SEWECO: 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.
SEWECO
Largest movements
- Financial fixed assets -€23,072
down €23,072 (-47.0%), from €49,067 to €25,995
- Cash +€18,007
up €18,007 (+218.5%), from €8,243 to €26,250
mainly Investment in fixed assets (net) (+€22,023) and Other debts (+€13,795)
- Tangible fixed assets -€8,612
down €8,612 (-3.4%), from €253,868 to €245,256
of which Land and buildings: -€8,502
- Debts after one year -€18,296
down €18,296 (-22.4%), from €81,714 to €63,418
- Other debts +€13,795
up €13,795 (+20.1%), from €68,527 to €82,323
- Reserves -€9,601
down €9,601 (-7.4%), from €130,020 to €120,418
- Gross operating margin -€2,081
down €2,081 (-29.7%), from €7,004 to €4,924
- Financial charges -€310
down €310 (-14.6%), from €2,128 to €1,818
- Depreciation +€105
up €105 (+1.1%), from €9,556 to €9,661
- Other operating charges +€101
up €101 (+3.4%), from €2,988 to €3,089
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 | €311,640 | €297,624 | -€14,016 | -4.5% |
| Fixed assets | 21/28 | €302,935 | €271,251 | -€31,684 | -10.5% |
| Tangible fixed assets | 22/27 | €253,868 | €245,256 | -€8,612 | -3.4% |
| Land and buildings | 22 | €248,598 | €240,096 | -€8,502 | -3.4% |
| Furniture and vehicles | 24 | €4,598 | €4,824 | +€226 | +4.9% |
| Other tangible fixed assets | 26 | €673 | €337 | -€337 | -50.0% |
| Financial fixed assets | 28 | €49,067 | €25,995 | -€23,072 | -47.0% |
| Current assets | 29/58 | €8,705 | €26,373 | +€17,668 | +203.0% |
| Amounts receivable within one year | 40/41 | €462 | €13 | -€449 | -97.2% |
| Trade receivables | 40 | €462 | €0 | -€462 | -100.0% |
| Other amounts receivable | 41 | - | €13 | +€13 | |
| Cash at bank and in hand | 54/58 | €8,243 | €26,250 | +€18,007 | +218.5% |
| Deferred charges and accrued income | 490/1 | - | €110 | +€110 | |
| Total equity and liabilities | 10/49 | €311,640 | €297,624 | -€14,016 | -4.5% |
| Equity | 10/15 | €142,420 | €132,818 | -€9,601 | -6.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €130,020 | €120,418 | -€9,601 | -7.4% |
| Distributable reserves | 133 | €130,020 | €120,418 | -€9,601 | -7.4% |
| Amounts payable | 17/49 | €169,220 | €164,805 | -€4,415 | -2.6% |
| Amounts payable after more than one year | 17 | €81,714 | €63,418 | -€18,296 | -22.4% |
| Financial debts | 170/4 | €81,714 | €63,418 | -€18,296 | -22.4% |
| Amounts payable within one year | 42/48 | €87,507 | €101,387 | +€13,881 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €17,970 | €18,296 | +€326 | +1.8% |
| Trade debts | 44 | €1,010 | €769 | -€241 | -23.8% |
| Suppliers | 440/4 | €1,010 | €769 | -€241 | -23.8% |
| Other amounts payable | 47/48 | €68,527 | €82,323 | +€13,795 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,556 | €9,661 | +€105 | +1.1% |
| Other operating charges | 640/8 | €2,988 | €3,089 | +€101 | +3.4% |
| Gross operating margin | 9900 | €7,004 | €4,924 | -€2,081 | -29.7% |
| Operating profit (loss) | 9901 | -€5,540 | -€7,826 | -€2,287 | -41.3% |
| Financial income | 75/76B | €17 | €43 | +€26 | +150.6% |
| Recurring financial income | 75 | €17 | €43 | +€26 | +150.6% |
| Financial charges | 65/66B | €2,128 | €1,818 | -€310 | -14.6% |
| Recurring financial charges | 65 | €2,128 | €1,818 | -€310 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,650 | -€9,601 | -€1,951 | -25.5% |
| Income taxes | 67/77 | €5 | €0 | -€5 | -100.0% |
| Profit (loss) for the period | 9904 | -€7,656 | -€9,601 | -€1,946 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,656 | -€9,601 | -€1,946 | -25.4% |
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.