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
- Receivables within one year -€15,844
down €15,844 (-95.4%), from €16,603 to €758
- Tangible fixed assets -€12,176
down €12,176 (-4.8%), from €255,954 to €243,778
of which Land and buildings: -€9,000
- Cash +€12,147
up €12,147 (+210.7%), from €5,765 to €17,912
mainly Receivables within one year (+€15,844) and Other debts (+€14,049)
- Trade debts -€15,900
down €15,900 (-95.8%), from €16,603 to €703
- Other debts +€14,049
up €14,049 (+7.1%), from €197,609 to €211,659
- Debts after one year -€11,018
down €11,018 (-12.2%), from €90,029 to €79,011
- Profit (loss) carried forward -€3,174
down €3,174 (-7.0%), from -€45,292 to -€48,467
- Gross operating margin +€14,779
up €14,779 (+183.4%), from €8,060 to €22,840
- Other operating charges +€621
up €621 (+10.9%), from €5,693 to €6,314
- Financial charges +€253
up €253 (+3.5%), from €7,272 to €7,524
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 | €278,322 | €262,448 | -€15,874 | -5.7% |
| Fixed assets | 21/28 | €255,954 | €243,778 | -€12,176 | -4.8% |
| Tangible fixed assets | 22/27 | €255,954 | €243,778 | -€12,176 | -4.8% |
| Land and buildings | 22 | €237,000 | €228,000 | -€9,000 | -3.8% |
| Plant, machinery and equipment | 23 | €18,954 | €15,778 | -€3,176 | -16.8% |
| Current assets | 29/58 | €22,368 | €18,670 | -€3,698 | -16.5% |
| Amounts receivable within one year | 40/41 | €16,603 | €758 | -€15,844 | -95.4% |
| Trade receivables | 40 | €16,603 | €758 | -€15,844 | -95.4% |
| Cash at bank and in hand | 54/58 | €5,765 | €17,912 | +€12,147 | +210.7% |
| Total equity and liabilities | 10/49 | €278,322 | €262,448 | -€15,874 | -5.7% |
| Equity | 10/15 | -€36,768 | -€39,942 | -€3,174 | -8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,324 | €2,324 | = | 0.0% |
| Tax-exempt reserves | 132 | €464 | €464 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,292 | -€48,467 | -€3,174 | -7.0% |
| Amounts payable | 17/49 | €315,090 | €302,390 | -€12,700 | -4.0% |
| Amounts payable after more than one year | 17 | €90,029 | €79,011 | -€11,018 | -12.2% |
| Financial debts | 170/4 | €90,029 | €79,011 | -€11,018 | -12.2% |
| Amounts payable within one year | 42/48 | €225,061 | €223,379 | -€1,682 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €10,848 | €11,018 | +€169 | +1.6% |
| Trade debts | 44 | €16,603 | €703 | -€15,900 | -95.8% |
| Suppliers | 440/4 | €16,603 | €703 | -€15,900 | -95.8% |
| Other amounts payable | 47/48 | €197,609 | €211,659 | +€14,049 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,176 | €12,176 | = | 0.0% |
| Other operating charges | 640/8 | €5,693 | €6,314 | +€621 | +10.9% |
| Gross operating margin | 9900 | €8,060 | €22,840 | +€14,779 | +183.4% |
| Operating profit (loss) | 9901 | -€9,809 | €4,350 | +€14,159 | |
| Financial charges | 65/66B | €7,272 | €7,524 | +€253 | +3.5% |
| Recurring financial charges | 65 | €7,272 | €7,524 | +€253 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,080 | -€3,174 | +€13,906 | +81.4% |
| Profit (loss) for the period | 9904 | -€17,080 | -€3,174 | +€13,906 | +81.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,080 | -€3,174 | +€13,906 | +81.4% |
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 6 October 2026 via checked.be.