SeeU: 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.
SeeU
Largest movements
- Cash +€28,282
up €28,282 (+78.7%), from €35,936 to €64,218
mainly Net result for the year (+€28,118) and Tax, wage and social debts (+€5,632)
- Receivables within one year -€2,750
down €2,750 (-13.4%), from €20,460 to €17,710
of which Trade receivables: -€2,810
- Profit (loss) carried forward +€28,118
up €28,118 (+311.8%), from €9,017 to €37,135
- Other debts -€7,500
no longer reported in 2025 (was €7,500)
- Tax, wage and social debts +€5,632
up €5,632 (+19.6%), from €28,780 to €34,412
of which Taxes: +€3,504
- Trade debts -€872
down €872 (-12.7%), from €6,843 to €5,971
- Gross operating margin +€14,956
up €14,956 (+14.2%), from €105,156 to €120,112
- Taxes +€3,846
up €3,846 (+65.6%), from €5,863 to €9,709
- Staff costs -€1,955
down €1,955 (-2.4%), from €82,443 to €80,488
- Financial charges +€1,482
up €1,482 (+5488.9%), from €27 to €1,509
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 | €59,640 | €85,082 | +€25,442 | +42.7% |
| Fixed assets | 21/28 | €3,184 | €2,484 | -€700 | -22.0% |
| Tangible fixed assets | 22/27 | €3,184 | €2,484 | -€700 | -22.0% |
| Plant, machinery and equipment | 23 | €3,184 | €2,484 | -€700 | -22.0% |
| Current assets | 29/58 | €56,456 | €82,598 | +€26,142 | +46.3% |
| Amounts receivable within one year | 40/41 | €20,460 | €17,710 | -€2,750 | -13.4% |
| Trade receivables | 40 | €19,460 | €16,650 | -€2,810 | -14.4% |
| Other amounts receivable | 41 | €1,000 | €1,060 | +€60 | +6.0% |
| Cash at bank and in hand | 54/58 | €35,936 | €64,218 | +€28,282 | +78.7% |
| Deferred charges and accrued income | 490/1 | €60 | €670 | +€610 | +1016.7% |
| Total equity and liabilities | 10/49 | €59,640 | €85,082 | +€25,442 | +42.7% |
| Equity | 10/15 | €16,517 | €44,635 | +€28,118 | +170.2% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,017 | €37,135 | +€28,118 | +311.8% |
| Amounts payable | 17/49 | €43,123 | €40,447 | -€2,676 | -6.2% |
| Amounts payable within one year | 42/48 | €43,123 | €40,383 | -€2,740 | -6.4% |
| Trade debts | 44 | €6,843 | €5,971 | -€872 | -12.7% |
| Suppliers | 440/4 | €6,843 | €5,971 | -€872 | -12.7% |
| Taxes, remuneration and social security | 45 | €28,780 | €34,412 | +€5,632 | +19.6% |
| Taxes | 450/3 | €14,671 | €18,175 | +€3,504 | +23.9% |
| Remuneration and social security | 454/9 | €14,109 | €16,237 | +€2,128 | +15.1% |
| Other amounts payable | 47/48 | €7,500 | - | -€7,500 | |
| Accrued charges and deferred income | 492/3 | - | €64 | +€64 | |
| Remuneration, social security and pensions | 62 | €82,443 | €80,488 | -€1,955 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316 | €700 | +€384 | +121.5% |
| Other operating charges | 640/8 | €50 | €100 | +€50 | +100.0% |
| Gross operating margin | 9900 | €105,156 | €120,112 | +€14,956 | +14.2% |
| Operating profit (loss) | 9901 | €22,347 | €38,824 | +€16,477 | +73.7% |
| Financial income | 75/76B | €60 | €512 | +€452 | +753.3% |
| Recurring financial income | 75 | €60 | €512 | +€452 | +753.3% |
| Financial charges | 65/66B | €27 | €1,509 | +€1,482 | +5488.9% |
| Recurring financial charges | 65 | €27 | €1,509 | +€1,482 | +5488.9% |
| Profit (loss) for the period before taxes | 9903 | €22,380 | €37,827 | +€15,447 | +69.0% |
| Income taxes | 67/77 | €5,863 | €9,709 | +€3,846 | +65.6% |
| Profit (loss) for the period | 9904 | €16,517 | €28,118 | +€11,601 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,517 | €28,118 | +€11,601 | +70.2% |
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 2 October 2026 via checked.be.