SeedsM: 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.
SeedsM
Largest movements
- Receivables within one year +€7.8m
up €7.8m (+11,301%), from €68,740 to €7.8m
of which Other amounts receivable: +€7.8m
- Tangible fixed assets +€4.4m
up €4.4m (+18.0%), from €24.5m to €28.9m
of which Land and buildings: +€3.2m
- Current investments +€1.0m
up €1.0m (+12.3%), from €8.2m to €9.2m
- Contributions +€7.7m
up €7.7m (+25.2%), from €30.6m to €38.3m
of which Contributions outside capital: +€7.7m
- Other debts +€5.3m
up €5.3m (+185%), from €2.9m to €8.2m
- Gross operating margin +€189,028
up €189,028 (+32.7%), from €577,948 to €766,976
- Financial income -€147,356
down €147,356 (-45.0%), from €327,300 to €179,944
- Taxes -€92,548
down €92,548 (-48.0%), from €192,785 to €100,237
- Financial charges -€29,085
down €29,085 (-14.9%), from €195,588 to €166,503
- Other operating charges +€21,642
up €21,642 (+270%), from €8,026 to €29,668
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,010,128 | €48,156,913 | +€13.1m | +37.6% |
| Fixed assets | 21/28 | €26,627,920 | €31,034,435 | +€4.4m | +16.5% |
| Tangible fixed assets | 22/27 | €24,477,920 | €28,884,435 | +€4.4m | +18.0% |
| Land and buildings | 22 | €23,899,382 | €27,055,200 | +€3.2m | +13.2% |
| Plant, machinery and equipment | 23 | €2,522 | €10,373 | +€7,851 | +311% |
| Furniture and vehicles | 24 | €8,901 | €71,413 | +€62,512 | +702% |
| Assets under construction and advance payments | 27 | €567,115 | €1,747,449 | +€1.2m | +208% |
| Financial fixed assets | 28 | €2,150,000 | €2,150,000 | = | 0.0% |
| Current assets | 29/58 | €8,382,209 | €17,122,478 | +€8.7m | +104% |
| Amounts receivable within one year | 40/41 | €68,740 | €7,837,158 | +€7.8m | +11,301% |
| Trade receivables | 40 | €0 | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €68,740 | €7,832,158 | +€7.8m | +11,294% |
| Current investments | 50/53 | €8,186,814 | €9,193,517 | +€1.0m | +12.3% |
| Cash at bank and in hand | 54/58 | €124,762 | €51,689 | -€73,073 | -58.6% |
| Deferred charges and accrued income | 490/1 | €1,893 | €40,114 | +€38,221 | +2,019% |
| Total equity and liabilities | 10/49 | €35,010,128 | €48,156,913 | +€13.1m | +37.6% |
| Equity | 10/15 | €31,981,600 | €39,730,776 | +€7.7m | +24.2% |
| Contributions | 10/11 | €30,611,133 | €38,332,565 | +€7.7m | +25.2% |
| Capital | 10 | €3,455,717 | €3,505,717 | +€50,000 | +1.4% |
| Issued capital | 100 | €3,455,717 | €3,505,717 | +€50,000 | +1.4% |
| Contributions outside capital | 11 | €27,155,416 | €34,826,848 | +€7.7m | +28.3% |
| Share premium | 1100/10 | €27,155,416 | €34,826,848 | +€7.7m | +28.3% |
| Reserves | 13 | €152,690 | €180,434 | +€27,744 | +18.2% |
| Non-distributable reserves | 130/1 | €152,690 | €180,434 | +€27,744 | +18.2% |
| Legal reserve | 130 | €152,690 | €180,434 | +€27,744 | +18.2% |
| Profit (loss) carried forward | 14 | €1,217,777 | €1,217,777 | = | 0.0% |
| Amounts payable | 17/49 | €3,028,528 | €8,426,137 | +€5.4m | +178% |
| Amounts payable within one year | 42/48 | €3,027,379 | €8,307,417 | +€5.3m | +174% |
| Trade debts | 44 | €14,375 | €25,088 | +€10,713 | +74.5% |
| Suppliers | 440/4 | €14,375 | €25,088 | +€10,713 | +74.5% |
| Taxes, remuneration and social security | 45 | €153,556 | €124,211 | -€29,345 | -19.1% |
| Taxes | 450/3 | €153,556 | €124,211 | -€29,345 | -19.1% |
| Other amounts payable | 47/48 | €2,859,448 | €8,158,118 | +€5.3m | +185% |
| Accrued charges and deferred income | 492/3 | €1,149 | €118,720 | +€117,571 | +10,231% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,062 | €95,637 | +€16,576 | +21.0% |
| Other operating charges | 640/8 | €8,026 | €29,668 | +€21,642 | +270% |
| Gross operating margin | 9900 | €577,948 | €766,976 | +€189,028 | +32.7% |
| Operating profit (loss) | 9901 | €490,860 | €641,671 | +€150,810 | +30.7% |
| Financial income | 75/76B | €327,300 | €179,944 | -€147,356 | -45.0% |
| Recurring financial income | 75 | €327,300 | €179,944 | -€147,356 | -45.0% |
| Financial charges | 65/66B | €195,588 | €166,503 | -€29,085 | -14.9% |
| Recurring financial charges | 65 | €195,588 | €166,503 | -€29,085 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €622,573 | €655,112 | +€32,539 | +5.2% |
| Income taxes | 67/77 | €192,785 | €100,237 | -€92,548 | -48.0% |
| Profit (loss) for the period | 9904 | €429,788 | €554,875 | +€125,087 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €429,788 | €554,875 | +€125,087 | +29.1% |
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 23 October 2026 via checked.be.