SEDI Consultancy: 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.
SEDI Consultancy
Largest movements
- Current investments -€94,012
down €94,012 (-41.8%), from €224,842 to €130,829
- Cash +€39,183
up €39,183 (+38.3%), from €102,186 to €141,369
mainly Current investments (+€94,012) and Net result for the year (+€70,948)
- Receivables within one year +€23,902
up €23,902 (+158%), from €15,151 to €39,053
of which Trade receivables: +€15,875
- Tangible fixed assets -€13,115
down €13,115 (-31.1%), from €42,156 to €29,041
of which Furniture and vehicles: -€10,573
- Other debts -€105,759
down €105,759 (-97.3%), from €108,701 to €2,942
- Profit (loss) carried forward +€70,948
up €70,948 (+34.0%), from €208,627 to €279,575
- Current portion of long-term debt -€7,673
down €7,673 (-83.2%), from €9,217 to €1,544
- Financial charges +€200,220
up €200,220, from -€96,662 to €103,558
- Gross operating margin +€164,385
up €164,385 (+195%), from €84,455 to €248,840
- Financial income -€75,467
down €75,467 (-96.0%), from €78,583 to €3,116
- Taxes +€32,675
up €32,675 (+112%), from €29,236 to €61,911
- Other operating charges -€8,092
down €8,092 (-93.4%), from €8,664 to €572
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 | €384,335 | €340,293 | -€44,042 | -11.5% |
| Fixed assets | 21/28 | €42,156 | €29,041 | -€13,115 | -31.1% |
| Tangible fixed assets | 22/27 | €42,156 | €29,041 | -€13,115 | -31.1% |
| Furniture and vehicles | 24 | €17,813 | €7,240 | -€10,573 | -59.4% |
| Other tangible fixed assets | 26 | €24,343 | €21,802 | -€2,542 | -10.4% |
| Current assets | 29/58 | €342,178 | €311,252 | -€30,927 | -9.0% |
| Amounts receivable within one year | 40/41 | €15,151 | €39,053 | +€23,902 | +158% |
| Trade receivables | 40 | €12,342 | €28,217 | +€15,875 | +129% |
| Other amounts receivable | 41 | €2,809 | €10,836 | +€8,027 | +286% |
| Current investments | 50/53 | €224,842 | €130,829 | -€94,012 | -41.8% |
| Cash at bank and in hand | 54/58 | €102,186 | €141,369 | +€39,183 | +38.3% |
| Total equity and liabilities | 10/49 | €384,335 | €340,293 | -€44,042 | -11.5% |
| Equity | 10/15 | €247,522 | €318,470 | +€70,948 | +28.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €20,345 | €20,345 | = | 0.0% |
| Distributable reserves | 133 | €20,345 | €20,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | €208,627 | €279,575 | +€70,948 | +34.0% |
| Amounts payable | 17/49 | €136,813 | €21,823 | -€114,990 | -84.0% |
| Amounts payable after more than one year | 17 | €1,544 | - | -€1,544 | |
| Financial debts | 170/4 | €1,544 | - | -€1,544 | |
| Amounts payable within one year | 42/48 | €135,269 | €19,873 | -€115,396 | -85.3% |
| Current portion of amounts payable after more than one year | 42 | €9,217 | €1,544 | -€7,673 | -83.2% |
| Trade debts | 44 | €657 | €1,212 | +€554 | +84.3% |
| Suppliers | 440/4 | €657 | €1,212 | +€554 | +84.3% |
| Taxes, remuneration and social security | 45 | €16,694 | €14,175 | -€2,518 | -15.1% |
| Taxes | 450/3 | €16,694 | €14,175 | -€2,518 | -15.1% |
| Other amounts payable | 47/48 | €108,701 | €2,942 | -€105,759 | -97.3% |
| Accrued charges and deferred income | 492/3 | - | €1,950 | +€1,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,172 | €14,966 | +€1,794 | +13.6% |
| Other operating charges | 640/8 | €8,664 | €572 | -€8,092 | -93.4% |
| Gross operating margin | 9900 | €84,455 | €248,840 | +€164,385 | +195% |
| Operating profit (loss) | 9901 | €62,619 | €233,302 | +€170,683 | +273% |
| Financial income | 75/76B | €78,583 | €3,116 | -€75,467 | -96.0% |
| Recurring financial income | 75 | €78,583 | €3,116 | -€75,467 | -96.0% |
| Financial charges | 65/66B | -€96,662 | €103,558 | +€200,220 | |
| Recurring financial charges | 65 | -€96,662 | €103,558 | +€200,220 | |
| Profit (loss) for the period before taxes | 9903 | €237,863 | €132,859 | -€105,004 | -44.1% |
| Income taxes | 67/77 | €29,236 | €61,911 | +€32,675 | +112% |
| Profit (loss) for the period | 9904 | €208,627 | €70,948 | -€137,678 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €208,627 | €70,948 | -€137,678 | -66.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.