SEEING CONSULTING: 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.
SEEING CONSULTING
Largest movements
- Current investments +€100,309
new in 2025: €100,309
- Cash -€39,333
down €39,333 (-23.9%), from €164,240 to €124,907
mainly Current investments (-€100,309) and Trade debts (-€15,133)
- Receivables within one year -€37,602
down €37,602 (-59.5%), from €63,194 to €25,592
of which Trade receivables: -€38,302
- Deferred charges and accrued income +€5,064
up €5,064 (+60.5%), from €8,375 to €13,440
- Reserves +€50,178
up €50,178 (+33.2%), from €151,306 to €201,484
- Trade debts -€15,133
down €15,133 (-84.3%), from €17,944 to €2,812
- Tax, wage and social debts -€11,808
down €11,808 (-28.8%), from €40,942 to €29,134
of which Taxes: -€15,464
- Other debts +€5,886
up €5,886 (+82.4%), from €7,143 to €13,029
- Gross operating margin +€15,943
up €15,943 (+21.3%), from €74,834 to €90,777
- Taxes +€3,415
up €3,415 (+15.2%), from €22,465 to €25,880
- Financial charges +€3,051
up €3,051 (+2536.3%), from €120 to €3,171
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 | €236,140 | €264,405 | +€28,265 | +12.0% |
| Fixed assets | 21/28 | €331 | €157 | -€174 | -52.7% |
| Tangible fixed assets | 22/27 | €331 | €157 | -€174 | -52.7% |
| Furniture and vehicles | 24 | €331 | €157 | -€174 | -52.7% |
| Current assets | 29/58 | €235,809 | €264,248 | +€28,439 | +12.1% |
| Amounts receivable within one year | 40/41 | €63,194 | €25,592 | -€37,602 | -59.5% |
| Trade receivables | 40 | €63,016 | €24,715 | -€38,302 | -60.8% |
| Other amounts receivable | 41 | €178 | €877 | +€700 | +394.0% |
| Current investments | 50/53 | - | €100,309 | +€100,309 | |
| Cash at bank and in hand | 54/58 | €164,240 | €124,907 | -€39,333 | -23.9% |
| Deferred charges and accrued income | 490/1 | €8,375 | €13,440 | +€5,064 | +60.5% |
| Total equity and liabilities | 10/49 | €236,140 | €264,405 | +€28,265 | +12.0% |
| Equity | 10/15 | €170,111 | €219,430 | +€49,319 | +29.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €151,306 | €201,484 | +€50,178 | +33.2% |
| Distributable reserves | 133 | €151,306 | €201,484 | +€50,178 | +33.2% |
| Profit (loss) carried forward | 14 | €12,605 | €11,746 | -€859 | -6.8% |
| Amounts payable | 17/49 | €66,029 | €44,975 | -€21,055 | -31.9% |
| Amounts payable within one year | 42/48 | €66,029 | €44,975 | -€21,055 | -31.9% |
| Trade debts | 44 | €17,944 | €2,812 | -€15,133 | -84.3% |
| Suppliers | 440/4 | €17,944 | €2,812 | -€15,133 | -84.3% |
| Taxes, remuneration and social security | 45 | €40,942 | €29,134 | -€11,808 | -28.8% |
| Taxes | 450/3 | €40,598 | €25,134 | -€15,464 | -38.1% |
| Remuneration and social security | 454/9 | €344 | €4,000 | +€3,656 | +1062.8% |
| Other amounts payable | 47/48 | €7,143 | €13,029 | +€5,886 | +82.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174 | €174 | = | 0.0% |
| Other operating charges | 640/8 | €16 | - | -€16 | |
| Gross operating margin | 9900 | €74,834 | €90,777 | +€15,943 | +21.3% |
| Operating profit (loss) | 9901 | €74,644 | €90,603 | +€15,959 | +21.4% |
| Financial income | 75/76B | €10 | €442 | +€432 | +4509.4% |
| Recurring financial income | 75 | €10 | €442 | +€432 | +4509.4% |
| Financial charges | 65/66B | €120 | €3,171 | +€3,051 | +2536.3% |
| Recurring financial charges | 65 | €120 | €3,171 | +€3,051 | +2536.3% |
| Profit (loss) for the period before taxes | 9903 | €74,533 | €87,874 | +€13,341 | +17.9% |
| Income taxes | 67/77 | €22,465 | €25,880 | +€3,415 | +15.2% |
| Profit (loss) for the period | 9904 | €52,068 | €61,994 | +€9,926 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,068 | €61,994 | +€9,926 | +19.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.