SevIng: 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.
SevIng
Largest movements
- Current investments +€56,015
new in 2025: €56,015
- Cash -€36,397
down €36,397 (-28.0%), from €129,895 to €93,498
mainly Contributions, distributions and other (-€206,723) and Current investments (-€56,015)
- Receivables within one year +€8,455
up €8,455 (+218.2%), from €3,875 to €12,330
of which Other amounts receivable: +€7,196
- Other debts +€184,310
up €184,310 (+208.1%), from €88,557 to €272,867
- Profit (loss) carried forward -€140,084
no longer reported in 2025 (was €140,084)
- Debts after one year -€25,084
down €25,084 (-7.2%), from €347,794 to €322,709
- Tax, wage and social debts +€7,393
up €7,393 (+66.5%), from €11,115 to €18,508
- Gross operating margin +€6,917
up €6,917 (+5.7%), from €121,158 to €128,075
- Financial income +€5,783
up €5,783 (+935.3%), from €618 to €6,401
- Taxes +€2,676
up €2,676 (+12.9%), from €20,696 to €23,372
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 | €643,529 | €665,797 | +€22,268 | +3.5% |
| Fixed assets | 21/28 | €508,455 | €502,197 | -€6,257 | -1.2% |
| Tangible fixed assets | 22/27 | €504,321 | €498,063 | -€6,257 | -1.2% |
| Furniture and vehicles | 24 | €29,906 | €38,349 | +€8,442 | +28.2% |
| Other tangible fixed assets | 26 | €474,414 | €459,714 | -€14,700 | -3.1% |
| Financial fixed assets | 28 | €4,134 | €4,134 | = | 0.0% |
| Current assets | 29/58 | €135,074 | €163,600 | +€28,525 | +21.1% |
| Amounts receivable within one year | 40/41 | €3,875 | €12,330 | +€8,455 | +218.2% |
| Trade receivables | 40 | €2,071 | €3,330 | +€1,259 | +60.8% |
| Other amounts receivable | 41 | €1,804 | €9,000 | +€7,196 | +398.9% |
| Current investments | 50/53 | - | €56,015 | +€56,015 | |
| Cash at bank and in hand | 54/58 | €129,895 | €93,498 | -€36,397 | -28.0% |
| Deferred charges and accrued income | 490/1 | €1,305 | €1,758 | +€452 | +34.7% |
| Total equity and liabilities | 10/49 | €643,529 | €665,797 | +€22,268 | +3.5% |
| Equity | 10/15 | €165,084 | €25,000 | -€140,084 | -84.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,084 | - | -€140,084 | |
| Amounts payable | 17/49 | €478,445 | €640,797 | +€162,352 | +33.9% |
| Amounts payable after more than one year | 17 | €347,794 | €322,709 | -€25,084 | -7.2% |
| Financial debts | 170/4 | €347,794 | €322,709 | -€25,084 | -7.2% |
| Amounts payable within one year | 42/48 | €129,851 | €318,087 | +€188,237 | +145.0% |
| Current portion of amounts payable after more than one year | 42 | €25,719 | €25,084 | -€635 | -2.5% |
| Trade debts | 44 | €4,460 | €1,628 | -€2,832 | -63.5% |
| Suppliers | 440/4 | €4,460 | €1,628 | -€2,832 | -63.5% |
| Taxes, remuneration and social security | 45 | €11,115 | €18,508 | +€7,393 | +66.5% |
| Taxes | 450/3 | €11,115 | €18,508 | +€7,393 | +66.5% |
| Other amounts payable | 47/48 | €88,557 | €272,867 | +€184,310 | +208.1% |
| Accrued charges and deferred income | 492/3 | €800 | - | -€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,462 | €26,671 | +€209 | +0.8% |
| Other operating charges | 640/8 | €4,873 | €5,513 | +€640 | +13.1% |
| Non-recurring operating charges | 66A | - | €1,017 | +€1,017 | |
| Gross operating margin | 9900 | €121,158 | €128,075 | +€6,917 | +5.7% |
| Operating profit (loss) | 9901 | €89,823 | €94,874 | +€5,051 | +5.6% |
| Financial income | 75/76B | €618 | €6,401 | +€5,783 | +935.3% |
| Recurring financial income | 75 | €618 | €6,401 | +€5,783 | +935.3% |
| Financial charges | 65/66B | €10,730 | €11,265 | +€536 | +5.0% |
| Recurring financial charges | 65 | €10,730 | €11,265 | +€536 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €79,712 | €90,011 | +€10,299 | +12.9% |
| Income taxes | 67/77 | €20,696 | €23,372 | +€2,676 | +12.9% |
| Profit (loss) for the period | 9904 | €59,016 | €66,638 | +€7,623 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,016 | €66,638 | +€7,623 | +12.9% |
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 10 October 2026 via checked.be.