Le Seitanist: 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.
Le Seitanist
Largest movements
- Tangible fixed assets -€8,732
down €8,732 (-5.7%), from €153,731 to €144,999
of which Land and buildings: -€7,456
- Receivables within one year -€2,590
down €2,590 (-21.5%), from €12,047 to €9,457
of which Trade receivables: -€2,411
- Reserves +€10,969
up €10,969 (+28.8%), from €38,049 to €49,018
- Debts after one year -€9,581
down €9,581 (-10.5%), from €91,547 to €81,967
- Other debts -€8,800
down €8,800 (-22.8%), from €38,673 to €29,873
- Tax, wage and social debts -€4,061
down €4,061 (-79.0%), from €5,140 to €1,079
- Gross operating margin -€7,681
down €7,681 (-22.0%), from €34,844 to €27,163
- Taxes -€1,359
down €1,359 (-30.9%), from €4,404 to €3,045
- Financial charges -€443
down €443 (-12.1%), from €3,659 to €3,217
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 | €184,550 | €173,552 | -€10,998 | -6.0% |
| Fixed assets | 21/28 | €153,731 | €145,024 | -€8,707 | -5.7% |
| Tangible fixed assets | 22/27 | €153,731 | €144,999 | -€8,732 | -5.7% |
| Land and buildings | 22 | €149,576 | €142,120 | -€7,456 | -5.0% |
| Plant, machinery and equipment | 23 | €4,155 | €2,880 | -€1,276 | -30.7% |
| Financial fixed assets | 28 | €0 | €25 | +€25 | |
| Current assets | 29/58 | €30,819 | €28,528 | -€2,291 | -7.4% |
| Stocks and contracts in progress | 3 | €2,540 | €3,545 | +€1,005 | +39.6% |
| Stocks | 30/36 | €2,540 | €3,545 | +€1,005 | +39.6% |
| Amounts receivable within one year | 40/41 | €12,047 | €9,457 | -€2,590 | -21.5% |
| Trade receivables | 40 | €11,418 | €9,007 | -€2,411 | -21.1% |
| Other amounts receivable | 41 | €629 | €450 | -€178 | -28.4% |
| Cash at bank and in hand | 54/58 | €16,039 | €15,526 | -€513 | -3.2% |
| Deferred charges and accrued income | 490/1 | €193 | €0 | -€193 | -100% |
| Total equity and liabilities | 10/49 | €184,550 | €173,552 | -€10,998 | -6.0% |
| Equity | 10/15 | €39,549 | €50,518 | +€10,969 | +27.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €38,049 | €49,018 | +€10,969 | +28.8% |
| Distributable reserves | 133 | €38,049 | €49,018 | +€10,969 | +28.8% |
| Amounts payable | 17/49 | €145,000 | €123,034 | -€21,967 | -15.1% |
| Amounts payable after more than one year | 17 | €91,547 | €81,967 | -€9,581 | -10.5% |
| Financial debts | 170/4 | €91,547 | €81,967 | -€9,581 | -10.5% |
| Amounts payable within one year | 42/48 | €53,453 | €41,067 | -€12,386 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €9,267 | €9,581 | +€314 | +3.4% |
| Trade debts | 44 | €373 | €534 | +€161 | +43.2% |
| Suppliers | 440/4 | €373 | €534 | +€161 | +43.2% |
| Taxes, remuneration and social security | 45 | €5,140 | €1,079 | -€4,061 | -79.0% |
| Taxes | 450/3 | €5,140 | €1,079 | -€4,061 | -79.0% |
| Other amounts payable | 47/48 | €38,673 | €29,873 | -€8,800 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,606 | €8,732 | +€126 | +1.5% |
| Other operating charges | 640/8 | €1,334 | €1,203 | -€131 | -9.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €34,844 | €27,163 | -€7,681 | -22.0% |
| Operating profit (loss) | 9901 | €24,904 | €17,228 | -€7,676 | -30.8% |
| Financial income | 75/76B | €270 | €2 | -€268 | -99.2% |
| Recurring financial income | 75 | €270 | €2 | -€268 | -99.2% |
| Financial charges | 65/66B | €3,659 | €3,217 | -€443 | -12.1% |
| Recurring financial charges | 65 | €3,659 | €3,217 | -€443 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €21,516 | €14,014 | -€7,501 | -34.9% |
| Income taxes | 67/77 | €4,404 | €3,045 | -€1,359 | -30.9% |
| Profit (loss) for the period | 9904 | €17,111 | €10,969 | -€6,142 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,111 | €10,969 | -€6,142 | -35.9% |
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 30 October 2026 via checked.be.