Sedata: 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.
Sedata
Largest movements
- Tangible fixed assets +€56,117
new in 2025: €56,117
- Cash +€16,484
up €16,484 (+549.5%), from €3,000 to €19,484
mainly Debts after one year (+€41,828) and Current portion of long-term debt (+€14,000)
- Receivables within one year -€3,700
down €3,700 (-100.0%), from €3,700 to €0
- Deferred charges and accrued income +€1,499
up €1,499 (+25.0%), from €6,000 to €7,499
- Debts after one year +€41,828
new in 2025: €41,828
- Current portion of long-term debt +€14,000
new in 2025: €14,000
- Reserves +€10,212
up €10,212 (+151.6%), from €6,738 to €16,950
- Tax, wage and social debts +€5,348
up €5,348 (+316.8%), from €1,688 to €7,036
- Accrued charges and deferred income -€1,210
down €1,210 (-100.0%), from €1,210 to €0
- Gross operating margin +€7,762
up €7,762 (+87.3%), from €8,895 to €16,657
- Depreciation +€2,006
new in 2025: €2,006
- Taxes +€1,710
up €1,710 (+101.3%), from €1,688 to €3,398
- Financial charges +€324
up €324 (+686.6%), from €47 to €372
- Other operating charges +€246
up €246 (+58.3%), from €422 to €668
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 | €12,700 | €83,101 | +€70,401 | +554.3% |
| Fixed assets | 21/28 | - | €56,117 | +€56,117 | |
| Tangible fixed assets | 22/27 | - | €56,117 | +€56,117 | |
| Leasing and similar rights | 25 | - | €56,117 | +€56,117 | |
| Current assets | 29/58 | €12,700 | €26,984 | +€14,284 | +112.5% |
| Amounts receivable within one year | 40/41 | €3,700 | €0 | -€3,700 | -100.0% |
| Trade receivables | 40 | €3,700 | €0 | -€3,700 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,000 | €19,484 | +€16,484 | +549.5% |
| Deferred charges and accrued income | 490/1 | €6,000 | €7,499 | +€1,499 | +25.0% |
| Total equity and liabilities | 10/49 | €12,700 | €83,101 | +€70,401 | +554.3% |
| Equity | 10/15 | €9,738 | €19,950 | +€10,212 | +104.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,738 | €16,950 | +€10,212 | +151.6% |
| Distributable reserves | 133 | €6,738 | €16,950 | +€10,212 | +151.6% |
| Amounts payable | 17/49 | €2,962 | €63,151 | +€60,188 | +2031.8% |
| Amounts payable after more than one year | 17 | - | €41,828 | +€41,828 | |
| Financial debts | 170/4 | - | €41,828 | +€41,828 | |
| Amounts payable within one year | 42/48 | €1,752 | €21,323 | +€19,571 | +1116.8% |
| Current portion of amounts payable after more than one year | 42 | - | €14,000 | +€14,000 | |
| Trade debts | 44 | - | €245 | +€245 | |
| Suppliers | 440/4 | - | €245 | +€245 | |
| Taxes, remuneration and social security | 45 | €1,688 | €7,036 | +€5,348 | +316.8% |
| Taxes | 450/3 | €1,688 | €7,036 | +€5,348 | +316.8% |
| Other amounts payable | 47/48 | €64 | €42 | -€22 | -35.0% |
| Accrued charges and deferred income | 492/3 | €1,210 | €0 | -€1,210 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,006 | +€2,006 | |
| Other operating charges | 640/8 | €422 | €668 | +€246 | +58.3% |
| Gross operating margin | 9900 | €8,895 | €16,657 | +€7,762 | +87.3% |
| Operating profit (loss) | 9901 | €8,473 | €13,982 | +€5,509 | +65.0% |
| Financial charges | 65/66B | €47 | €372 | +€324 | +686.6% |
| Recurring financial charges | 65 | €47 | €372 | +€324 | +686.6% |
| Profit (loss) for the period before taxes | 9903 | €8,426 | €13,611 | +€5,185 | +61.5% |
| Income taxes | 67/77 | €1,688 | €3,398 | +€1,710 | +101.3% |
| Profit (loss) for the period | 9904 | €6,738 | €10,212 | +€3,475 | +51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,738 | €10,212 | +€3,475 | +51.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.