S.E. TECHNICS: what changed
Two fiscal 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. TECHNICS
Largest movements
- Receivables within one year +€17,981
up €17,981 (+821.2%), from €2,190 to €20,171
of which Trade receivables: +€18,628
- Cash -€8,160
down €8,160 (-81.1%), from €10,056 to €1,896
mainly Receivables within one year (-€17,981) and Current portion of long-term debt (-€2,741)
- Tangible fixed assets -€4,201
down €4,201 (-48.1%), from €8,738 to €4,536
of which Furniture and vehicles: -€2,739
- Stocks and contracts -€1,800
down €1,800 (-13.8%), from €13,024 to €11,223
- Trade debts +€9,054
up €9,054 (+273.9%), from €3,306 to €12,360
- Current portion of long-term debt -€2,741
down €2,741 (-66.7%), from €4,111 to €1,370
- Tax, wage and social debts -€2,037
down €2,037 (-65.3%), from €3,119 to €1,082
- Debts after one year -€1,370
no longer reported in 2025 (was €1,370)
- Profit (loss) carried forward +€1,060
up €1,060 (+5.3%), from €19,954 to €21,013
- Gross operating margin +€13,458
up €13,458, from -€9,210 to €4,249
- Depreciation -€5,724
down €5,724 (-57.7%), from €9,926 to €4,201
- Financial income +€258
up €258 (+17.9%), from €1,443 to €1,701
- Financial charges +€108
up €108 (+37.1%), from €292 to €400
- Other operating charges -€105
down €105 (-26.7%), from €392 to €288
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 | €34,007 | €37,826 | +€3,819 | +11.2% |
| Fixed assets | 21/28 | €8,738 | €4,536 | -€4,201 | -48.1% |
| Tangible fixed assets | 22/27 | €8,738 | €4,536 | -€4,201 | -48.1% |
| Plant, machinery and equipment | 23 | €1,462 | - | -€1,462 | |
| Furniture and vehicles | 24 | €7,275 | €4,536 | -€2,739 | -37.7% |
| Current assets | 29/58 | €25,269 | €33,290 | +€8,020 | +31.7% |
| Stocks and contracts in progress | 3 | €13,024 | €11,223 | -€1,800 | -13.8% |
| Stocks | 30/36 | €13,024 | €11,223 | -€1,800 | -13.8% |
| Amounts receivable within one year | 40/41 | €2,190 | €20,171 | +€17,981 | +821.2% |
| Trade receivables | 40 | €295 | €18,923 | +€18,628 | +6313.9% |
| Other amounts receivable | 41 | €1,895 | €1,247 | -€648 | -34.2% |
| Cash at bank and in hand | 54/58 | €10,056 | €1,896 | -€8,160 | -81.1% |
| Total equity and liabilities | 10/49 | €34,007 | €37,826 | +€3,819 | +11.2% |
| Equity | 10/15 | €21,954 | €23,013 | +€1,060 | +4.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,954 | €21,013 | +€1,060 | +5.3% |
| Amounts payable | 17/49 | €12,053 | €14,812 | +€2,759 | +22.9% |
| Amounts payable after more than one year | 17 | €1,370 | - | -€1,370 | |
| Financial debts | 170/4 | €1,370 | - | -€1,370 | |
| Amounts payable within one year | 42/48 | €10,683 | €14,812 | +€4,129 | +38.7% |
| Current portion of amounts payable after more than one year | 42 | €4,111 | €1,370 | -€2,741 | -66.7% |
| Trade debts | 44 | €3,306 | €12,360 | +€9,054 | +273.9% |
| Suppliers | 440/4 | €3,306 | €12,360 | +€9,054 | +273.9% |
| Taxes, remuneration and social security | 45 | €3,119 | €1,082 | -€2,037 | -65.3% |
| Taxes | 450/3 | €3,119 | €1,082 | -€2,037 | -65.3% |
| Other amounts payable | 47/48 | €147 | - | -€147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,926 | €4,201 | -€5,724 | -57.7% |
| Other operating charges | 640/8 | €392 | €288 | -€105 | -26.7% |
| Gross operating margin | 9900 | -€9,210 | €4,249 | +€13,458 | |
| Operating profit (loss) | 9901 | -€19,528 | -€240 | +€19,287 | +98.8% |
| Financial income | 75/76B | €1,443 | €1,701 | +€258 | +17.9% |
| Recurring financial income | 75 | €1,443 | €1,701 | +€258 | +17.9% |
| Financial charges | 65/66B | €292 | €400 | +€108 | +37.1% |
| Recurring financial charges | 65 | €292 | €400 | +€108 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,377 | €1,060 | +€19,437 | |
| Profit (loss) for the period | 9904 | -€18,377 | €1,060 | +€19,437 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,377 | €1,060 | +€19,437 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.