SEDONA: 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.
SEDONA
Largest movements
- Cash -€11,005
down €11,005 (-62.6%), from €17,581 to €6,576
mainly Other debts (-€5,257) and Receivables within one year (-€4,599)
- Receivables within one year +€4,599
new in 2025: €4,599
- Tangible fixed assets +€602
new in 2025: €602
- Other debts -€5,257
no longer reported in 2025 (was €5,257)
- Tax, wage and social debts -€1,811
down €1,811 (-20.5%), from €8,841 to €7,030
- Trade debts +€938
up €938 (+860.6%), from €109 to €1,047
- Profit (loss) carried forward +€326
up €326 (+3.6%), from -€9,026 to -€8,700
- Gross operating margin -€26,367
down €26,367 (-95.7%), from €27,558 to €1,191
- Taxes -€7,233
down €7,233 (-96.4%), from €7,500 to €267
- Financial income -€1,777
no longer reported in 2025 (was €1,777)
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 | €17,581 | €11,777 | -€5,804 | -33.0% |
| Fixed assets | 21/28 | - | €602 | +€602 | |
| Tangible fixed assets | 22/27 | - | €602 | +€602 | |
| Furniture and vehicles | 24 | - | €602 | +€602 | |
| Current assets | 29/58 | €17,581 | €11,175 | -€6,406 | -36.4% |
| Amounts receivable within one year | 40/41 | - | €4,599 | +€4,599 | |
| Other amounts receivable | 41 | - | €4,599 | +€4,599 | |
| Cash at bank and in hand | 54/58 | €17,581 | €6,576 | -€11,005 | -62.6% |
| Total equity and liabilities | 10/49 | €17,581 | €11,777 | -€5,804 | -33.0% |
| Equity | 10/15 | €3,374 | €3,700 | +€326 | +9.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,026 | -€8,700 | +€326 | +3.6% |
| Amounts payable | 17/49 | €14,207 | €8,077 | -€6,130 | -43.1% |
| Amounts payable within one year | 42/48 | €14,207 | €8,077 | -€6,130 | -43.1% |
| Trade debts | 44 | €109 | €1,047 | +€938 | +860.6% |
| Suppliers | 440/4 | €109 | €1,047 | +€938 | +860.6% |
| Taxes, remuneration and social security | 45 | €8,841 | €7,030 | -€1,811 | -20.5% |
| Taxes | 450/3 | €8,841 | €7,030 | -€1,811 | -20.5% |
| Other amounts payable | 47/48 | €5,257 | - | -€5,257 | |
| Non-recurring operating income | 76A | €4,600 | - | -€4,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €147 | +€147 | |
| Other operating charges | 640/8 | €432 | €400 | -€32 | -7.4% |
| Non-recurring operating charges | 66A | €2,941 | - | -€2,941 | |
| Gross operating margin | 9900 | €27,558 | €1,191 | -€26,367 | -95.7% |
| Operating profit (loss) | 9901 | €24,185 | €644 | -€23,541 | -97.3% |
| Financial income | 75/76B | €1,777 | - | -€1,777 | |
| Recurring financial income | 75 | €1,777 | - | -€1,777 | |
| Financial charges | 65/66B | €105 | €51 | -€54 | -51.4% |
| Recurring financial charges | 65 | €105 | €51 | -€54 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €25,857 | €593 | -€25,264 | -97.7% |
| Income taxes | 67/77 | €7,500 | €267 | -€7,233 | -96.4% |
| Profit (loss) for the period | 9904 | €18,357 | €326 | -€18,031 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,357 | €326 | -€18,031 | -98.2% |
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 6 October 2026 via checked.be.