Seda Consult: 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.
Seda Consult
Largest movements
- Cash -€19,191
down €19,191 (-44.1%), from €43,517 to €24,326
mainly Contributions, distributions and other (-€66,418) and Receivables within one year (-€11,689)
- Receivables within one year +€11,689
up €11,689 (+126%), from €9,246 to €20,935
of which Trade receivables: +€11,684
- Tangible fixed assets +€1,844
up €1,844 (+4.2%), from €43,452 to €45,296
of which Leasing and similar rights: +€3,925
- Deferred charges and accrued income +€1,672
up €1,672, from €0 to €1,672
- Other debts +€23,323
up €23,323 (+66.4%), from €35,125 to €58,449
- Profit (loss) carried forward -€19,940
down €19,940 (-100%), from €19,940 to €0
- Debts after one year -€11,012
down €11,012 (-46.3%), from €23,758 to €12,746
- Tax, wage and social debts +€6,631
up €6,631 (+59.9%), from €11,073 to €17,703
- Trade debts -€2,160
down €2,160 (-75.6%), from €2,856 to €696
- Gross operating margin +€16,184
up €16,184 (+31.8%), from €50,964 to €67,148
- Taxes +€5,175
up €5,175 (+51.0%), from €10,156 to €15,331
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.
Derived cash bridge
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 | €96,215 | €92,229 | -€3,986 | -4.1% |
| Fixed assets | 21/28 | €43,452 | €45,296 | +€1,844 | +4.2% |
| Tangible fixed assets | 22/27 | €43,452 | €45,296 | +€1,844 | +4.2% |
| Land and buildings | 22 | €40,000 | €40,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,871 | €1,109 | -€1,762 | -61.4% |
| Furniture and vehicles | 24 | €581 | €262 | -€319 | -54.9% |
| Leasing and similar rights | 25 | - | €3,925 | +€3,925 | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €52,763 | €46,933 | -€5,829 | -11.0% |
| Amounts receivable within one year | 40/41 | €9,246 | €20,935 | +€11,689 | +126% |
| Trade receivables | 40 | €9,246 | €20,930 | +€11,684 | +126% |
| Other amounts receivable | 41 | - | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €43,517 | €24,326 | -€19,191 | -44.1% |
| Deferred charges and accrued income | 490/1 | €0 | €1,672 | +€1,672 | |
| Total equity and liabilities | 10/49 | €96,215 | €92,229 | -€3,986 | -4.1% |
| Equity | 10/15 | €20,940 | €1,000 | -€19,940 | -95.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,940 | €0 | -€19,940 | -100% |
| Amounts payable | 17/49 | €75,275 | €91,229 | +€15,954 | +21.2% |
| Amounts payable after more than one year | 17 | €23,758 | €12,746 | -€11,012 | -46.3% |
| Financial debts | 170/4 | €23,758 | €12,746 | -€11,012 | -46.3% |
| Amounts payable within one year | 42/48 | €51,517 | €78,483 | +€26,965 | +52.3% |
| Current portion of amounts payable after more than one year | 42 | €2,463 | €1,634 | -€828 | -33.6% |
| Trade debts | 44 | €2,856 | €696 | -€2,160 | -75.6% |
| Suppliers | 440/4 | €2,856 | €696 | -€2,160 | -75.6% |
| Taxes, remuneration and social security | 45 | €11,073 | €17,703 | +€6,631 | +59.9% |
| Taxes | 450/3 | €11,073 | €17,703 | +€6,631 | +59.9% |
| Other amounts payable | 47/48 | €35,125 | €58,449 | +€23,323 | +66.4% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,081 | €2,256 | +€175 | +8.4% |
| Other operating charges | 640/8 | €2,286 | €1,909 | -€377 | -16.5% |
| Gross operating margin | 9900 | €50,964 | €67,148 | +€16,184 | +31.8% |
| Operating profit (loss) | 9901 | €46,597 | €62,983 | +€16,386 | +35.2% |
| Financial income | 75/76B | €183 | €195 | +€11 | +6.1% |
| Recurring financial income | 75 | €183 | €195 | +€11 | +6.1% |
| Financial charges | 65/66B | €1,706 | €1,369 | -€336 | -19.7% |
| Recurring financial charges | 65 | €1,706 | €1,369 | -€336 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €45,075 | €61,809 | +€16,734 | +37.1% |
| Income taxes | 67/77 | €10,156 | €15,331 | +€5,175 | +51.0% |
| Profit (loss) for the period | 9904 | €34,919 | €46,478 | +€11,559 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,919 | €46,478 | +€11,559 | +33.1% |
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 18 October 2026 via checked.be.