SEVINWORKZ: 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.
What changed
SEVINWORKZ
NACE 33.170, Repair, maintenance and installation of machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€11,604
2024 · €26,178-€14,574
Equity
€97,117
2024 · €85,513+€11,604
Cash
€16,140
2024 · €13,114+€3,026
Balance sheet total
€587,086
2024 · €608,041-€20,955
Largest movements
Assets
- Stocks and contracts -€23,829
down €23,829 (-37.8%), from €63,079 to €39,250
Equity and liabilities
- Debts after one year -€25,803
down €25,803 (-6.8%), from €378,794 to €352,991
- Reserves +€11,600
up €11,600 (+44.4%), from €26,100 to €37,700
- Current portion of long-term debt -€7,729
down €7,729 (-21.0%), from €36,725 to €28,997
Income statement
- Staff costs +€11,115
up €11,115 (+27.9%), from €39,867 to €50,981
- Gross operating margin -€8,871
down €8,871 (-7.5%), from €118,676 to €109,804
- Taxes -€8,431
down €8,431 (-63.0%), from €13,381 to €4,950
- Financial charges +€1,471
up €1,471 (+13.4%), from €11,000 to €12,471
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.
Result 2024
€26,178
Gross operating margin
-€8,871
Staff costs
-€11,115
Depreciation
-€16
Other operating charges
-€928
Financial income
-€604
Financial charges
-€1,471
Taxes
+€8,431
Result 2025
€11,604
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.
From operations
+€59,068
Investment
-€22,510
Financing
-€33,532
Cash 2024
€13,114
From operations (derived)
+€59,068
Net result for the year
+€11,604
Depreciation
+€24,025
Stocks and contracts
+€23,829
Receivables within one year
-€3,425
Deferred charges and accrued income
+€2,062
Trade debts
+€4,529
Tax, wage and social debts
-€831
Other debts
-€2,726
Investment (derived)
-€22,510
Investment in fixed assets (net)
-€22,510
Financing
-€33,532
Debts after one year
-€25,803
Current portion of long-term debt
-€7,729
Cash 2025
€16,140
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €608,041 | €587,086 | -€20,955 | -3.4% |
| Fixed assets | 21/28 | €516,513 | €514,998 | -€1,515 | -0.3% |
| Tangible fixed assets | 22/27 | €514,938 | €513,423 | -€1,515 | -0.3% |
| Land and buildings | 22 | €340,589 | €330,771 | -€9,818 | -2.9% |
| Plant, machinery and equipment | 23 | €32,870 | €28,037 | -€4,834 | -14.7% |
| Furniture and vehicles | 24 | €2,842 | €2,090 | -€752 | -26.5% |
| Other tangible fixed assets | 26 | €138,637 | €152,525 | +€13,888 | +10.0% |
| Financial fixed assets | 28 | €1,575 | €1,575 | = | 0.0% |
| Current assets | 29/58 | €91,528 | €72,088 | -€19,440 | -21.2% |
| Stocks and contracts in progress | 3 | €63,079 | €39,250 | -€23,829 | -37.8% |
| Stocks | 30/36 | €63,079 | €39,250 | -€23,829 | -37.8% |
| Amounts receivable within one year | 40/41 | €10,793 | €14,218 | +€3,425 | +31.7% |
| Trade receivables | 40 | €4,065 | €890 | -€3,175 | -78.1% |
| Other amounts receivable | 41 | €6,729 | €13,328 | +€6,600 | +98.1% |
| Cash at bank and in hand | 54/58 | €13,114 | €16,140 | +€3,026 | +23.1% |
| Deferred charges and accrued income | 490/1 | €4,542 | €2,480 | -€2,062 | -45.4% |
| Total equity and liabilities | 10/49 | €608,041 | €587,086 | -€20,955 | -3.4% |
| Equity | 10/15 | €85,513 | €97,117 | +€11,604 | +13.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €26,100 | €37,700 | +€11,600 | +44.4% |
| Distributable reserves | 133 | €26,100 | €37,700 | +€11,600 | +44.4% |
| Profit (loss) carried forward | 14 | €40,413 | €40,417 | +€4 | 0.0% |
| Amounts payable | 17/49 | €522,529 | €489,969 | -€32,560 | -6.2% |
| Amounts payable after more than one year | 17 | €378,794 | €352,991 | -€25,803 | -6.8% |
| Financial debts | 170/4 | €378,794 | €352,991 | -€25,803 | -6.8% |
| Amounts payable within one year | 42/48 | €143,734 | €136,978 | -€6,757 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €36,725 | €28,997 | -€7,729 | -21.0% |
| Trade debts | 44 | €14,270 | €18,799 | +€4,529 | +31.7% |
| Suppliers | 440/4 | €14,270 | €18,799 | +€4,529 | +31.7% |
| Taxes, remuneration and social security | 45 | €12,977 | €12,147 | -€831 | -6.4% |
| Taxes | 450/3 | €12,977 | €9,104 | -€3,874 | -29.8% |
| Remuneration and social security | 454/9 | €0 | €3,043 | +€3,043 | |
| Other amounts payable | 47/48 | €79,762 | €77,036 | -€2,726 | -3.4% |
| Remuneration, social security and pensions | 62 | €39,867 | €50,981 | +€11,115 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,009 | €24,025 | +€16 | +0.1% |
| Other operating charges | 640/8 | €4,940 | €5,868 | +€928 | +18.8% |
| Gross operating margin | 9900 | €118,676 | €109,804 | -€8,871 | -7.5% |
| Operating profit (loss) | 9901 | €49,860 | €28,930 | -€20,930 | -42.0% |
| Financial income | 75/76B | €700 | €96 | -€604 | -86.3% |
| Recurring financial income | 75 | €700 | €96 | -€604 | -86.3% |
| Financial charges | 65/66B | €11,000 | €12,471 | +€1,471 | +13.4% |
| Recurring financial charges | 65 | €11,000 | €12,471 | +€1,471 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €39,560 | €16,555 | -€23,005 | -58.2% |
| Income taxes | 67/77 | €13,381 | €4,950 | -€8,431 | -63.0% |
| Profit (loss) for the period | 9904 | €26,178 | €11,604 | -€14,574 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,178 | €11,604 | -€14,574 | -55.7% |
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 4 October 2026 via checked.be.