SEDES MILLING & TURNING: what changed
SEDES MILLING & TURNING
Largest movements
- Tangible fixed assets -€203,681
down €203,681 (-14.4%), from €1.4m to €1.2m
of which Leasing and similar rights: -€168,785
- Receivables within one year +€105,953
up €105,953 (+64.2%), from €165,162 to €271,115
of which Trade receivables: +€105,533
- Cash -€98,856
down €98,856 (-58.7%), from €168,285 to €69,428
mainly Debts after one year (-€185,138) and Receivables within one year (-€105,953)
- Debts after one year -€185,138
down €185,138 (-18.6%), from €995,882 to €810,744
- Other debts +€32,395
up €32,395 (+169%), from €19,155 to €51,551
- Reserves -€26,896
down €26,896 (-7.5%), from €357,146 to €330,250
of which Distributable reserves: -€26,896
- Trade debts -€23,944
down €23,944 (-60.4%), from €39,656 to €15,712
- Depreciation +€98,848
up €98,848 (+79.4%), from €124,563 to €223,411
- Financial charges +€18,998
up €18,998 (+116%), from €16,440 to €35,438
- Staff costs -€14,929
down €14,929 (-6.6%), from €225,459 to €210,530
- Taxes -€9,380
down €9,380 (-56.3%), from €16,674 to €7,294
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,754,950 | €1,558,577 | -€196,373 | -11.2% |
| Fixed assets | 21/28 | €1,415,798 | €1,212,117 | -€203,681 | -14.4% |
| Tangible fixed assets | 22/27 | €1,415,798 | €1,212,117 | -€203,681 | -14.4% |
| Land and buildings | 22 | €296,322 | €278,477 | -€17,844 | -6.0% |
| Plant, machinery and equipment | 23 | €120,902 | €110,329 | -€10,573 | -8.7% |
| Furniture and vehicles | 24 | €36,279 | €29,800 | -€6,479 | -17.9% |
| Leasing and similar rights | 25 | €962,296 | €793,512 | -€168,785 | -17.5% |
| Current assets | 29/58 | €339,152 | €346,460 | +€7,308 | +2.2% |
| Stocks and contracts in progress | 3 | €3,150 | €3,150 | = | 0.0% |
| Stocks | 30/36 | €3,150 | €3,150 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €165,162 | €271,115 | +€105,953 | +64.2% |
| Trade receivables | 40 | €161,437 | €266,970 | +€105,533 | +65.4% |
| Other amounts receivable | 41 | €3,725 | €4,145 | +€420 | +11.3% |
| Cash at bank and in hand | 54/58 | €168,285 | €69,428 | -€98,856 | -58.7% |
| Deferred charges and accrued income | 490/1 | €2,555 | €2,767 | +€211 | +8.3% |
| Total equity and liabilities | 10/49 | €1,754,950 | €1,558,577 | -€196,373 | -11.2% |
| Equity | 10/15 | €407,146 | €380,250 | -€26,896 | -6.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €357,146 | €330,250 | -€26,896 | -7.5% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €352,146 | €325,250 | -€26,896 | -7.6% |
| Amounts payable | 17/49 | €1,347,804 | €1,178,327 | -€169,477 | -12.6% |
| Amounts payable after more than one year | 17 | €995,882 | €810,744 | -€185,138 | -18.6% |
| Financial debts | 170/4 | €995,882 | €810,744 | -€185,138 | -18.6% |
| Amounts payable within one year | 42/48 | €351,922 | €367,583 | +€15,661 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €195,024 | €190,432 | -€4,592 | -2.4% |
| Trade debts | 44 | €39,656 | €15,712 | -€23,944 | -60.4% |
| Suppliers | 440/4 | €39,656 | €15,712 | -€23,944 | -60.4% |
| Taxes, remuneration and social security | 45 | €98,087 | €109,889 | +€11,802 | +12.0% |
| Taxes | 450/3 | €66,458 | €69,073 | +€2,614 | +3.9% |
| Remuneration and social security | 454/9 | €31,628 | €40,816 | +€9,188 | +29.0% |
| Other amounts payable | 47/48 | €19,155 | €51,551 | +€32,395 | +169% |
| Remuneration, social security and pensions | 62 | €225,459 | €210,530 | -€14,929 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,563 | €223,411 | +€98,848 | +79.4% |
| Other operating charges | 640/8 | €2,596 | €1,634 | -€962 | -37.1% |
| Gross operating margin | 9900 | €497,269 | €501,218 | +€3,948 | +0.8% |
| Operating profit (loss) | 9901 | €144,651 | €65,643 | -€79,008 | -54.6% |
| Financial income | 75/76B | €536 | €193 | -€342 | -63.9% |
| Recurring financial income | 75 | €536 | €193 | -€342 | -63.9% |
| Financial charges | 65/66B | €16,440 | €35,438 | +€18,998 | +116% |
| Recurring financial charges | 65 | €16,440 | €35,438 | +€18,998 | +116% |
| Profit (loss) for the period before taxes | 9903 | €128,746 | €30,398 | -€98,348 | -76.4% |
| Income taxes | 67/77 | €16,674 | €7,294 | -€9,380 | -56.3% |
| Profit (loss) for the period | 9904 | €112,072 | €23,104 | -€88,968 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €112,072 | €23,104 | -€88,968 | -79.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.