SEVASA: 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.
SEVASA
Largest movements
- Cash -€7,591
down €7,591 (-14.5%), from €52,479 to €44,887
mainly Other debts (-€53,798) and Receivables within one year (-€7,226)
- Receivables within one year +€7,226
up €7,226 (+28.5%), from €25,319 to €32,545
of which Trade receivables: +€6,534
- Tangible fixed assets -€1,039
down €1,039 (-64.6%), from €1,608 to €569
- Other debts -€53,798
down €53,798 (-94.1%), from €57,172 to €3,374
- Profit (loss) carried forward +€51,524
new in 2025: €51,524
- Gross operating margin -€2,960
down €2,960 (-4.1%), from €71,819 to €68,860
- Taxes -€772
down €772 (-4.8%), from €16,080 to €15,308
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 | €80,379 | €78,866 | -€1,514 | -1.9% |
| Fixed assets | 21/28 | €1,608 | €569 | -€1,039 | -64.6% |
| Tangible fixed assets | 22/27 | €1,608 | €569 | -€1,039 | -64.6% |
| Furniture and vehicles | 24 | €1,608 | €569 | -€1,039 | -64.6% |
| Current assets | 29/58 | €78,771 | €78,296 | -€475 | -0.6% |
| Amounts receivable within one year | 40/41 | €25,319 | €32,545 | +€7,226 | +28.5% |
| Trade receivables | 40 | €25,319 | €31,853 | +€6,534 | +25.8% |
| Other amounts receivable | 41 | - | €692 | +€692 | |
| Cash at bank and in hand | 54/58 | €52,479 | €44,887 | -€7,591 | -14.5% |
| Deferred charges and accrued income | 490/1 | €973 | €864 | -€110 | -11.3% |
| Total equity and liabilities | 10/49 | €80,379 | €78,866 | -€1,514 | -1.9% |
| Equity | 10/15 | €18,550 | €70,074 | +€51,524 | +277.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €51,524 | +€51,524 | |
| Amounts payable | 17/49 | €61,829 | €8,792 | -€53,037 | -85.8% |
| Amounts payable within one year | 42/48 | €61,630 | €8,585 | -€53,045 | -86.1% |
| Financial debts | 43 | €8 | €9 | +€1 | +13.1% |
| Credit institutions | 430/8 | €8 | €9 | +€1 | +13.1% |
| Trade debts | 44 | €735 | €843 | +€107 | +14.6% |
| Suppliers | 440/4 | €735 | €843 | +€107 | +14.6% |
| Taxes, remuneration and social security | 45 | €3,714 | €4,359 | +€644 | +17.4% |
| Taxes | 450/3 | €3,714 | €4,359 | +€644 | +17.4% |
| Other amounts payable | 47/48 | €57,172 | €3,374 | -€53,798 | -94.1% |
| Accrued charges and deferred income | 492/3 | €199 | €207 | +€8 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,306 | €1,039 | -€267 | -20.5% |
| Other operating charges | 640/8 | €713 | €727 | +€14 | +2.0% |
| Gross operating margin | 9900 | €71,819 | €68,860 | -€2,960 | -4.1% |
| Operating profit (loss) | 9901 | €69,800 | €67,094 | -€2,706 | -3.9% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €253 | €263 | +€9 | +3.7% |
| Recurring financial charges | 65 | €253 | €263 | +€9 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €69,556 | €66,831 | -€2,725 | -3.9% |
| Income taxes | 67/77 | €16,080 | €15,308 | -€772 | -4.8% |
| Profit (loss) for the period | 9904 | €53,476 | €51,524 | -€1,953 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,476 | €51,524 | -€1,953 | -3.7% |
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 7 October 2026 via checked.be.