SEVVA: 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.
SEVVA
Largest movements
- Cash -€58,868
down €58,868 (-50.5%), from €116,505 to €57,638
mainly Trade debts (-€71,722) and Receivables within one year (-€41,848)
- Stocks and contracts -€49,600
down €49,600 (-23.8%), from €208,778 to €159,177
- Receivables within one year +€41,848
up €41,848 (+24.2%), from €173,045 to €214,893
of which Trade receivables: +€43,021
- Trade debts -€71,722
down €71,722 (-79.6%), from €90,153 to €18,431
- Tax, wage and social debts +€28,452
up €28,452 (+499.5%), from €5,696 to €34,148
of which Taxes: +€30,952
- Profit (loss) carried forward -€22,775
down €22,775 (-19.8%), from -€114,806 to -€137,581
- Gross operating margin +€94,373
up €94,373 (+85.2%), from -€110,718 to -€16,346
- Financial charges +€3,435
up €3,435 (+265.4%), from €1,294 to €4,729
- Other operating charges -€3,067
down €3,067 (-75.1%), from €4,086 to €1,018
- Financial income -€2,246
no longer reported in 2025 (was €2,246)
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 | €500,148 | €434,642 | -€65,506 | -13.1% |
| Fixed assets | 21/28 | - | €1,196 | +€1,196 | |
| Tangible fixed assets | 22/27 | - | €1,196 | +€1,196 | |
| Plant, machinery and equipment | 23 | - | €1,196 | +€1,196 | |
| Current assets | 29/58 | €500,148 | €433,446 | -€66,702 | -13.3% |
| Stocks and contracts in progress | 3 | €208,778 | €159,177 | -€49,600 | -23.8% |
| Stocks | 30/36 | €208,778 | €159,177 | -€49,600 | -23.8% |
| Amounts receivable within one year | 40/41 | €173,045 | €214,893 | +€41,848 | +24.2% |
| Trade receivables | 40 | €171,872 | €214,893 | +€43,021 | +25.0% |
| Other amounts receivable | 41 | €1,173 | - | -€1,173 | |
| Cash at bank and in hand | 54/58 | €116,505 | €57,638 | -€58,868 | -50.5% |
| Deferred charges and accrued income | 490/1 | €1,820 | €1,738 | -€82 | -4.5% |
| Total equity and liabilities | 10/49 | €500,148 | €434,642 | -€65,506 | -13.1% |
| Equity | 10/15 | €159,448 | €136,673 | -€22,775 | -14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €255,654 | €255,654 | = | 0.0% |
| Distributable reserves | 133 | €255,654 | €255,654 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,806 | -€137,581 | -€22,775 | -19.8% |
| Amounts payable | 17/49 | €340,700 | €297,969 | -€42,731 | -12.5% |
| Amounts payable within one year | 42/48 | €340,700 | €297,969 | -€42,731 | -12.5% |
| Trade debts | 44 | €90,153 | €18,431 | -€71,722 | -79.6% |
| Suppliers | 440/4 | €90,153 | €18,431 | -€71,722 | -79.6% |
| Taxes, remuneration and social security | 45 | €5,696 | €34,148 | +€28,452 | +499.5% |
| Taxes | 450/3 | €3,196 | €34,148 | +€30,952 | +968.5% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €244,851 | €245,390 | +€540 | +0.2% |
| Remuneration, social security and pensions | 62 | €687 | - | -€687 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €184 | +€184 | |
| Other operating charges | 640/8 | €4,086 | €1,018 | -€3,067 | -75.1% |
| Gross operating margin | 9900 | -€110,718 | -€16,346 | +€94,373 | +85.2% |
| Operating profit (loss) | 9901 | -€115,490 | -€17,548 | +€97,942 | +84.8% |
| Financial income | 75/76B | €2,246 | - | -€2,246 | |
| Recurring financial income | 75 | €2,246 | - | -€2,246 | |
| Financial charges | 65/66B | €1,294 | €4,729 | +€3,435 | +265.4% |
| Recurring financial charges | 65 | €1,294 | €4,729 | +€3,435 | +265.4% |
| Profit (loss) for the period before taxes | 9903 | -€114,539 | -€22,277 | +€92,262 | +80.6% |
| Income taxes | 67/77 | €267 | €498 | +€231 | +86.2% |
| Profit (loss) for the period | 9904 | -€114,806 | -€22,775 | +€92,031 | +80.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€114,806 | -€22,775 | +€92,031 | +80.2% |
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 6 October 2026 via checked.be.