SE CONSULTANCY: 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.
SE CONSULTANCY
Largest movements
- Cash -€26,243
down €26,243 (-37.2%), from €70,555 to €44,312
mainly Debts after one year (-€116,980) and Current investments (-€25,975)
- Current investments +€25,975
up €25,975 (+51.9%), from €50,000 to €75,975
- Receivables within one year -€19,646
down €19,646 (-59.5%), from €33,022 to €13,375
of which Trade receivables: -€25,494
- Debts after one year -€116,980
down €116,980 (-66.7%), from €175,328 to €58,347
- Reserves +€90,431
up €90,431 (+30.7%), from €294,243 to €384,674
- Other debts +€5,695
up €5,695 (+209%), from €2,730 to €8,425
- Gross operating margin -€142,840
down €142,840 (-52.1%), from €274,014 to €131,174
- Taxes -€35,778
down €35,778 (-53.0%), from €67,488 to €31,710
- Financial charges -€4,135
down €4,135 (-41.1%), from €10,069 to €5,934
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 | €504,972 | €481,063 | -€23,909 | -4.7% |
| Fixed assets | 21/28 | €350,080 | €346,293 | -€3,787 | -1.1% |
| Tangible fixed assets | 22/27 | €10,080 | €6,293 | -€3,787 | -37.6% |
| Furniture and vehicles | 24 | €10,080 | €6,293 | -€3,787 | -37.6% |
| Financial fixed assets | 28 | €340,000 | €340,000 | = | 0.0% |
| Current assets | 29/58 | €154,892 | €134,770 | -€20,122 | -13.0% |
| Amounts receivable within one year | 40/41 | €33,022 | €13,375 | -€19,646 | -59.5% |
| Trade receivables | 40 | €27,369 | €1,875 | -€25,494 | -93.1% |
| Other amounts receivable | 41 | €5,653 | €11,500 | +€5,847 | +103% |
| Current investments | 50/53 | €50,000 | €75,975 | +€25,975 | +51.9% |
| Cash at bank and in hand | 54/58 | €70,555 | €44,312 | -€26,243 | -37.2% |
| Deferred charges and accrued income | 490/1 | €1,316 | €1,109 | -€207 | -15.7% |
| Total equity and liabilities | 10/49 | €504,972 | €481,063 | -€23,909 | -4.7% |
| Equity | 10/15 | €304,243 | €394,674 | +€90,431 | +29.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €294,243 | €384,674 | +€90,431 | +30.7% |
| Distributable reserves | 133 | €294,243 | €384,674 | +€90,431 | +30.7% |
| Amounts payable | 17/49 | €200,729 | €86,389 | -€114,340 | -57.0% |
| Amounts payable after more than one year | 17 | €175,328 | €58,347 | -€116,980 | -66.7% |
| Financial debts | 170/4 | €175,328 | €58,347 | -€116,980 | -66.7% |
| Amounts payable within one year | 42/48 | €19,061 | €25,480 | +€6,419 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €16,331 | €16,980 | +€649 | +4.0% |
| Trade debts | 44 | - | €75 | +€75 | |
| Suppliers | 440/4 | - | €75 | +€75 | |
| Other amounts payable | 47/48 | €2,730 | €8,425 | +€5,695 | +209% |
| Accrued charges and deferred income | 492/3 | €6,340 | €2,561 | -€3,779 | -59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,282 | €3,787 | +€2,505 | +195% |
| Other operating charges | 640/8 | €449 | €508 | +€58 | +13.0% |
| Gross operating margin | 9900 | €274,014 | €131,174 | -€142,840 | -52.1% |
| Operating profit (loss) | 9901 | €272,282 | €126,879 | -€145,404 | -53.4% |
| Financial income | 75/76B | €899 | €1,196 | +€297 | +33.0% |
| Recurring financial income | 75 | €899 | €1,196 | +€297 | +33.0% |
| Financial charges | 65/66B | €10,069 | €5,934 | -€4,135 | -41.1% |
| Recurring financial charges | 65 | €10,069 | €5,934 | -€4,135 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €263,113 | €122,141 | -€140,972 | -53.6% |
| Income taxes | 67/77 | €67,488 | €31,710 | -€35,778 | -53.0% |
| Profit (loss) for the period | 9904 | €195,625 | €90,431 | -€105,194 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €195,625 | €90,431 | -€105,194 | -53.8% |
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 16 October 2026 via checked.be.