SEDAN: 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.
SEDAN
Largest movements
- Receivables within one year +€34,300
up €34,300 (+81.7%), from €42,000 to €76,300
- Tangible fixed assets -€13,665
down €13,665 (-4.8%), from €287,017 to €273,352
- Cash +€4,083
new in 2024: €4,083
mainly Trade debts (+€30,300) and Net result for the year (+€27,654)
- Trade debts +€30,300
up €30,300 (+180.0%), from €16,833 to €47,133
- Profit (loss) carried forward +€27,654
up €27,654 (+4.7%), from -€583,422 to -€555,767
- Tax, wage and social debts -€12,801
down €12,801 (-100.0%), from €12,801 to €0
- Debts after one year -€9,599
down €9,599 (-8.9%), from €108,118 to €98,519
- Short-term financial debts -€6,007
down €6,007 (-4.4%), from €136,807 to €130,800
of which Other loans: -€46,407
- Gross operating margin -€55,873
down €55,873 (-46.4%), from €120,424 to €64,551
- Financial charges +€4,290
up €4,290 (+27.1%), from €15,829 to €20,119
- Other operating charges +€1,710
up €1,710 (+27.4%), from €6,232 to €7,942
- Depreciation -€1,529
down €1,529 (-10.1%), from €15,194 to €13,665
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €329,017 | €353,735 | +€24,718 | +7.5% |
| Fixed assets | 21/28 | €287,017 | €273,352 | -€13,665 | -4.8% |
| Tangible fixed assets | 22/27 | €287,017 | €273,352 | -€13,665 | -4.8% |
| Land and buildings | 22 | €287,017 | €273,352 | -€13,665 | -4.8% |
| Current assets | 29/58 | €42,000 | €80,383 | +€38,383 | +91.4% |
| Amounts receivable within one year | 40/41 | €42,000 | €76,300 | +€34,300 | +81.7% |
| Trade receivables | 40 | €42,000 | €76,300 | +€34,300 | +81.7% |
| Cash at bank and in hand | 54/58 | - | €4,083 | +€4,083 | |
| Total equity and liabilities | 10/49 | €329,017 | €353,735 | +€24,718 | +7.5% |
| Equity | 10/15 | -€486,133 | -€461,666 | +€24,466 | +5.0% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€583,422 | -€555,767 | +€27,654 | +4.7% |
| Investment grants | 15 | €15,484 | €12,296 | -€3,188 | -20.6% |
| Provisions and deferred taxes | 16 | €14,062 | €12,421 | -€1,641 | -11.7% |
| Deferred taxes | 168 | €14,062 | €12,421 | -€1,641 | -11.7% |
| Amounts payable | 17/49 | €801,088 | €802,980 | +€1,893 | +0.2% |
| Amounts payable after more than one year | 17 | €108,118 | €98,519 | -€9,599 | -8.9% |
| Financial debts | 170/4 | €108,118 | €98,519 | -€9,599 | -8.9% |
| Amounts payable within one year | 42/48 | €692,969 | €704,461 | +€11,492 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €28,928 | €28,928 | -€0 | 0.0% |
| Financial debts | 43 | €136,807 | €130,800 | -€6,007 | -4.4% |
| Credit institutions | 430/8 | €90,400 | €130,800 | +€40,400 | +44.7% |
| Other loans | 439 | €46,407 | - | -€46,407 | |
| Trade debts | 44 | €16,833 | €47,133 | +€30,300 | +180.0% |
| Suppliers | 440/4 | €16,833 | €47,133 | +€30,300 | +180.0% |
| Taxes, remuneration and social security | 45 | €12,801 | €0 | -€12,801 | -100.0% |
| Taxes | 450/3 | €12,801 | €0 | -€12,801 | -100.0% |
| Other amounts payable | 47/48 | €497,601 | €497,601 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,194 | €13,665 | -€1,529 | -10.1% |
| Other operating charges | 640/8 | €6,232 | €7,942 | +€1,710 | +27.4% |
| Gross operating margin | 9900 | €120,424 | €64,551 | -€55,873 | -46.4% |
| Operating profit (loss) | 9901 | €98,998 | €42,944 | -€56,054 | -56.6% |
| Financial income | 75/76B | €5,836 | €4,829 | -€1,006 | -17.2% |
| Recurring financial income | 75 | €5,836 | €4,829 | -€1,006 | -17.2% |
| Financial charges | 65/66B | €15,829 | €20,119 | +€4,290 | +27.1% |
| Recurring financial charges | 65 | €15,829 | €20,119 | +€4,290 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €89,005 | €27,654 | -€61,351 | -68.9% |
| Profit (loss) for the period | 9904 | €89,005 | €27,654 | -€61,351 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,005 | €27,654 | -€61,351 | -68.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.