SEDIAM: 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.
What changed
SEDIAM
NACE 73.300, Public relations and communication consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €1.2m+€425,995
Equity
€8.8m
2024 · €9.0m-€227,353
Cash
€118,383
2024 · €182,897-€64,514
Balance sheet total
€13.1m
2024 · €10.8m+€2.2m
Largest movements
Assets
- Tangible fixed assets +€2.4m
up €2.4m (+97.4%), from €2.5m to €5.0m
of which Land and buildings: +€2.4m
Equity and liabilities
- Debts after one year +€2.7m
up €2.7m (+176%), from €1.5m to €4.2m
of which Financial debts: +€2.7m
- Reserves -€227,353
down €227,353 (-3.0%), from €7.5m to €7.2m
of which Distributable reserves: -€168,636
- Tax, wage and social debts -€136,663
down €136,663 (-71.8%), from €190,399 to €53,736
of which Taxes: -€136,663
Income statement
- Gross operating margin +€701,522
up €701,522 (+34.2%), from €2.1m to €2.8m
- Depreciation +€627,853
up €627,853 (+627%), from €100,127 to €727,979
- Financial income +€416,122
up €416,122 (+482%), from €86,275 to €502,397
- Financial charges +€36,508
up €36,508 (+26.3%), from €138,640 to €175,148
- Other operating charges +€28,658
up €28,658 (+137%), from €20,907 to €49,565
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.
Result 2024
€1.2m
Gross operating margin
+€701,522
Depreciation
-€627,853
Other operating charges
-€28,658
Financial income
+€416,122
Financial charges
-€36,508
Taxes
+€1,370
Result 2025
€1.7m
raises the resultlowers the result
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.
From operations
+€2.3m
Investment
-€3.1m
Financing
+€733,448
Cash 2024
€182,897
From operations (derived)
+€2.3m
Net result for the year
+€1.7m
Depreciation
+€727,979
Receivables within one year
+€36,447
Deferred charges and accrued income
+€16,830
Smaller working-capital items
-€1,372
Tax, wage and social debts
-€136,663
Other debts
-€21,941
Accrued charges and deferred income
+€9,155
Investment (derived)
-€3.1m
Investment in fixed assets (net)
-€3.2m
Current investments
+€81,414
Financing
+€733,448
Debts after one year
+€2.7m
Current portion of long-term debt
-€56,000
Short-term financial debts
+€3
Contributions, distributions and other
-€1.9m
Cash 2025
€118,383
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,832,562 | €13,081,155 | +€2.2m | +20.8% |
| Fixed assets | 21/28 | €3,947,041 | €6,394,838 | +€2.4m | +62.0% |
| Tangible fixed assets | 22/27 | €2,512,906 | €4,960,703 | +€2.4m | +97.4% |
| Land and buildings | 22 | €2,397,721 | €4,799,081 | +€2.4m | +100% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €115,185 | €161,622 | +€46,437 | +40.3% |
| Financial fixed assets | 28 | €1,434,135 | €1,434,135 | = | 0.0% |
| Current assets | 29/58 | €6,885,521 | €6,686,317 | -€199,205 | -2.9% |
| Amounts receivable after more than one year | 29 | €371,300 | €371,300 | = | 0.0% |
| Other amounts receivable | 291 | €371,300 | €371,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,900 | €11,453 | -€36,447 | -76.1% |
| Trade receivables | 40 | €47,900 | €0 | -€47,900 | -100% |
| Other amounts receivable | 41 | €0 | €11,453 | +€11,453 | |
| Current investments | 50/53 | €6,259,470 | €6,178,056 | -€81,414 | -1.3% |
| Cash at bank and in hand | 54/58 | €182,897 | €118,383 | -€64,514 | -35.3% |
| Deferred charges and accrued income | 490/1 | €23,955 | €7,125 | -€16,830 | -70.3% |
| Total equity and liabilities | 10/49 | €10,832,562 | €13,081,155 | +€2.2m | +20.8% |
| Equity | 10/15 | €9,000,648 | €8,773,296 | -€227,353 | -2.5% |
| Contributions | 10/11 | €1,395,000 | €1,395,000 | = | 0.0% |
| Reserves | 13 | €7,460,398 | €7,233,045 | -€227,353 | -3.0% |
| Non-distributable reserves | 130/1 | €79,500 | €25,000 | -€54,500 | -68.6% |
| Reserves not available under the articles | 1311 | €79,500 | €25,000 | -€54,500 | -68.6% |
| Tax-exempt reserves | 132 | €118,071 | €113,854 | -€4,217 | -3.6% |
| Distributable reserves | 133 | €7,262,827 | €7,094,191 | -€168,636 | -2.3% |
| Profit (loss) carried forward | 14 | €145,251 | €145,251 | = | 0.0% |
| Provisions and deferred taxes | 16 | €39,357 | €37,951 | -€1,406 | -3.6% |
| Deferred taxes | 168 | €39,357 | €37,951 | -€1,406 | -3.6% |
| Amounts payable | 17/49 | €1,792,557 | €4,269,908 | +€2.5m | +138% |
| Amounts payable after more than one year | 17 | €1,520,000 | €4,202,763 | +€2.7m | +176% |
| Financial debts | 170/4 | €1,520,000 | €4,202,763 | +€2.7m | +176% |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €272,557 | €57,990 | -€214,567 | -78.7% |
| Current portion of amounts payable after more than one year | 42 | €56,000 | €0 | -€56,000 | -100% |
| Financial debts | 43 | - | €3 | +€3 | |
| Credit institutions | 430/8 | - | €3 | +€3 | |
| Trade debts | 44 | €4,217 | €4,251 | +€33 | +0.8% |
| Suppliers | 440/4 | €4,217 | €4,251 | +€33 | +0.8% |
| Taxes, remuneration and social security | 45 | €190,399 | €53,736 | -€136,663 | -71.8% |
| Taxes | 450/3 | €190,399 | €53,736 | -€136,663 | -71.8% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €21,941 | €0 | -€21,941 | -100% |
| Accrued charges and deferred income | 492/3 | - | €9,155 | +€9,155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,127 | €727,979 | +€627,853 | +627% |
| Other operating charges | 640/8 | €20,907 | €49,565 | +€28,658 | +137% |
| Gross operating margin | 9900 | €2,051,068 | €2,752,590 | +€701,522 | +34.2% |
| Operating profit (loss) | 9901 | €1,930,034 | €1,975,045 | +€45,011 | +2.3% |
| Financial income | 75/76B | €86,275 | €502,397 | +€416,122 | +482% |
| Recurring financial income | 75 | €86,275 | €502,397 | +€416,122 | +482% |
| Financial charges | 65/66B | €138,640 | €175,148 | +€36,508 | +26.3% |
| Recurring financial charges | 65 | €138,640 | €175,148 | +€36,508 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €1,877,669 | €2,302,294 | +€424,625 | +22.6% |
| Transfer from deferred taxes | 780 | €1,406 | €1,406 | = | 0.0% |
| Income taxes | 67/77 | €639,105 | €637,735 | -€1,370 | -0.2% |
| Profit (loss) for the period | 9904 | €1,239,970 | €1,665,965 | +€425,995 | +34.4% |
| Transfer from tax-exempt reserves | 789 | €614,667 | €4,217 | -€610,450 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,854,636 | €1,670,182 | -€184,455 | -9.9% |
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 21 October 2026 via checked.be.