SEED FACTORY: 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.
SEED FACTORY
Largest movements
- Tangible fixed assets -€60,058
down €60,058 (-14.1%), from €426,054 to €365,996
of which Land and buildings: -€58,222
- Cash -€31,337
down €31,337 (-32.5%), from €96,551 to €65,213
mainly Net result for the year (-€86,643) and Trade debts (-€12,623)
- Profit (loss) carried forward -€86,643
down €86,643 (-7.1%), from -€1.2m to -€1.3m
- Revaluation surpluses -€20,732
down €20,732 (-14.3%), from €145,122 to €124,390
- Reserves +€20,732
up €20,732 (+4.3%), from €476,829 to €497,561
- Trade debts -€12,623
down €12,623 (-26.8%), from €47,074 to €34,451
- Gross operating margin -€60,543
down €60,543 (-40.8%), from €148,456 to €87,913
- Staff costs -€33,564
down €33,564 (-58.8%), from €57,128 to €23,563
- Other operating charges +€10,737
up €10,737 (+32.4%), from €33,182 to €43,919
- Financial charges +€2,723
up €2,723 (+8.2%), from €33,128 to €35,851
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €626,217 | €532,106 | -€94,111 | -15.0% |
| Fixed assets | 21/28 | €428,035 | €367,155 | -€60,880 | -14.2% |
| Intangible fixed assets | 21 | €1,753 | €932 | -€821 | -46.9% |
| Tangible fixed assets | 22/27 | €426,054 | €365,996 | -€60,058 | -14.1% |
| Land and buildings | 22 | €422,362 | €364,139 | -€58,222 | -13.8% |
| Furniture and vehicles | 24 | €3,693 | €1,857 | -€1,836 | -49.7% |
| Financial fixed assets | 28 | €228 | €228 | = | 0.0% |
| Current assets | 29/58 | €198,182 | €164,951 | -€33,231 | -16.8% |
| Amounts receivable within one year | 40/41 | €99,007 | €96,719 | -€2,288 | -2.3% |
| Trade receivables | 40 | €75,610 | €73,374 | -€2,236 | -3.0% |
| Other amounts receivable | 41 | €23,398 | €23,345 | -€53 | -0.2% |
| Cash at bank and in hand | 54/58 | €96,551 | €65,213 | -€31,337 | -32.5% |
| Deferred charges and accrued income | 490/1 | €2,624 | €3,018 | +€395 | +15.0% |
| Total equity and liabilities | 10/49 | €626,217 | €532,106 | -€94,111 | -15.0% |
| Equity | 10/15 | -€457,409 | -€544,052 | -€86,643 | -18.9% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Revaluation surpluses | 12 | €145,122 | €124,390 | -€20,732 | -14.3% |
| Reserves | 13 | €476,829 | €497,561 | +€20,732 | +4.3% |
| Distributable reserves | 133 | €476,829 | €497,561 | +€20,732 | +4.3% |
| Profit (loss) carried forward | 14 | -€1,228,096 | -€1,314,740 | -€86,643 | -7.1% |
| Amounts payable | 17/49 | €1,083,626 | €1,076,159 | -€7,467 | -0.7% |
| Amounts payable after more than one year | 17 | €989,145 | €994,989 | +€5,844 | +0.6% |
| Financial debts | 170/4 | €989,145 | €994,989 | +€5,844 | +0.6% |
| Amounts payable within one year | 42/48 | €62,507 | €47,121 | -€15,386 | -24.6% |
| Trade debts | 44 | €47,074 | €34,451 | -€12,623 | -26.8% |
| Suppliers | 440/4 | €47,074 | €34,451 | -€12,623 | -26.8% |
| Taxes, remuneration and social security | 45 | €15,432 | €12,670 | -€2,763 | -17.9% |
| Taxes | 450/3 | €15,101 | €12,670 | -€2,431 | -16.1% |
| Remuneration and social security | 454/9 | €332 | - | -€332 | |
| Accrued charges and deferred income | 492/3 | €31,974 | €34,049 | +€2,075 | +6.5% |
| Remuneration, social security and pensions | 62 | €57,128 | €23,563 | -€33,564 | -58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,803 | €71,272 | -€530 | -0.7% |
| Other operating charges | 640/8 | €33,182 | €43,919 | +€10,737 | +32.4% |
| Gross operating margin | 9900 | €148,456 | €87,913 | -€60,543 | -40.8% |
| Operating profit (loss) | 9901 | -€13,657 | -€50,841 | -€37,184 | -272% |
| Financial income | 75/76B | €76 | €48 | -€28 | -36.3% |
| Recurring financial income | 75 | €76 | €48 | -€28 | -36.3% |
| Financial charges | 65/66B | €33,128 | €35,851 | +€2,723 | +8.2% |
| Recurring financial charges | 65 | €33,128 | €35,851 | +€2,723 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | -€46,709 | -€86,643 | -€39,935 | -85.5% |
| Profit (loss) for the period | 9904 | -€46,709 | -€86,643 | -€39,935 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,709 | -€86,643 | -€39,935 | -85.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.