SEDDA: 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.
SEDDA
Largest movements
- Cash -€12,003
down €12,003 (-99.2%), from €12,103 to €100
mainly Net result for the year (-€7,739) and Investment in fixed assets (net) (-€4,976)
- Deferred charges and accrued income +€2,764
up €2,764 (+11.2%), from €24,639 to €27,404
- Tangible fixed assets +€2,733
up €2,733 (+24.9%), from €10,974 to €13,707
of which Furniture and vehicles: +€4,044
- Receivables within one year +€2,105
up €2,105 (+286%), from €735 to €2,840
- Profit (loss) carried forward -€7,739
down €7,739 (-35.7%), from -€21,700 to -€29,439
- Short-term financial debts +€4,531
up €4,531 (+461%), from €984 to €5,514
- Tax, wage and social debts -€2,972
down €2,972 (-62.4%), from €4,763 to €1,792
of which Remuneration and social security: -€2,198
- Trade debts +€2,174
up €2,174 (+28.8%), from €7,540 to €9,714
- Purchases and services +€49,811
up €49,811 (+23.2%), from €214,296 to €264,108
- Gross operating margin -€13,380
down €13,380 (-20.0%), from €66,926 to €53,546
- Taxes -€2,370
down €2,370 (-33.1%), from €7,155 to €4,785
- Depreciation +€932
up €932 (+71.1%), from €1,311 to €2,243
- Other operating charges -€881
down €881 (-26.2%), from €3,365 to €2,484
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 | €48,451 | €44,050 | -€4,401 | -9.1% |
| Fixed assets | 21/28 | €10,974 | €13,707 | +€2,733 | +24.9% |
| Tangible fixed assets | 22/27 | €10,974 | €13,707 | +€2,733 | +24.9% |
| Furniture and vehicles | 24 | - | €4,044 | +€4,044 | |
| Other tangible fixed assets | 26 | €10,974 | €9,663 | -€1,311 | -11.9% |
| Current assets | 29/58 | €37,477 | €30,344 | -€7,134 | -19.0% |
| Amounts receivable within one year | 40/41 | €735 | €2,840 | +€2,105 | +286% |
| Other amounts receivable | 41 | €735 | €2,840 | +€2,105 | +286% |
| Cash at bank and in hand | 54/58 | €12,103 | €100 | -€12,003 | -99.2% |
| Deferred charges and accrued income | 490/1 | €24,639 | €27,404 | +€2,764 | +11.2% |
| Total equity and liabilities | 10/49 | €48,451 | €44,050 | -€4,401 | -9.1% |
| Equity | 10/15 | €10,500 | €2,761 | -€7,739 | -73.7% |
| Contributions | 10/11 | €32,200 | €32,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,700 | -€29,439 | -€7,739 | -35.7% |
| Amounts payable | 17/49 | €37,951 | €41,289 | +€3,338 | +8.8% |
| Amounts payable within one year | 42/48 | €37,951 | €41,289 | +€3,338 | +8.8% |
| Financial debts | 43 | €984 | €5,514 | +€4,531 | +461% |
| Credit institutions | 430/8 | €984 | €5,514 | +€4,531 | +461% |
| Trade debts | 44 | €7,540 | €9,714 | +€2,174 | +28.8% |
| Suppliers | 440/4 | €7,540 | €9,714 | +€2,174 | +28.8% |
| Taxes, remuneration and social security | 45 | €4,763 | €1,792 | -€2,972 | -62.4% |
| Taxes | 450/3 | €2,565 | €1,792 | -€774 | -30.2% |
| Remuneration and social security | 454/9 | €2,198 | - | -€2,198 | |
| Other amounts payable | 47/48 | €24,664 | €24,269 | -€395 | -1.6% |
| Non-recurring operating income | 76A | €42 | €298 | +€256 | +605% |
| Goods, raw materials, services and sundry goods | 60/61 | €214,296 | €264,108 | +€49,811 | +23.2% |
| Remuneration, social security and pensions | 62 | €46,138 | €46,862 | +€725 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,311 | €2,243 | +€932 | +71.1% |
| Other operating charges | 640/8 | €3,365 | €2,484 | -€881 | -26.2% |
| Non-recurring operating charges | 66A | €605 | €1,799 | +€1,194 | +197% |
| Gross operating margin | 9900 | €66,926 | €53,546 | -€13,380 | -20.0% |
| Operating profit (loss) | 9901 | €15,507 | €157 | -€15,350 | -99.0% |
| Financial income | 75/76B | €0 | €11 | +€11 | +3,121% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +3,121% |
| Financial charges | 65/66B | €3,295 | €3,122 | -€173 | -5.3% |
| Recurring financial charges | 65 | €3,295 | €3,059 | -€237 | -7.2% |
| Non-recurring financial charges | 66B | - | €63 | +€63 | |
| Profit (loss) for the period before taxes | 9903 | €12,211 | -€2,954 | -€15,166 | |
| Income taxes | 67/77 | €7,155 | €4,785 | -€2,370 | -33.1% |
| Profit (loss) for the period | 9904 | €5,056 | -€7,739 | -€12,795 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,056 | -€7,739 | -€12,795 |
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 30 October 2026 via checked.be.