SEDINFI: 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.
SEDINFI
Largest movements
- Cash +€89,392
up €89,392 (+271.6%), from €32,909 to €122,301
mainly Net result for the year (+€92,602) and Receivables within one year (+€57,049)
- Receivables within one year -€57,049
down €57,049 (-50.0%), from €114,131 to €57,083
of which Trade receivables: -€74,604
- Intangible fixed assets -€12,500
down €12,500 (-21.4%), from €58,333 to €45,833
- Financial fixed assets +€12,000
new in 2025: €12,000
- Profit (loss) carried forward +€92,602
up €92,602 (+218.6%), from €42,352 to €134,954
- Other debts -€50,992
no longer reported in 2025 (was €50,992)
- Debts after one year -€13,259
down €13,259 (-21.4%), from €61,997 to €48,738
- Tax, wage and social debts +€11,147
up €11,147 (+88.4%), from €12,611 to €23,758
of which Taxes: +€9,830
- Trade debts -€6,285
down €6,285 (-31.8%), from €19,762 to €13,477
- Gross operating margin +€8,083
up €8,083 (+4.9%), from €163,635 to €171,718
- Other operating charges -€7,147
down €7,147 (-85.9%), from €8,318 to €1,171
- Staff costs +€5,096
up €5,096 (+18.1%), from €28,132 to €33,229
- Taxes +€2,499
up €2,499 (+10.2%), from €24,497 to €26,995
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.
Cash bridge derived
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 | €207,036 | €240,533 | +€33,497 | +16.2% |
| Fixed assets | 21/28 | €59,212 | €60,540 | +€1,328 | +2.2% |
| Intangible fixed assets | 21 | €58,333 | €45,833 | -€12,500 | -21.4% |
| Tangible fixed assets | 22/27 | €878 | €2,706 | +€1,828 | +208.1% |
| Plant, machinery and equipment | 23 | €177 | €1,178 | +€1,001 | +567.1% |
| Furniture and vehicles | 24 | €702 | €1,529 | +€827 | +117.8% |
| Financial fixed assets | 28 | - | €12,000 | +€12,000 | |
| Current assets | 29/58 | €147,825 | €179,993 | +€32,169 | +21.8% |
| Amounts receivable within one year | 40/41 | €114,131 | €57,083 | -€57,049 | -50.0% |
| Trade receivables | 40 | €114,131 | €39,527 | -€74,604 | -65.4% |
| Other amounts receivable | 41 | - | €17,556 | +€17,556 | |
| Cash at bank and in hand | 54/58 | €32,909 | €122,301 | +€89,392 | +271.6% |
| Deferred charges and accrued income | 490/1 | €784 | €609 | -€175 | -22.3% |
| Total equity and liabilities | 10/49 | €207,036 | €240,533 | +€33,497 | +16.2% |
| Equity | 10/15 | €47,352 | €139,954 | +€92,602 | +195.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,352 | €134,954 | +€92,602 | +218.6% |
| Amounts payable | 17/49 | €159,684 | €100,579 | -€59,105 | -37.0% |
| Amounts payable after more than one year | 17 | €61,997 | €48,738 | -€13,259 | -21.4% |
| Financial debts | 170/4 | €61,997 | €48,738 | -€13,259 | -21.4% |
| Amounts payable within one year | 42/48 | €96,340 | €50,494 | -€45,846 | -47.6% |
| Current portion of amounts payable after more than one year | 42 | €12,975 | €13,259 | +€284 | +2.2% |
| Trade debts | 44 | €19,762 | €13,477 | -€6,285 | -31.8% |
| Suppliers | 440/4 | €19,762 | €13,477 | -€6,285 | -31.8% |
| Taxes, remuneration and social security | 45 | €12,611 | €23,758 | +€11,147 | +88.4% |
| Taxes | 450/3 | €7,170 | €17,000 | +€9,830 | +137.1% |
| Remuneration and social security | 454/9 | €5,441 | €6,758 | +€1,317 | +24.2% |
| Other amounts payable | 47/48 | €50,992 | - | -€50,992 | |
| Accrued charges and deferred income | 492/3 | €1,347 | €1,347 | -€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €28,132 | €33,229 | +€5,096 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,221 | €13,074 | -€148 | -1.1% |
| Other operating charges | 640/8 | €8,318 | €1,171 | -€7,147 | -85.9% |
| Gross operating margin | 9900 | €163,635 | €171,718 | +€8,083 | +4.9% |
| Operating profit (loss) | 9901 | €113,964 | €124,245 | +€10,281 | +9.0% |
| Financial income | 75/76B | €1 | €59 | +€58 | +5024.3% |
| Recurring financial income | 75 | €1 | €59 | +€58 | +5024.3% |
| Financial charges | 65/66B | €5,601 | €4,707 | -€895 | -16.0% |
| Recurring financial charges | 65 | €5,601 | €4,707 | -€895 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €108,363 | €119,597 | +€11,234 | +10.4% |
| Income taxes | 67/77 | €24,497 | €26,995 | +€2,499 | +10.2% |
| Profit (loss) for the period | 9904 | €83,867 | €92,602 | +€8,735 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,867 | €92,602 | +€8,735 | +10.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.