SEVO: 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.
SEVO
Largest movements
- Receivables within one year -€85,094
no longer reported in 2025 (was €85,094)
- Debts after one year -€125,000
down €125,000 (-13.9%), from €900,000 to €775,000
- Other debts +€56,945
up €56,945 (+24.9%), from €228,550 to €285,495
- Profit (loss) carried forward -€22,330
down €22,330 (-5.8%), from -€386,955 to -€409,285
- Financial charges -€15,737
down €15,737 (-53.1%), from €29,658 to €13,921
- Other operating charges -€4,623
down €4,623 (-100.0%), from €4,623 to €0
- Gross operating margin +€26
up €26 (+1.2%), from -€2,131 to -€2,105
- Taxes -€25
down €25 (-17.2%), from €145 to €120
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 | €851,146 | €761,854 | -€89,292 | -10.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €167,889 | €161,704 | -€6,184 | -3.7% |
| Tangible fixed assets | 22/27 | €167,889 | €161,704 | -€6,184 | -3.7% |
| Land and buildings | 22 | €167,889 | €161,704 | -€6,184 | -3.7% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €683,258 | €600,150 | -€83,108 | -12.2% |
| Stocks and contracts in progress | 3 | €597,369 | €598,095 | +€726 | +0.1% |
| Stocks | 30/36 | €597,369 | €598,095 | +€726 | +0.1% |
| Amounts receivable within one year | 40/41 | €85,094 | - | -€85,094 | |
| Trade receivables | 40 | €85,094 | - | -€85,094 | |
| Cash at bank and in hand | 54/58 | €795 | €2,055 | +€1,260 | +158.6% |
| Total equity and liabilities | 10/49 | €851,146 | €761,854 | -€89,292 | -10.5% |
| Equity | 10/15 | -€278,841 | -€301,171 | -€22,330 | -8.0% |
| Contributions | 10/11 | €88,031 | €88,031 | = | 0.0% |
| Revaluation surpluses | 12 | €10,040 | €10,040 | = | 0.0% |
| Reserves | 13 | €10,043 | €10,043 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,043 | €10,043 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,043 | €10,043 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€386,955 | -€409,285 | -€22,330 | -5.8% |
| Amounts payable | 17/49 | €1,129,987 | €1,063,025 | -€66,962 | -5.9% |
| Amounts payable after more than one year | 17 | €900,000 | €775,000 | -€125,000 | -13.9% |
| Financial debts | 170/4 | €900,000 | €775,000 | -€125,000 | -13.9% |
| Amounts payable within one year | 42/48 | €229,987 | €288,025 | +€58,038 | +25.2% |
| Trade debts | 44 | €1,336 | €2,373 | +€1,037 | +77.6% |
| Suppliers | 440/4 | €1,336 | €2,373 | +€1,037 | +77.6% |
| Taxes, remuneration and social security | 45 | €101 | €157 | +€57 | +56.0% |
| Taxes | 450/3 | €101 | €157 | +€57 | +56.0% |
| Other amounts payable | 47/48 | €228,550 | €285,495 | +€56,945 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,184 | €6,184 | = | 0.0% |
| Other operating charges | 640/8 | €4,623 | €0 | -€4,623 | -100.0% |
| Gross operating margin | 9900 | -€2,131 | -€2,105 | +€26 | +1.2% |
| Operating profit (loss) | 9901 | -€12,938 | -€8,289 | +€4,649 | +35.9% |
| Financial charges | 65/66B | €29,658 | €13,921 | -€15,737 | -53.1% |
| Recurring financial charges | 65 | €29,658 | €13,921 | -€15,737 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | -€42,596 | -€22,210 | +€20,386 | +47.9% |
| Income taxes | 67/77 | €145 | €120 | -€25 | -17.2% |
| Profit (loss) for the period | 9904 | -€42,741 | -€22,330 | +€20,411 | +47.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,741 | -€22,330 | +€20,411 | +47.8% |
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.