Het Seizoen: 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.
Het Seizoen
Largest movements
- Receivables within one year +€34,957
up €34,957 (+105%), from €33,317 to €68,274
of which Other amounts receivable: +€20,250
- Tangible fixed assets -€24,063
down €24,063 (-23.0%), from €104,762 to €80,700
- Stocks and contracts +€7,816
up €7,816 (+23.1%), from €33,848 to €41,664
- Debts after one year -€39,348
down €39,348 (-30.1%), from €130,767 to €91,419
- Profit (loss) carried forward +€20,725
up €20,725 (+85.2%), from -€24,316 to -€3,590
- Short-term financial debts +€17,352
up €17,352 (+434%), from €4,002 to €21,353
- Trade debts +€10,102
up €10,102 (+20.4%), from €49,444 to €59,546
- Other debts +€6,717
new in 2025: €6,717
- Gross operating margin +€59,786
up €59,786 (+36.4%), from €164,407 to €224,193
- Staff costs +€34,050
up €34,050 (+26.7%), from €127,466 to €161,516
- Depreciation +€4,306
up €4,306 (+16.5%), from €26,039 to €30,346
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 | €190,474 | €209,594 | +€19,121 | +10.0% |
| Fixed assets | 21/28 | €106,262 | €82,200 | -€24,063 | -22.6% |
| Tangible fixed assets | 22/27 | €104,762 | €80,700 | -€24,063 | -23.0% |
| Plant, machinery and equipment | 23 | €40,356 | €28,328 | -€12,028 | -29.8% |
| Furniture and vehicles | 24 | €21,891 | €11,532 | -€10,359 | -47.3% |
| Other tangible fixed assets | 26 | €42,515 | €40,840 | -€1,675 | -3.9% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €84,211 | €127,395 | +€43,183 | +51.3% |
| Stocks and contracts in progress | 3 | €33,848 | €41,664 | +€7,816 | +23.1% |
| Stocks | 30/36 | €33,848 | €41,664 | +€7,816 | +23.1% |
| Amounts receivable within one year | 40/41 | €33,317 | €68,274 | +€34,957 | +105% |
| Trade receivables | 40 | €33,317 | €48,024 | +€14,707 | +44.1% |
| Other amounts receivable | 41 | - | €20,250 | +€20,250 | |
| Cash at bank and in hand | 54/58 | €15,948 | €17,010 | +€1,062 | +6.7% |
| Deferred charges and accrued income | 490/1 | €1,098 | €446 | -€651 | -59.4% |
| Total equity and liabilities | 10/49 | €190,474 | €209,594 | +€19,121 | +10.0% |
| Equity | 10/15 | -€22,316 | -€1,590 | +€20,725 | +92.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,316 | -€3,590 | +€20,725 | +85.2% |
| Amounts payable | 17/49 | €212,790 | €211,185 | -€1,605 | -0.8% |
| Amounts payable after more than one year | 17 | €130,767 | €91,419 | -€39,348 | -30.1% |
| Financial debts | 170/4 | €130,767 | €91,419 | -€39,348 | -30.1% |
| Amounts payable within one year | 42/48 | €82,023 | €119,766 | +€37,743 | +46.0% |
| Current portion of amounts payable after more than one year | 42 | €11,031 | €11,348 | +€316 | +2.9% |
| Financial debts | 43 | €4,002 | €21,353 | +€17,352 | +434% |
| Credit institutions | 430/8 | €4,002 | €21,353 | +€17,352 | +434% |
| Trade debts | 44 | €49,444 | €59,546 | +€10,102 | +20.4% |
| Suppliers | 440/4 | €49,444 | €59,546 | +€10,102 | +20.4% |
| Taxes, remuneration and social security | 45 | €17,546 | €20,802 | +€3,256 | +18.6% |
| Taxes | 450/3 | €2,922 | €3,468 | +€546 | +18.7% |
| Remuneration and social security | 454/9 | €14,624 | €17,334 | +€2,710 | +18.5% |
| Other amounts payable | 47/48 | - | €6,717 | +€6,717 | |
| Remuneration, social security and pensions | 62 | €127,466 | €161,516 | +€34,050 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,039 | €30,346 | +€4,306 | +16.5% |
| Other operating charges | 640/8 | €1,241 | €2,239 | +€998 | +80.5% |
| Non-recurring operating charges | 66A | - | €4,356 | +€4,356 | |
| Gross operating margin | 9900 | €164,407 | €224,193 | +€59,786 | +36.4% |
| Operating profit (loss) | 9901 | €9,661 | €25,736 | +€16,075 | +166% |
| Financial income | 75/76B | €29 | €20 | -€9 | -30.9% |
| Recurring financial income | 75 | €29 | €20 | -€9 | -30.9% |
| Financial charges | 65/66B | €4,315 | €5,031 | +€716 | +16.6% |
| Recurring financial charges | 65 | €4,315 | €5,031 | +€716 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €5,375 | €20,725 | +€15,350 | +286% |
| Profit (loss) for the period | 9904 | €5,375 | €20,725 | +€15,350 | +286% |
| Profit (loss) for the period to be appropriated | 9905 | €5,375 | €20,725 | +€15,350 | +286% |
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 23 October 2026 via checked.be.