SEVO-DESIGN: 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.
SEVO-DESIGN
Largest movements
- Receivables within one year -€50,595
down €50,595 (-99.6%), from €50,805 to €210
- Tangible fixed assets -€27,211
down €27,211 (-20.9%), from €130,287 to €103,076
of which Land and buildings: -€20,898
- Cash -€4,808
down €4,808 (-9.0%), from €53,581 to €48,773
mainly Other debts (-€42,484) and Current portion of long-term debt (-€19,363)
- Other debts -€42,484
down €42,484 (-64.5%), from €65,912 to €23,429
- Current portion of long-term debt -€19,363
no longer reported in 2025 (was €19,363)
- Reserves -€12,446
down €12,446 (-10.5%), from €118,152 to €105,706
of which Distributable reserves: -€12,446
- Debts after one year -€8,204
no longer reported in 2025 (was €8,204)
- Gross operating margin +€8,437
up €8,437 (+96.2%), from €8,768 to €17,205
- Financial charges -€2,117
down €2,117 (-73.2%), from €2,892 to €775
- Depreciation +€639
up €639 (+2.4%), from €26,572 to €27,211
- Other operating charges +€472
up €472 (+39.6%), from €1,193 to €1,664
- Financial income -€317
no longer reported in 2025 (was €317)
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 | €235,989 | €153,495 | -€82,494 | -35.0% |
| Fixed assets | 21/28 | €130,362 | €103,151 | -€27,211 | -20.9% |
| Tangible fixed assets | 22/27 | €130,287 | €103,076 | -€27,211 | -20.9% |
| Land and buildings | 22 | €105,373 | €84,475 | -€20,898 | -19.8% |
| Plant, machinery and equipment | 23 | €24,802 | €18,601 | -€6,200 | -25.0% |
| Furniture and vehicles | 24 | €113 | - | -€113 | |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €105,627 | €50,344 | -€55,283 | -52.3% |
| Amounts receivable within one year | 40/41 | €50,805 | €210 | -€50,595 | -99.6% |
| Other amounts receivable | 41 | €50,805 | €210 | -€50,595 | -99.6% |
| Cash at bank and in hand | 54/58 | €53,581 | €48,773 | -€4,808 | -9.0% |
| Deferred charges and accrued income | 490/1 | €1,241 | €1,361 | +€120 | +9.7% |
| Total equity and liabilities | 10/49 | €235,989 | €153,495 | -€82,494 | -35.0% |
| Equity | 10/15 | €136,752 | €124,306 | -€12,446 | -9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,152 | €105,706 | -€12,446 | -10.5% |
| Tax-exempt reserves | 132 | €3,670 | €3,670 | = | 0.0% |
| Distributable reserves | 133 | €114,482 | €102,036 | -€12,446 | -10.9% |
| Amounts payable | 17/49 | €99,237 | €29,189 | -€70,048 | -70.6% |
| Amounts payable after more than one year | 17 | €8,204 | - | -€8,204 | |
| Financial debts | 170/4 | €8,204 | - | -€8,204 | |
| Amounts payable within one year | 42/48 | €91,033 | €29,189 | -€61,844 | -67.9% |
| Current portion of amounts payable after more than one year | 42 | €19,363 | - | -€19,363 | |
| Trade debts | 44 | €5,758 | €5,761 | +€3 | +0.1% |
| Suppliers | 440/4 | €5,758 | €5,761 | +€3 | +0.1% |
| Other amounts payable | 47/48 | €65,912 | €23,429 | -€42,484 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,572 | €27,211 | +€639 | +2.4% |
| Other operating charges | 640/8 | €1,193 | €1,664 | +€472 | +39.6% |
| Gross operating margin | 9900 | €8,768 | €17,205 | +€8,437 | +96.2% |
| Operating profit (loss) | 9901 | -€18,996 | -€11,670 | +€7,325 | +38.6% |
| Financial income | 75/76B | €317 | - | -€317 | |
| Recurring financial income | 75 | €317 | - | -€317 | |
| Financial charges | 65/66B | €2,892 | €775 | -€2,117 | -73.2% |
| Recurring financial charges | 65 | €2,892 | €775 | -€2,117 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,571 | -€12,446 | +€9,125 | +42.3% |
| Profit (loss) for the period | 9904 | -€21,571 | -€12,446 | +€9,125 | +42.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,571 | -€12,446 | +€9,125 | +42.3% |
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 1 October 2026 via checked.be.