SEENERGY: 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.
SEENERGY
Largest movements
- Cash -€23,504
down €23,504 (-34.8%), from €67,489 to €43,986
mainly Contributions, distributions and other (-€62,000) and Other debts (-€22,947)
- Tangible fixed assets +€9,958
up €9,958 (+15.1%), from €66,167 to €76,125
of which Furniture and vehicles: +€6,598
- Receivables within one year +€9,152
up €9,152 (+18.7%), from €48,866 to €58,018
of which Other amounts receivable: +€19,199
- Financial fixed assets -€4,990
down €4,990 (-97.3%), from €5,129 to €139
- Other debts -€22,947
down €22,947 (-25.4%), from €90,488 to €67,541
- Debts after one year +€6,691
up €6,691 (+19.9%), from €33,632 to €40,323
- Current portion of long-term debt +€6,145
up €6,145 (+55.3%), from €11,122 to €17,267
- Trade debts +€5,225
up €5,225 (+102%), from €5,140 to €10,364
- Tax, wage and social debts -€4,388
down €4,388 (-25.3%), from €17,347 to €12,959
of which Taxes: -€3,851
- Gross operating margin -€27,263
down €27,263 (-15.3%), from €177,757 to €150,494
- Depreciation +€10,666
up €10,666 (+252%), from €4,234 to €14,900
- Staff costs -€6,125
down €6,125 (-8.5%), from €71,773 to €65,648
- Taxes -€2,265
down €2,265 (-45.0%), from €5,031 to €2,766
- Other operating charges +€2,175
up €2,175 (+205%), from €1,062 to €3,237
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.
Derived cash bridge
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 | €189,482 | €180,540 | -€8,942 | -4.7% |
| Fixed assets | 21/28 | €71,296 | €76,264 | +€4,968 | +7.0% |
| Tangible fixed assets | 22/27 | €66,167 | €76,125 | +€9,958 | +15.1% |
| Furniture and vehicles | 24 | €66,167 | €72,765 | +€6,598 | +10.0% |
| Leasing and similar rights | 25 | - | €755 | +€755 | |
| Other tangible fixed assets | 26 | - | €2,605 | +€2,605 | |
| Financial fixed assets | 28 | €5,129 | €139 | -€4,990 | -97.3% |
| Current assets | 29/58 | €118,186 | €104,276 | -€13,910 | -11.8% |
| Amounts receivable within one year | 40/41 | €48,866 | €58,018 | +€9,152 | +18.7% |
| Trade receivables | 40 | €48,866 | €38,819 | -€10,047 | -20.6% |
| Other amounts receivable | 41 | - | €19,199 | +€19,199 | |
| Cash at bank and in hand | 54/58 | €67,489 | €43,986 | -€23,504 | -34.8% |
| Deferred charges and accrued income | 490/1 | €1,831 | €2,272 | +€441 | +24.1% |
| Total equity and liabilities | 10/49 | €189,482 | €180,540 | -€8,942 | -4.7% |
| Equity | 10/15 | €30,732 | €31,119 | +€387 | +1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,672 | €23,059 | +€387 | +1.7% |
| Amounts payable | 17/49 | €158,750 | €149,421 | -€9,328 | -5.9% |
| Amounts payable after more than one year | 17 | €33,632 | €40,323 | +€6,691 | +19.9% |
| Financial debts | 170/4 | €33,632 | €40,323 | +€6,691 | +19.9% |
| Amounts payable within one year | 42/48 | €124,097 | €108,132 | -€15,965 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €11,122 | €17,267 | +€6,145 | +55.3% |
| Trade debts | 44 | €5,140 | €10,364 | +€5,225 | +102% |
| Suppliers | 440/4 | €5,140 | €10,364 | +€5,225 | +102% |
| Taxes, remuneration and social security | 45 | €17,347 | €12,959 | -€4,388 | -25.3% |
| Taxes | 450/3 | €6,487 | €2,636 | -€3,851 | -59.4% |
| Remuneration and social security | 454/9 | €10,860 | €10,324 | -€537 | -4.9% |
| Other amounts payable | 47/48 | €90,488 | €67,541 | -€22,947 | -25.4% |
| Accrued charges and deferred income | 492/3 | €1,021 | €967 | -€54 | -5.3% |
| Remuneration, social security and pensions | 62 | €71,773 | €65,648 | -€6,125 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,234 | €14,900 | +€10,666 | +252% |
| Other operating charges | 640/8 | €1,062 | €3,237 | +€2,175 | +205% |
| Gross operating margin | 9900 | €177,757 | €150,494 | -€27,263 | -15.3% |
| Operating profit (loss) | 9901 | €100,689 | €66,710 | -€33,978 | -33.7% |
| Financial income | 75/76B | €0 | €229 | +€229 | +1,146,300% |
| Recurring financial income | 75 | €0 | €229 | +€229 | +1,146,300% |
| Financial charges | 65/66B | €571 | €1,787 | +€1,215 | +213% |
| Recurring financial charges | 65 | €571 | €1,787 | +€1,215 | +213% |
| Profit (loss) for the period before taxes | 9903 | €100,117 | €65,153 | -€34,965 | -34.9% |
| Income taxes | 67/77 | €5,031 | €2,766 | -€2,265 | -45.0% |
| Profit (loss) for the period | 9904 | €95,086 | €62,387 | -€32,700 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €95,086 | €62,387 | -€32,700 | -34.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.