NEW SEEDS: 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.
NEW SEEDS
Largest movements
- Receivables within one year +€68,191
up €68,191 (+9.6%), from €712,706 to €780,897
of which Other amounts receivable: +€68,337
- Tangible fixed assets -€33,645
down €33,645 (-57.1%), from €58,890 to €25,245
of which Other tangible fixed assets: -€24,274
- Stocks and contracts -€24,831
down €24,831 (-22.1%), from €112,580 to €87,748
- Debts after one year -€110,627
down €110,627 (-59.7%), from €185,456 to €74,829
- Profit (loss) carried forward +€48,702
up €48,702 (+182%), from €26,740 to €75,442
- Current portion of long-term debt +€44,558
up €44,558 (+198%), from €22,499 to €67,058
- Tax, wage and social debts +€23,825
up €23,825 (+62.0%), from €38,411 to €62,236
of which Taxes: +€16,736
- Trade debts -€13,806
down €13,806 (-1.6%), from €841,895 to €828,089
- Gross operating margin -€16,727
down €16,727 (-5.3%), from €314,019 to €297,292
- Staff costs -€13,638
down €13,638 (-7.6%), from €178,276 to €164,638
- Depreciation -€6,019
down €6,019 (-13.9%), from €43,183 to €37,164
- Financial charges +€4,094
up €4,094 (+18.1%), from €22,556 to €26,650
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 | €1,287,255 | €1,281,159 | -€6,096 | -0.5% |
| Fixed assets | 21/28 | €449,466 | €403,803 | -€45,663 | -10.2% |
| Intangible fixed assets | 21 | €6,254 | €2,593 | -€3,661 | -58.5% |
| Tangible fixed assets | 22/27 | €58,890 | €25,245 | -€33,645 | -57.1% |
| Furniture and vehicles | 24 | €12,502 | €3,130 | -€9,372 | -75.0% |
| Other tangible fixed assets | 26 | €46,388 | €22,115 | -€24,274 | -52.3% |
| Financial fixed assets | 28 | €384,322 | €375,966 | -€8,356 | -2.2% |
| Current assets | 29/58 | €837,788 | €877,356 | +€39,567 | +4.7% |
| Stocks and contracts in progress | 3 | €112,580 | €87,748 | -€24,831 | -22.1% |
| Stocks | 30/36 | €112,580 | €87,748 | -€24,831 | -22.1% |
| Amounts receivable within one year | 40/41 | €712,706 | €780,897 | +€68,191 | +9.6% |
| Trade receivables | 40 | €146 | - | -€146 | |
| Other amounts receivable | 41 | €712,560 | €780,897 | +€68,337 | +9.6% |
| Cash at bank and in hand | 54/58 | €12,503 | €6,061 | -€6,442 | -51.5% |
| Deferred charges and accrued income | 490/1 | - | €2,649 | +€2,649 | |
| Total equity and liabilities | 10/49 | €1,287,255 | €1,281,159 | -€6,096 | -0.5% |
| Equity | 10/15 | €192,940 | €241,642 | +€48,702 | +25.2% |
| Contributions | 10/11 | €166,200 | €166,200 | = | 0.0% |
| Contributions outside capital | 11 | €166,200 | €166,200 | = | 0.0% |
| Other | 1109/19 | €166,200 | €166,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,740 | €75,442 | +€48,702 | +182% |
| Amounts payable | 17/49 | €1,094,315 | €1,039,517 | -€54,797 | -5.0% |
| Amounts payable after more than one year | 17 | €185,456 | €74,829 | -€110,627 | -59.7% |
| Financial debts | 170/4 | €185,456 | €74,829 | -€110,627 | -59.7% |
| Amounts payable within one year | 42/48 | €908,858 | €964,688 | +€55,830 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €22,499 | €67,058 | +€44,558 | +198% |
| Financial debts | 43 | €6,053 | €7,305 | +€1,252 | +20.7% |
| Credit institutions | 430/8 | €6,053 | €7,305 | +€1,252 | +20.7% |
| Trade debts | 44 | €841,895 | €828,089 | -€13,806 | -1.6% |
| Suppliers | 440/4 | €841,895 | €828,089 | -€13,806 | -1.6% |
| Taxes, remuneration and social security | 45 | €38,411 | €62,236 | +€23,825 | +62.0% |
| Taxes | 450/3 | €25,694 | €42,430 | +€16,736 | +65.1% |
| Remuneration and social security | 454/9 | €12,717 | €19,807 | +€7,090 | +55.8% |
| Remuneration, social security and pensions | 62 | €178,276 | €164,638 | -€13,638 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,183 | €37,164 | -€6,019 | -13.9% |
| Other operating charges | 640/8 | €1,658 | €993 | -€665 | -40.1% |
| Non-recurring operating charges | 66A | - | €142 | +€142 | |
| Gross operating margin | 9900 | €314,019 | €297,292 | -€16,727 | -5.3% |
| Operating profit (loss) | 9901 | €90,902 | €94,355 | +€3,452 | +3.8% |
| Financial income | 75/76B | €752 | €24 | -€728 | -96.8% |
| Recurring financial income | 75 | €752 | €24 | -€728 | -96.8% |
| Financial charges | 65/66B | €22,556 | €26,650 | +€4,094 | +18.1% |
| Recurring financial charges | 65 | €22,556 | €26,650 | +€4,094 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €69,098 | €67,728 | -€1,370 | -2.0% |
| Income taxes | 67/77 | €19,372 | €19,026 | -€346 | -1.8% |
| Profit (loss) for the period | 9904 | €49,726 | €48,702 | -€1,025 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,726 | €48,702 | -€1,025 | -2.1% |
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 29 October 2026 via checked.be.