VAN SEVEREN: 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.
What changed
VAN SEVEREN
NACE 43.410, Roofing work
financial year 2025 compared with 2024not consecutivefiled annual accounts (NBB)
Net result for the year
€1.7m
2024 · €408,238+€1.3m
Equity
€4.4m
2024 · €2.7m+€1.7m
Cash
€2.8m
2024 · €415,675+€2.4m
Balance sheet total
€7.9m
2024 · €6.0m+€1.9m
Largest movements
Assets
- Cash +€2.4m
up €2.4m (+584%), from €415,675 to €2.8m
- Receivables within one year -€279,088
down €279,088 (-7.2%), from €3.9m to €3.6m
of which Trade receivables: -€395,448
- Tangible fixed assets -€218,852
down €218,852 (-28.3%), from €773,068 to €554,217
of which Leasing and similar rights: -€214,187
Equity and liabilities
- Reserves +€1.7m
up €1.7m (+67.0%), from €2.5m to €4.1m
of which Distributable reserves: +€1.7m
- Trade debts +€510,098
up €510,098 (+40.3%), from €1.3m to €1.8m
- Debts after one year -€300,365
down €300,365 (-38.8%), from €774,400 to €474,035
of which Financial debts: -€300,365
- Advances received +€213,051
new in 2025: €213,051
- Tax, wage and social debts -€120,383
down €120,383 (-33.4%), from €360,082 to €239,699
of which Remuneration and social security: -€151,941
Income statement
- Turnover +€11.5m
up €11.5m (+70.8%), from €16.3m to €27.8m
- Goods and materials +€8.1m
up €8.1m (+78.6%), from €10.3m to €18.3m
of which Purchases: +€7.9m
- Staff costs +€1.0m
up €1.0m (+29.8%), from €3.4m to €4.4m
- Services and other goods +€842,379
up €842,379 (+45.9%), from €1.8m to €2.7m
- Taxes +€423,089
up €423,089 (+286%), from €147,825 to €570,914
of which Taxes: +€423,089
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.
Result 2024
€408,238
Turnover
+€11.5m
Other operating income
+€51,533
Goods and materials
-€8.1m
Services and other goods
-€842,379
Staff costs
-€1.0m
Depreciation
-€31,245
Write-downs
-€2,291
Provisions
-€5,000
Other operating charges
+€12,376
Financial income
+€80,805
Financial charges
-€38,114
Taxes
-€423,089
Result 2025
€1.7m
raises the resultlowers the result
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,006,188 | €7,912,552 | +€1.9m | +31.7% |
| Fixed assets | 21/28 | €998,562 | €780,879 | -€217,683 | -21.8% |
| Intangible fixed assets | 21 | €54,294 | €51,093 | -€3,201 | -5.9% |
| Tangible fixed assets | 22/27 | €773,068 | €554,217 | -€218,852 | -28.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €139,012 | €104,296 | -€34,716 | -25.0% |
| Furniture and vehicles | 24 | €95,533 | €135,975 | +€40,443 | +42.3% |
| Leasing and similar rights | 25 | €511,899 | €297,712 | -€214,187 | -41.8% |
| Other tangible fixed assets | 26 | €26,625 | €16,233 | -€10,392 | -39.0% |
| Financial fixed assets | 28 | €171,200 | €175,570 | +€4,370 | +2.6% |
| Other financial fixed assets | 284/8 | €171,200 | €175,570 | +€4,370 | +2.6% |
| Shares | 284 | €15,550 | €15,950 | +€400 | +2.6% |
| Amounts receivable and cash guarantees | 285/8 | €155,650 | €159,620 | +€3,970 | +2.6% |
| Current assets | 29/58 | €5,007,626 | €7,131,673 | +€2.1m | +42.4% |
| Stocks and contracts in progress | 3 | €683,894 | €637,079 | -€46,815 | -6.8% |
| Stocks | 30/36 | €683,894 | €637,079 | -€46,815 | -6.8% |
| Goods purchased for resale | 34 | €683,894 | €637,079 | -€46,815 | -6.8% |
| Amounts receivable within one year | 40/41 | €3,867,489 | €3,588,401 | -€279,088 | -7.2% |
| Trade receivables | 40 | €3,528,437 | €3,132,989 | -€395,448 | -11.2% |
| Other amounts receivable | 41 | €339,053 | €455,412 | +€116,360 | +34.3% |
| Cash at bank and in hand | 54/58 | €415,675 | €2,843,106 | +€2.4m | +584% |
| Deferred charges and accrued income | 490/1 | €40,568 | €63,086 | +€22,518 | +55.5% |
| Total equity and liabilities | 10/49 | €6,006,188 | €7,912,552 | +€1.9m | +31.7% |
| Equity | 10/15 | €2,738,832 | €4,401,032 | +€1.7m | +60.7% |
| Contributions | 10/11 | €258,791 | €258,791 | = | 0.0% |
| Capital | 10 | €258,791 | €258,791 | = | 0.0% |
| Issued capital | 100 | €258,791 | €258,791 | = | 0.0% |
| Reserves | 13 | €2,480,040 | €4,142,240 | +€1.7m | +67.0% |
| Non-distributable reserves | 130/1 | €25,879 | €25,879 | = | 0.0% |
