SEDEYN: 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.
SEDEYN
Largest movements
- Receivables within one year +€126,055
up €126,055 (+22.6%), from €556,752 to €682,807
of which Trade receivables: +€114,356
- Stocks and contracts +€56,437
up €56,437 (+23.4%), from €240,821 to €297,258
of which Stocks: +€56,022
- Cash -€50,099
down €50,099 (-7.8%), from €643,469 to €593,370
mainly Receivables within one year (-€126,055) and Investment in fixed assets (net) (-€99,068)
- Reserves +€94,728
up €94,728 (+9.2%), from €1.0m to €1.1m
of which Distributable reserves: +€94,728
- Advances received +€66,144
up €66,144 (+252.3%), from €26,221 to €92,365
- Debts after one year -€41,532
down €41,532 (-19.3%), from €215,018 to €173,486
- Trade debts -€21,035
down €21,035 (-6.7%), from €312,996 to €291,962
- Gross operating margin -€126,972
down €126,972 (-10.3%), from €1.2m to €1.1m
- Write-downs -€123,849
down €123,849 (-100.0%), from €123,849 to €0
- Staff costs -€16,455
down €16,455 (-2.0%), from €841,476 to €825,021
- Depreciation +€14,919
up €14,919 (+15.4%), from €96,629 to €111,549
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 | €1,824,672 | €1,935,504 | +€110,832 | +6.1% |
| Fixed assets | 21/28 | €362,580 | €350,099 | -€12,481 | -3.4% |
| Tangible fixed assets | 22/27 | €362,580 | €350,099 | -€12,481 | -3.4% |
| Plant, machinery and equipment | 23 | €11,754 | €11,454 | -€300 | -2.6% |
| Furniture and vehicles | 24 | €344,008 | €333,386 | -€10,622 | -3.1% |
| Other tangible fixed assets | 26 | €6,818 | €5,259 | -€1,559 | -22.9% |
| Current assets | 29/58 | €1,462,092 | €1,585,405 | +€123,313 | +8.4% |
| Stocks and contracts in progress | 3 | €240,821 | €297,258 | +€56,437 | +23.4% |
| Stocks | 30/36 | €176,670 | €232,692 | +€56,022 | +31.7% |
| Contracts in progress | 37 | €64,152 | €64,567 | +€415 | +0.6% |
| Amounts receivable within one year | 40/41 | €556,752 | €682,807 | +€126,055 | +22.6% |
| Trade receivables | 40 | €541,701 | €656,057 | +€114,356 | +21.1% |
| Other amounts receivable | 41 | €15,051 | €26,750 | +€11,699 | +77.7% |
| Cash at bank and in hand | 54/58 | €643,469 | €593,370 | -€50,099 | -7.8% |
| Deferred charges and accrued income | 490/1 | €21,049 | €11,969 | -€9,080 | -43.1% |
| Total equity and liabilities | 10/49 | €1,824,672 | €1,935,504 | +€110,832 | +6.1% |
| Equity | 10/15 | €1,096,182 | €1,190,910 | +€94,728 | +8.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,034,182 | €1,128,910 | +€94,728 | +9.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,027,982 | €1,122,710 | +€94,728 | +9.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €728,490 | €744,594 | +€16,104 | +2.2% |
| Amounts payable after more than one year | 17 | €215,018 | €173,486 | -€41,532 | -19.3% |
| Financial debts | 170/4 | €215,018 | €173,486 | -€41,532 | -19.3% |
| Amounts payable within one year | 42/48 | €513,362 | €569,080 | +€55,718 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €95,753 | €112,596 | +€16,842 | +17.6% |
| Trade debts | 44 | €312,996 | €291,962 | -€21,035 | -6.7% |
| Suppliers | 440/4 | €312,996 | €291,962 | -€21,035 | -6.7% |
| Advances received on contracts in progress | 46 | €26,221 | €92,365 | +€66,144 | +252.3% |
| Taxes, remuneration and social security | 45 | €77,991 | €71,358 | -€6,633 | -8.5% |
| Taxes | 450/3 | €4,207 | €2,871 | -€1,336 | -31.8% |
| Remuneration and social security | 454/9 | €73,784 | €68,487 | -€5,297 | -7.2% |
| Other amounts payable | 47/48 | €400 | €800 | +€400 | +100.0% |
| Accrued charges and deferred income | 492/3 | €110 | €2,028 | +€1,918 | +1748.2% |
| Non-recurring operating income | 76A | €28,200 | €6,000 | -€22,200 | -78.7% |
| Remuneration, social security and pensions | 62 | €841,476 | €825,021 | -€16,455 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,629 | €111,549 | +€14,919 | +15.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €123,849 | €0 | -€123,849 | -100.0% |
| Other operating charges | 640/8 | €7,947 | €7,985 | +€39 | +0.5% |
| Gross operating margin | 9900 | €1,227,336 | €1,100,364 | -€126,972 | -10.3% |
| Operating profit (loss) | 9901 | €157,435 | €155,809 | -€1,626 | -1.0% |
| Financial income | 75/76B | €13,906 | €16,638 | +€2,732 | +19.6% |
| Recurring financial income | 75 | €13,906 | €16,638 | +€2,732 | +19.6% |
| Financial charges | 65/66B | €10,172 | €10,048 | -€123 | -1.2% |
| Recurring financial charges | 65 | €10,172 | €10,048 | -€123 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €161,169 | €162,399 | +€1,230 | +0.8% |
| Income taxes | 67/77 | €44,207 | €42,871 | -€1,336 | -3.0% |
| Profit (loss) for the period | 9904 | €116,962 | €119,528 | +€2,566 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €116,962 | €119,528 | +€2,566 | +2.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.