S.E.E.Performance Engineering: 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.
S.E.E.Performance Engineering
Largest movements
- Receivables within one year -€39,002
down €39,002 (-89.5%), from €43,565 to €4,564
of which Other amounts receivable: -€28,377
- Cash -€4,778
down €4,778 (-98.8%), from €4,834 to €56
mainly Net result for the year (-€34,601) and Trade debts (-€15,337)
- Profit (loss) carried forward -€34,601
down €34,601 (-7.8%), from -€442,508 to -€477,109
- Trade debts -€15,337
down €15,337 (-78.4%), from €19,569 to €4,232
- Other debts +€5,817
up €5,817 (+3.3%), from €176,418 to €182,236
- Gross operating margin +€62,114
up €62,114, from -€57,030 to €5,084
- Write-downs +€10,778
new in 2025: €10,778
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.
Cash bridge derived
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 | €49,515 | €5,117 | -€44,399 | -89.7% |
| Fixed assets | 21/28 | €855 | €497 | -€358 | -41.9% |
| Tangible fixed assets | 22/27 | €855 | €497 | -€358 | -41.9% |
| Plant, machinery and equipment | 23 | €855 | €497 | -€358 | -41.9% |
| Current assets | 29/58 | €48,661 | €4,620 | -€44,041 | -90.5% |
| Amounts receivable within one year | 40/41 | €43,565 | €4,564 | -€39,002 | -89.5% |
| Trade receivables | 40 | €14,952 | €4,327 | -€10,625 | -71.1% |
| Other amounts receivable | 41 | €28,613 | €236 | -€28,377 | -99.2% |
| Cash at bank and in hand | 54/58 | €4,834 | €56 | -€4,778 | -98.8% |
| Deferred charges and accrued income | 490/1 | €261 | - | -€261 | |
| Total equity and liabilities | 10/49 | €49,515 | €5,117 | -€44,399 | -89.7% |
| Equity | 10/15 | -€396,750 | -€431,351 | -€34,601 | -8.7% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €26,259 | €26,259 | = | 0.0% |
| Distributable reserves | 133 | €26,259 | €26,259 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€442,508 | -€477,109 | -€34,601 | -7.8% |
| Amounts payable | 17/49 | €446,265 | €436,467 | -€9,797 | -2.2% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 170/4 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €196,265 | €186,467 | -€9,797 | -5.0% |
| Trade debts | 44 | €19,569 | €4,232 | -€15,337 | -78.4% |
| Suppliers | 440/4 | €19,569 | €4,232 | -€15,337 | -78.4% |
| Taxes, remuneration and social security | 45 | €277 | - | -€277 | |
| Taxes | 450/3 | €277 | - | -€277 | |
| Other amounts payable | 47/48 | €176,418 | €182,236 | +€5,817 | +3.3% |
| Non-recurring operating income | 76A | €100 | €18,840 | +€18,740 | +18766.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219 | €358 | +€139 | +63.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,778 | +€10,778 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | - | €27,992 | +€27,992 | |
| Gross operating margin | 9900 | -€57,030 | €5,084 | +€62,114 | |
| Operating profit (loss) | 9901 | -€57,755 | -€34,563 | +€23,191 | +40.2% |
| Financial charges | 65/66B | €104 | €10 | -€94 | -90.8% |
| Recurring financial charges | 65 | €104 | €10 | -€94 | -90.8% |
| Profit (loss) for the period before taxes | 9903 | -€57,858 | -€34,573 | +€23,286 | +40.2% |
| Income taxes | 67/77 | - | €28 | +€28 | |
| Profit (loss) for the period | 9904 | -€57,858 | -€34,601 | +€23,257 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,858 | -€34,601 | +€23,257 | +40.2% |
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 11 October 2026 via checked.be.