SEDINVEST: 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.
SEDINVEST
Largest movements
- Financial fixed assets -€170,000
down €170,000 (-10.0%), from €1.7m to €1.5m
- Cash +€140,225
up €140,225 (+113%), from €123,815 to €264,040
mainly Net result for the year (+€312,912) and Investment in fixed assets (net) (+€170,000)
- Receivables after one year +€94,643
new in 2025: €94,643
- Profit (loss) carried forward +€152,912
up €152,912 (+11.7%), from €1.3m to €1.5m
- Debts after one year -€63,753
down €63,753 (-42.3%), from €150,731 to €86,978
- Tax, wage and social debts -€23,250
down €23,250 (-86.1%), from €27,000 to €3,750
- Financial income -€209,901
down €209,901 (-56.7%), from €370,160 to €160,259
- Gross operating margin +€197,862
up €197,862 (+299%), from €66,254 to €264,116
- Taxes +€47,061
up €47,061 (+474%), from €9,928 to €56,990
- Financial charges +€35,551
up €35,551 (+222%), from €16,022 to €51,574
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 | €1,855,342 | €1,916,125 | +€60,783 | +3.3% |
| Fixed assets | 21/28 | €1,703,543 | €1,532,048 | -€171,495 | -10.1% |
| Tangible fixed assets | 22/27 | €3,543 | €2,048 | -€1,495 | -42.2% |
| Plant, machinery and equipment | 23 | €1,607 | €1,086 | -€522 | -32.4% |
| Furniture and vehicles | 24 | €1,936 | €962 | -€974 | -50.3% |
| Financial fixed assets | 28 | €1,700,000 | €1,530,000 | -€170,000 | -10.0% |
| Current assets | 29/58 | €151,799 | €384,077 | +€232,278 | +153% |
| Amounts receivable after more than one year | 29 | - | €94,643 | +€94,643 | |
| Other amounts receivable | 291 | - | €94,643 | +€94,643 | |
| Amounts receivable within one year | 40/41 | €25,072 | €22,296 | -€2,776 | -11.1% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €25,072 | €22,296 | -€2,776 | -11.1% |
| Cash at bank and in hand | 54/58 | €123,815 | €264,040 | +€140,225 | +113% |
| Deferred charges and accrued income | 490/1 | €2,912 | €3,098 | +€186 | +6.4% |
| Total equity and liabilities | 10/49 | €1,855,342 | €1,916,125 | +€60,783 | +3.3% |
| Equity | 10/15 | €1,329,688 | €1,482,601 | +€152,912 | +11.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,309,228 | €1,462,141 | +€152,912 | +11.7% |
| Amounts payable | 17/49 | €525,653 | €433,524 | -€92,129 | -17.5% |
| Amounts payable after more than one year | 17 | €150,731 | €86,978 | -€63,753 | -42.3% |
| Financial debts | 170/4 | €150,731 | €86,978 | -€63,753 | -42.3% |
| Amounts payable within one year | 42/48 | €374,922 | €346,546 | -€28,376 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €69,257 | €70,178 | +€922 | +1.3% |
| Trade debts | 44 | €356 | €399 | +€43 | +12.1% |
| Suppliers | 440/4 | €356 | €399 | +€43 | +12.1% |
| Taxes, remuneration and social security | 45 | €27,000 | €3,750 | -€23,250 | -86.1% |
| Taxes | 450/3 | €27,000 | €3,750 | -€23,250 | -86.1% |
| Other amounts payable | 47/48 | €278,310 | €272,219 | -€6,091 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,495 | €1,495 | = | 0.0% |
| Other operating charges | 640/8 | €1,358 | €1,403 | +€45 | +3.3% |
| Gross operating margin | 9900 | €66,254 | €264,116 | +€197,862 | +299% |
| Operating profit (loss) | 9901 | €63,400 | €261,217 | +€197,817 | +312% |
| Financial income | 75/76B | €370,160 | €160,259 | -€209,901 | -56.7% |
| Recurring financial income | 75 | €370,160 | €160,259 | -€209,901 | -56.7% |
| Financial charges | 65/66B | €16,022 | €51,574 | +€35,551 | +222% |
| Recurring financial charges | 65 | €16,022 | €51,574 | +€35,551 | +222% |
| Profit (loss) for the period before taxes | 9903 | €417,538 | €369,902 | -€47,635 | -11.4% |
| Income taxes | 67/77 | €9,928 | €56,990 | +€47,061 | +474% |
| Profit (loss) for the period | 9904 | €407,609 | €312,912 | -€94,697 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €407,609 | €312,912 | -€94,697 | -23.2% |
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 31 October 2026 via checked.be.