SEEDLAB: 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.
SEEDLAB
Largest movements
- Cash -€52,369
down €52,369 (-57.3%), from €91,365 to €38,996
mainly Net result for the year (-€56,060) and Tax, wage and social debts (-€3,713)
- Receivables within one year -€7,120
down €7,120 (-70.9%), from €10,042 to €2,921
of which Trade receivables: -€7,855
- Tangible fixed assets -€4,481
down €4,481 (-83.6%), from €5,360 to €879
- Profit (loss) carried forward -€56,060
down €56,060 (-59.3%), from €94,604 to €38,544
- Tax, wage and social debts -€3,713
down €3,713 (-54.2%), from €6,850 to €3,137
of which Taxes: -€3,727
- Other debts -€3,015
down €3,015 (-99.3%), from €3,037 to €23
- Trade debts -€1,125
down €1,125 (-98.6%), from €1,142 to €16
- Gross operating margin -€80,191
down €80,191, from €29,373 to -€50,818
- Taxes -€5,595
down €5,595 (-96.3%), from €5,813 to €218
- Depreciation -€2,119
down €2,119 (-32.1%), from €6,600 to €4,481
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 | €107,662 | €43,737 | -€63,924 | -59.4% |
| Fixed assets | 21/28 | €5,360 | €879 | -€4,481 | -83.6% |
| Tangible fixed assets | 22/27 | €5,360 | €879 | -€4,481 | -83.6% |
| Furniture and vehicles | 24 | €5,360 | €879 | -€4,481 | -83.6% |
| Current assets | 29/58 | €102,302 | €42,858 | -€59,443 | -58.1% |
| Amounts receivable within one year | 40/41 | €10,042 | €2,921 | -€7,120 | -70.9% |
| Trade receivables | 40 | €7,855 | - | -€7,855 | |
| Other amounts receivable | 41 | €2,187 | €2,921 | +€734 | +33.6% |
| Cash at bank and in hand | 54/58 | €91,365 | €38,996 | -€52,369 | -57.3% |
| Deferred charges and accrued income | 490/1 | €895 | €941 | +€46 | +5.1% |
| Total equity and liabilities | 10/49 | €107,662 | €43,737 | -€63,924 | -59.4% |
| Equity | 10/15 | €96,604 | €40,544 | -€56,060 | -58.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,604 | €38,544 | -€56,060 | -59.3% |
| Amounts payable | 17/49 | €11,058 | €3,193 | -€7,865 | -71.1% |
| Amounts payable within one year | 42/48 | €11,029 | €3,176 | -€7,853 | -71.2% |
| Trade debts | 44 | €1,142 | €16 | -€1,125 | -98.6% |
| Suppliers | 440/4 | €1,142 | €16 | -€1,125 | -98.6% |
| Taxes, remuneration and social security | 45 | €6,850 | €3,137 | -€3,713 | -54.2% |
| Taxes | 450/3 | €3,944 | €218 | -€3,727 | -94.5% |
| Remuneration and social security | 454/9 | €2,906 | €2,919 | +€14 | +0.5% |
| Other amounts payable | 47/48 | €3,037 | €23 | -€3,015 | -99.3% |
| Accrued charges and deferred income | 492/3 | €29 | €17 | -€12 | -40.6% |
| Non-recurring operating income | 76A | €1,651 | - | -€1,651 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,600 | €4,481 | -€2,119 | -32.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €29,373 | -€50,818 | -€80,191 | |
| Operating profit (loss) | 9901 | €22,385 | -€55,699 | -€78,084 | |
| Financial charges | 65/66B | €183 | €143 | -€39 | -21.5% |
| Recurring financial charges | 65 | €183 | €143 | -€39 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €22,202 | -€55,842 | -€78,045 | |
| Income taxes | 67/77 | €5,813 | €218 | -€5,595 | -96.3% |
| Profit (loss) for the period | 9904 | €16,389 | -€56,060 | -€72,449 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,389 | -€56,060 | -€72,449 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.