SEED-IT: 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.
SEED-IT
Largest movements
- Receivables within one year +€222,356
up €222,356 (+21.0%), from €1.1m to €1.3m
of which Trade receivables: +€177,401
- Cash -€74,439
down €74,439 (-8.1%), from €922,688 to €848,249
mainly Contributions, distributions and other (-€231,417) and Receivables within one year (-€222,356)
- Profit (loss) carried forward +€176,417
up €176,417 (+25.4%), from €693,558 to €869,975
- Trade debts -€161,255
down €161,255 (-20.3%), from €793,231 to €631,976
- Tax, wage and social debts +€161,020
up €161,020 (+1028.9%), from €15,650 to €176,670
of which Taxes: +€160,945
- Other debts -€82,825
down €82,825 (-26.2%), from €316,123 to €233,298
- Reserves +€50,000
up €50,000 (+32.9%), from €151,860 to €201,860
- Gross operating margin -€201,043
down €201,043 (-23.2%), from €865,508 to €664,465
- Taxes -€38,113
down €38,113 (-17.6%), from €216,542 to €178,430
- Staff costs +€21,263
up €21,263 (+99.2%), from €21,439 to €42,701
- Financial income +€15,882
up €15,882 (+4842.0%), from €328 to €16,210
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 | €1,989,485 | €2,132,379 | +€142,894 | +7.2% |
| Fixed assets | 21/28 | €3,388 | €2,546 | -€842 | -24.9% |
| Tangible fixed assets | 22/27 | €1,782 | €940 | -€842 | -47.3% |
| Furniture and vehicles | 24 | €1,782 | €940 | -€842 | -47.3% |
| Financial fixed assets | 28 | €1,606 | €1,606 | = | 0.0% |
| Current assets | 29/58 | €1,986,098 | €2,129,834 | +€143,736 | +7.2% |
| Amounts receivable within one year | 40/41 | €1,059,211 | €1,281,567 | +€222,356 | +21.0% |
| Trade receivables | 40 | €1,032,462 | €1,209,863 | +€177,401 | +17.2% |
| Other amounts receivable | 41 | €26,749 | €71,704 | +€44,955 | +168.1% |
| Cash at bank and in hand | 54/58 | €922,688 | €848,249 | -€74,439 | -8.1% |
| Deferred charges and accrued income | 490/1 | €4,199 | €19 | -€4,181 | -99.6% |
| Total equity and liabilities | 10/49 | €1,989,485 | €2,132,379 | +€142,894 | +7.2% |
| Equity | 10/15 | €864,018 | €1,090,435 | +€226,417 | +26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €151,860 | €201,860 | +€50,000 | +32.9% |
| Distributable reserves | 133 | €151,860 | €201,860 | +€50,000 | +32.9% |
| Profit (loss) carried forward | 14 | €693,558 | €869,975 | +€176,417 | +25.4% |
| Amounts payable | 17/49 | €1,125,467 | €1,041,944 | -€83,523 | -7.4% |
| Amounts payable within one year | 42/48 | €1,125,003 | €1,041,944 | -€83,059 | -7.4% |
| Trade debts | 44 | €793,231 | €631,976 | -€161,255 | -20.3% |
| Suppliers | 440/4 | €793,231 | €631,976 | -€161,255 | -20.3% |
| Taxes, remuneration and social security | 45 | €15,650 | €176,670 | +€161,020 | +1028.9% |
| Taxes | 450/3 | €13,503 | €174,448 | +€160,945 | +1191.9% |
| Remuneration and social security | 454/9 | €2,147 | €2,222 | +€76 | +3.5% |
| Other amounts payable | 47/48 | €316,123 | €233,298 | -€82,825 | -26.2% |
| Accrued charges and deferred income | 492/3 | €464 | - | -€464 | |
| Remuneration, social security and pensions | 62 | €21,439 | €42,701 | +€21,263 | +99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €623 | €842 | +€219 | +35.2% |
| Gross operating margin | 9900 | €865,508 | €664,465 | -€201,043 | -23.2% |
| Operating profit (loss) | 9901 | €843,447 | €620,922 | -€222,525 | -26.4% |
| Financial income | 75/76B | €328 | €16,210 | +€15,882 | +4842.0% |
| Recurring financial income | 75 | €328 | €16,210 | +€15,882 | +4842.0% |
| Financial charges | 65/66B | €1,730 | €868 | -€862 | -49.8% |
| Recurring financial charges | 65 | €1,730 | €868 | -€862 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €842,045 | €636,264 | -€205,781 | -24.4% |
| Income taxes | 67/77 | €216,542 | €178,430 | -€38,113 | -17.6% |
| Profit (loss) for the period | 9904 | €625,502 | €457,834 | -€167,668 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €625,502 | €457,834 | -€167,668 | -26.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.