Coach Seppe: 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.
Coach Seppe
Largest movements
- Tangible fixed assets +€3,806
new in 2025: €3,806
of which Furniture and vehicles: +€3,763
- Receivables within one year +€3,067
up €3,067 (+889%), from €345 to €3,412
- Deferred charges and accrued income -€1,337
no longer reported in 2025 (was €1,337)
- Cash -€792
down €792 (-92.5%), from €857 to €65
mainly Net result for the year (-€11,802) and Investment in fixed assets (net) (-€4,350)
- Profit (loss) carried forward -€11,802
down €11,802 (-95.8%), from -€12,323 to -€24,125
- Other debts +€10,411
up €10,411 (+211%), from €4,938 to €15,348
- Trade debts +€4,083
up €4,083 (+101%), from €4,046 to €8,129
- Tax, wage and social debts +€2,053
up €2,053 (+71.3%), from €2,878 to €4,931
of which Remuneration and social security: +€2,213
- Depreciation +€544
new in 2025: €544
- Gross operating margin -€150
down €150 (-1.4%), from -€10,350 to -€10,499
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 | €2,539 | €7,283 | +€4,745 | +187% |
| Fixed assets | 21/28 | - | €3,806 | +€3,806 | |
| Tangible fixed assets | 22/27 | - | €3,806 | +€3,806 | |
| Plant, machinery and equipment | 23 | - | €44 | +€44 | |
| Furniture and vehicles | 24 | - | €3,763 | +€3,763 | |
| Current assets | 29/58 | €2,539 | €3,477 | +€938 | +37.0% |
| Amounts receivable within one year | 40/41 | €345 | €3,412 | +€3,067 | +889% |
| Trade receivables | 40 | €345 | €3,412 | +€3,067 | +889% |
| Cash at bank and in hand | 54/58 | €857 | €65 | -€792 | -92.5% |
| Deferred charges and accrued income | 490/1 | €1,337 | - | -€1,337 | |
| Total equity and liabilities | 10/49 | €2,539 | €7,283 | +€4,745 | +187% |
| Equity | 10/15 | -€9,323 | -€21,125 | -€11,802 | -127% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,323 | -€24,125 | -€11,802 | -95.8% |
| Amounts payable | 17/49 | €11,862 | €28,408 | +€16,547 | +139% |
| Amounts payable within one year | 42/48 | €11,862 | €28,408 | +€16,547 | +139% |
| Trade debts | 44 | €4,046 | €8,129 | +€4,083 | +101% |
| Suppliers | 440/4 | €4,046 | €8,129 | +€4,083 | +101% |
| Taxes, remuneration and social security | 45 | €2,878 | €4,931 | +€2,053 | +71.3% |
| Taxes | 450/3 | €2,878 | €2,718 | -€160 | -5.6% |
| Remuneration and social security | 454/9 | - | €2,213 | +€2,213 | |
| Other amounts payable | 47/48 | €4,938 | €15,348 | +€10,411 | +211% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €544 | +€544 | |
| Other operating charges | 640/8 | €628 | €528 | -€101 | -16.0% |
| Gross operating margin | 9900 | -€10,350 | -€10,499 | -€150 | -1.4% |
| Operating profit (loss) | 9901 | -€10,978 | -€11,571 | -€593 | -5.4% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €56 | €72 | +€15 | +27.0% |
| Recurring financial charges | 65 | €56 | €72 | +€15 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,025 | -€11,642 | -€617 | -5.6% |
| Income taxes | 67/77 | €160 | €160 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€11,185 | -€11,802 | -€617 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,185 | -€11,802 | -€617 | -5.5% |
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 25 October 2026 via checked.be.