SE Allround: 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.
SE Allround
Largest movements
- Tangible fixed assets +€54,757
up €54,757 (+94.6%), from €57,862 to €112,619
of which Land and buildings: +€47,888
- Receivables within one year +€43,239
up €43,239 (+86.4%), from €50,040 to €93,279
of which Trade receivables: +€50,395
- Cash +€3,037
up €3,037 (+355.2%), from €855 to €3,892
mainly Debts after one year (+€43,651) and Net result for the year (+€28,698)
- Debts after one year +€43,651
new in 2025: €43,651
- Profit (loss) carried forward +€28,698
up €28,698 (+57.7%), from €49,757 to €78,455
- Trade debts +€17,495
up €17,495 (+60.4%), from €28,962 to €46,457
- Current portion of long-term debt +€9,117
new in 2025: €9,117
- Tax, wage and social debts +€6,566
up €6,566 (+41.1%), from €15,968 to €22,533
- Gross operating margin +€32,554
up €32,554 (+150.0%), from €21,699 to €54,252
- Taxes +€7,020
up €7,020 (+201.2%), from €3,488 to €10,508
- Depreciation +€1,016
up €1,016 (+11.3%), from €9,023 to €10,038
- Other operating charges +€929
up €929 (+167.2%), from €555 to €1,484
- Financial charges +€847
up €847 (+114.4%), from €741 to €1,588
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 | €120,747 | €222,110 | +€101,363 | +83.9% |
| Fixed assets | 21/28 | €57,862 | €112,619 | +€54,757 | +94.6% |
| Tangible fixed assets | 22/27 | €57,862 | €112,619 | +€54,757 | +94.6% |
| Land and buildings | 22 | €45,189 | €93,077 | +€47,888 | +106.0% |
| Plant, machinery and equipment | 23 | €12,600 | €19,469 | +€6,869 | +54.5% |
| Furniture and vehicles | 24 | €73 | €73 | = | 0.0% |
| Current assets | 29/58 | €62,885 | €109,491 | +€46,606 | +74.1% |
| Amounts receivable after more than one year | 29 | €11,000 | €11,000 | = | 0.0% |
| Other amounts receivable | 291 | €11,000 | €11,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,040 | €93,279 | +€43,239 | +86.4% |
| Trade receivables | 40 | €39,098 | €89,493 | +€50,395 | +128.9% |
| Other amounts receivable | 41 | €10,942 | €3,786 | -€7,155 | -65.4% |
| Cash at bank and in hand | 54/58 | €855 | €3,892 | +€3,037 | +355.2% |
| Deferred charges and accrued income | 490/1 | €990 | €1,320 | +€330 | +33.3% |
| Total equity and liabilities | 10/49 | €120,747 | €222,110 | +€101,363 | +83.9% |
| Equity | 10/15 | €71,653 | €100,351 | +€28,698 | +40.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,896 | €19,896 | = | 0.0% |
| Distributable reserves | 133 | €19,896 | €19,896 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,757 | €78,455 | +€28,698 | +57.7% |
| Amounts payable | 17/49 | €49,094 | €121,759 | +€72,665 | +148.0% |
| Amounts payable after more than one year | 17 | - | €43,651 | +€43,651 | |
| Financial debts | 170/4 | - | €43,651 | +€43,651 | |
| Amounts payable within one year | 42/48 | €49,047 | €78,108 | +€29,061 | +59.3% |
| Current portion of amounts payable after more than one year | 42 | - | €9,117 | +€9,117 | |
| Trade debts | 44 | €28,962 | €46,457 | +€17,495 | +60.4% |
| Suppliers | 440/4 | €28,962 | €46,457 | +€17,495 | +60.4% |
| Taxes, remuneration and social security | 45 | €15,968 | €22,533 | +€6,566 | +41.1% |
| Taxes | 450/3 | €15,968 | €22,533 | +€6,566 | +41.1% |
| Other amounts payable | 47/48 | €4,117 | - | -€4,117 | |
| Accrued charges and deferred income | 492/3 | €47 | - | -€47 | |
| Non-recurring operating income | 76A | €148 | - | -€148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,023 | €10,038 | +€1,016 | +11.3% |
| Other operating charges | 640/8 | €555 | €1,484 | +€929 | +167.2% |
| Non-recurring operating charges | 66A | - | €2,451 | +€2,451 | |
| Gross operating margin | 9900 | €21,699 | €54,252 | +€32,554 | +150.0% |
| Operating profit (loss) | 9901 | €12,121 | €40,279 | +€28,158 | +232.3% |
| Financial income | 75/76B | €479 | €515 | +€36 | +7.5% |
| Recurring financial income | 75 | €479 | €515 | +€36 | +7.5% |
| Financial charges | 65/66B | €741 | €1,588 | +€847 | +114.4% |
| Recurring financial charges | 65 | €741 | €1,588 | +€847 | +114.4% |
| Profit (loss) for the period before taxes | 9903 | €11,859 | €39,206 | +€27,347 | +230.6% |
| Income taxes | 67/77 | €3,488 | €10,508 | +€7,020 | +201.2% |
| Profit (loss) for the period | 9904 | €8,371 | €28,698 | +€20,327 | +242.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,371 | €28,698 | +€20,327 | +242.8% |
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 5 October 2026 via checked.be.