SEDUCTION: 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.
SEDUCTION
Largest movements
- Receivables within one year -€4,198
down €4,198 (-41.7%), from €10,062 to €5,864
- Cash +€1,519
up €1,519 (+101%), from €1,509 to €3,028
mainly Receivables within one year (+€4,198) and Tax, wage and social debts (+€2,715)
- Stocks and contracts +€258
up €258 (+15.2%), from €1,695 to €1,952
- Tax, wage and social debts +€2,715
up €2,715 (+17.6%), from €15,396 to €18,111
of which Remuneration and social security: +€2,027
- Profit (loss) carried forward -€2,705
down €2,705 (-11.0%), from -€24,515 to -€27,220
- Trade debts -€2,662
down €2,662 (-50.4%), from €5,283 to €2,621
- Other debts +€231
up €231 (+5.0%), from €4,613 to €4,844
- Gross operating margin +€1,974
up €1,974 (+35.6%), from €5,548 to €7,521
- Other operating charges +€400
new in 2025: €400
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 | €17,518 | €15,097 | -€2,421 | -13.8% |
| Fixed assets | 21/28 | €4,252 | €4,252 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,656 | €3,656 | = | 0.0% |
| Land and buildings | 22 | €3,656 | €3,656 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €596 | €596 | = | 0.0% |
| Current assets | 29/58 | €13,266 | €10,845 | -€2,421 | -18.3% |
| Stocks and contracts in progress | 3 | €1,695 | €1,952 | +€258 | +15.2% |
| Stocks | 30/36 | €1,695 | €1,952 | +€258 | +15.2% |
| Amounts receivable within one year | 40/41 | €10,062 | €5,864 | -€4,198 | -41.7% |
| Trade receivables | 40 | €10,062 | €5,864 | -€4,198 | -41.7% |
| Cash at bank and in hand | 54/58 | €1,509 | €3,028 | +€1,519 | +101% |
| Total equity and liabilities | 10/49 | €17,518 | €15,097 | -€2,421 | -13.8% |
| Equity | 10/15 | -€7,774 | -€10,479 | -€2,705 | -34.8% |
| Contributions | 10/11 | €14,882 | €14,882 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,515 | -€27,220 | -€2,705 | -11.0% |
| Amounts payable | 17/49 | €25,292 | €25,576 | +€284 | +1.1% |
| Amounts payable within one year | 42/48 | €25,292 | €25,576 | +€284 | +1.1% |
| Trade debts | 44 | €5,283 | €2,621 | -€2,662 | -50.4% |
| Suppliers | 440/4 | €5,283 | €2,621 | -€2,662 | -50.4% |
| Taxes, remuneration and social security | 45 | €15,396 | €18,111 | +€2,715 | +17.6% |
| Taxes | 450/3 | €838 | €1,526 | +€688 | +82.2% |
| Remuneration and social security | 454/9 | €14,558 | €16,585 | +€2,027 | +13.9% |
| Other amounts payable | 47/48 | €4,613 | €4,844 | +€231 | +5.0% |
| Remuneration, social security and pensions | 62 | €9,656 | €9,684 | +€28 | +0.3% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €5,548 | €7,521 | +€1,974 | +35.6% |
| Operating profit (loss) | 9901 | -€4,108 | -€2,562 | +€1,546 | +37.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -31.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -31.9% |
| Financial charges | 65/66B | €165 | €143 | -€21 | -12.9% |
| Recurring financial charges | 65 | €165 | €143 | -€21 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,272 | -€2,705 | +€1,567 | +36.7% |
| Profit (loss) for the period | 9904 | -€4,272 | -€2,705 | +€1,567 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,272 | -€2,705 | +€1,567 | +36.7% |
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 16 October 2026 via checked.be.