Pré Seed Fund: 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.
Pré Seed Fund
Largest movements
- Current investments -€450,000
no longer reported in 2025 (was €450,000)
- Financial fixed assets +€365,350
up €365,350 (+104%), from €350,000 to €715,350
- Cash +€66,445
up €66,445 (+25.8%), from €257,695 to €324,140
mainly Current investments (+€450,000) and Receivables within one year (+€1,275)
- Profit (loss) carried forward -€18,645
down €18,645 (-3.5%), from -€532,988 to -€551,633
- Financial income +€381,466
up €381,466 (+1,950%), from €19,562 to €401,028
of which Non-recurring financial income: +€369,866
- Gross operating margin -€30,053
down €30,053 (-246%), from -€12,214 to -€42,267
- Financial charges -€3,591
down €3,591 (-2.3%), from €157,900 to €154,309
of which Non-recurring financial charges: -€3,660
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 | €1,061,234 | €1,041,011 | -€20,224 | -1.9% |
| Fixed assets | 21/28 | €350,000 | €715,350 | +€365,350 | +104% |
| Financial fixed assets | 28 | €350,000 | €715,350 | +€365,350 | +104% |
| Current assets | 29/58 | €711,234 | €325,660 | -€385,574 | -54.2% |
| Amounts receivable within one year | 40/41 | €2,796 | €1,521 | -€1,275 | -45.6% |
| Other amounts receivable | 41 | €2,796 | €1,521 | -€1,275 | -45.6% |
| Current investments | 50/53 | €450,000 | - | -€450,000 | |
| Cash at bank and in hand | 54/58 | €257,695 | €324,140 | +€66,445 | +25.8% |
| Deferred charges and accrued income | 490/1 | €743 | - | -€743 | |
| Total equity and liabilities | 10/49 | €1,061,234 | €1,041,011 | -€20,224 | -1.9% |
| Equity | 10/15 | €1,056,776 | €1,038,131 | -€18,645 | -1.8% |
| Contributions | 10/11 | €1,589,764 | €1,589,764 | = | 0.0% |
| Capital | 10 | €1,589,764 | €1,589,764 | = | 0.0% |
| Issued capital | 100 | €1,590,000 | €1,590,000 | = | 0.0% |
| Uncalled capital | 101 | €236 | €236 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€532,988 | -€551,633 | -€18,645 | -3.5% |
| Amounts payable | 17/49 | €4,458 | €2,880 | -€1,578 | -35.4% |
| Amounts payable within one year | 42/48 | €4,235 | €2,880 | -€1,355 | -32.0% |
| Trade debts | 44 | €4,235 | €2,662 | -€1,573 | -37.1% |
| Suppliers | 440/4 | €4,235 | €2,662 | -€1,573 | -37.1% |
| Other amounts payable | 47/48 | - | €218 | +€218 | |
| Accrued charges and deferred income | 492/3 | €223 | - | -€223 | |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.3% |
| Non-recurring operating charges | 66A | - | €222,698 | +€222,698 | |
| Gross operating margin | 9900 | -€12,214 | -€42,267 | -€30,053 | -246% |
| Operating profit (loss) | 9901 | -€12,601 | -€265,365 | -€252,764 | -2,006% |
| Financial income | 75/76B | €19,562 | €401,028 | +€381,466 | +1,950% |
| Recurring financial income | 75 | €9,318 | €20,919 | +€11,601 | +124% |
| Non-recurring financial income | 76B | €10,244 | €380,110 | +€369,866 | +3,611% |
| Financial charges | 65/66B | €157,900 | €154,309 | -€3,591 | -2.3% |
| Recurring financial charges | 65 | €266 | €335 | +€69 | +25.9% |
| Non-recurring financial charges | 66B | €157,634 | €153,974 | -€3,660 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€150,939 | -€18,645 | +€132,294 | +87.6% |
| Profit (loss) for the period | 9904 | -€150,939 | -€18,645 | +€132,294 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€150,939 | -€18,645 | +€132,294 | +87.6% |
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 27 October 2026 via checked.be.