SE GROUP: 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 GROUP
Largest movements
- Cash +€18,726
up €18,726 (+4269.8%), from €439 to €19,164
mainly Tax, wage and social debts (+€17,061) and Net result for the year (+€13,251)
- Tangible fixed assets -€3,979
down €3,979 (-7.3%), from €54,793 to €50,814
of which Plant, machinery and equipment: -€4,387
- Receivables within one year -€2,146
down €2,146 (-75.8%), from €2,830 to €684
of which Trade receivables: -€1,234
- Tax, wage and social debts +€17,061
up €17,061 (+159.2%), from €10,720 to €27,781
of which Taxes: +€15,069
- Reserves +€13,251
new in 2024: €13,251
- Debts after one year -€11,588
down €11,588 (-43.3%), from €26,775 to €15,187
- Trade debts -€4,230
down €4,230 (-30.3%), from €13,958 to €9,728
- Other debts -€3,336
down €3,336 (-25.8%), from €12,950 to €9,614
- Turnover -€65,121
no longer reported in 2024 (was €65,121)
- Purchases and services -€56,573
no longer reported in 2024 (was €56,573)
- Gross operating margin +€22,841
up €22,841 (+176.2%), from €12,962 to €35,803
- Taxes +€8,870
up €8,870 (+4542.9%), from €195 to €9,065
- Depreciation +€1,766
up €1,766 (+27.0%), from €6,542 to €8,307
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,825 | €75,239 | +€12,414 | +19.8% |
| Formation expenses | 20 | €233 | €51 | -€182 | -78.3% |
| Fixed assets | 21/28 | €58,925 | €55,340 | -€3,585 | -6.1% |
| Tangible fixed assets | 22/27 | €54,793 | €50,814 | -€3,979 | -7.3% |
| Plant, machinery and equipment | 23 | €54,119 | €49,733 | -€4,387 | -8.1% |
| Furniture and vehicles | 24 | €674 | €1,081 | +€408 | +60.6% |
| Financial fixed assets | 28 | €4,132 | €4,526 | +€394 | +9.5% |
| Current assets | 29/58 | €3,667 | €19,848 | +€16,181 | +441.2% |
| Amounts receivable within one year | 40/41 | €2,830 | €684 | -€2,146 | -75.8% |
| Trade receivables | 40 | €1,885 | €651 | -€1,234 | -65.5% |
| Other amounts receivable | 41 | €945 | €33 | -€912 | -96.5% |
| Cash at bank and in hand | 54/58 | €439 | €19,164 | +€18,726 | +4269.8% |
| Deferred charges and accrued income | 490/1 | €399 | - | -€399 | |
| Total equity and liabilities | 10/49 | €62,825 | €75,239 | +€12,414 | +19.8% |
| Equity | 10/15 | -€11,910 | €1,341 | +€13,251 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | - | €13,251 | +€13,251 | |
| Distributable reserves | 133 | - | €13,251 | +€13,251 | |
| Profit (loss) carried forward | 14 | -€24,310 | -€24,310 | = | 0.0% |
| Amounts payable | 17/49 | €74,736 | €73,898 | -€837 | -1.1% |
| Amounts payable after more than one year | 17 | €26,775 | €15,187 | -€11,588 | -43.3% |
| Financial debts | 170/4 | €26,775 | €15,187 | -€11,588 | -43.3% |
| Amounts payable within one year | 42/48 | €47,961 | €58,711 | +€10,751 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €10,332 | €11,588 | +€1,256 | +12.2% |
| Trade debts | 44 | €13,958 | €9,728 | -€4,230 | -30.3% |
| Suppliers | 440/4 | €13,958 | €9,728 | -€4,230 | -30.3% |
| Taxes, remuneration and social security | 45 | €10,720 | €27,781 | +€17,061 | +159.2% |
| Taxes | 450/3 | €8,465 | €23,534 | +€15,069 | +178.0% |
| Remuneration and social security | 454/9 | €2,254 | €4,247 | +€1,993 | +88.4% |
| Other amounts payable | 47/48 | €12,950 | €9,614 | -€3,336 | -25.8% |
| Turnover | 70 | €65,121 | - | -€65,121 | |
| Goods, raw materials, services and sundry goods | 60/61 | €56,573 | - | -€56,573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,542 | €8,307 | +€1,766 | +27.0% |
| Other operating charges | 640/8 | €1,495 | €1,462 | -€33 | -2.2% |
| Non-recurring operating charges | 66A | - | €166 | +€166 | |
| Gross operating margin | 9900 | €12,962 | €35,803 | +€22,841 | +176.2% |
| Operating profit (loss) | 9901 | €4,925 | €25,868 | +€20,944 | +425.3% |
| Financial income | 75/76B | €31 | €5 | -€26 | -85.1% |
| Recurring financial income | 75 | €31 | €5 | -€26 | -85.1% |
| Financial charges | 65/66B | €3,792 | €3,557 | -€235 | -6.2% |
| Recurring financial charges | 65 | €3,792 | €3,557 | -€235 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €1,164 | €22,316 | +€21,152 | +1817.8% |
| Income taxes | 67/77 | €195 | €9,065 | +€8,870 | +4542.9% |
| Profit (loss) for the period | 9904 | €968 | €13,251 | +€12,283 | +1268.4% |
| Profit (loss) for the period to be appropriated | 9905 | €968 | €13,251 | +€12,283 | +1268.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.