LE SEVAN: what changed
LE SEVAN
Largest movements
- Receivables within one year -€149,077
down €149,077 (-99.6%), from €149,672 to €594
- Cash +€143,674
up €143,674 (+45.8%), from €313,467 to €457,141
mainly Receivables within one year (+€149,077) and Contributions, distributions and other (+€2,039)
- Profit (loss) carried forward -€6,063
down €6,063 (-37.9%), from €16,007 to €9,944
- Taxes -€136,312
no longer reported in 2025 (was €136,312)
- Gross operating margin -€6,201
down €6,201 (-7,992%), from -€78 to -€6,279
- Financial income -€3,105
no longer reported in 2025 (was €3,105)
- Other operating charges -€1,417
down €1,417 (-78.5%), from €1,805 to €387
- Staff costs -€793
no longer reported in 2025 (was €793)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €464,101 | €457,926 | -€6,175 | -1.3% |
| Fixed assets | 21/28 | €963 | €191 | -€772 | -80.2% |
| Tangible fixed assets | 22/27 | €963 | €191 | -€772 | -80.2% |
| Furniture and vehicles | 24 | €963 | €191 | -€772 | -80.2% |
| Current assets | 29/58 | €463,138 | €457,735 | -€5,403 | -1.2% |
| Amounts receivable within one year | 40/41 | €149,672 | €594 | -€149,077 | -99.6% |
| Other amounts receivable | 41 | €149,672 | €594 | -€149,077 | -99.6% |
| Cash at bank and in hand | 54/58 | €313,467 | €457,141 | +€143,674 | +45.8% |
| Total equity and liabilities | 10/49 | €464,101 | €457,926 | -€6,175 | -1.3% |
| Equity | 10/15 | €407,539 | €401,476 | -€6,063 | -1.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €372,940 | €372,940 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €371,081 | €371,081 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,007 | €9,944 | -€6,063 | -37.9% |
| Amounts payable | 17/49 | €56,562 | €56,450 | -€112 | -0.2% |
| Amounts payable within one year | 42/48 | €56,562 | €56,450 | -€112 | -0.2% |
| Trade debts | 44 | €475 | €363 | -€112 | -23.6% |
| Suppliers | 440/4 | €475 | €363 | -€112 | -23.6% |
| Other amounts payable | 47/48 | €56,087 | €56,087 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €793 | - | -€793 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €772 | €772 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,805 | €387 | -€1,417 | -78.5% |
| Gross operating margin | 9900 | -€78 | -€6,279 | -€6,201 | -7,992% |
| Operating profit (loss) | 9901 | -€3,448 | -€7,439 | -€3,991 | -116% |
| Financial income | 75/76B | €3,105 | - | -€3,105 | |
| Recurring financial income | 75 | €3,105 | - | -€3,105 | |
| Financial charges | 65/66B | €995 | €663 | -€332 | -33.4% |
| Recurring financial charges | 65 | €995 | €663 | -€332 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,337 | -€8,102 | -€6,765 | -506% |
| Income taxes | 67/77 | €136,312 | - | -€136,312 | |
| Profit (loss) for the period | 9904 | -€137,649 | -€8,102 | +€129,547 | +94.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€137,649 | -€8,102 | +€129,547 | +94.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.