SEDI TEAM: 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 TEAM
Largest movements
- Stocks and contracts +€25,609
new in 2024: €25,609
- Receivables within one year +€17,884
up €17,884 (+27.6%), from €64,800 to €82,685
of which Other amounts receivable: +€25,910
- Tangible fixed assets +€3,519
up €3,519 (+110%), from €3,205 to €6,724
- Debts after one year +€23,128
new in 2024: €23,128
- Tax, wage and social debts -€19,813
down €19,813 (-35.1%), from €56,446 to €36,634
of which Remuneration and social security: -€13,910
- Trade debts +€17,539
up €17,539 (+3,026%), from €580 to €18,119
- Current portion of long-term debt +€15,546
new in 2024: €15,546
- Short-term financial debts +€13,785
up €13,785 (+181%), from €7,599 to €21,384
- Staff costs -€48,125
down €48,125 (-44.9%), from €107,268 to €59,143
- Gross operating margin -€45,149
down €45,149 (-36.0%), from €125,397 to €80,247
- Purchases and services +€38,644
up €38,644 (+20.8%), from €185,899 to €224,543
- Financial income -€7,599
down €7,599 (-100.0%), from €7,601 to €1
of which Financial income: -€7,599
- Turnover -€6,506
down €6,506 (-2.1%), from €311,296 to €304,790
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,006 | €115,018 | +€47,012 | +69.1% |
| Fixed assets | 21/28 | €3,205 | €6,724 | +€3,519 | +110% |
| Tangible fixed assets | 22/27 | €3,205 | €6,724 | +€3,519 | +110% |
| Furniture and vehicles | 24 | €3,205 | €6,724 | +€3,519 | +110% |
| Current assets | 29/58 | €64,800 | €108,294 | +€43,493 | +67.1% |
| Stocks and contracts in progress | 3 | - | €25,609 | +€25,609 | |
| Stocks | 30/36 | - | €25,609 | +€25,609 | |
| Amounts receivable within one year | 40/41 | €64,800 | €82,685 | +€17,884 | +27.6% |
| Trade receivables | 40 | €23,818 | €15,792 | -€8,025 | -33.7% |
| Other amounts receivable | 41 | €40,983 | €66,892 | +€25,910 | +63.2% |
| Total equity and liabilities | 10/49 | €68,006 | €115,018 | +€47,012 | +69.1% |
| Equity | 10/15 | €3,381 | €207 | -€3,173 | -93.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,679 | -€7,853 | -€3,173 | -67.8% |
| Amounts payable | 17/49 | €64,625 | €114,811 | +€50,186 | +77.7% |
| Amounts payable after more than one year | 17 | - | €23,128 | +€23,128 | |
| Financial debts | 170/4 | - | €23,128 | +€23,128 | |
| Amounts payable within one year | 42/48 | €64,625 | €91,682 | +€27,057 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | - | €15,546 | +€15,546 | |
| Financial debts | 43 | €7,599 | €21,384 | +€13,785 | +181% |
| Credit institutions | 430/8 | €7,599 | €21,384 | +€13,785 | +181% |
| Trade debts | 44 | €580 | €18,119 | +€17,539 | +3,026% |
| Suppliers | 440/4 | €580 | €18,119 | +€17,539 | +3,026% |
| Taxes, remuneration and social security | 45 | €56,446 | €36,634 | -€19,813 | -35.1% |
| Taxes | 450/3 | €32,327 | €26,425 | -€5,902 | -18.3% |
| Remuneration and social security | 454/9 | €24,119 | €10,209 | -€13,910 | -57.7% |
| Turnover | 70 | €311,296 | €304,790 | -€6,506 | -2.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €185,899 | €224,543 | +€38,644 | +20.8% |
| Remuneration, social security and pensions | 62 | €107,268 | €59,143 | -€48,125 | -44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,387 | €5,809 | -€5,578 | -49.0% |
| Other operating charges | 640/8 | €8,241 | €5,550 | -€2,691 | -32.7% |
| Gross operating margin | 9900 | €125,397 | €80,247 | -€45,149 | -36.0% |
| Operating profit (loss) | 9901 | -€1,498 | €9,746 | +€11,244 | |
| Financial income | 75/76B | €7,601 | €1 | -€7,599 | -100.0% |
| Recurring financial income | 75 | €7,601 | €1 | -€7,599 | -100.0% |
| Non-recurring financial income | 76B | €7,601 | €1 | -€7,599 | -100.0% |
| Financial charges | 65/66B | €15,130 | €9,050 | -€6,080 | -40.2% |
| Recurring financial charges | 65 | €7,174 | €6,755 | -€420 | -5.8% |
| Non-recurring financial charges | 66B | €7,956 | €2,295 | -€5,661 | -71.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,028 | €697 | +€9,725 | |
| Income taxes | 67/77 | - | €3,871 | +€3,871 | |
| Profit (loss) for the period | 9904 | -€9,028 | -€3,173 | +€5,854 | +64.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,028 | -€3,173 | +€5,854 | +64.8% |
Source: filed annual accounts (NBB), financial 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 October 2026 via checked.be.