SEDICA: 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.
SEDICA
Largest movements
- Tangible fixed assets +€9,398
up €9,398 (+981%), from €958 to €10,356
of which Plant, machinery and equipment: +€10,154
- Receivables within one year +€6,360
up €6,360 (+19.9%), from €31,980 to €38,340
of which Trade receivables: +€3,996
- Stocks and contracts +€2,200
up €2,200 (+260%), from €845 to €3,045
- Cash -€1,126
down €1,126 (-61.8%), from €1,821 to €695
mainly Investment in fixed assets (net) (-€14,344) and Receivables within one year (-€6,360)
- Other debts +€14,000
new in 2023: €14,000
- Tax, wage and social debts +€4,562
up €4,562 (+57.9%), from €7,876 to €12,438
- Trade debts -€4,025
no longer reported in 2023 (was €4,025)
- Profit (loss) carried forward +€2,395
up €2,395 (+18.9%), from €12,703 to €15,098
- Staff costs +€72,093
up €72,093 (+285%), from €25,284 to €97,377
- Gross operating margin +€64,613
up €64,613 (+136%), from €47,428 to €112,040
- Depreciation +€4,243
up €4,243 (+704%), from €603 to €4,846
- Taxes -€3,840
down €3,840 (-82.4%), from €4,663 to €822
- Other operating charges +€2,743
new in 2023: €2,743
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,604 | €52,536 | +€16,932 | +47.6% |
| Fixed assets | 21/28 | €958 | €10,456 | +€9,498 | +991% |
| Tangible fixed assets | 22/27 | €958 | €10,356 | +€9,398 | +981% |
| Plant, machinery and equipment | 23 | €202 | €10,356 | +€10,154 | +5,022% |
| Furniture and vehicles | 24 | €756 | - | -€756 | |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €34,645 | €42,080 | +€7,434 | +21.5% |
| Stocks and contracts in progress | 3 | €845 | €3,045 | +€2,200 | +260% |
| Stocks | 30/36 | €845 | €3,045 | +€2,200 | +260% |
| Amounts receivable within one year | 40/41 | €31,980 | €38,340 | +€6,360 | +19.9% |
| Trade receivables | 40 | €13,007 | €17,003 | +€3,996 | +30.7% |
| Other amounts receivable | 41 | €18,973 | €21,337 | +€2,364 | +12.5% |
| Cash at bank and in hand | 54/58 | €1,821 | €695 | -€1,126 | -61.8% |
| Total equity and liabilities | 10/49 | €35,604 | €52,536 | +€16,932 | +47.6% |
| Equity | 10/15 | €23,703 | €26,098 | +€2,395 | +10.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Legal reserve | 130 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,703 | €15,098 | +€2,395 | +18.9% |
| Amounts payable | 17/49 | €11,901 | €26,438 | +€14,537 | +122% |
| Amounts payable within one year | 42/48 | €11,901 | €26,438 | +€14,537 | +122% |
| Trade debts | 44 | €4,025 | - | -€4,025 | |
| Suppliers | 440/4 | €4,025 | - | -€4,025 | |
| Taxes, remuneration and social security | 45 | €7,876 | €12,438 | +€4,562 | +57.9% |
| Taxes | 450/3 | €7,876 | €12,438 | +€4,562 | +57.9% |
| Other amounts payable | 47/48 | - | €14,000 | +€14,000 | |
| Non-recurring operating income | 76A | - | €90,363 | +€90,363 | |
| Remuneration, social security and pensions | 62 | €25,284 | €97,377 | +€72,093 | +285% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €603 | €4,846 | +€4,243 | +704% |
| Other operating charges | 640/8 | - | €2,743 | +€2,743 | |
| Non-recurring operating charges | 66A | - | €1,041 | +€1,041 | |
| Gross operating margin | 9900 | €47,428 | €112,040 | +€64,613 | +136% |
| Operating profit (loss) | 9901 | €21,540 | €6,033 | -€15,507 | -72.0% |
| Financial charges | 65/66B | €1,533 | €2,816 | +€1,284 | +83.7% |
| Recurring financial charges | 65 | €201 | €2,816 | +€2,616 | +1,303% |
| Non-recurring financial charges | 66B | €1,332 | - | -€1,332 | |
| Profit (loss) for the period before taxes | 9903 | €20,007 | €3,217 | -€16,790 | -83.9% |
| Income taxes | 67/77 | €4,663 | €822 | -€3,840 | -82.4% |
| Profit (loss) for the period | 9904 | €15,345 | €2,395 | -€12,950 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,345 | €2,395 | -€12,950 | -84.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.