SEDAB INVEST: what changed
What changed
SEDAB INVEST
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
-€115,270
2024 · -€232,563+€117,293
Equity
€598,266
2024 · €713,536-€115,270
Cash
€946,282
2024 · €486,026+€460,256
Balance sheet total
€8.9m
2024 · €5.9m+€3.1m
Largest movements
Assets
- Stocks and contracts +€2.3m
up €2.3m (+55.0%), from €4.1m to €6.4m
- Cash +€460,256
up €460,256 (+94.7%), from €486,026 to €946,282
mainly Advances received (+€4.5m) and Other debts (+€51,699)
- Receivables within one year +€230,224
up €230,224 (+134%), from €171,690 to €401,914
of which Trade receivables: +€289,624
- Deferred charges and accrued income +€133,332
up €133,332 (+15.4%), from €864,915 to €998,247
Equity and liabilities
- Advances received +€4.5m
up €4.5m (+269%), from €1.7m to €6.2m
- Short-term financial debts -€1.4m
down €1.4m (-84.6%), from €1.7m to €255,250
- Profit (loss) carried forward -€115,270
down €115,270 (-52.7%), from -€218,781 to -€334,051
Income statement
- Gross operating margin +€122,992
up €122,992, from -€101,307 to €21,685
- Other operating charges +€30,710
up €30,710 (+1,306%), from €2,352 to €33,062
- Taxes -€14,754
down €14,754 (-100.0%), from €14,758 to €4
- Financial income +€9,509
up €9,509 (+1,268%), from €750 to €10,259
- Depreciation -€1,104
down €1,104 (-6.6%), from €16,667 to €15,563
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€232,563
Gross operating margin
+€122,992
Depreciation
+€1,104
Other operating charges
-€30,710
Financial income
+€9,509
Financial charges
-€356
Taxes
+€14,754
Result 2025
-€115,270
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.9m
Investment
+€4,071
Financing
-€1.4m
Cash 2024
€486,026
From operations (derived)
+€1.9m
Net result for the year
-€115,270
Depreciation
+€15,563
Stocks and contracts
-€2.3m
Receivables within one year
-€230,224
Deferred charges and accrued income
-€133,332
Trade debts
+€41,441
Tax, wage and social debts
+€50,015
Advances received
+€4.5m
Other debts
+€51,699
Accrued charges and deferred income
-€54,600
Investment (derived)
+€4,071
Investment in fixed assets (net)
+€4,071
Financing
-€1.4m
Debts after one year
-€9,101
Current portion of long-term debt
-€605
Short-term financial debts
-€1.4m
Cash 2025
€946,282
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,869,320 | €8,942,561 | +€3.1m | +52.4% |
| Fixed assets | 21/28 | €223,516 | €203,882 | -€19,634 | -8.8% |
| Tangible fixed assets | 22/27 | €172,393 | €152,759 | -€19,634 | -11.4% |
| Land and buildings | 22 | €160,604 | €146,821 | -€13,783 | -8.6% |
| Plant, machinery and equipment | 23 | €684 | €401 | -€283 | -41.4% |
| Furniture and vehicles | 24 | €11,105 | €5,537 | -€5,568 | -50.1% |
| Financial fixed assets | 28 | €51,123 | €51,123 | = | 0.0% |
| Current assets | 29/58 | €5,645,804 | €8,738,679 | +€3.1m | +54.8% |
| Stocks and contracts in progress | 3 | €4,123,173 | €6,392,236 | +€2.3m | +55.0% |
| Stocks | 30/36 | €4,123,173 | €6,392,236 | +€2.3m | +55.0% |
| Amounts receivable within one year | 40/41 | €171,690 | €401,914 | +€230,224 | +134% |
| Trade receivables | 40 | €76,891 | €366,515 | +€289,624 | +377% |
| Other amounts receivable | 41 | €94,799 | €35,399 | -€59,400 | -62.7% |
| Cash at bank and in hand | 54/58 | €486,026 | €946,282 | +€460,256 | +94.7% |
| Deferred charges and accrued income | 490/1 | €864,915 | €998,247 | +€133,332 | +15.4% |
| Total equity and liabilities | 10/49 | €5,869,320 | €8,942,561 | +€3.1m | +52.4% |
| Equity | 10/15 | €713,536 | €598,266 | -€115,270 | -16.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €912,317 | €912,317 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,500 | €18,500 | = | 0.0% |
| Distributable reserves | 133 | €893,817 | €893,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,781 | -€334,051 | -€115,270 | -52.7% |
| Amounts payable | 17/49 | €5,155,784 | €8,344,295 | +€3.2m | +61.8% |
| Amounts payable after more than one year | 17 | €86,882 | €77,781 | -€9,101 | -10.5% |
| Financial debts | 170/4 | €86,882 | €77,781 | -€9,101 | -10.5% |
| Amounts payable within one year | 42/48 | €5,014,302 | €8,266,514 | +€3.3m | +64.9% |
| Current portion of amounts payable after more than one year | 42 | €10,525 | €9,920 | -€605 | -5.7% |
| Financial debts | 43 | €1,658,101 | €255,250 | -€1.4m | -84.6% |
| Credit institutions | 430/8 | €1,658,101 | €255,250 | -€1.4m | -84.6% |
| Trade debts | 44 | €188,707 | €230,148 | +€41,441 | +22.0% |
| Suppliers | 440/4 | €188,707 | €230,148 | +€41,441 | +22.0% |
| Advances received on contracts in progress | 46 | €1,679,897 | €6,192,410 | +€4.5m | +269% |
| Taxes, remuneration and social security | 45 | €36,006 | €86,021 | +€50,015 | +139% |
| Taxes | 450/3 | €36,006 | €86,021 | +€50,015 | +139% |
| Other amounts payable | 47/48 | €1,441,066 | €1,492,765 | +€51,699 | +3.6% |
| Accrued charges and deferred income | 492/3 | €54,600 | - | -€54,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,667 | €15,563 | -€1,104 | -6.6% |
| Other operating charges | 640/8 | €2,352 | €33,062 | +€30,710 | +1,306% |
| Gross operating margin | 9900 | -€101,307 | €21,685 | +€122,992 | |
| Operating profit (loss) | 9901 | -€120,326 | -€26,940 | +€93,386 | +77.6% |
| Financial income | 75/76B | €750 | €10,259 | +€9,509 | +1,268% |
| Recurring financial income | 75 | €750 | €10,259 | +€9,509 | +1,268% |
| Financial charges | 65/66B | €98,229 | €98,585 | +€356 | +0.4% |
| Recurring financial charges | 65 | €98,229 | €98,585 | +€356 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€217,805 | -€115,266 | +€102,539 | +47.1% |
| Income taxes | 67/77 | €14,758 | €4 | -€14,754 | -100.0% |
| Profit (loss) for the period | 9904 | -€232,563 | -€115,270 | +€117,293 | +50.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€232,563 | -€115,270 | +€117,293 | +50.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.