| Legal reserve | 130 | €25,879 | €25,879 | = | 0.0% |
| Tax-exempt reserves | 132 | €392,753 | €392,753 | = | 0.0% |
| Distributable reserves | 133 | €2,061,408 | €3,723,609 | +€1.7m | +80.6% |
| Provisions and deferred taxes | 16 | €20,000 | €20,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €20,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €3,247,357 | €3,491,520 | +€244,163 | +7.5% |
| Amounts payable after more than one year | 17 | €774,400 | €474,035 | -€300,365 | -38.8% |
| Financial debts | 170/4 | €774,400 | €474,035 | -€300,365 | -38.8% |
| Leasing and similar obligations | 172 | €343,656 | €164,154 | -€179,502 | -52.2% |
| Credit institutions | 173 | €73,601 | €24,167 | -€49,434 | -67.2% |
| Other loans | 174 | €357,143 | €285,714 | -€71,429 | -20.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,423,416 | €2,943,803 | +€520,386 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €269,501 | €235,435 | -€34,067 | -12.6% |
| Financial debts | 43 | €0 | €69,155 | +€69,155 | |
| Credit institutions | 430/8 | €0 | €69,155 | +€69,155 | |
| Trade debts | 44 | €1,265,399 | €1,775,497 | +€510,098 | +40.3% |
| Suppliers | 440/4 | €1,265,399 | €1,775,497 | +€510,098 | +40.3% |
| Advances received on contracts in progress | 46 | - | €213,051 | +€213,051 | |
| Taxes, remuneration and social security | 45 | €360,082 | €239,699 | -€120,383 | -33.4% |
| Taxes | 450/3 | €14,881 | €46,439 | +€31,558 | +212% |
| Remuneration and social security | 454/9 | €345,201 | €193,260 | -€151,941 | -44.0% |
| Other amounts payable | 47/48 | €528,434 | €410,965 | -€117,468 | -22.2% |
| Accrued charges and deferred income | 492/3 | €49,541 | €73,682 | +€24,142 | +48.7% |
| Operating income | 70/76A | €16,404,497 | €27,981,530 | +€11.6m | +70.6% |
| Turnover | 70 | €16,284,943 | €27,810,443 | +€11.5m | +70.8% |
| Other operating income | 74 | €119,554 | €171,087 | +€51,533 | +43.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €15,900,164 | €25,842,837 | +€9.9m | +62.5% |
| Goods for resale, raw materials and consumables | 60 | €10,274,570 | €18,348,068 | +€8.1m | +78.6% |
| Purchases | 600/8 | €10,429,771 | €18,301,253 | +€7.9m | +75.5% |
| Change in stocks: decrease (increase) | 609 | -€155,201 | €46,815 | +€202,016 | |
| Services and other goods | 61 | €1,834,425 | €2,676,804 | +€842,379 | +45.9% |
| Remuneration, social security and pensions | 62 | €3,358,499 | €4,359,135 | +€1.0m | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €361,793 | €393,039 | +€31,245 | +8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €35,806 | €38,097 | +€2,291 | +6.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,000 | €0 | +€5,000 | |
| Other operating charges | 640/8 | €40,071 | €27,695 | -€12,376 | -30.9% |
| Operating profit (loss) | 9901 | €504,333 | €2,138,693 | +€1.6m | +324% |
| Financial income | 75/76B | €127,856 | €208,662 | +€80,805 | +63.2% |
| Recurring financial income | 75 | €127,856 | €208,662 | +€80,805 | +63.2% |
| Income from financial fixed assets | 750 | €15,223 | €16,868 | +€1,645 | +10.8% |
| Income from current assets | 751 | - | €1,557 | +€1,557 | |
| Other financial income | 752/9 | €112,633 | €190,237 | +€77,604 | +68.9% |
| Financial charges | 65/66B | €76,126 | €114,240 | +€38,114 | +50.1% |
| Recurring financial charges | 65 | €76,126 | €114,240 | +€38,114 | +50.1% |
| Debt charges | 650 | €56,631 | €66,434 | +€9,803 | +17.3% |
| Other financial charges | 652/9 | €19,495 | €47,806 | +€28,311 | +145% |
| Profit (loss) for the period before taxes | 9903 | €556,063 | €2,233,115 | +€1.7m | +302% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €147,825 | €570,914 | +€423,089 | +286% |
| Taxes | 670/3 | €147,825 | €570,914 | +€423,089 | +286% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €408,238 | €1,662,200 | +€1.3m | +307% |
| Transfer from tax-exempt reserves | 789 | €317,681 | €0 | -€317,681 | -100% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €725,919 | €1,662,200 | +€936,281 | +129% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.