SEDA HASSAN: 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 HASSAN
Largest movements
- Cash +€11,795
up €11,795 (+193%), from €6,113 to €17,907
mainly Tax, wage and social debts (+€10,060) and Net result for the year (+€4,981)
- Tangible fixed assets +€925
up €925 (+81.1%), from €1,141 to €2,066
of which Furniture and vehicles: +€1,075
- Receivables within one year +€533
up €533 (+58.2%), from €915 to €1,448
of which Trade receivables: +€560
- Tax, wage and social debts +€10,060
up €10,060 (+266%), from €3,780 to €13,840
of which Remuneration and social security: +€10,131
- Profit (loss) carried forward +€4,981
up €4,981 (+12.0%), from -€41,456 to -€36,476
- Other debts -€1,128
down €1,128 (-8.3%), from €13,550 to €12,422
- Trade debts -€662
down €662 (-12.2%), from €5,429 to €4,767
- Staff costs -€10,480
down €10,480 (-35.2%), from €29,799 to €19,319
- Gross operating margin -€4,300
down €4,300 (-12.5%), from €34,529 to €30,230
- Other operating charges +€2,112
up €2,112 (+97.6%), from €2,164 to €4,276
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 | €10,570 | €23,822 | +€13,252 | +125% |
| Fixed assets | 21/28 | €1,141 | €2,066 | +€925 | +81.1% |
| Tangible fixed assets | 22/27 | €1,141 | €2,066 | +€925 | +81.1% |
| Plant, machinery and equipment | 23 | €1,141 | €991 | -€150 | -13.1% |
| Furniture and vehicles | 24 | €0 | €1,075 | +€1,075 | |
| Current assets | 29/58 | €9,429 | €21,756 | +€12,327 | +131% |
| Stocks and contracts in progress | 3 | €1,890 | €1,890 | = | 0.0% |
| Stocks | 30/36 | €1,890 | €1,890 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €915 | €1,448 | +€533 | +58.2% |
| Trade receivables | 40 | €772 | €1,332 | +€560 | +72.6% |
| Other amounts receivable | 41 | €143 | €116 | -€28 | -19.2% |
| Cash at bank and in hand | 54/58 | €6,113 | €17,907 | +€11,795 | +193% |
| Deferred charges and accrued income | 490/1 | €510 | €510 | = | 0.0% |
| Total equity and liabilities | 10/49 | €10,570 | €23,822 | +€13,252 | +125% |
| Equity | 10/15 | -€12,189 | -€7,208 | +€4,981 | +40.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,668 | €10,668 | = | 0.0% |
| Distributable reserves | 133 | €10,668 | €10,668 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,456 | -€36,476 | +€4,981 | +12.0% |
| Amounts payable | 17/49 | €22,758 | €31,030 | +€8,271 | +36.3% |
| Amounts payable within one year | 42/48 | €22,758 | €31,030 | +€8,271 | +36.3% |
| Trade debts | 44 | €5,429 | €4,767 | -€662 | -12.2% |
| Suppliers | 440/4 | €5,429 | €4,767 | -€662 | -12.2% |
| Taxes, remuneration and social security | 45 | €3,780 | €13,840 | +€10,060 | +266% |
| Taxes | 450/3 | €2,300 | €2,229 | -€71 | -3.1% |
| Remuneration and social security | 454/9 | €1,480 | €11,611 | +€10,131 | +685% |
| Other amounts payable | 47/48 | €13,550 | €12,422 | -€1,128 | -8.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €29,799 | €19,319 | -€10,480 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303 | €318 | +€15 | +5.0% |
| Other operating charges | 640/8 | €2,164 | €4,276 | +€2,112 | +97.6% |
| Gross operating margin | 9900 | €34,529 | €30,230 | -€4,300 | -12.5% |
| Operating profit (loss) | 9901 | €2,263 | €6,316 | +€4,054 | +179% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,094 | €1,336 | +€241 | +22.1% |
| Recurring financial charges | 65 | €1,094 | €1,336 | +€241 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €1,168 | €4,981 | +€3,812 | +326% |
| Profit (loss) for the period | 9904 | €1,168 | €4,981 | +€3,812 | +326% |
| Profit (loss) for the period to be appropriated | 9905 | €1,168 | €4,981 | +€3,812 | +326% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.