BUSINESS SEED: 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.
BUSINESS SEED
Largest movements
- Cash -€8,715
down €8,715 (-99.7%), from €8,741 to €26
mainly Net result for the year (-€6,902) and Tax, wage and social debts (-€4,728)
- Profit (loss) carried forward -€6,902
down €6,902 (-6.7%), from -€103,365 to -€110,267
- Tax, wage and social debts -€4,728
down €4,728 (-94.4%), from €5,008 to €280
- Advances received -€3,860
no longer reported in 2025 (was €3,860)
- Gross operating margin -€33,811
down €33,811, from €29,893 to -€3,918
- Other operating charges -€1,257
no longer reported in 2025 (was €1,257)
- Depreciation -€583
down €583 (-20.0%), from €2,917 to €2,333
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.
Derived cash bridge
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 | €365,929 | €350,513 | -€15,416 | -4.2% |
| Fixed assets | 21/28 | €226,586 | €224,253 | -€2,333 | -1.0% |
| Tangible fixed assets | 22/27 | €2,333 | - | -€2,333 | |
| Furniture and vehicles | 24 | €2,333 | - | -€2,333 | |
| Financial fixed assets | 28 | €224,253 | €224,253 | = | 0.0% |
| Current assets | 29/58 | €139,343 | €126,260 | -€13,083 | -9.4% |
| Stocks and contracts in progress | 3 | €2,564 | - | -€2,564 | |
| Stocks | 30/36 | €2,564 | - | -€2,564 | |
| Amounts receivable within one year | 40/41 | €127,656 | €126,234 | -€1,422 | -1.1% |
| Trade receivables | 40 | €15,323 | €15,323 | = | 0.0% |
| Other amounts receivable | 41 | €112,333 | €110,911 | -€1,422 | -1.3% |
| Cash at bank and in hand | 54/58 | €8,741 | €26 | -€8,715 | -99.7% |
| Deferred charges and accrued income | 490/1 | €381 | - | -€381 | |
| Total equity and liabilities | 10/49 | €365,929 | €350,513 | -€15,416 | -4.2% |
| Equity | 10/15 | €355,532 | €348,630 | -€6,902 | -1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €452,697 | €452,697 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €450,837 | €450,837 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,365 | -€110,267 | -€6,902 | -6.7% |
| Amounts payable | 17/49 | €10,397 | €1,883 | -€8,514 | -81.9% |
| Amounts payable within one year | 42/48 | €10,397 | €1,883 | -€8,514 | -81.9% |
| Current portion of amounts payable after more than one year | 42 | €1,500 | - | -€1,500 | |
| Financial debts | 43 | - | €206 | +€206 | |
| Credit institutions | 430/8 | - | €206 | +€206 | |
| Trade debts | 44 | €29 | €1,398 | +€1,369 | +4,724% |
| Suppliers | 440/4 | €29 | €1,398 | +€1,369 | +4,724% |
| Advances received on contracts in progress | 46 | €3,860 | - | -€3,860 | |
| Taxes, remuneration and social security | 45 | €5,008 | €280 | -€4,728 | -94.4% |
| Taxes | 450/3 | €5,008 | €280 | -€4,728 | -94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,917 | €2,333 | -€583 | -20.0% |
| Other operating charges | 640/8 | €1,257 | - | -€1,257 | |
| Gross operating margin | 9900 | €29,893 | -€3,918 | -€33,811 | |
| Operating profit (loss) | 9901 | €25,720 | -€6,251 | -€31,970 | |
| Financial income | 75/76B | €11 | €15 | +€4 | +33.4% |
| Recurring financial income | 75 | €11 | €15 | +€4 | +33.4% |
| Financial charges | 65/66B | €631 | €525 | -€106 | -16.8% |
| Recurring financial charges | 65 | €631 | €525 | -€106 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €25,099 | -€6,761 | -€31,861 | |
| Income taxes | 67/77 | €147 | €141 | -€6 | -4.1% |
| Profit (loss) for the period | 9904 | €24,953 | -€6,902 | -€31,855 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,953 | -€6,902 | -€31,855 |
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 26 October 2026 via checked.be.