
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 13 October 2026 via checked.be.