DANY SEYNAEVE: 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.
DANY SEYNAEVE
Largest movements
- Cash +€288,356
up €288,356 (+601%), from €47,981 to €336,337
mainly Current investments (+€250,000) and Depreciation (+€26,974)
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Tangible fixed assets -€39,389
down €39,389 (-9.8%), from €401,074 to €361,685
of which Plant, machinery and equipment: -€30,014
- Receivables within one year -€7,392
down €7,392 (-85.8%), from €8,620 to €1,227
of which Trade receivables: -€6,344
- Other debts -€21,759
down €21,759 (-66.5%), from €32,698 to €10,939
- Accrued charges and deferred income +€8,742
up €8,742 (+392%), from €2,231 to €10,973
- Financial charges +€24,683
up €24,683 (+64,515%), from €38 to €24,722
of which Non-recurring financial charges: +€13,695
- Gross operating margin +€22,885
up €22,885 (+73.0%), from €31,330 to €54,215
- Depreciation +€19,064
up €19,064 (+241%), from €7,910 to €26,974
- Other operating charges -€2,089
down €2,089 (-38.0%), from €5,502 to €3,413
- Taxes -€1,842
down €1,842 (-87.9%), from €2,095 to €254
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 | €713,561 | €703,718 | -€9,843 | -1.4% |
| Fixed assets | 21/28 | €401,074 | €361,685 | -€39,389 | -9.8% |
| Tangible fixed assets | 22/27 | €401,074 | €361,685 | -€39,389 | -9.8% |
| Land and buildings | 22 | €150,626 | €147,659 | -€2,967 | -2.0% |
| Plant, machinery and equipment | 23 | €109,675 | €79,662 | -€30,014 | -27.4% |
| Furniture and vehicles | 24 | €16,696 | €10,287 | -€6,409 | -38.4% |
| Other tangible fixed assets | 26 | €124,077 | €124,077 | = | 0.0% |
| Current assets | 29/58 | €312,487 | €342,033 | +€29,546 | +9.5% |
| Amounts receivable within one year | 40/41 | €8,620 | €1,227 | -€7,392 | -85.8% |
| Trade receivables | 40 | €6,724 | €380 | -€6,344 | -94.3% |
| Other amounts receivable | 41 | €1,896 | €847 | -€1,049 | -55.3% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €47,981 | €336,337 | +€288,356 | +601% |
| Deferred charges and accrued income | 490/1 | €5,886 | €4,468 | -€1,417 | -24.1% |
| Total equity and liabilities | 10/49 | €713,561 | €703,718 | -€9,843 | -1.4% |
| Equity | 10/15 | €531,428 | €533,132 | +€1,704 | +0.3% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €480,396 | €482,933 | +€2,537 | +0.5% |
| Non-distributable reserves | 130/1 | €3,800 | €3,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,800 | €3,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €420,346 | €422,883 | +€2,537 | +0.6% |
| Profit (loss) carried forward | 14 | €13,032 | €12,199 | -€833 | -6.4% |
| Amounts payable | 17/49 | €182,133 | €170,586 | -€11,547 | -6.3% |
| Amounts payable after more than one year | 17 | €134,000 | €134,000 | = | 0.0% |
| Other amounts payable | 178/9 | €134,000 | €134,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,902 | €25,613 | -€20,289 | -44.2% |
| Trade debts | 44 | €9,920 | €4,971 | -€4,950 | -49.9% |
| Suppliers | 440/4 | €9,920 | €4,971 | -€4,950 | -49.9% |
| Advances received on contracts in progress | 46 | €3,000 | €5,980 | +€2,980 | +99.3% |
| Taxes, remuneration and social security | 45 | €284 | €3,724 | +€3,440 | +1,213% |
| Taxes | 450/3 | €284 | €3,724 | +€3,440 | +1,213% |
| Other amounts payable | 47/48 | €32,698 | €10,939 | -€21,759 | -66.5% |
| Accrued charges and deferred income | 492/3 | €2,231 | €10,973 | +€8,742 | +392% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,910 | €26,974 | +€19,064 | +241% |
| Other operating charges | 640/8 | €5,502 | €3,413 | -€2,089 | -38.0% |
| Gross operating margin | 9900 | €31,330 | €54,215 | +€22,885 | +73.0% |
| Operating profit (loss) | 9901 | €17,917 | €23,828 | +€5,911 | +33.0% |
| Financial income | 75/76B | €4,873 | €3,684 | -€1,188 | -24.4% |
| Recurring financial income | 75 | €4,873 | €3,684 | -€1,188 | -24.4% |
| Financial charges | 65/66B | €38 | €24,722 | +€24,683 | +64,515% |
| Recurring financial charges | 65 | €38 | €11,027 | +€10,989 | +28,721% |
| Non-recurring financial charges | 66B | - | €13,695 | +€13,695 | |
| Profit (loss) for the period before taxes | 9903 | €22,752 | €2,791 | -€19,961 | -87.7% |
| Income taxes | 67/77 | €2,095 | €254 | -€1,842 | -87.9% |
| Profit (loss) for the period | 9904 | €20,657 | €2,537 | -€18,119 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,657 | €2,537 | -€18,119 | -87.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.