SEEDZ: 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.
SEEDZ
Largest movements
- Cash +€84,039
up €84,039 (+134.6%), from €62,414 to €146,453
mainly Net result for the year (+€68,372) and Other debts (+€58,224)
- Receivables within one year +€6,684
up €6,684 (+36.8%), from €18,165 to €24,849
of which Trade receivables: +€7,952
- Tangible fixed assets +€2,980
up €2,980 (+579.6%), from €514 to €3,494
- Other debts +€58,224
new in 2025: €58,224
- Tax, wage and social debts +€33,393
up €33,393 (+215.7%), from €15,482 to €48,875
- Trade debts +€2,085
new in 2025: €2,085
- Gross operating margin +€63,078
up €63,078 (+250.8%), from €25,152 to €88,231
- Taxes +€12,331
up €12,331 (+238.5%), from €5,169 to €17,500
- Other operating charges +€997
up €997 (+921.9%), from €108 to €1,105
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 | €81,593 | €175,296 | +€93,703 | +114.8% |
| Fixed assets | 21/28 | €1,014 | €3,994 | +€2,980 | +293.8% |
| Tangible fixed assets | 22/27 | €514 | €3,494 | +€2,980 | +579.6% |
| Furniture and vehicles | 24 | €514 | €3,494 | +€2,980 | +579.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €80,579 | €171,302 | +€90,723 | +112.6% |
| Amounts receivable within one year | 40/41 | €18,165 | €24,849 | +€6,684 | +36.8% |
| Trade receivables | 40 | €16,897 | €24,849 | +€7,952 | +47.1% |
| Other amounts receivable | 41 | €1,268 | - | -€1,268 | |
| Cash at bank and in hand | 54/58 | €62,414 | €146,453 | +€84,039 | +134.6% |
| Total equity and liabilities | 10/49 | €81,593 | €175,296 | +€93,703 | +114.8% |
| Equity | 10/15 | €66,112 | €66,112 | = | 0.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €65,612 | €65,612 | = | 0.0% |
| Distributable reserves | 133 | €65,612 | €65,612 | = | 0.0% |
| Amounts payable | 17/49 | €15,482 | €109,184 | +€93,703 | +605.3% |
| Amounts payable within one year | 42/48 | €15,482 | €109,184 | +€93,703 | +605.3% |
| Trade debts | 44 | - | €2,085 | +€2,085 | |
| Suppliers | 440/4 | - | €2,085 | +€2,085 | |
| Taxes, remuneration and social security | 45 | €15,482 | €48,875 | +€33,393 | +215.7% |
| Taxes | 450/3 | €15,482 | €48,875 | +€33,393 | +215.7% |
| Other amounts payable | 47/48 | - | €58,224 | +€58,224 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €401 | €1,037 | +€636 | +158.7% |
| Other operating charges | 640/8 | €108 | €1,105 | +€997 | +921.9% |
| Gross operating margin | 9900 | €25,152 | €88,231 | +€63,078 | +250.8% |
| Operating profit (loss) | 9901 | €24,643 | €86,089 | +€61,445 | +249.3% |
| Financial income | 75/76B | €40 | - | -€40 | |
| Recurring financial income | 75 | €40 | - | -€40 | |
| Financial charges | 65/66B | €196 | €217 | +€21 | +10.8% |
| Recurring financial charges | 65 | €196 | €217 | +€21 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €24,488 | €85,872 | +€61,384 | +250.7% |
| Income taxes | 67/77 | €5,169 | €17,500 | +€12,331 | +238.5% |
| Profit (loss) for the period | 9904 | €19,318 | €68,372 | +€49,053 | +253.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,318 | €68,372 | +€49,053 | +253.9% |
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 10 October 2026 via checked.be.