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SeasonsAhead: 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.

What changed

SeasonsAhead

BE 0809.630.294
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€17,646
2024 · -€21,084+€3,438
Equity
€93,059
2024 · €110,705-€17,646
Cash
€35,684
2024 · €49,383-€13,698
Balance sheet total
€94,264
2024 · €112,450-€18,186

Largest movements

2024 to 2025
Assets
  • Cash -€13,698

    down €13,698 (-27.7%), from €49,383 to €35,684

    mainly Net result for the year (-€17,646) and Tax, wage and social debts (-€1,108)

  • Tangible fixed assets -€3,409

    down €3,409 (-5.8%), from €58,303 to €54,894

    of which Land and buildings: -€3,066

Equity and liabilities
  • Reserves -€17,646

    down €17,646 (-17.9%), from €98,305 to €80,659

    of which Distributable reserves: -€17,646

Income statement
  • Gross operating margin +€2,359

    up €2,359 (+14.8%), from -€15,968 to -€13,610

  • Depreciation -€575

    down €575 (-14.4%), from €3,984 to €3,409

  • Other operating charges -€240

    down €240 (-29.6%), from €812 to €572

  • Financial income +€205

    up €205 (+151.7%), from €135 to €341

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€21,084
Gross operating margin +€2,359
Depreciation +€575
Other operating charges +€240
Financial income +€205
Financial charges +€61
Taxes -€2
Result 2025 -€17,646

Cash bridge derived

cash 2024 to 2025

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.

From operations -€13,698
Investment €0
Financing €0
Cash 2024 €49,383
Net result for the year -€17,646
Depreciation +€3,409
Receivables within one year +€1,037
Deferred charges and accrued income +€42
Trade debts -€283
Tax, wage and social debts -€1,108
Accrued charges and deferred income +€850
Cash 2025 €35,684
Every line side by side 38 lines
Line Code 2024 2025 Change %
Total assets 20/58 €112,450 €94,264 -€18,186 -16.2%
Fixed assets 21/28 €58,303 €54,894 -€3,409 -5.8%
Tangible fixed assets 22/27 €58,303 €54,894 -€3,409 -5.8%
Land and buildings 22 €57,507 €54,440 -€3,066 -5.3%
Furniture and vehicles 24 €796 €453 -€343 -43.0%
Current assets 29/58 €54,147 €39,370 -€14,777 -27.3%
Amounts receivable within one year 40/41 €3,951 €2,914 -€1,037 -26.2%
Other amounts receivable 41 €3,951 €2,914 -€1,037 -26.2%
Cash at bank and in hand 54/58 €49,383 €35,684 -€13,698 -27.7%
Deferred charges and accrued income 490/1 €814 €772 -€42 -5.1%
Total equity and liabilities 10/49 €112,450 €94,264 -€18,186 -16.2%
Equity 10/15 €110,705 €93,059 -€17,646 -15.9%
Contributions 10/11 €12,400 €12,400 = 0.0%
Reserves 13 €98,305 €80,659 -€17,646 -17.9%
Non-distributable reserves 130/1 €0 - =
Reserves not available under the articles 1311 €0 - =
Distributable reserves 133 €98,305 €80,659 -€17,646 -17.9%
Amounts payable 17/49 €1,745 €1,205 -€541 -31.0%
Amounts payable within one year 42/48 €1,745 €355 -€1,391 -79.7%
Current portion of amounts payable after more than one year 42 €0 - =
Trade debts 44 €569 €286 -€283 -49.7%
Suppliers 440/4 €569 €286 -€283 -49.7%
Taxes, remuneration and social security 45 €1,176 €68 -€1,108 -94.2%
Taxes 450/3 €119 €68 -€50 -42.4%
Remuneration and social security 454/9 €1,057 €0 -€1,057 -100.0%
Accrued charges and deferred income 492/3 €0 €850 +€850
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €3,984 €3,409 -€575 -14.4%
Other operating charges 640/8 €812 €572 -€240 -29.6%
Gross operating margin 9900 -€15,968 -€13,610 +€2,359 +14.8%
Operating profit (loss) 9901 -€20,765 -€17,591 +€3,174 +15.3%
Financial income 75/76B €135 €341 +€205 +151.7%
Recurring financial income 75 €135 €341 +€205 +151.7%
Financial charges 65/66B €321 €260 -€61 -18.9%
Recurring financial charges 65 €321 €260 -€61 -18.9%
Profit (loss) for the period before taxes 9903 -€20,950 -€17,510 +€3,440 +16.4%
Income taxes 67/77 €133 €135 +€2 +1.6%
Profit (loss) for the period 9904 -€21,084 -€17,646 +€3,438 +16.3%
Profit (loss) for the period to be appropriated 9905 -€21,084 -€17,646 +€3,438 +16.3%

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 29 September 2026 via checked.be.