SE SERVICES: 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 SERVICES
Largest movements
- Cash +€49,226
up €49,226 (+258.0%), from €19,078 to €68,304
mainly Net result for the year (+€31,094) and Debts after one year (+€23,460)
- Receivables within one year +€32,065
up €32,065 (+70.9%), from €45,205 to €77,271
of which Trade receivables: +€24,189
- Profit (loss) carried forward +€31,094
up €31,094 (+61.0%), from €50,962 to €82,055
- Debts after one year +€23,460
new in 2025: €23,460
- Tax, wage and social debts +€11,979
up €11,979 (+194.5%), from €6,160 to €18,139
- Trade debts +€9,026
up €9,026 (+1687.3%), from €535 to €9,561
- Current portion of long-term debt +€6,069
new in 2025: €6,069
- Gross operating margin +€27,974
up €27,974 (+163.2%), from €17,141 to €45,115
- Taxes +€8,449
up €8,449 (+209.3%), from €4,037 to €12,486
- Financial charges +€499
up €499 (+213.3%), from €234 to €734
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 | €65,716 | €147,344 | +€81,628 | +124.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,029 | €1,156 | +€126 | +12.3% |
| Tangible fixed assets | 22/27 | €987 | €1,114 | +€126 | +12.8% |
| Plant, machinery and equipment | 23 | €0 | €325 | +€325 | |
| Furniture and vehicles | 24 | €987 | €789 | -€198 | -20.1% |
| Financial fixed assets | 28 | €42 | €42 | = | 0.0% |
| Current assets | 29/58 | €64,687 | €146,188 | +€81,502 | +126.0% |
| Amounts receivable within one year | 40/41 | €45,205 | €77,271 | +€32,065 | +70.9% |
| Trade receivables | 40 | €6,197 | €30,386 | +€24,189 | +390.3% |
| Other amounts receivable | 41 | €39,008 | €46,885 | +€7,877 | +20.2% |
| Cash at bank and in hand | 54/58 | €19,078 | €68,304 | +€49,226 | +258.0% |
| Deferred charges and accrued income | 490/1 | €403 | €613 | +€210 | +52.1% |
| Total equity and liabilities | 10/49 | €65,716 | €147,344 | +€81,628 | +124.2% |
| Equity | 10/15 | €59,022 | €90,115 | +€31,094 | +52.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,962 | €82,055 | +€31,094 | +61.0% |
| Amounts payable | 17/49 | €6,694 | €57,229 | +€50,534 | +754.9% |
| Amounts payable after more than one year | 17 | - | €23,460 | +€23,460 | |
| Financial debts | 170/4 | - | €23,460 | +€23,460 | |
| Amounts payable within one year | 42/48 | €6,694 | €33,769 | +€27,074 | +404.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,069 | +€6,069 | |
| Trade debts | 44 | €535 | €9,561 | +€9,026 | +1687.3% |
| Suppliers | 440/4 | €535 | €9,561 | +€9,026 | +1687.3% |
| Taxes, remuneration and social security | 45 | €6,160 | €18,139 | +€11,979 | +194.5% |
| Taxes | 450/3 | €6,160 | €18,139 | +€11,979 | +194.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €511 | +€104 | +25.6% |
| Other operating charges | 640/8 | €340 | €291 | -€49 | -14.5% |
| Gross operating margin | 9900 | €17,141 | €45,115 | +€27,974 | +163.2% |
| Operating profit (loss) | 9901 | €16,394 | €44,314 | +€27,920 | +170.3% |
| Financial charges | 65/66B | €234 | €734 | +€499 | +213.3% |
| Recurring financial charges | 65 | €234 | €734 | +€499 | +213.3% |
| Profit (loss) for the period before taxes | 9903 | €16,160 | €43,580 | +€27,420 | +169.7% |
| Income taxes | 67/77 | €4,037 | €12,486 | +€8,449 | +209.3% |
| Profit (loss) for the period | 9904 | €12,123 | €31,094 | +€18,971 | +156.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,123 | €31,094 | +€18,971 | +156.5% |
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 10 October 2026 via checked.be.