SE.VI.: 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.VI.
Largest movements
- Cash -€352,272
down €352,272 (-87.9%), from €400,641 to €48,370
mainly Receivables within one year (-€275,048) and Receivables after one year (-€272,507)
- Receivables within one year +€275,048
up €275,048 (+424.5%), from €64,800 to €339,848
of which Trade receivables: +€203,461
- Receivables after one year +€272,507
up €272,507 (+681.3%), from €40,000 to €312,507
- Deferred charges and accrued income +€22,682
up €22,682 (+1216.3%), from €1,865 to €24,547
- Tangible fixed assets +€22,277
up €22,277 (+7.7%), from €290,629 to €312,906
of which Furniture and vehicles: +€27,982
- Reserves +€295,133
up €295,133 (+35.5%), from €831,714 to €1.1m
of which Distributable reserves: +€295,133
- Current portion of long-term debt -€37,839
down €37,839 (-55.5%), from €68,210 to €30,371
- Short-term financial debts -€29,862
down €29,862 (-100.0%), from €29,862 to €0
- Financial income -€353,018
down €353,018 (-96.8%), from €364,577 to €11,559
of which Financial income: -€219,685
- Gross operating margin +€167,826
up €167,826 (+55.3%), from €303,710 to €471,536
- Depreciation +€19,447
up €19,447 (+113.9%), from €17,070 to €36,517
- Taxes +€18,465
up €18,465 (+15.3%), from €121,007 to €139,473
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 | €1,141,269 | €1,381,511 | +€240,242 | +21.1% |
| Fixed assets | 21/28 | €633,963 | €656,239 | +€22,277 | +3.5% |
| Tangible fixed assets | 22/27 | €290,629 | €312,906 | +€22,277 | +7.7% |
| Land and buildings | 22 | €186,954 | €181,249 | -€5,706 | -3.1% |
| Furniture and vehicles | 24 | €90,975 | €118,957 | +€27,982 | +30.8% |
| Other tangible fixed assets | 26 | €12,700 | €12,700 | = | 0.0% |
| Financial fixed assets | 28 | €343,333 | €343,333 | = | 0.0% |
| Current assets | 29/58 | €507,306 | €725,272 | +€217,965 | +43.0% |
| Amounts receivable after more than one year | 29 | €40,000 | €312,507 | +€272,507 | +681.3% |
| Other amounts receivable | 291 | €40,000 | €312,507 | +€272,507 | +681.3% |
| Amounts receivable within one year | 40/41 | €64,800 | €339,848 | +€275,048 | +424.5% |
| Trade receivables | 40 | €36,300 | €239,761 | +€203,461 | +560.5% |
| Other amounts receivable | 41 | €28,500 | €100,088 | +€71,588 | +251.2% |
| Cash at bank and in hand | 54/58 | €400,641 | €48,370 | -€352,272 | -87.9% |
| Deferred charges and accrued income | 490/1 | €1,865 | €24,547 | +€22,682 | +1216.3% |
| Total equity and liabilities | 10/49 | €1,141,269 | €1,381,511 | +€240,242 | +21.1% |
| Equity | 10/15 | €887,314 | €1,182,448 | +€295,133 | +33.3% |
| Contributions | 10/11 | €55,600 | €55,600 | = | 0.0% |
| Reserves | 13 | €831,714 | €1,126,848 | +€295,133 | +35.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €831,714 | €1,126,848 | +€295,133 | +35.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €253,954 | €199,063 | -€54,892 | -21.6% |
| Amounts payable after more than one year | 17 | €72,063 | €84,912 | +€12,850 | +17.8% |
| Financial debts | 170/4 | €72,063 | €84,912 | +€12,850 | +17.8% |
| Amounts payable within one year | 42/48 | €180,808 | €113,055 | -€67,754 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €68,210 | €30,371 | -€37,839 | -55.5% |
| Financial debts | 43 | €29,862 | €0 | -€29,862 | -100.0% |
| Credit institutions | 430/8 | €29,862 | €0 | -€29,862 | -100.0% |
| Trade debts | 44 | €2,546 | €4,915 | +€2,368 | +93.0% |
| Suppliers | 440/4 | €2,546 | €4,915 | +€2,368 | +93.0% |
| Taxes, remuneration and social security | 45 | €66,566 | €77,769 | +€11,204 | +16.8% |
| Taxes | 450/3 | €66,406 | €77,769 | +€11,364 | +17.1% |
| Remuneration and social security | 454/9 | €160 | €0 | -€160 | -100.0% |
| Other amounts payable | 47/48 | €13,624 | €0 | -€13,624 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,084 | €1,096 | +€12 | +1.1% |
| Non-recurring operating income | 76A | €18,500 | €8,264 | -€10,236 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,070 | €36,517 | +€19,447 | +113.9% |
| Other operating charges | 640/8 | €7,046 | €6,573 | -€473 | -6.7% |
| Gross operating margin | 9900 | €303,710 | €471,536 | +€167,826 | +55.3% |
| Operating profit (loss) | 9901 | €279,594 | €428,446 | +€148,852 | +53.2% |
| Financial income | 75/76B | €364,577 | €11,559 | -€353,018 | -96.8% |
| Recurring financial income | 75 | €231,243 | €11,559 | -€219,685 | -95.0% |
| Non-recurring financial income | 76B | €133,333 | €0 | -€133,333 | -100.0% |
| Financial charges | 65/66B | €6,860 | €5,398 | -€1,462 | -21.3% |
| Recurring financial charges | 65 | €6,860 | €5,398 | -€1,462 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €637,311 | €434,606 | -€202,704 | -31.8% |
| Income taxes | 67/77 | €121,007 | €139,473 | +€18,465 | +15.3% |
| Profit (loss) for the period | 9904 | €516,303 | €295,133 | -€221,170 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €516,303 | €295,133 | -€221,170 | -42.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.