SEDRA: 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.
SEDRA
Largest movements
- Stocks and contracts +€7,510
up €7,510 (+75.1%), from €10,000 to €17,510
- Cash -€6,373
down €6,373 (-56.6%), from €11,268 to €4,895
mainly Stocks and contracts (-€7,510) and Deferred charges and accrued income (-€2,317)
- Deferred charges and accrued income +€2,317
new in 2025: €2,317
- Trade debts +€1,482
new in 2025: €1,482
- Profit (loss) carried forward +€1,007
up €1,007 (+46.8%), from -€2,154 to -€1,147
- Tax, wage and social debts +€964
up €964 (+21.2%), from €4,558 to €5,523
of which Taxes: +€2,864
- Gross operating margin -€4,126
down €4,126 (-58.2%), from €7,088 to €2,962
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 | €21,268 | €24,722 | +€3,453 | +16.2% |
| Current assets | 29/58 | €21,268 | €24,722 | +€3,453 | +16.2% |
| Stocks and contracts in progress | 3 | €10,000 | €17,510 | +€7,510 | +75.1% |
| Stocks | 30/36 | €10,000 | €17,510 | +€7,510 | +75.1% |
| Cash at bank and in hand | 54/58 | €11,268 | €4,895 | -€6,373 | -56.6% |
| Deferred charges and accrued income | 490/1 | - | €2,317 | +€2,317 | |
| Total equity and liabilities | 10/49 | €21,268 | €24,722 | +€3,453 | +16.2% |
| Equity | 10/15 | €16,710 | €17,717 | +€1,007 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €264 | €264 | = | 0.0% |
| Non-distributable reserves | 130/1 | €264 | €264 | = | 0.0% |
| Reserves not available under the articles | 1311 | €264 | €264 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,154 | -€1,147 | +€1,007 | +46.8% |
| Amounts payable | 17/49 | €4,558 | €7,005 | +€2,446 | +53.7% |
| Amounts payable within one year | 42/48 | €4,558 | €7,005 | +€2,446 | +53.7% |
| Trade debts | 44 | - | €1,482 | +€1,482 | |
| Suppliers | 440/4 | - | €1,482 | +€1,482 | |
| Taxes, remuneration and social security | 45 | €4,558 | €5,523 | +€964 | +21.2% |
| Taxes | 450/3 | €2,658 | €5,523 | +€2,864 | +107.7% |
| Remuneration and social security | 454/9 | €1,900 | - | -€1,900 | |
| Other operating charges | 640/8 | €1,830 | €1,887 | +€57 | +3.1% |
| Gross operating margin | 9900 | €7,088 | €2,962 | -€4,126 | -58.2% |
| Operating profit (loss) | 9901 | €5,258 | €1,074 | -€4,183 | -79.6% |
| Financial charges | 65/66B | €59 | €67 | +€8 | +14.4% |
| Recurring financial charges | 65 | €59 | €67 | +€8 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €5,199 | €1,007 | -€4,192 | -80.6% |
| Profit (loss) for the period | 9904 | €5,199 | €1,007 | -€4,192 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,199 | €1,007 | -€4,192 | -80.6% |
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 1 October 2026 via checked.be.