SEDITRANS: what changed
SEDITRANS
Largest movements
- Tangible fixed assets -€12,793
down €12,793 (-12.4%), from €102,915 to €90,122
of which Leasing and similar rights: -€26,543
- Receivables within one year -€12,093
down €12,093 (-28.3%), from €42,804 to €30,711
of which Other amounts receivable: -€6,119
- Cash -€10,132
down €10,132 (-8.6%), from €117,933 to €107,801
mainly Other debts (-€35,000) and Debts after one year (-€28,554)
- Other debts -€35,000
no longer reported in 2025 (was €35,000)
- Debts after one year -€28,554
down €28,554 (-29.2%), from €97,903 to €69,349
- Reserves +€19,741
up €19,741 (+162%), from €12,204 to €31,945
- Tax, wage and social debts +€7,224
up €7,224 (+118%), from €6,142 to €13,366
of which Taxes: +€4,904
- Gross operating margin +€14,403
up €14,403 (+12.0%), from €120,012 to €134,416
- Staff costs +€6,312
up €6,312 (+9.1%), from €69,655 to €75,967
- Taxes +€4,533
new in 2025: €4,533
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €263,806 | €228,769 | -€35,037 | -13.3% |
| Fixed assets | 21/28 | €103,050 | €90,257 | -€12,793 | -12.4% |
| Tangible fixed assets | 22/27 | €102,915 | €90,122 | -€12,793 | -12.4% |
| Furniture and vehicles | 24 | - | €13,750 | +€13,750 | |
| Leasing and similar rights | 25 | €102,915 | €76,372 | -€26,543 | -25.8% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €160,756 | €138,512 | -€22,244 | -13.8% |
| Amounts receivable within one year | 40/41 | €42,804 | €30,711 | -€12,093 | -28.3% |
| Trade receivables | 40 | €30,384 | €24,410 | -€5,974 | -19.7% |
| Other amounts receivable | 41 | €12,420 | €6,301 | -€6,119 | -49.3% |
| Cash at bank and in hand | 54/58 | €117,933 | €107,801 | -€10,132 | -8.6% |
| Deferred charges and accrued income | 490/1 | €19 | - | -€19 | |
| Total equity and liabilities | 10/49 | €263,806 | €228,769 | -€35,037 | -13.3% |
| Equity | 10/15 | €12,304 | €32,045 | +€19,741 | +160% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €12,204 | €31,945 | +€19,741 | +162% |
| Distributable reserves | 133 | €12,204 | €31,945 | +€19,741 | +162% |
| Amounts payable | 17/49 | €251,502 | €196,724 | -€54,778 | -21.8% |
| Amounts payable after more than one year | 17 | €97,903 | €69,349 | -€28,554 | -29.2% |
| Financial debts | 170/4 | €97,903 | €69,349 | -€28,554 | -29.2% |
| Amounts payable within one year | 42/48 | €153,599 | €127,375 | -€26,224 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €27,303 | €28,554 | +€1,251 | +4.6% |
| Trade debts | 44 | €85,154 | €85,455 | +€301 | +0.4% |
| Suppliers | 440/4 | €85,154 | €85,455 | +€301 | +0.4% |
| Taxes, remuneration and social security | 45 | €6,142 | €13,366 | +€7,224 | +118% |
| Taxes | 450/3 | €241 | €5,144 | +€4,904 | +2,037% |
| Remuneration and social security | 454/9 | €5,901 | €8,221 | +€2,320 | +39.3% |
| Other amounts payable | 47/48 | €35,000 | - | -€35,000 | |
| Remuneration, social security and pensions | 62 | €69,655 | €75,967 | +€6,312 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,557 | €27,793 | +€1,236 | +4.7% |
| Other operating charges | 640/8 | €1,365 | €567 | -€799 | -58.5% |
| Gross operating margin | 9900 | €120,012 | €134,416 | +€14,403 | +12.0% |
| Operating profit (loss) | 9901 | €22,435 | €30,089 | +€7,654 | +34.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,935 | €5,814 | -€1,121 | -16.2% |
| Recurring financial charges | 65 | €6,935 | €5,814 | -€1,121 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €15,499 | €24,275 | +€8,775 | +56.6% |
| Income taxes | 67/77 | - | €4,533 | +€4,533 | |
| Profit (loss) for the period | 9904 | €15,499 | €19,741 | +€4,242 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,499 | €19,741 | +€4,242 | +27.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.