Seefar Foundation: 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.
Seefar Foundation
Largest movements
- Receivables within one year +€159,785
up €159,785 (+21.9%), from €728,033 to €887,817
- Deferred charges and accrued income -€121,931
no longer reported in 2025 (was €121,931)
- Cash -€73,778
down €73,778 (-5.0%), from €1.5m to €1.4m
mainly Accrued charges and deferred income (-€560,858) and Receivables within one year (-€159,785)
- Trade debts +€628,814
up €628,814 (+120.3%), from €522,512 to €1.2m
- Accrued charges and deferred income -€560,858
down €560,858 (-33.4%), from €1.7m to €1.1m
- Profit (loss) carried forward -€103,881
down €103,881 (-86.8%), from €119,701 to €15,820
- Gross operating margin -€183,237
down €183,237, from €107,285 to -€75,952
- Financial charges -€39,760
down €39,760 (-58.7%), from €67,688 to €27,928
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 | €2,321,676 | €2,285,752 | -€35,924 | -1.5% |
| Current assets | 29/58 | €2,321,676 | €2,285,752 | -€35,924 | -1.5% |
| Amounts receivable within one year | 40/41 | €728,033 | €887,817 | +€159,785 | +21.9% |
| Other amounts receivable | 41 | €728,033 | €887,817 | +€159,785 | +21.9% |
| Cash at bank and in hand | 54/58 | €1,471,712 | €1,397,934 | -€73,778 | -5.0% |
| Deferred charges and accrued income | 490/1 | €121,931 | - | -€121,931 | |
| Total equity and liabilities | 10/49 | €2,321,676 | €2,285,752 | -€35,924 | -1.5% |
| Equity | 10/15 | €119,701 | €15,820 | -€103,881 | -86.8% |
| Profit (loss) carried forward | 14 | €119,701 | €15,820 | -€103,881 | -86.8% |
| Amounts payable | 17/49 | €2,201,976 | €2,269,932 | +€67,956 | +3.1% |
| Amounts payable within one year | 42/48 | €522,512 | €1,151,326 | +€628,814 | +120.3% |
| Trade debts | 44 | €522,512 | €1,151,326 | +€628,814 | +120.3% |
| Suppliers | 440/4 | €522,512 | €1,151,326 | +€628,814 | +120.3% |
| Accrued charges and deferred income | 492/3 | €1,679,463 | €1,118,606 | -€560,858 | -33.4% |
| Gross operating margin | 9900 | €107,285 | -€75,952 | -€183,237 | |
| Operating profit (loss) | 9901 | €107,285 | -€75,952 | -€183,237 | |
| Financial charges | 65/66B | €67,688 | €27,928 | -€39,760 | -58.7% |
| Recurring financial charges | 65 | €67,688 | €27,928 | -€39,760 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €39,597 | -€103,881 | -€143,477 | |
| Profit (loss) for the period | 9904 | €39,597 | -€103,881 | -€143,477 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,597 | -€103,881 | -€143,477 |
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 5 October 2026 via checked.be.