SEEONEE: 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.
SEEONEE
Largest movements
- Stocks and contracts -€92,173
down €92,173 (-15.6%), from €591,542 to €499,368
- Receivables within one year +€19,809
up €19,809 (+104.6%), from €18,944 to €38,753
of which Other amounts receivable: +€21,592
- Cash -€11,378
down €11,378 (-66.4%), from €17,122 to €5,745
mainly Debts after one year (-€62,750) and Contributions, distributions and other (-€27,701)
- Debts after one year -€62,750
down €62,750 (-24.0%), from €261,217 to €198,467
- Profit (loss) carried forward -€24,313
down €24,313 (-32.5%), from €74,778 to €50,465
- Trade debts +€11,215
up €11,215 (+13.2%), from €85,175 to €96,391
- Gross operating margin -€42,778
down €42,778 (-21.1%), from €202,697 to €159,919
- Staff costs +€20,314
up €20,314 (+24.5%), from €82,854 to €103,168
- Taxes -€14,279
down €14,279 (-81.1%), from €17,611 to €3,332
- Write-downs -€5,873
down €5,873 (-29.4%), from €19,977 to €14,104
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €656,780 | €570,991 | -€85,789 | -13.1% |
| Fixed assets | 21/28 | €25,778 | €23,464 | -€2,314 | -9.0% |
| Tangible fixed assets | 22/27 | €25,603 | €23,289 | -€2,314 | -9.0% |
| Furniture and vehicles | 24 | €17,769 | €16,711 | -€1,058 | -6.0% |
| Other tangible fixed assets | 26 | €7,834 | €6,578 | -€1,256 | -16.0% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €631,002 | €547,527 | -€83,475 | -13.2% |
| Stocks and contracts in progress | 3 | €591,542 | €499,368 | -€92,173 | -15.6% |
| Stocks | 30/36 | €591,542 | €499,368 | -€92,173 | -15.6% |
| Amounts receivable within one year | 40/41 | €18,944 | €38,753 | +€19,809 | +104.6% |
| Trade receivables | 40 | €6,322 | €4,539 | -€1,783 | -28.2% |
| Other amounts receivable | 41 | €12,622 | €34,214 | +€21,592 | +171.1% |
| Cash at bank and in hand | 54/58 | €17,122 | €5,745 | -€11,378 | -66.4% |
| Deferred charges and accrued income | 490/1 | €3,394 | €3,661 | +€267 | +7.9% |
| Total equity and liabilities | 10/49 | €656,780 | €570,991 | -€85,789 | -13.1% |
| Equity | 10/15 | €170,217 | €145,904 | -€24,313 | -14.3% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €8,676 | €8,676 | = | 0.0% |
| Distributable reserves | 133 | €8,676 | €8,676 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,778 | €50,465 | -€24,313 | -32.5% |
| Amounts payable | 17/49 | €486,564 | €425,087 | -€61,476 | -12.6% |
| Amounts payable after more than one year | 17 | €261,217 | €198,467 | -€62,750 | -24.0% |
| Financial debts | 170/4 | €261,217 | €198,467 | -€62,750 | -24.0% |
| Amounts payable within one year | 42/48 | €225,346 | €226,621 | +€1,274 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €66,620 | €60,687 | -€5,933 | -8.9% |
| Trade debts | 44 | €85,175 | €96,391 | +€11,215 | +13.2% |
| Suppliers | 440/4 | €85,175 | €96,391 | +€11,215 | +13.2% |
| Taxes, remuneration and social security | 45 | €48,341 | €41,842 | -€6,499 | -13.4% |
| Taxes | 450/3 | €31,212 | €33,446 | +€2,234 | +7.2% |
| Remuneration and social security | 454/9 | €17,128 | €8,396 | -€8,733 | -51.0% |
| Other amounts payable | 47/48 | €25,210 | €27,701 | +€2,491 | +9.9% |
| Remuneration, social security and pensions | 62 | €82,854 | €103,168 | +€20,314 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,910 | €6,405 | -€505 | -7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,977 | €14,104 | -€5,873 | -29.4% |
| Other operating charges | 640/8 | €2,432 | €2,174 | -€257 | -10.6% |
| Gross operating margin | 9900 | €202,697 | €159,919 | -€42,778 | -21.1% |
| Operating profit (loss) | 9901 | €90,524 | €34,068 | -€56,456 | -62.4% |
| Financial income | 75/76B | €12 | €97 | +€85 | +714.5% |
| Recurring financial income | 75 | €12 | €97 | +€85 | +714.5% |
| Financial charges | 65/66B | €27,117 | €27,445 | +€328 | +1.2% |
| Recurring financial charges | 65 | €27,117 | €27,445 | +€328 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €63,419 | €6,720 | -€56,699 | -89.4% |
| Income taxes | 67/77 | €17,611 | €3,332 | -€14,279 | -81.1% |
| Profit (loss) for the period | 9904 | €45,808 | €3,388 | -€42,419 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,808 | €3,388 | -€42,419 | -92.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.