SE.consulting: 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.consulting
Largest movements
- Receivables within one year +€107,557
up €107,557 (+494.3%), from €21,760 to €129,317
of which Trade receivables: +€103,488
- Cash -€83,061
down €83,061 (-52.1%), from €159,389 to €76,328
mainly Receivables within one year (-€107,557) and Investment in fixed assets (net) (-€2,417)
- Tangible fixed assets -€23,415
down €23,415 (-23.1%), from €101,408 to €77,993
of which Furniture and vehicles: -€14,402
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€175,928
down €175,928 (-81.2%), from €216,746 to €40,818
- Taxes -€49,674
down €49,674 (-90.6%), from €54,814 to €5,140
- Depreciation -€6,066
down €6,066 (-19.0%), from €31,898 to €25,832
- Other operating charges -€3,097
down €3,097 (-58.9%), from €5,258 to €2,161
- Staff costs -€3,096
down €3,096 (-31.5%), from €9,819 to €6,724
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 | €282,556 | €283,638 | +€1,081 | +0.4% |
| Fixed assets | 21/28 | €101,408 | €77,993 | -€23,415 | -23.1% |
| Tangible fixed assets | 22/27 | €101,408 | €77,993 | -€23,415 | -23.1% |
| Plant, machinery and equipment | 23 | €7,903 | €5,991 | -€1,912 | -24.2% |
| Furniture and vehicles | 24 | €30,039 | €15,637 | -€14,402 | -47.9% |
| Other tangible fixed assets | 26 | €63,466 | €56,365 | -€7,101 | -11.2% |
| Current assets | 29/58 | €181,148 | €205,645 | +€24,496 | +13.5% |
| Amounts receivable within one year | 40/41 | €21,760 | €129,317 | +€107,557 | +494.3% |
| Trade receivables | 40 | €20,691 | €124,179 | +€103,488 | +500.2% |
| Other amounts receivable | 41 | €1,069 | €5,138 | +€4,070 | +380.9% |
| Cash at bank and in hand | 54/58 | €159,389 | €76,328 | -€83,061 | -52.1% |
| Total equity and liabilities | 10/49 | €282,556 | €283,638 | +€1,081 | +0.4% |
| Equity | 10/15 | €214,669 | €215,397 | +€728 | +0.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €114,669 | €115,397 | +€728 | +0.6% |
| Distributable reserves | 133 | €114,669 | €115,397 | +€728 | +0.6% |
| Amounts payable | 17/49 | €67,887 | €68,241 | +€354 | +0.5% |
| Amounts payable within one year | 42/48 | €67,887 | €68,241 | +€354 | +0.5% |
| Trade debts | 44 | €3,023 | €4,968 | +€1,945 | +64.3% |
| Suppliers | 440/4 | €3,023 | €4,968 | +€1,945 | +64.3% |
| Taxes, remuneration and social security | 45 | €62,376 | €60,430 | -€1,945 | -3.1% |
| Taxes | 450/3 | €61,720 | €59,953 | -€1,767 | -2.9% |
| Remuneration and social security | 454/9 | €656 | €477 | -€179 | -27.3% |
| Other amounts payable | 47/48 | €2,489 | €2,843 | +€354 | +14.2% |
| Remuneration, social security and pensions | 62 | €9,819 | €6,724 | -€3,096 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,898 | €25,832 | -€6,066 | -19.0% |
| Other operating charges | 640/8 | €5,258 | €2,161 | -€3,097 | -58.9% |
| Gross operating margin | 9900 | €216,746 | €40,818 | -€175,928 | -81.2% |
| Operating profit (loss) | 9901 | €169,770 | €6,102 | -€163,668 | -96.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €287 | €234 | -€53 | -18.4% |
| Recurring financial charges | 65 | €287 | €234 | -€53 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €169,483 | €5,867 | -€163,615 | -96.5% |
| Income taxes | 67/77 | €54,814 | €5,140 | -€49,674 | -90.6% |
| Profit (loss) for the period | 9904 | €114,669 | €728 | -€113,941 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €114,669 | €728 | -€113,941 | -99.4% |
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 30 September 2026 via checked.be.