SEDA HOMES: 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 HOMES
Largest movements
- Stocks and contracts +€97,452
up €97,452 (+236%), from €41,250 to €138,702
- Receivables within one year -€21,624
down €21,624 (-73.2%), from €29,531 to €7,908
of which Other amounts receivable: -€20,770
- Tangible fixed assets -€2,169
down €2,169 (-31.6%), from €6,869 to €4,700
- Cash +€2,084
up €2,084 (+119%), from €1,752 to €3,836
mainly Debts after one year (+€71,961) and Receivables within one year (+€21,624)
- Debts after one year +€71,961
up €71,961 (+293%), from €24,527 to €96,488
- Short-term financial debts +€9,250
new in 2025: €9,250
- Trade debts -€8,345
down €8,345 (-81.5%), from €10,234 to €1,889
- Current portion of long-term debt +€4,267
up €4,267 (+31.0%), from €13,781 to €18,048
- Other debts -€2,750
no longer reported in 2025 (was €2,750)
- Gross operating margin +€14,476
up €14,476, from -€112 to €14,365
- Financial charges +€5,654
up €5,654 (+171%), from €3,308 to €8,962
- Taxes +€903
new in 2025: €903
- Other operating charges +€449
up €449 (+36.1%), from €1,244 to €1,693
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 | €130,401 | €206,521 | +€76,119 | +58.4% |
| Fixed assets | 21/28 | €57,869 | €55,700 | -€2,169 | -3.7% |
| Tangible fixed assets | 22/27 | €6,869 | €4,700 | -€2,169 | -31.6% |
| Furniture and vehicles | 24 | €6,869 | €4,700 | -€2,169 | -31.6% |
| Financial fixed assets | 28 | €51,000 | €51,000 | = | 0.0% |
| Current assets | 29/58 | €72,533 | €150,821 | +€78,288 | +108% |
| Stocks and contracts in progress | 3 | €41,250 | €138,702 | +€97,452 | +236% |
| Stocks | 30/36 | €41,250 | €138,702 | +€97,452 | +236% |
| Amounts receivable within one year | 40/41 | €29,531 | €7,908 | -€21,624 | -73.2% |
| Trade receivables | 40 | €997 | €143 | -€854 | -85.6% |
| Other amounts receivable | 41 | €28,534 | €7,764 | -€20,770 | -72.8% |
| Cash at bank and in hand | 54/58 | €1,752 | €3,836 | +€2,084 | +119% |
| Deferred charges and accrued income | 490/1 | - | €375 | +€375 | |
| Total equity and liabilities | 10/49 | €130,401 | €206,521 | +€76,119 | +58.4% |
| Equity | 10/15 | €77,956 | €78,593 | +€638 | +0.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,956 | €3,593 | +€638 | +21.6% |
| Amounts payable | 17/49 | €52,446 | €127,928 | +€75,482 | +144% |
| Amounts payable after more than one year | 17 | €24,527 | €96,488 | +€71,961 | +293% |
| Financial debts | 170/4 | €24,527 | €96,488 | +€71,961 | +293% |
| Amounts payable within one year | 42/48 | €27,919 | €31,440 | +€3,521 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €13,781 | €18,048 | +€4,267 | +31.0% |
| Financial debts | 43 | - | €9,250 | +€9,250 | |
| Credit institutions | 430/8 | - | €9,250 | +€9,250 | |
| Trade debts | 44 | €10,234 | €1,889 | -€8,345 | -81.5% |
| Suppliers | 440/4 | €10,234 | €1,889 | -€8,345 | -81.5% |
| Taxes, remuneration and social security | 45 | €1,154 | €2,253 | +€1,099 | +95.3% |
| Taxes | 450/3 | €1,154 | €2,253 | +€1,099 | +95.3% |
| Other amounts payable | 47/48 | €2,750 | - | -€2,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,169 | €2,169 | = | 0.0% |
| Other operating charges | 640/8 | €1,244 | €1,693 | +€449 | +36.1% |
| Gross operating margin | 9900 | -€112 | €14,365 | +€14,476 | |
| Operating profit (loss) | 9901 | -€3,525 | €10,502 | +€14,027 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,308 | €8,962 | +€5,654 | +171% |
| Recurring financial charges | 65 | €3,308 | €8,962 | +€5,654 | +171% |
| Profit (loss) for the period before taxes | 9903 | -€6,833 | €1,541 | +€8,373 | |
| Income taxes | 67/77 | - | €903 | +€903 | |
| Profit (loss) for the period | 9904 | -€6,833 | €638 | +€7,470 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,833 | €638 | +€7,470 |
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 14 October 2026 via checked.be.