SE Service: 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 Service
Largest movements
- Stocks and contracts +€33,035
up €33,035 (+69.9%), from €47,254 to €80,289
- Receivables within one year -€32,646
down €32,646 (-76.6%), from €42,607 to €9,961
of which Trade receivables: -€33,127
- Cash +€7,980
up €7,980 (+113%), from €7,045 to €15,025
mainly Other debts (+€45,000) and Receivables within one year (+€32,646)
- Other debts +€45,000
new in 2025: €45,000
- Reserves -€34,130
down €34,130 (-93.3%), from €36,600 to €2,470
- Debts after one year +€9,194
new in 2025: €9,194
of which Financial debts: +€8,876
- Tax, wage and social debts -€8,552
down €8,552 (-78.1%), from €10,957 to €2,405
of which Remuneration and social security: -€4,967
- Trade debts -€3,648
down €3,648 (-10.3%), from €35,254 to €31,605
- Gross operating margin -€32,078
down €32,078 (-53.0%), from €60,548 to €28,470
- Staff costs -€4,435
down €4,435 (-32.8%), from €13,530 to €9,095
- Taxes -€3,585
down €3,585 (-59.9%), from €5,990 to €2,405
- Financial charges +€1,465
up €1,465 (+49.2%), from €2,981 to €4,446
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 | €99,238 | €107,347 | +€8,108 | +8.2% |
| Fixed assets | 21/28 | €1,650 | €1,293 | -€357 | -21.7% |
| Tangible fixed assets | 22/27 | €1,295 | €938 | -€357 | -27.6% |
| Plant, machinery and equipment | 23 | €1,097 | - | -€1,097 | |
| Furniture and vehicles | 24 | - | €938 | +€938 | |
| Other tangible fixed assets | 26 | €198 | - | -€198 | |
| Financial fixed assets | 28 | €355 | €355 | = | 0.0% |
| Current assets | 29/58 | €97,588 | €106,054 | +€8,465 | +8.7% |
| Stocks and contracts in progress | 3 | €47,254 | €80,289 | +€33,035 | +69.9% |
| Stocks | 30/36 | €47,254 | €80,289 | +€33,035 | +69.9% |
| Amounts receivable within one year | 40/41 | €42,607 | €9,961 | -€32,646 | -76.6% |
| Trade receivables | 40 | €40,676 | €7,549 | -€33,127 | -81.4% |
| Other amounts receivable | 41 | €1,930 | €2,412 | +€481 | +24.9% |
| Cash at bank and in hand | 54/58 | €7,045 | €15,025 | +€7,980 | +113% |
| Deferred charges and accrued income | 490/1 | €683 | €779 | +€96 | +14.1% |
| Total equity and liabilities | 10/49 | €99,238 | €107,347 | +€8,108 | +8.2% |
| Equity | 10/15 | €47,600 | €13,470 | -€34,130 | -71.7% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €36,600 | €2,470 | -€34,130 | -93.3% |
| Distributable reserves | 133 | €36,600 | €2,470 | -€34,130 | -93.3% |
| Amounts payable | 17/49 | €51,638 | €93,876 | +€42,238 | +81.8% |
| Amounts payable after more than one year | 17 | - | €9,194 | +€9,194 | |
| Financial debts | 170/4 | - | €8,876 | +€8,876 | |
| Other amounts payable | 178/9 | - | €318 | +€318 | |
| Amounts payable within one year | 42/48 | €51,638 | €84,682 | +€33,044 | +64.0% |
| Current portion of amounts payable after more than one year | 42 | €5,428 | €5,672 | +€244 | +4.5% |
| Trade debts | 44 | €35,254 | €31,605 | -€3,648 | -10.3% |
| Suppliers | 440/4 | €35,254 | €31,605 | -€3,648 | -10.3% |
| Taxes, remuneration and social security | 45 | €10,957 | €2,405 | -€8,552 | -78.1% |
| Taxes | 450/3 | €5,990 | €2,405 | -€3,585 | -59.9% |
| Remuneration and social security | 454/9 | €4,967 | - | -€4,967 | |
| Other amounts payable | 47/48 | - | €45,000 | +€45,000 | |
| Remuneration, social security and pensions | 62 | €13,530 | €9,095 | -€4,435 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,659 | €1,435 | -€223 | -13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €775 | €360 | -€415 | -53.5% |
| Other operating charges | 640/8 | €61 | - | -€61 | |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Gross operating margin | 9900 | €60,548 | €28,470 | -€32,078 | -53.0% |
| Operating profit (loss) | 9901 | €44,474 | €17,579 | -€26,895 | -60.5% |
| Financial income | 75/76B | €125 | €141 | +€16 | +12.6% |
| Recurring financial income | 75 | €125 | €141 | +€16 | +12.6% |
| Financial charges | 65/66B | €2,981 | €4,446 | +€1,465 | +49.2% |
| Recurring financial charges | 65 | €2,981 | €4,446 | +€1,465 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €41,619 | €13,275 | -€28,344 | -68.1% |
| Income taxes | 67/77 | €5,990 | €2,405 | -€3,585 | -59.9% |
| Profit (loss) for the period | 9904 | €35,629 | €10,870 | -€24,759 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,629 | €10,870 | -€24,759 | -69.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.