SEATS AND SOFAS: 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.
What changed
SEATS AND SOFAS
NACE 46.494, Wholesale of non-electrical household articles
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.2m
2024 · €4.9m-€1.7m
Equity
€2.4m
2024 · €2.4m-€1,619
Cash
€1.3m
2024 · €1.1m+€237,604
Balance sheet total
€7.5m
2024 · €8.2m-€663,135
Largest movements
Assets
- Receivables within one year -€626,330
down €626,330 (-13.5%), from €4.7m to €4.0m
of which Other amounts receivable: -€603,624
- Stocks and contracts -€412,452
down €412,452 (-22.6%), from €1.8m to €1.4m
- Cash +€237,604
up €237,604 (+21.8%), from €1.1m to €1.3m
mainly Net result for the year (+€3.2m) and Receivables within one year (+€626,330)
- Deferred charges and accrued income +€99,472
up €99,472 (+29.6%), from €335,885 to €435,357
Equity and liabilities
- Accrued charges and deferred income -€252,321
down €252,321 (-41.2%), from €611,795 to €359,475
- Trade debts -€202,881
down €202,881 (-44.1%), from €460,379 to €257,498
- Advances received -€182,229
down €182,229 (-6.4%), from €2.9m to €2.7m
Income statement
- Turnover -€2.4m
down €2.4m (-7.3%), from €32.7m to €30.3m
- Taxes -€608,613
down €608,613 (-36.3%), from €1.7m to €1.1m
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.
Result 2024
€4.9m
Turnover
-€2.4m
Other operating income
-€21,837
Goods and materials
+€106,482
Services and other goods
+€160,012
Staff costs
-€136,289
Depreciation
-€3,274
Write-downs
+€98,511
Provisions
+€17,162
Other operating charges
-€32,804
Financial income
-€130,139
Financial charges
-€7,139
Taxes
+€608,613
Result 2025
€3.2m
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.
From operations
+€3.6m
Investment
-€175,476
Financing
-€3.2m
Cash 2024
€1.1m
From operations (derived)
+€3.6m
Net result for the year
+€3.2m
Depreciation
+€136,905
Stocks and contracts
+€412,452
Receivables within one year
+€626,330
Deferred charges and accrued income
-€99,472
Provisions
-€11,832
Trade debts
-€202,881
Tax, wage and social debts
-€12,253
Advances received
-€182,229
Accrued charges and deferred income
-€252,321
Investment (derived)
-€175,476
Investment in fixed assets (net)
-€175,476
Financing
-€3.2m
Contributions, distributions and other
-€3.2m
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,158,501 | €7,495,366 | -€663,135 | -8.1% |
| Fixed assets | 21/28 | €255,026 | €293,597 | +€38,571 | +15.1% |
| Tangible fixed assets | 22/27 | €254,276 | €292,847 | +€38,571 | +15.2% |
| Plant, machinery and equipment | 23 | €135,018 | €232,355 | +€97,337 | +72.1% |
| Furniture and vehicles | 24 | €23,525 | €14,410 | -€9,115 | -38.7% |
| Other tangible fixed assets | 26 | €95,732 | €46,082 | -€49,650 | -51.9% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Other financial fixed assets | 284/8 | €750 | €750 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €7,903,475 | €7,201,769 | -€701,706 | -8.9% |
| Stocks and contracts in progress | 3 | €1,827,521 | €1,415,070 | -€412,452 | -22.6% |
| Stocks | 30/36 | €1,827,521 | €1,415,070 | -€412,452 | -22.6% |
| Goods purchased for resale | 34 | €1,827,521 | €1,415,070 | -€412,452 | -22.6% |
| Amounts receivable within one year | 40/41 | €4,650,108 | €4,023,778 | -€626,330 | -13.5% |
| Trade receivables | 40 | €95,129 | €72,423 | -€22,706 | -23.9% |
| Other amounts receivable | 41 | €4,554,979 | €3,951,355 | -€603,624 | -13.3% |
| Cash at bank and in hand | 54/58 | €1,089,960 | €1,327,564 | +€237,604 | +21.8% |
| Deferred charges and accrued income | 490/1 | €335,885 | €435,357 | +€99,472 | +29.6% |
| Total equity and liabilities | 10/49 | €8,158,501 | €7,495,366 | -€663,135 | -8.1% |
