Sedent: 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.
Sedent
Largest movements
- Cash -€146,909
down €146,909 (-49.0%), from €300,011 to €153,102
mainly Contributions, distributions and other (-€380,000) and Receivables within one year (-€71,641)
- Receivables within one year +€71,641
up €71,641 (+290%), from €24,680 to €96,321
- Tangible fixed assets +€24,934
up €24,934 (+46.3%), from €53,837 to €78,771
of which Other tangible fixed assets: +€37,153
- Deferred charges and accrued income +€9,316
up €9,316 (+21.5%), from €43,305 to €52,621
- Reserves -€280,193
down €280,193 (-57.4%), from €487,808 to €207,614
- Accrued charges and deferred income +€230,552
new in 2025: €230,552
- Other debts +€17,112
new in 2025: €17,112
- Debts after one year -€10,281
down €10,281 (-60.4%), from €17,033 to €6,752
- Other operating charges +€230,956
up €230,956 (+52,490%), from €440 to €231,396
- Taxes -€53,268
down €53,268 (-64.4%), from €82,720 to €29,452
- Gross operating margin +€13,590
up €13,590 (+3.8%), from €358,548 to €372,138
- Financial income +€8,958
up €8,958 (+327%), from €2,737 to €11,695
- Depreciation +€4,732
up €4,732 (+27.6%), from €17,136 to €21,868
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 | €520,187 | €479,168 | -€41,019 | -7.9% |
| Fixed assets | 21/28 | €53,837 | €78,771 | +€24,934 | +46.3% |
| Tangible fixed assets | 22/27 | €53,837 | €78,771 | +€24,934 | +46.3% |
| Plant, machinery and equipment | 23 | €4,984 | €6,893 | +€1,909 | +38.3% |
| Furniture and vehicles | 24 | €12,684 | €8,400 | -€4,284 | -33.8% |
| Leasing and similar rights | 25 | €25,945 | €16,101 | -€9,844 | -37.9% |
| Other tangible fixed assets | 26 | €10,224 | €47,377 | +€37,153 | +363% |
| Current assets | 29/58 | €466,350 | €400,397 | -€65,953 | -14.1% |
| Amounts receivable after more than one year | 29 | €65,000 | €65,000 | = | 0.0% |
| Other amounts receivable | 291 | €65,000 | €65,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,680 | €96,321 | +€71,641 | +290% |
| Other amounts receivable | 41 | €24,680 | €96,321 | +€71,641 | +290% |
| Current investments | 50/53 | €33,353 | €33,353 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €300,011 | €153,102 | -€146,909 | -49.0% |
| Deferred charges and accrued income | 490/1 | €43,305 | €52,621 | +€9,316 | +21.5% |
| Total equity and liabilities | 10/49 | €520,187 | €479,168 | -€41,019 | -7.9% |
| Equity | 10/15 | €490,308 | €210,114 | -€280,193 | -57.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €487,808 | €207,614 | -€280,193 | -57.4% |
| Distributable reserves | 133 | €487,808 | €207,614 | -€280,193 | -57.4% |
| Amounts payable | 17/49 | €29,879 | €269,054 | +€239,174 | +800% |
| Amounts payable after more than one year | 17 | €17,033 | €6,752 | -€10,281 | -60.4% |
| Financial debts | 170/4 | €17,033 | €6,752 | -€10,281 | -60.4% |
| Amounts payable within one year | 42/48 | €12,846 | €31,750 | +€18,903 | +147% |
| Current portion of amounts payable after more than one year | 42 | €9,928 | €10,281 | +€354 | +3.6% |
| Trade debts | 44 | €245 | €4,356 | +€4,111 | +1,681% |
| Suppliers | 440/4 | €245 | €4,356 | +€4,111 | +1,681% |
| Taxes, remuneration and social security | 45 | €2,674 | - | -€2,674 | |
| Taxes | 450/3 | €2,674 | - | -€2,674 | |
| Other amounts payable | 47/48 | - | €17,112 | +€17,112 | |
| Accrued charges and deferred income | 492/3 | - | €230,552 | +€230,552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,136 | €21,868 | +€4,732 | +27.6% |
| Other operating charges | 640/8 | €440 | €231,396 | +€230,956 | +52,490% |
| Gross operating margin | 9900 | €358,548 | €372,138 | +€13,590 | +3.8% |
| Operating profit (loss) | 9901 | €340,972 | €118,874 | -€222,098 | -65.1% |
| Financial income | 75/76B | €2,737 | €11,695 | +€8,958 | +327% |
| Recurring financial income | 75 | €2,737 | €11,695 | +€8,958 | +327% |
| Financial charges | 65/66B | €1,533 | €1,311 | -€222 | -14.5% |
| Recurring financial charges | 65 | €1,533 | €1,311 | -€222 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €342,176 | €129,258 | -€212,918 | -62.2% |
| Income taxes | 67/77 | €82,720 | €29,452 | -€53,268 | -64.4% |
| Profit (loss) for the period | 9904 | €259,456 | €99,807 | -€159,650 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €259,456 | €99,807 | -€159,650 | -61.5% |
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 13 October 2026 via checked.be.