Sedece Projects: 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.
Sedece Projects
Largest movements
- Cash -€7,381
down €7,381 (-38.4%), from €19,241 to €11,861
mainly Debts after one year (-€10,875) and Stocks and contracts (-€6,576)
- Stocks and contracts +€6,576
up €6,576 (+207%), from €3,175 to €9,751
- Tangible fixed assets -€6,182
down €6,182 (-2.5%), from €246,758 to €240,576
- Deferred charges and accrued income -€3,978
down €3,978 (-27.3%), from €14,586 to €10,608
- Debts after one year -€10,875
down €10,875 (-5.9%), from €183,004 to €172,129
- Gross operating margin -€15,405
down €15,405 (-45.6%), from €33,809 to €18,404
- Taxes -€4,078
down €4,078 (-88.3%), from €4,617 to €539
- Staff costs +€1,981
up €1,981 (+79.8%), from €2,481 to €4,462
- Financial charges -€450
down €450 (-5.1%), from €8,876 to €8,426
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 | €324,868 | €312,644 | -€12,224 | -3.8% |
| Fixed assets | 21/28 | €246,758 | €240,576 | -€6,182 | -2.5% |
| Tangible fixed assets | 22/27 | €246,758 | €240,576 | -€6,182 | -2.5% |
| Land and buildings | 22 | €246,758 | €240,576 | -€6,182 | -2.5% |
| Current assets | 29/58 | €78,111 | €72,069 | -€6,042 | -7.7% |
| Stocks and contracts in progress | 3 | €3,175 | €9,751 | +€6,576 | +207% |
| Stocks | 30/36 | €3,175 | €9,751 | +€6,576 | +207% |
| Amounts receivable within one year | 40/41 | €41,109 | €39,849 | -€1,259 | -3.1% |
| Trade receivables | 40 | €41,109 | €34,524 | -€6,584 | -16.0% |
| Other amounts receivable | 41 | - | €5,325 | +€5,325 | |
| Cash at bank and in hand | 54/58 | €19,241 | €11,861 | -€7,381 | -38.4% |
| Deferred charges and accrued income | 490/1 | €14,586 | €10,608 | -€3,978 | -27.3% |
| Total equity and liabilities | 10/49 | €324,868 | €312,644 | -€12,224 | -3.8% |
| Equity | 10/15 | €111,828 | €109,623 | -€2,206 | -2.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €91,828 | €91,828 | = | 0.0% |
| Distributable reserves | 133 | €91,828 | €91,828 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,206 | -€2,206 | |
| Amounts payable | 17/49 | €213,040 | €203,022 | -€10,018 | -4.7% |
| Amounts payable after more than one year | 17 | €183,004 | €172,129 | -€10,875 | -5.9% |
| Financial debts | 170/4 | €183,004 | €172,129 | -€10,875 | -5.9% |
| Amounts payable within one year | 42/48 | €30,036 | €30,642 | +€605 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €10,411 | €10,875 | +€464 | +4.5% |
| Trade debts | 44 | €12,799 | €14,389 | +€1,591 | +12.4% |
| Suppliers | 440/4 | €12,799 | €14,389 | +€1,591 | +12.4% |
| Taxes, remuneration and social security | 45 | €5,401 | €5,377 | -€24 | -0.4% |
| Taxes | 450/3 | €5,401 | €5,377 | -€24 | -0.4% |
| Other amounts payable | 47/48 | €1,425 | - | -€1,425 | |
| Accrued charges and deferred income | 492/3 | - | €251 | +€251 | |
| Remuneration, social security and pensions | 62 | €2,481 | €4,462 | +€1,981 | +79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,182 | €6,182 | +€0 | 0.0% |
| Other operating charges | 640/8 | €831 | €1,001 | +€170 | +20.5% |
| Gross operating margin | 9900 | €33,809 | €18,404 | -€15,405 | -45.6% |
| Operating profit (loss) | 9901 | €24,315 | €6,759 | -€17,556 | -72.2% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.7% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.7% |
| Financial charges | 65/66B | €8,876 | €8,426 | -€450 | -5.1% |
| Recurring financial charges | 65 | €8,876 | €8,426 | -€450 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €15,443 | -€1,667 | -€17,110 | |
| Income taxes | 67/77 | €4,617 | €539 | -€4,078 | -88.3% |
| Profit (loss) for the period | 9904 | €10,826 | -€2,206 | -€13,032 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,826 | -€2,206 | -€13,032 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.