ERNST SEEMANN: 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.
ERNST SEEMANN
Largest movements
- Receivables within one year +€27,480
up €27,480 (+95.5%), from €28,789 to €56,269
of which Other amounts receivable: +€26,312
- Intangible fixed assets -€3,750
down €3,750 (-50.0%), from €7,500 to €3,750
- Deferred charges and accrued income -€1,443
down €1,443 (-66.3%), from €2,177 to €735
- Other debts +€20,000
new in 2025: €20,000
- Tax, wage and social debts +€8,570
up €8,570 (+82.4%), from €10,406 to €18,977
of which Taxes: +€4,646
- Profit (loss) carried forward -€5,841
down €5,841 (-56.0%), from €10,431 to €4,591
- Short-term financial debts +€3,763
up €3,763 (+1,440%), from €261 to €4,025
- Trade debts -€2,159
down €2,159 (-18.4%), from €11,745 to €9,586
- Taxes +€5,669
up €5,669 (+187%), from €3,028 to €8,697
- Gross operating margin +€2,835
up €2,835 (+10.2%), from €27,890 to €30,724
- Financial charges -€2,254
down €2,254 (-56.3%), from €4,002 to €1,748
- Other operating charges -€723
down €723 (-23.4%), from €3,094 to €2,370
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,466 | €60,754 | +€22,287 | +57.9% |
| Fixed assets | 21/28 | €7,500 | €3,750 | -€3,750 | -50.0% |
| Intangible fixed assets | 21 | €7,500 | €3,750 | -€3,750 | -50.0% |
| Current assets | 29/58 | €30,966 | €57,004 | +€26,037 | +84.1% |
| Amounts receivable within one year | 40/41 | €28,789 | €56,269 | +€27,480 | +95.5% |
| Trade receivables | 40 | €11,680 | €12,848 | +€1,168 | +10.0% |
| Other amounts receivable | 41 | €17,109 | €43,421 | +€26,312 | +154% |
| Deferred charges and accrued income | 490/1 | €2,177 | €735 | -€1,443 | -66.3% |
| Total equity and liabilities | 10/49 | €38,466 | €60,754 | +€22,287 | +57.9% |
| Equity | 10/15 | €13,431 | €7,591 | -€5,841 | -43.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,431 | €4,591 | -€5,841 | -56.0% |
| Amounts payable | 17/49 | €25,035 | €53,163 | +€28,128 | +112% |
| Amounts payable within one year | 42/48 | €22,413 | €52,587 | +€30,174 | +135% |
| Financial debts | 43 | €261 | €4,025 | +€3,763 | +1,440% |
| Credit institutions | 430/8 | €261 | €4,025 | +€3,763 | +1,440% |
| Trade debts | 44 | €11,745 | €9,586 | -€2,159 | -18.4% |
| Suppliers | 440/4 | €11,745 | €9,586 | -€2,159 | -18.4% |
| Taxes, remuneration and social security | 45 | €10,406 | €18,977 | +€8,570 | +82.4% |
| Taxes | 450/3 | €10,406 | €15,053 | +€4,646 | +44.6% |
| Remuneration and social security | 454/9 | - | €3,924 | +€3,924 | |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €2,622 | €576 | -€2,046 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,750 | €3,750 | = | 0.0% |
| Other operating charges | 640/8 | €3,094 | €2,370 | -€723 | -23.4% |
| Gross operating margin | 9900 | €27,890 | €30,724 | +€2,835 | +10.2% |
| Operating profit (loss) | 9901 | €21,046 | €24,604 | +€3,558 | +16.9% |
| Financial charges | 65/66B | €4,002 | €1,748 | -€2,254 | -56.3% |
| Recurring financial charges | 65 | €4,002 | €1,748 | -€2,254 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | €17,044 | €22,856 | +€5,812 | +34.1% |
| Income taxes | 67/77 | €3,028 | €8,697 | +€5,669 | +187% |
| Profit (loss) for the period | 9904 | €14,016 | €14,159 | +€143 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,016 | €14,159 | +€143 | +1.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.