Seeders: 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.
Seeders
Largest movements
- Receivables within one year +€166,967
up €166,967 (+56.2%), from €296,953 to €463,920
of which Trade receivables: +€162,262
- Cash -€67,618
down €67,618 (-25.3%), from €267,447 to €199,829
mainly Receivables within one year (-€166,967) and Other debts (-€105,000)
- Financial fixed assets -€6,875
down €6,875 (-100%), from €6,875 to €0
- Reserves +€266,000
up €266,000 (+554%), from €48,000 to €314,000
- Other debts -€105,000
down €105,000 (-100%), from €105,000 to €0
- Tax, wage and social debts -€49,755
down €49,755 (-42.1%), from €118,136 to €68,381
of which Taxes: -€47,120
- Trade debts -€21,006
down €21,006 (-7.3%), from €287,573 to €266,567
- Gross operating margin +€176,199
up €176,199 (+37.7%), from €467,912 to €644,111
- Taxes +€41,048
up €41,048 (+77.2%), from €53,195 to €94,244
- Staff costs +€19,320
up €19,320 (+7.4%), from €261,914 to €281,234
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 | €573,851 | €664,016 | +€90,165 | +15.7% |
| Fixed assets | 21/28 | €6,875 | €0 | -€6,875 | -100% |
| Financial fixed assets | 28 | €6,875 | €0 | -€6,875 | -100% |
| Current assets | 29/58 | €566,976 | €664,016 | +€97,040 | +17.1% |
| Amounts receivable within one year | 40/41 | €296,953 | €463,920 | +€166,967 | +56.2% |
| Trade receivables | 40 | €134,193 | €296,455 | +€162,262 | +121% |
| Other amounts receivable | 41 | €162,761 | €167,466 | +€4,705 | +2.9% |
| Cash at bank and in hand | 54/58 | €267,447 | €199,829 | -€67,618 | -25.3% |
| Deferred charges and accrued income | 490/1 | €2,576 | €267 | -€2,309 | -89.6% |
| Total equity and liabilities | 10/49 | €573,851 | €664,016 | +€90,165 | +15.7% |
| Equity | 10/15 | €63,141 | €329,068 | +€265,927 | +421% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €48,000 | €314,000 | +€266,000 | +554% |
| Distributable reserves | 133 | €48,000 | €314,000 | +€266,000 | +554% |
| Profit (loss) carried forward | 14 | €141 | €68 | -€73 | -51.8% |
| Amounts payable | 17/49 | €510,709 | €334,948 | -€175,761 | -34.4% |
| Amounts payable within one year | 42/48 | €510,709 | €334,948 | -€175,761 | -34.4% |
| Trade debts | 44 | €287,573 | €266,567 | -€21,006 | -7.3% |
| Suppliers | 440/4 | €287,573 | €266,567 | -€21,006 | -7.3% |
| Taxes, remuneration and social security | 45 | €118,136 | €68,381 | -€49,755 | -42.1% |
| Taxes | 450/3 | €89,259 | €42,139 | -€47,120 | -52.8% |
| Remuneration and social security | 454/9 | €28,877 | €26,242 | -€2,635 | -9.1% |
| Other amounts payable | 47/48 | €105,000 | €0 | -€105,000 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €261,914 | €281,234 | +€19,320 | +7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,207 | €6,591 | +€2,384 | +56.7% |
| Gross operating margin | 9900 | €467,912 | €644,111 | +€176,199 | +37.7% |
| Operating profit (loss) | 9901 | €201,791 | €356,285 | +€154,495 | +76.6% |
| Financial income | 75/76B | €6,018 | €6,505 | +€487 | +8.1% |
| Recurring financial income | 75 | €6,018 | €6,505 | +€487 | +8.1% |
| Financial charges | 65/66B | €2,137 | €2,620 | +€483 | +22.6% |
| Recurring financial charges | 65 | €2,137 | €2,620 | +€483 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €205,671 | €360,170 | +€154,499 | +75.1% |
| Income taxes | 67/77 | €53,195 | €94,244 | +€41,048 | +77.2% |
| Profit (loss) for the period | 9904 | €152,476 | €265,927 | +€113,450 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €152,476 | €265,927 | +€113,450 | +74.4% |
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 14 October 2026 via checked.be.