SEEK: 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.
SEEK
Largest movements
- Receivables within one year +€31,884
up €31,884 (+83.3%), from €38,290 to €70,174
of which Trade receivables: +€31,023
- Tangible fixed assets +€23,800
up €23,800 (+20.6%), from €115,794 to €139,594
of which Land and buildings: +€35,547
- Cash -€7,700
down €7,700 (-75.3%), from €10,222 to €2,522
mainly Investment in fixed assets (net) (-€36,101) and Receivables within one year (-€31,884)
- Stocks and contracts +€6,581
up €6,581 (+27.4%), from €24,009 to €30,590
- Profit (loss) carried forward +€43,620
up €43,620, from -€4,074 to €39,546
- Other debts +€18,989
up €18,989 (+28.5%), from €66,651 to €85,640
- Trade debts +€12,026
up €12,026 (+145.8%), from €8,248 to €20,275
- Tax, wage and social debts -€11,328
down €11,328 (-31.0%), from €36,592 to €25,263
of which Remuneration and social security: -€9,858
- Debts after one year -€9,406
down €9,406 (-14.4%), from €65,147 to €55,740
- Staff costs -€48,566
down €48,566 (-59.7%), from €81,320 to €32,754
- Other operating charges +€4,968
up €4,968 (+1625.8%), from €306 to €5,274
- Depreciation -€4,039
down €4,039 (-24.7%), from €16,340 to €12,301
- Gross operating margin -€1,907
down €1,907 (-1.9%), from €99,474 to €97,567
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,409 | €243,041 | +€53,632 | +28.3% |
| Fixed assets | 21/28 | €115,954 | €139,754 | +€23,800 | +20.5% |
| Tangible fixed assets | 22/27 | €115,794 | €139,594 | +€23,800 | +20.6% |
| Land and buildings | 22 | €86,163 | €121,710 | +€35,547 | +41.3% |
| Plant, machinery and equipment | 23 | €17,188 | €5,900 | -€11,288 | -65.7% |
| Furniture and vehicles | 24 | €1,550 | €2,905 | +€1,354 | +87.4% |
| Other tangible fixed assets | 26 | €10,893 | €9,080 | -€1,813 | -16.6% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €73,455 | €103,287 | +€29,832 | +40.6% |
| Stocks and contracts in progress | 3 | €24,009 | €30,590 | +€6,581 | +27.4% |
| Stocks | 30/36 | €24,009 | €30,590 | +€6,581 | +27.4% |
| Amounts receivable within one year | 40/41 | €38,290 | €70,174 | +€31,884 | +83.3% |
| Trade receivables | 40 | €38,290 | €69,314 | +€31,023 | +81.0% |
| Other amounts receivable | 41 | - | €861 | +€861 | |
| Cash at bank and in hand | 54/58 | €10,222 | €2,522 | -€7,700 | -75.3% |
| Deferred charges and accrued income | 490/1 | €933 | - | -€933 | |
| Total equity and liabilities | 10/49 | €189,409 | €243,041 | +€53,632 | +28.3% |
| Equity | 10/15 | €2,396 | €46,016 | +€43,620 | +1820.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €270 | €270 | = | 0.0% |
| Distributable reserves | 133 | €270 | €270 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,074 | €39,546 | +€43,620 | |
| Amounts payable | 17/49 | €187,013 | €197,025 | +€10,012 | +5.4% |
| Amounts payable after more than one year | 17 | €65,147 | €55,740 | -€9,406 | -14.4% |
| Financial debts | 170/4 | €65,147 | €55,740 | -€9,406 | -14.4% |
| Amounts payable within one year | 42/48 | €120,863 | €140,585 | +€19,722 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €9,372 | €9,406 | +€34 | +0.4% |
| Trade debts | 44 | €8,248 | €20,275 | +€12,026 | +145.8% |
| Suppliers | 440/4 | €8,248 | €20,275 | +€12,026 | +145.8% |
| Taxes, remuneration and social security | 45 | €36,592 | €25,263 | -€11,328 | -31.0% |
| Taxes | 450/3 | €2,880 | €1,410 | -€1,470 | -51.0% |
| Remuneration and social security | 454/9 | €33,712 | €23,853 | -€9,858 | -29.2% |
| Other amounts payable | 47/48 | €66,651 | €85,640 | +€18,989 | +28.5% |
| Accrued charges and deferred income | 492/3 | €1,003 | €700 | -€303 | -30.2% |
| Non-recurring operating income | 76A | €8,745 | - | -€8,745 | |
| Remuneration, social security and pensions | 62 | €81,320 | €32,754 | -€48,566 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,340 | €12,301 | -€4,039 | -24.7% |
| Other operating charges | 640/8 | €306 | €5,274 | +€4,968 | +1625.8% |
| Gross operating margin | 9900 | €99,474 | €97,567 | -€1,907 | -1.9% |
| Operating profit (loss) | 9901 | €1,508 | €47,239 | +€45,731 | +3032.6% |
| Financial income | 75/76B | €45 | €4 | -€41 | -90.4% |
| Recurring financial income | 75 | €45 | €4 | -€41 | -90.4% |
| Financial charges | 65/66B | €4,223 | €3,479 | -€744 | -17.6% |
| Recurring financial charges | 65 | €4,223 | €3,479 | -€744 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,670 | €43,764 | +€46,434 | |
| Income taxes | 67/77 | €135 | €144 | +€9 | +6.9% |
| Profit (loss) for the period | 9904 | -€2,805 | €43,620 | +€46,425 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,805 | €43,620 | +€46,425 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.