SEDAT: 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.
SEDAT
Largest movements
- Tangible fixed assets +€15,697
new in 2025: €15,697
- Receivables within one year -€12,633
down €12,633 (-25.5%), from €49,605 to €36,972
of which Other amounts receivable: -€13,382
- Cash -€9,973
down €9,973 (-44.8%), from €22,284 to €12,311
mainly Investment in fixed assets (net) (-€18,785) and Tax, wage and social debts (-€8,109)
- Stocks and contracts +€955
up €955 (+237.7%), from €402 to €1,357
- Tax, wage and social debts -€8,109
down €8,109 (-99.6%), from €8,143 to €34
of which Remuneration and social security: -€7,878
- Trade debts +€1,159
up €1,159 (+139.1%), from €834 to €1,993
- Profit (loss) carried forward +€996
up €996 (+2.3%), from €44,186 to €45,183
- Gross operating margin +€25,045
up €25,045 (+7599.9%), from €330 to €25,375
- Other operating charges +€10,624
up €10,624 (+107.8%), from €9,858 to €20,482
- Staff costs -€5,055
no longer reported in 2025 (was €5,055)
- Depreciation +€3,088
new in 2025: €3,088
- Financial charges +€564
up €564 (+230.6%), from €244 to €808
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.
Cash bridge derived
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 | €72,641 | €66,687 | -€5,954 | -8.2% |
| Fixed assets | 21/28 | €350 | €16,047 | +€15,697 | +4484.9% |
| Tangible fixed assets | 22/27 | - | €15,697 | +€15,697 | |
| Furniture and vehicles | 24 | - | €15,697 | +€15,697 | |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €72,291 | €50,640 | -€21,651 | -29.9% |
| Stocks and contracts in progress | 3 | €402 | €1,357 | +€955 | +237.7% |
| Stocks | 30/36 | €402 | €1,357 | +€955 | +237.7% |
| Amounts receivable within one year | 40/41 | €49,605 | €36,972 | -€12,633 | -25.5% |
| Trade receivables | 40 | - | €749 | +€749 | |
| Other amounts receivable | 41 | €49,605 | €36,223 | -€13,382 | -27.0% |
| Cash at bank and in hand | 54/58 | €22,284 | €12,311 | -€9,973 | -44.8% |
| Total equity and liabilities | 10/49 | €72,641 | €66,687 | -€5,954 | -8.2% |
| Equity | 10/15 | €63,664 | €64,661 | +€996 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €878 | €878 | = | 0.0% |
| Non-distributable reserves | 130/1 | €878 | €878 | = | 0.0% |
| Reserves not available under the articles | 1311 | €878 | €878 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,186 | €45,183 | +€996 | +2.3% |
| Amounts payable | 17/49 | €8,977 | €2,027 | -€6,950 | -77.4% |
| Amounts payable within one year | 42/48 | €8,977 | €2,027 | -€6,950 | -77.4% |
| Trade debts | 44 | €834 | €1,993 | +€1,159 | +139.1% |
| Suppliers | 440/4 | €834 | €1,993 | +€1,159 | +139.1% |
| Taxes, remuneration and social security | 45 | €8,143 | €34 | -€8,109 | -99.6% |
| Taxes | 450/3 | €265 | €34 | -€231 | -87.2% |
| Remuneration and social security | 454/9 | €7,878 | - | -€7,878 | |
| Remuneration, social security and pensions | 62 | €5,055 | - | -€5,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,088 | +€3,088 | |
| Other operating charges | 640/8 | €9,858 | €20,482 | +€10,624 | +107.8% |
| Gross operating margin | 9900 | €330 | €25,375 | +€25,045 | +7599.9% |
| Operating profit (loss) | 9901 | -€14,584 | €1,804 | +€16,388 | |
| Financial charges | 65/66B | €244 | €808 | +€564 | +230.6% |
| Recurring financial charges | 65 | €244 | €808 | +€564 | +230.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,828 | €996 | +€15,825 | |
| Profit (loss) for the period | 9904 | -€14,828 | €996 | +€15,825 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,828 | €996 | +€15,825 |
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 9 October 2026 via checked.be.