| Equity | 10/15 | €2,442,728 | €2,441,109 | -€1,619 | -0.1% |
| Contributions | 10/11 | €145,000 | €145,000 | = | 0.0% |
| Capital | 10 | €145,000 | €145,000 | = | 0.0% |
| Issued capital | 100 | €145,000 | €145,000 | = | 0.0% |
| Reserves | 13 | €2,294,500 | €2,294,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,500 | €14,500 | = | 0.0% |
| Legal reserve | 130 | €14,500 | €14,500 | = | 0.0% |
| Distributable reserves | 133 | €2,280,000 | €2,280,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,228 | €1,609 | -€1,619 | -50.2% |
| Provisions and deferred taxes | 16 | €163,120 | €151,288 | -€11,832 | -7.3% |
| Provisions for liabilities and charges | 160/5 | €163,120 | €151,288 | -€11,832 | -7.3% |
| Other liabilities and charges | 164/5 | €163,120 | €151,288 | -€11,832 | -7.3% |
| Amounts payable | 17/49 | €5,552,652 | €4,902,969 | -€649,684 | -11.7% |
| Amounts payable within one year | 42/48 | €4,940,857 | €4,543,494 | -€397,363 | -8.0% |
| Trade debts | 44 | €460,379 | €257,498 | -€202,881 | -44.1% |
| Suppliers | 440/4 | €460,379 | €257,498 | -€202,881 | -44.1% |
| Advances received on contracts in progress | 46 | €2,863,843 | €2,681,614 | -€182,229 | -6.4% |
| Taxes, remuneration and social security | 45 | €1,616,635 | €1,604,382 | -€12,253 | -0.8% |
| Taxes | 450/3 | €1,019,971 | €1,108,239 | +€88,268 | +8.7% |
| Remuneration and social security | 454/9 | €596,664 | €496,143 | -€100,521 | -16.8% |
| Accrued charges and deferred income | 492/3 | €611,795 | €359,475 | -€252,321 | -41.2% |
| Operating income | 70/76A | €32,912,812 | €30,513,896 | -€2.4m | -7.3% |
| Turnover | 70 | €32,659,053 | €30,281,973 | -€2.4m | -7.3% |
| Other operating income | 74 | €253,760 | €231,923 | -€21,837 | -8.6% |
| Operating charges | 60/66A | €26,607,941 | €26,398,141 | -€209,800 | -0.8% |
| Goods for resale, raw materials and consumables | 60 | €12,921,266 | €12,814,784 | -€106,482 | -0.8% |
| Purchases | 600/8 | €13,116,393 | €12,391,456 | -€724,937 | -5.5% |
| Change in stocks: decrease (increase) | 609 | -€195,127 | €423,328 | +€618,454 | |
| Services and other goods | 61 | €6,267,515 | €6,107,502 | -€160,012 | -2.6% |
| Remuneration, social security and pensions | 62 | €7,028,612 | €7,164,901 | +€136,289 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,630 | €136,905 | +€3,274 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €87,635 | -€10,876 | -€98,511 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,330 | -€11,832 | -€17,162 | |
| Other operating charges | 640/8 | €163,953 | €196,757 | +€32,804 | +20.0% |
| Operating profit (loss) | 9901 | €6,304,872 | €4,115,755 | -€2.2m | -34.7% |
| Financial income | 75/76B | €267,216 | €137,077 | -€130,139 | -48.7% |
| Recurring financial income | 75 | €267,216 | €137,077 | -€130,139 | -48.7% |
| Income from current assets | 751 | €265,756 | €133,784 | -€131,972 | -49.7% |
| Other financial income | 752/9 | €1,460 | €3,293 | +€1,833 | +125.6% |
| Financial charges | 65/66B | €12,499 | €19,639 | +€7,139 | +57.1% |
| Recurring financial charges | 65 | €12,499 | €19,639 | +€7,139 | +57.1% |
| Debt charges | 650 | €0 | €0 | +€0 | +50.0% |
| Other financial charges | 652/9 | €12,499 | €19,638 | +€7,139 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €6,559,588 | €4,233,193 | -€2.3m | -35.5% |
| Income taxes | 67/77 | €1,678,425 | €1,069,812 | -€608,613 | -36.3% |
| Taxes | 670/3 | €1,678,425 | €1,069,812 | -€608,613 | -36.3% |
| Profit (loss) for the period | 9904 | €4,881,163 | €3,163,381 | -€1.7m | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,881,163 | €3,163,381 | -€1.7m | -35.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.