SEDIS: 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.
SEDIS
Largest movements
- Receivables within one year -€86,291
down €86,291 (-97.1%), from €88,913 to €2,622
of which Trade receivables: -€88,913
- Cash -€24,553
down €24,553 (-68.3%), from €35,959 to €11,405
mainly Other debts (-€47,771) and Tax, wage and social debts (-€33,473)
- Other debts -€47,771
no longer reported in 2024 (was €47,771)
- Tax, wage and social debts -€33,473
down €33,473 (-98.7%), from €33,900 to €427
of which Taxes: -€24,144
- Reserves -€20,000
down €20,000 (-50.2%), from €39,855 to €19,855
of which Distributable reserves: -€20,000
- Trade debts -€11,711
down €11,711 (-98.1%), from €11,934 to €223
- Gross operating margin -€113,082
down €113,082, from €106,545 to -€6,538
- Staff costs -€33,876
down €33,876 (-80.8%), from €41,940 to €8,064
- Financial charges -€27,992
down €27,992 (-93.2%), from €30,027 to €2,035
- Other operating charges -€11,915
down €11,915 (-92.5%), from €12,878 to €963
- Taxes -€1,789
down €1,789 (-80.7%), from €2,215 to €427
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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,334 | €29,187 | -€112,147 | -79.3% |
| Fixed assets | 21/28 | €16,329 | €15,160 | -€1,169 | -7.2% |
| Tangible fixed assets | 22/27 | €1,329 | €160 | -€1,169 | -88.0% |
| Plant, machinery and equipment | 23 | €669 | €69 | -€600 | -89.7% |
| Furniture and vehicles | 24 | €660 | €90 | -€569 | -86.3% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €125,006 | €14,027 | -€110,978 | -88.8% |
| Amounts receivable within one year | 40/41 | €88,913 | €2,622 | -€86,291 | -97.1% |
| Trade receivables | 40 | €88,913 | - | -€88,913 | |
| Other amounts receivable | 41 | - | €2,622 | +€2,622 | |
| Cash at bank and in hand | 54/58 | €35,959 | €11,405 | -€24,553 | -68.3% |
| Deferred charges and accrued income | 490/1 | €134 | - | -€134 | |
| Total equity and liabilities | 10/49 | €141,334 | €29,187 | -€112,147 | -79.3% |
| Equity | 10/15 | €47,729 | €28,537 | -€19,192 | -40.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €39,855 | €19,855 | -€20,000 | -50.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €38,000 | €18,000 | -€20,000 | -52.6% |
| Profit (loss) carried forward | 14 | €1,674 | €2,482 | +€808 | +48.2% |
| Amounts payable | 17/49 | €93,605 | €650 | -€92,955 | -99.3% |
| Amounts payable within one year | 42/48 | €93,605 | €650 | -€92,955 | -99.3% |
| Trade debts | 44 | €11,934 | €223 | -€11,711 | -98.1% |
| Suppliers | 440/4 | €11,934 | €223 | -€11,711 | -98.1% |
| Taxes, remuneration and social security | 45 | €33,900 | €427 | -€33,473 | -98.7% |
| Taxes | 450/3 | €24,571 | €427 | -€24,144 | -98.3% |
| Remuneration and social security | 454/9 | €9,329 | - | -€9,329 | |
| Other amounts payable | 47/48 | €47,771 | - | -€47,771 | |
| Remuneration, social security and pensions | 62 | €41,940 | €8,064 | -€33,876 | -80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,079 | €1,169 | +€90 | +8.4% |
| Other operating charges | 640/8 | €12,878 | €963 | -€11,915 | -92.5% |
| Gross operating margin | 9900 | €106,545 | -€6,538 | -€113,082 | |
| Operating profit (loss) | 9901 | €50,648 | -€16,734 | -€67,382 | |
| Financial income | 75/76B | €1 | €3 | +€2 | +134.4% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +134.4% |
| Financial charges | 65/66B | €30,027 | €2,035 | -€27,992 | -93.2% |
| Recurring financial charges | 65 | €30,027 | €2,035 | -€27,992 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | €20,622 | -€18,765 | -€39,388 | |
| Income taxes | 67/77 | €2,215 | €427 | -€1,789 | -80.7% |
| Profit (loss) for the period | 9904 | €18,407 | -€19,192 | -€37,599 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,407 | -€19,192 | -€37,599 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.