Dwight 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.
Dwight Seynaeve
Largest movements
- Cash +€8,262
up €8,262 (+97.4%), from €8,483 to €16,745
mainly Net result for the year (+€8,118) and Trade debts (+€3,148)
- Deferred charges and accrued income +€2,059
up €2,059 (+288%), from €714 to €2,773
- Receivables within one year -€1,502
down €1,502 (-10.1%), from €14,867 to €13,365
of which Trade receivables: -€2,097
- Tangible fixed assets -€1,128
down €1,128 (-30.9%), from €3,652 to €2,524
of which Plant, machinery and equipment: -€748
- Reserves +€8,118
up €8,118 (+45.6%), from €17,788 to €25,906
- Tax, wage and social debts -€3,575
down €3,575 (-81.5%), from €4,387 to €812
- Trade debts +€3,148
up €3,148 (+69.3%), from €4,541 to €7,689
- Taxes -€916
down €916 (-20.9%), from €4,387 to €3,470
- Other operating charges +€541
new in 2025: €541
- Gross operating margin -€295
down €295 (-2.0%), from €14,937 to €14,642
- Depreciation +€208
up €208 (+22.6%), from €921 to €1,128
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 | €27,716 | €35,407 | +€7,691 | +27.7% |
| Fixed assets | 21/28 | €3,652 | €2,524 | -€1,128 | -30.9% |
| Tangible fixed assets | 22/27 | €3,652 | €2,524 | -€1,128 | -30.9% |
| Plant, machinery and equipment | 23 | €1,925 | €1,176 | -€748 | -38.9% |
| Furniture and vehicles | 24 | €1,727 | €1,347 | -€380 | -22.0% |
| Current assets | 29/58 | €24,064 | €32,883 | +€8,819 | +36.6% |
| Amounts receivable within one year | 40/41 | €14,867 | €13,365 | -€1,502 | -10.1% |
| Trade receivables | 40 | €7,622 | €5,526 | -€2,097 | -27.5% |
| Other amounts receivable | 41 | €7,245 | €7,840 | +€595 | +8.2% |
| Cash at bank and in hand | 54/58 | €8,483 | €16,745 | +€8,262 | +97.4% |
| Deferred charges and accrued income | 490/1 | €714 | €2,773 | +€2,059 | +288% |
| Total equity and liabilities | 10/49 | €27,716 | €35,407 | +€7,691 | +27.7% |
| Equity | 10/15 | €18,788 | €26,906 | +€8,118 | +43.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €17,788 | €25,906 | +€8,118 | +45.6% |
| Distributable reserves | 133 | €17,788 | €25,906 | +€8,118 | +45.6% |
| Amounts payable | 17/49 | €8,928 | €8,501 | -€427 | -4.8% |
| Amounts payable within one year | 42/48 | €8,928 | €8,501 | -€427 | -4.8% |
| Trade debts | 44 | €4,541 | €7,689 | +€3,148 | +69.3% |
| Suppliers | 440/4 | €4,541 | €7,689 | +€3,148 | +69.3% |
| Taxes, remuneration and social security | 45 | €4,387 | €812 | -€3,575 | -81.5% |
| Taxes | 450/3 | €4,387 | €812 | -€3,575 | -81.5% |
| Remuneration, social security and pensions | 62 | €1,525 | €1,489 | -€36 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €921 | €1,128 | +€208 | +22.6% |
| Other operating charges | 640/8 | - | €541 | +€541 | |
| Gross operating margin | 9900 | €14,937 | €14,642 | -€295 | -2.0% |
| Operating profit (loss) | 9901 | €12,492 | €11,483 | -€1,008 | -8.1% |
| Financial income | 75/76B | €370 | €356 | -€14 | -3.8% |
| Recurring financial income | 75 | €370 | €356 | -€14 | -3.8% |
| Financial charges | 65/66B | €281 | €251 | -€29 | -10.5% |
| Recurring financial charges | 65 | €281 | €251 | -€29 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €12,581 | €11,588 | -€993 | -7.9% |
| Income taxes | 67/77 | €4,387 | €3,470 | -€916 | -20.9% |
| Profit (loss) for the period | 9904 | €8,195 | €8,118 | -€77 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,195 | €8,118 | -€77 | -0.9% |
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 22 October 2026 via checked.be.