HET SEIZOENSHOF: 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 SEIZOENSHOF
Largest movements
- Tangible fixed assets +€20,739
up €20,739 (+100%), from €20,733 to €41,472
of which Plant, machinery and equipment: +€19,821
- Cash +€19,664
up €19,664 (+189%), from €10,414 to €30,077
mainly Net result for the year (+€27,599) and Trade debts (+€8,051)
- Intangible fixed assets +€2,599
new in 2025: €2,599
- Receivables within one year +€2,117
up €2,117 (+58.6%), from €3,613 to €5,730
of which Other amounts receivable: +€1,687
- Profit (loss) carried forward +€21,599
up €21,599 (+73.8%), from -€29,253 to -€7,654
- Trade debts +€8,051
up €8,051 (+226%), from €3,561 to €11,612
- Debts after one year +€7,676
up €7,676 (+20.6%), from €37,250 to €44,926
- Other debts +€6,000
up €6,000 (+48.2%), from €12,443 to €18,443
- Tax, wage and social debts +€1,045
up €1,045 (+80.6%), from €1,297 to €2,342
of which Remuneration and social security: +€2,274
- Gross operating margin +€29,607
up €29,607 (+113%), from €26,181 to €55,787
- Depreciation +€3,395
up €3,395 (+88.8%), from €3,824 to €7,219
- Financial charges -€1,110
down €1,110 (-38.6%), from €2,877 to €1,766
- Staff costs +€1,025
up €1,025 (+6.1%), from €16,708 to €17,734
- Other operating charges +€972
up €972 (+182%), from €535 to €1,507
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 | €43,545 | €87,854 | +€44,310 | +102% |
| Fixed assets | 21/28 | €24,819 | €48,157 | +€23,339 | +94.0% |
| Intangible fixed assets | 21 | - | €2,599 | +€2,599 | |
| Tangible fixed assets | 22/27 | €20,733 | €41,472 | +€20,739 | +100% |
| Plant, machinery and equipment | 23 | €4,964 | €24,785 | +€19,821 | +399% |
| Furniture and vehicles | 24 | €9,987 | €11,807 | +€1,820 | +18.2% |
| Other tangible fixed assets | 26 | €5,782 | €4,880 | -€901 | -15.6% |
| Financial fixed assets | 28 | €4,086 | €4,086 | = | 0.0% |
| Current assets | 29/58 | €18,726 | €39,697 | +€20,971 | +112% |
| Stocks and contracts in progress | 3 | €4,560 | €3,748 | -€813 | -17.8% |
| Stocks | 30/36 | €4,560 | €3,748 | -€813 | -17.8% |
| Amounts receivable within one year | 40/41 | €3,613 | €5,730 | +€2,117 | +58.6% |
| Trade receivables | 40 | €2,962 | €3,391 | +€429 | +14.5% |
| Other amounts receivable | 41 | €651 | €2,339 | +€1,687 | +259% |
| Cash at bank and in hand | 54/58 | €10,414 | €30,077 | +€19,664 | +189% |
| Deferred charges and accrued income | 490/1 | €139 | €142 | +€3 | +2.4% |
| Total equity and liabilities | 10/49 | €43,545 | €87,854 | +€44,310 | +102% |
| Equity | 10/15 | -€11,615 | €9,984 | +€21,599 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,438 | €11,438 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,806 | €1,806 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,806 | €1,806 | = | 0.0% |
| Distributable reserves | 133 | €9,632 | €9,632 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,253 | -€7,654 | +€21,599 | +73.8% |
| Amounts payable | 17/49 | €55,160 | €77,870 | +€22,710 | +41.2% |
| Amounts payable after more than one year | 17 | €37,250 | €44,926 | +€7,676 | +20.6% |
| Financial debts | 170/4 | €37,250 | €44,926 | +€7,676 | +20.6% |
| Amounts payable within one year | 42/48 | €17,301 | €32,397 | +€15,096 | +87.3% |
| Trade debts | 44 | €3,561 | €11,612 | +€8,051 | +226% |
| Suppliers | 440/4 | €3,561 | €11,612 | +€8,051 | +226% |
| Taxes, remuneration and social security | 45 | €1,297 | €2,342 | +€1,045 | +80.6% |
| Taxes | 450/3 | €1,297 | €68 | -€1,229 | -94.8% |
| Remuneration and social security | 454/9 | - | €2,274 | +€2,274 | |
| Other amounts payable | 47/48 | €12,443 | €18,443 | +€6,000 | +48.2% |
| Accrued charges and deferred income | 492/3 | €609 | €547 | -€62 | -10.2% |
| Remuneration, social security and pensions | 62 | €16,708 | €17,734 | +€1,025 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,824 | €7,219 | +€3,395 | +88.8% |
| Other operating charges | 640/8 | €535 | €1,507 | +€972 | +182% |
| Gross operating margin | 9900 | €26,181 | €55,787 | +€29,607 | +113% |
| Operating profit (loss) | 9901 | €5,113 | €29,328 | +€24,215 | +474% |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €2,877 | €1,766 | -€1,110 | -38.6% |
| Recurring financial charges | 65 | €2,877 | €1,766 | -€1,110 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €2,236 | €27,599 | +€25,363 | +1,134% |
| Profit (loss) for the period | 9904 | €2,236 | €27,599 | +€25,363 | +1,134% |
| Profit (loss) for the period to be appropriated | 9905 | €2,236 | €27,599 | +€25,363 | +1,134% |
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 1 November 2026 via checked.be.