SEDELA: 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.
SEDELA
Largest movements
- Receivables within one year -€11,095
down €11,095 (-99.4%), from €11,160 to €66
of which Trade receivables: -€10,611
- Tangible fixed assets -€6,343
down €6,343 (-33.2%), from €19,101 to €12,758
of which Land and buildings: -€13,734
- Stocks and contracts +€1,096
new in 2025: €1,096
- Cash +€697
up €697 (+15.1%), from €4,617 to €5,314
mainly Depreciation (+€19,980) and Receivables within one year (+€11,095)
- Current portion of long-term debt -€12,179
no longer reported in 2025 (was €12,179)
- Profit (loss) carried forward -€4,719
down €4,719 (-4.4%), from -€107,711 to -€112,431
- Trade debts +€1,238
up €1,238 (+617.0%), from €201 to €1,439
- Other debts +€600
up €600 (+0.5%), from €110,862 to €111,462
- Gross operating margin -€5,642
down €5,642 (-26.1%), from €21,576 to €15,935
- Depreciation -€1,050
down €1,050 (-5.0%), from €21,030 to €19,980
- Financial charges -€955
down €955 (-71.9%), from €1,328 to €373
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 | €36,289 | €20,929 | -€15,359 | -42.3% |
| Fixed assets | 21/28 | €19,101 | €12,758 | -€6,343 | -33.2% |
| Tangible fixed assets | 22/27 | €19,101 | €12,758 | -€6,343 | -33.2% |
| Land and buildings | 22 | €14,010 | €276 | -€13,734 | -98.0% |
| Plant, machinery and equipment | 23 | €5,091 | €3,391 | -€1,700 | -33.4% |
| Furniture and vehicles | 24 | - | €9,091 | +€9,091 | |
| Current assets | 29/58 | €17,188 | €8,172 | -€9,016 | -52.5% |
| Stocks and contracts in progress | 3 | - | €1,096 | +€1,096 | |
| Stocks | 30/36 | - | €1,096 | +€1,096 | |
| Amounts receivable within one year | 40/41 | €11,160 | €66 | -€11,095 | -99.4% |
| Trade receivables | 40 | €10,611 | - | -€10,611 | |
| Other amounts receivable | 41 | €550 | €66 | -€484 | -88.0% |
| Cash at bank and in hand | 54/58 | €4,617 | €5,314 | +€697 | +15.1% |
| Deferred charges and accrued income | 490/1 | €1,410 | €1,695 | +€285 | +20.2% |
| Total equity and liabilities | 10/49 | €36,289 | €20,929 | -€15,359 | -42.3% |
| Equity | 10/15 | -€87,251 | -€91,971 | -€4,719 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,711 | -€112,431 | -€4,719 | -4.4% |
| Amounts payable | 17/49 | €123,540 | €112,900 | -€10,640 | -8.6% |
| Amounts payable within one year | 42/48 | €123,540 | €112,900 | -€10,640 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €12,179 | - | -€12,179 | |
| Trade debts | 44 | €201 | €1,439 | +€1,238 | +617.0% |
| Suppliers | 440/4 | €201 | €1,439 | +€1,238 | +617.0% |
| Taxes, remuneration and social security | 45 | €299 | - | -€299 | |
| Taxes | 450/3 | €299 | - | -€299 | |
| Other amounts payable | 47/48 | €110,862 | €111,462 | +€600 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,030 | €19,980 | -€1,050 | -5.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €21,576 | €15,935 | -€5,642 | -26.1% |
| Operating profit (loss) | 9901 | €162 | -€4,432 | -€4,594 | |
| Financial income | 75/76B | €0 | €86 | +€86 | +26721.9% |
| Recurring financial income | 75 | €0 | €86 | +€86 | +26721.9% |
| Financial charges | 65/66B | €1,328 | €373 | -€955 | -71.9% |
| Recurring financial charges | 65 | €1,328 | €373 | -€955 | -71.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,166 | -€4,719 | -€3,554 | -304.9% |
| Profit (loss) for the period | 9904 | -€1,166 | -€4,719 | -€3,554 | -304.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,166 | -€4,719 | -€3,554 | -304.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.