SeBeGo: 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.
SeBeGo
Largest movements
- Receivables within one year +€40,821
up €40,821 (+46.9%), from €87,066 to €127,887
of which Trade receivables: +€38,634
- Tangible fixed assets +€14,885
up €14,885 (+423.2%), from €3,518 to €18,402
of which Furniture and vehicles: +€9,078
- Cash -€9,567
down €9,567 (-41.9%), from €22,816 to €13,249
mainly Receivables within one year (-€40,821) and Contributions, distributions and other (-€24,000)
- Trade debts +€18,337
up €18,337 (+129.8%), from €14,128 to €32,465
- Short-term financial debts +€16,042
new in 2025: €16,042
- Other debts +€6,035
up €6,035 (+63.4%), from €9,520 to €15,555
- Tax, wage and social debts +€4,521
up €4,521 (+227.3%), from €1,989 to €6,510
- Gross operating margin -€5,282
down €5,282 (-12.4%), from €42,576 to €37,294
- Depreciation +€2,140
up €2,140 (+116.8%), from €1,832 to €3,973
- Taxes -€1,773
down €1,773 (-17.0%), from €10,419 to €8,646
- Financial income -€464
down €464 (-49.6%), from €935 to €471
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 | €115,351 | €160,995 | +€45,644 | +39.6% |
| Fixed assets | 21/28 | €3,518 | €18,402 | +€14,885 | +423.2% |
| Tangible fixed assets | 22/27 | €3,518 | €18,402 | +€14,885 | +423.2% |
| Land and buildings | 22 | €839 | €5,748 | +€4,909 | +584.7% |
| Plant, machinery and equipment | 23 | €243 | €1,142 | +€899 | +369.6% |
| Furniture and vehicles | 24 | €2,435 | €11,513 | +€9,078 | +372.8% |
| Current assets | 29/58 | €111,833 | €142,592 | +€30,759 | +27.5% |
| Amounts receivable within one year | 40/41 | €87,066 | €127,887 | +€40,821 | +46.9% |
| Trade receivables | 40 | €73,904 | €112,537 | +€38,634 | +52.3% |
| Other amounts receivable | 41 | €13,162 | €15,350 | +€2,188 | +16.6% |
| Cash at bank and in hand | 54/58 | €22,816 | €13,249 | -€9,567 | -41.9% |
| Deferred charges and accrued income | 490/1 | €1,952 | €1,456 | -€496 | -25.4% |
| Total equity and liabilities | 10/49 | €115,351 | €160,995 | +€45,644 | +39.6% |
| Equity | 10/15 | €89,326 | €89,636 | +€310 | +0.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €88,326 | €88,636 | +€310 | +0.4% |
| Distributable reserves | 133 | €88,326 | €88,636 | +€310 | +0.4% |
| Amounts payable | 17/49 | €26,025 | €71,359 | +€45,334 | +174.2% |
| Amounts payable within one year | 42/48 | €25,638 | €70,572 | +€44,935 | +175.3% |
| Financial debts | 43 | - | €16,042 | +€16,042 | |
| Credit institutions | 430/8 | - | €16,042 | +€16,042 | |
| Trade debts | 44 | €14,128 | €32,465 | +€18,337 | +129.8% |
| Suppliers | 440/4 | €14,128 | €32,465 | +€18,337 | +129.8% |
| Taxes, remuneration and social security | 45 | €1,989 | €6,510 | +€4,521 | +227.3% |
| Taxes | 450/3 | €1,989 | €6,510 | +€4,521 | +227.3% |
| Other amounts payable | 47/48 | €9,520 | €15,555 | +€6,035 | +63.4% |
| Accrued charges and deferred income | 492/3 | €387 | €786 | +€399 | +103.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,832 | €3,973 | +€2,140 | +116.8% |
| Other operating charges | 640/8 | €789 | €536 | -€253 | -32.1% |
| Gross operating margin | 9900 | €42,576 | €37,294 | -€5,282 | -12.4% |
| Operating profit (loss) | 9901 | €39,955 | €32,785 | -€7,170 | -17.9% |
| Financial income | 75/76B | €935 | €471 | -€464 | -49.6% |
| Recurring financial income | 75 | €935 | €471 | -€464 | -49.6% |
| Financial charges | 65/66B | €697 | €299 | -€397 | -57.0% |
| Recurring financial charges | 65 | €697 | €299 | -€397 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €40,193 | €32,956 | -€7,236 | -18.0% |
| Income taxes | 67/77 | €10,419 | €8,646 | -€1,773 | -17.0% |
| Profit (loss) for the period | 9904 | €29,774 | €24,310 | -€5,464 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,774 | €24,310 | -€5,464 | -18.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.