Seed-Ops: 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-Ops
Largest movements
- Receivables within one year +€170,670
up €170,670 (+65.9%), from €258,960 to €429,630
of which Trade receivables: +€153,272
- Cash -€89,854
down €89,854 (-24.5%), from €366,111 to €276,257
mainly Receivables within one year (-€170,670) and Tax, wage and social debts (-€149,150)
- Tax, wage and social debts -€149,150
down €149,150 (-82.0%), from €181,789 to €32,639
- Trade debts +€125,599
up €125,599 (+133%), from €94,364 to €219,963
- Reserves +€97,918
up €97,918 (+26.6%), from €368,298 to €466,216
- Gross operating margin -€247,294
down €247,294 (-64.2%), from €385,024 to €137,730
- Taxes -€62,928
down €62,928 (-65.8%), from €95,567 to €32,639
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 | €649,693 | €724,060 | +€74,367 | +11.4% |
| Fixed assets | 21/28 | €24,622 | €18,173 | -€6,449 | -26.2% |
| Tangible fixed assets | 22/27 | €24,622 | €18,173 | -€6,449 | -26.2% |
| Plant, machinery and equipment | 23 | €24,622 | €18,173 | -€6,449 | -26.2% |
| Current assets | 29/58 | €625,071 | €705,887 | +€80,816 | +12.9% |
| Amounts receivable within one year | 40/41 | €258,960 | €429,630 | +€170,670 | +65.9% |
| Trade receivables | 40 | €258,960 | €412,232 | +€153,272 | +59.2% |
| Other amounts receivable | 41 | - | €17,398 | +€17,398 | |
| Cash at bank and in hand | 54/58 | €366,111 | €276,257 | -€89,854 | -24.5% |
| Total equity and liabilities | 10/49 | €649,693 | €724,060 | +€74,367 | +11.4% |
| Equity | 10/15 | €373,298 | €471,216 | +€97,918 | +26.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Share premium | 1100/10 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €368,298 | €466,216 | +€97,918 | +26.6% |
| Distributable reserves | 133 | €368,298 | €466,216 | +€97,918 | +26.6% |
| Amounts payable | 17/49 | €276,395 | €252,844 | -€23,551 | -8.5% |
| Amounts payable within one year | 42/48 | €276,395 | €252,844 | -€23,551 | -8.5% |
| Trade debts | 44 | €94,364 | €219,963 | +€125,599 | +133% |
| Suppliers | 440/4 | €94,364 | €219,963 | +€125,599 | +133% |
| Taxes, remuneration and social security | 45 | €181,789 | €32,639 | -€149,150 | -82.0% |
| Taxes | 450/3 | €181,789 | €32,639 | -€149,150 | -82.0% |
| Other amounts payable | 47/48 | €242 | €242 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,225 | €6,449 | +€3,224 | +100.0% |
| Other operating charges | 640/8 | €420 | €544 | +€124 | +29.5% |
| Gross operating margin | 9900 | €385,024 | €137,730 | -€247,294 | -64.2% |
| Operating profit (loss) | 9901 | €381,379 | €130,737 | -€250,642 | -65.7% |
| Financial income | 75/76B | €1,211 | - | -€1,211 | |
| Recurring financial income | 75 | €1,211 | - | -€1,211 | |
| Financial charges | 65/66B | €322 | €180 | -€142 | -44.1% |
| Recurring financial charges | 65 | €322 | €180 | -€142 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €382,268 | €130,557 | -€251,711 | -65.8% |
| Income taxes | 67/77 | €95,567 | €32,639 | -€62,928 | -65.8% |
| Profit (loss) for the period | 9904 | €286,701 | €97,918 | -€188,783 | -65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €286,701 | €97,918 | -€188,783 | -65.8% |
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.