SEVIMM: 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.
SEVIMM
Largest movements
- Cash -€58,468
down €58,468 (-78.6%), from €74,376 to €15,908
mainly Trade debts (-€71,331) and Tax, wage and social debts (-€41,513)
- Receivables within one year +€32,974
up €32,974 (+115.8%), from €28,484 to €61,458
of which Trade receivables: +€45,004
- Tangible fixed assets +€6,944
up €6,944 (+14.9%), from €46,523 to €53,466
- Deferred charges and accrued income +€5,856
up €5,856 (+1543.2%), from €380 to €6,236
- Other debts +€94,787
new in 2025: €94,787
- Trade debts -€71,331
down €71,331 (-94.1%), from €75,843 to €4,512
- Tax, wage and social debts -€41,513
down €41,513 (-79.2%), from €52,386 to €10,873
of which Remuneration and social security: -€28,167
- Profit (loss) carried forward +€5,364
up €5,364 (+8.0%), from -€67,168 to -€61,804
- Gross operating margin +€59,586
up €59,586, from -€2,077 to €57,509
- Staff costs -€31,871
down €31,871 (-46.9%), from €67,902 to €36,031
- Depreciation +€9,732
up €9,732 (+254.3%), from €3,827 to €13,559
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 | €149,761 | €137,068 | -€12,694 | -8.5% |
| Fixed assets | 21/28 | €46,523 | €53,466 | +€6,944 | +14.9% |
| Tangible fixed assets | 22/27 | €46,523 | €53,466 | +€6,944 | +14.9% |
| Furniture and vehicles | 24 | €46,523 | €53,466 | +€6,944 | +14.9% |
| Current assets | 29/58 | €103,239 | €83,601 | -€19,637 | -19.0% |
| Amounts receivable within one year | 40/41 | €28,484 | €61,458 | +€32,974 | +115.8% |
| Trade receivables | 40 | €16,443 | €61,447 | +€45,004 | +273.7% |
| Other amounts receivable | 41 | €12,041 | €11 | -€12,030 | -99.9% |
| Cash at bank and in hand | 54/58 | €74,376 | €15,908 | -€58,468 | -78.6% |
| Deferred charges and accrued income | 490/1 | €380 | €6,236 | +€5,856 | +1543.2% |
| Total equity and liabilities | 10/49 | €149,761 | €137,068 | -€12,694 | -8.5% |
| Equity | 10/15 | €21,532 | €26,896 | +€5,364 | +24.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €68,700 | €68,700 | = | 0.0% |
| Distributable reserves | 133 | €68,700 | €68,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,168 | -€61,804 | +€5,364 | +8.0% |
| Amounts payable | 17/49 | €128,229 | €110,172 | -€18,057 | -14.1% |
| Amounts payable within one year | 42/48 | €128,229 | €110,172 | -€18,057 | -14.1% |
| Trade debts | 44 | €75,843 | €4,512 | -€71,331 | -94.1% |
| Suppliers | 440/4 | €75,843 | €4,512 | -€71,331 | -94.1% |
| Taxes, remuneration and social security | 45 | €52,386 | €10,873 | -€41,513 | -79.2% |
| Taxes | 450/3 | €18,220 | €4,873 | -€13,346 | -73.3% |
| Remuneration and social security | 454/9 | €34,167 | €6,000 | -€28,167 | -82.4% |
| Other amounts payable | 47/48 | - | €94,787 | +€94,787 | |
| Remuneration, social security and pensions | 62 | €67,902 | €36,031 | -€31,871 | -46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,827 | €13,559 | +€9,732 | +254.3% |
| Other operating charges | 640/8 | €847 | €791 | -€57 | -6.7% |
| Gross operating margin | 9900 | -€2,077 | €57,509 | +€59,586 | |
| Operating profit (loss) | 9901 | -€74,654 | €7,128 | +€81,781 | |
| Financial charges | 65/66B | €1,929 | €1,692 | -€237 | -12.3% |
| Recurring financial charges | 65 | €1,929 | €1,692 | -€237 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€76,583 | €5,436 | +€82,019 | |
| Income taxes | 67/77 | €40 | €72 | +€33 | +82.3% |
| Profit (loss) for the period | 9904 | -€76,622 | €5,364 | +€81,986 | |
| Profit (loss) for the period to be appropriated | 9905 | -€76,622 | €5,364 | +€81,986 |
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 5 October 2026 via checked.be.