SEDUCTIF: what changed
Two financial 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.
SEDUCTIF
Largest movements
- Tangible fixed assets +€28,958
up €28,958 (+566%), from €5,114 to €34,072
of which Furniture and vehicles: +€30,243
- Cash +€4,477
up €4,477 (+11.9%), from €37,599 to €42,076
mainly Debts after one year (+€25,323) and Depreciation (+€6,785)
- Receivables within one year +€1,416
up €1,416 (+69.2%), from €2,047 to €3,463
of which Trade receivables: +€1,396
- Stocks and contracts +€1,329
up €1,329 (+31.5%), from €4,222 to €5,551
- Deferred charges and accrued income -€1,198
no longer reported in 2025 (was €1,198)
- Debts after one year +€25,323
new in 2025: €25,323
- Current portion of long-term debt +€6,550
new in 2025: €6,550
- Profit (loss) carried forward +€5,202
up €5,202 (+97.4%), from -€5,340 to -€138
- Other debts -€3,633
down €3,633 (-23.0%), from €15,823 to €12,190
- Tax, wage and social debts +€2,093
up €2,093 (+16.2%), from €12,913 to €15,007
of which Remuneration and social security: +€1,187
- Gross operating margin +€17,487
up €17,487 (+18.9%), from €92,287 to €109,774
- Staff costs +€11,250
up €11,250 (+14.0%), from €80,185 to €91,435
- Depreciation +€4,092
up €4,092 (+152%), from €2,693 to €6,785
- Other operating charges +€3,765
up €3,765 (+861%), from €437 to €4,203
- Financial charges +€1,987
up €1,987 (+2,413%), from €82 to €2,069
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.
Derived cash bridge
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 | €50,193 | €85,174 | +€34,982 | +69.7% |
| Fixed assets | 21/28 | €5,127 | €34,084 | +€28,958 | +565% |
| Tangible fixed assets | 22/27 | €5,114 | €34,072 | +€28,958 | +566% |
| Plant, machinery and equipment | 23 | €5,114 | €3,829 | -€1,285 | -25.1% |
| Furniture and vehicles | 24 | - | €30,243 | +€30,243 | |
| Financial fixed assets | 28 | €12 | €12 | = | 0.0% |
| Current assets | 29/58 | €45,066 | €51,090 | +€6,024 | +13.4% |
| Stocks and contracts in progress | 3 | €4,222 | €5,551 | +€1,329 | +31.5% |
| Stocks | 30/36 | €4,222 | €5,551 | +€1,329 | +31.5% |
| Amounts receivable within one year | 40/41 | €2,047 | €3,463 | +€1,416 | +69.2% |
| Trade receivables | 40 | €2,047 | €3,443 | +€1,396 | +68.2% |
| Other amounts receivable | 41 | - | €20 | +€20 | |
| Cash at bank and in hand | 54/58 | €37,599 | €42,076 | +€4,477 | +11.9% |
| Deferred charges and accrued income | 490/1 | €1,198 | - | -€1,198 | |
| Total equity and liabilities | 10/49 | €50,193 | €85,174 | +€34,982 | +69.7% |
| Equity | 10/15 | €14,491 | €19,693 | +€5,202 | +35.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,239 | €1,239 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,239 | €1,239 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,239 | €1,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,340 | -€138 | +€5,202 | +97.4% |
| Amounts payable | 17/49 | €35,701 | €65,481 | +€29,780 | +83.4% |
| Amounts payable after more than one year | 17 | - | €25,323 | +€25,323 | |
| Financial debts | 170/4 | - | €25,323 | +€25,323 | |
| Amounts payable within one year | 42/48 | €35,701 | €40,158 | +€4,456 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | - | €6,550 | +€6,550 | |
| Trade debts | 44 | €6,965 | €6,412 | -€553 | -7.9% |
| Suppliers | 440/4 | €6,965 | €6,412 | -€553 | -7.9% |
| Taxes, remuneration and social security | 45 | €12,913 | €15,007 | +€2,093 | +16.2% |
| Taxes | 450/3 | €7,242 | €8,148 | +€906 | +12.5% |
| Remuneration and social security | 454/9 | €5,672 | €6,859 | +€1,187 | +20.9% |
| Other amounts payable | 47/48 | €15,823 | €12,190 | -€3,633 | -23.0% |
| Non-recurring operating income | 76A | €164 | - | -€164 | |
| Remuneration, social security and pensions | 62 | €80,185 | €91,435 | +€11,250 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,693 | €6,785 | +€4,092 | +152% |
| Other operating charges | 640/8 | €437 | €4,203 | +€3,765 | +861% |
| Non-recurring operating charges | 66A | €853 | €85 | -€769 | -90.0% |
| Gross operating margin | 9900 | €92,287 | €109,774 | +€17,487 | +18.9% |
| Operating profit (loss) | 9901 | €8,118 | €7,266 | -€852 | -10.5% |
| Financial income | 75/76B | €1 | €5 | +€4 | +892% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +892% |
| Financial charges | 65/66B | €82 | €2,069 | +€1,987 | +2,413% |
| Recurring financial charges | 65 | €82 | €2,069 | +€1,987 | +2,413% |
| Profit (loss) for the period before taxes | 9903 | €8,036 | €5,202 | -€2,834 | -35.3% |
| Profit (loss) for the period | 9904 | €8,036 | €5,202 | -€2,834 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,036 | €5,202 | -€2,834 | -35.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.