SEVKOK: 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.
SEVKOK
Largest movements
- Cash -€346,430
down €346,430 (-39.4%), from €879,844 to €533,414
mainly Trade debts (-€740,152) and Receivables within one year (-€257,056)
- Receivables within one year +€257,056
up €257,056 (+2211.6%), from €11,623 to €268,679
of which Other amounts receivable: +€202,323
- Other debts +€745,136
up €745,136 (+106448.1%), from €700 to €745,836
- Trade debts -€740,152
down €740,152 (-92.2%), from €802,953 to €62,801
- Profit (loss) carried forward -€147,976
down €147,976, from €39,220 to -€108,756
- Advances received +€58,136
new in 2025: €58,136
- Gross operating margin -€589,206
down €589,206 (-56.3%), from €1.0m to €457,563
- Staff costs -€435,273
down €435,273 (-45.2%), from €963,450 to €528,177
- Financial charges -€11,637
down €11,637 (-35.4%), from €32,830 to €21,193
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 | €901,727 | €816,665 | -€85,062 | -9.4% |
| Fixed assets | 21/28 | €8,654 | €10,775 | +€2,120 | +24.5% |
| Tangible fixed assets | 22/27 | €8,095 | €10,215 | +€2,120 | +26.2% |
| Plant, machinery and equipment | 23 | €8,095 | €9,250 | +€1,155 | +14.3% |
| Furniture and vehicles | 24 | - | €965 | +€965 | |
| Financial fixed assets | 28 | €560 | €560 | = | 0.0% |
| Current assets | 29/58 | €893,073 | €805,890 | -€87,183 | -9.8% |
| Amounts receivable within one year | 40/41 | €11,623 | €268,679 | +€257,056 | +2211.6% |
| Trade receivables | 40 | €50 | €54,782 | +€54,732 | +109464.3% |
| Other amounts receivable | 41 | €11,573 | €213,896 | +€202,323 | +1748.2% |
| Cash at bank and in hand | 54/58 | €879,844 | €533,414 | -€346,430 | -39.4% |
| Deferred charges and accrued income | 490/1 | €1,605 | €3,797 | +€2,192 | +136.5% |
| Total equity and liabilities | 10/49 | €901,727 | €816,665 | -€85,062 | -9.4% |
| Equity | 10/15 | €40,220 | -€107,756 | -€147,976 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,220 | -€108,756 | -€147,976 | |
| Amounts payable | 17/49 | €861,507 | €924,421 | +€62,914 | +7.3% |
| Amounts payable within one year | 42/48 | €861,507 | €924,421 | +€62,914 | +7.3% |
| Trade debts | 44 | €802,953 | €62,801 | -€740,152 | -92.2% |
| Suppliers | 440/4 | €802,953 | €62,801 | -€740,152 | -92.2% |
| Advances received on contracts in progress | 46 | - | €58,136 | +€58,136 | |
| Taxes, remuneration and social security | 45 | €57,854 | €57,647 | -€207 | -0.4% |
| Taxes | 450/3 | €12,174 | - | -€12,174 | |
| Remuneration and social security | 454/9 | €45,680 | €57,647 | +€11,967 | +26.2% |
| Other amounts payable | 47/48 | €700 | €745,836 | +€745,136 | +106448.1% |
| Remuneration, social security and pensions | 62 | €963,450 | €528,177 | -€435,273 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €426 | €2,290 | +€1,864 | +437.5% |
| Other operating charges | 640/8 | €10,931 | €6,255 | -€4,677 | -42.8% |
| Gross operating margin | 9900 | €1,046,769 | €457,563 | -€589,206 | -56.3% |
| Operating profit (loss) | 9901 | €71,961 | -€79,159 | -€151,120 | |
| Financial income | 75/76B | €89 | - | -€89 | |
| Recurring financial income | 75 | €89 | - | -€89 | |
| Financial charges | 65/66B | €32,830 | €21,193 | -€11,637 | -35.4% |
| Recurring financial charges | 65 | €32,830 | €21,193 | -€11,637 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €39,220 | -€100,352 | -€139,573 | |
| Profit (loss) for the period | 9904 | €39,220 | -€100,352 | -€139,573 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,220 | -€100,352 | -€139,573 |
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 11 October 2026 via checked.be.