SEDESCO: 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.
SEDESCO
Largest movements
- Tangible fixed assets -€8,327
down €8,327 (-8.6%), from €96,467 to €88,140
of which Land and buildings: -€6,200
- Stocks and contracts -€4,000
down €4,000 (-66.7%), from €6,000 to €2,000
- Debts after one year -€9,571
down €9,571 (-32.4%), from €29,561 to €19,990
- Write-downs +€4,000
new in 2024: €4,000
- Gross operating margin +€2,349
up €2,349 (+20.9%), from €11,251 to €13,600
- Financial charges -€265
down €265 (-19.6%), from €1,350 to €1,085
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,011 | €146,359 | -€10,652 | -6.8% |
| Fixed assets | 21/28 | €136,435 | €128,108 | -€8,327 | -6.1% |
| Tangible fixed assets | 22/27 | €96,467 | €88,140 | -€8,327 | -8.6% |
| Land and buildings | 22 | €86,908 | €80,708 | -€6,200 | -7.1% |
| Furniture and vehicles | 24 | €1,144 | €674 | -€470 | -41.1% |
| Other tangible fixed assets | 26 | €8,415 | €6,758 | -€1,657 | -19.7% |
| Financial fixed assets | 28 | €39,968 | €39,968 | = | 0.0% |
| Current assets | 29/58 | €20,576 | €18,251 | -€2,325 | -11.3% |
| Stocks and contracts in progress | 3 | €6,000 | €2,000 | -€4,000 | -66.7% |
| Stocks | 30/36 | €6,000 | €2,000 | -€4,000 | -66.7% |
| Amounts receivable within one year | 40/41 | €14,144 | €15,538 | +€1,394 | +9.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €14,144 | €15,538 | +€1,394 | +9.9% |
| Cash at bank and in hand | 54/58 | €432 | €713 | +€281 | +65.0% |
| Total equity and liabilities | 10/49 | €157,011 | €146,359 | -€10,652 | -6.8% |
| Equity | 10/15 | €118,152 | €116,799 | -€1,353 | -1.1% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,795 | -€7,148 | -€1,353 | -23.3% |
| Amounts payable | 17/49 | €38,859 | €29,560 | -€9,299 | -23.9% |
| Amounts payable after more than one year | 17 | €29,561 | €19,990 | -€9,571 | -32.4% |
| Financial debts | 170/4 | €29,561 | €19,990 | -€9,571 | -32.4% |
| Amounts payable within one year | 42/48 | €9,298 | €9,570 | +€272 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €9,298 | €9,570 | +€272 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,327 | €8,327 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,000 | +€4,000 | |
| Other operating charges | 640/8 | €1,413 | €1,541 | +€128 | +9.1% |
| Gross operating margin | 9900 | €11,251 | €13,600 | +€2,349 | +20.9% |
| Operating profit (loss) | 9901 | €1,511 | -€268 | -€1,779 | |
| Financial charges | 65/66B | €1,350 | €1,085 | -€265 | -19.6% |
| Recurring financial charges | 65 | €1,350 | €1,085 | -€265 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €161 | -€1,353 | -€1,514 | |
| Profit (loss) for the period | 9904 | €161 | -€1,353 | -€1,514 | |
| Profit (loss) for the period to be appropriated | 9905 | €161 | -€1,353 | -€1,514 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.