SEEVISE: 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.
SEEVISE
Largest movements
- Current investments +€29,494
up €29,494 (+1179.8%), from €2,500 to €31,994
- Cash +€28,042
up €28,042 (+51.5%), from €54,453 to €82,494
mainly Net result for the year (+€50,766) and Tax, wage and social debts (+€11,586)
- Deferred charges and accrued income +€4,670
up €4,670 (+301.3%), from €1,550 to €6,220
- Receivables within one year +€2,013
up €2,013 (+13.9%), from €14,485 to €16,498
of which Trade receivables: +€1,912
- Profit (loss) carried forward +€50,766
up €50,766 (+93.5%), from €54,278 to €105,044
- Tax, wage and social debts +€11,586
up €11,586 (+42.6%), from €27,166 to €38,752
of which Taxes: +€13,788
- Gross operating margin +€2,238
up €2,238 (+3.1%), from €71,113 to €73,351
- Depreciation +€2,037
up €2,037 (+177.7%), from €1,146 to €3,182
- Other operating charges +€1,416
up €1,416 (+1770.0%), from €80 to €1,496
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 | €83,830 | €146,648 | +€62,817 | +74.9% |
| Fixed assets | 21/28 | €10,843 | €9,441 | -€1,402 | -12.9% |
| Tangible fixed assets | 22/27 | €9,543 | €8,141 | -€1,402 | -14.7% |
| Furniture and vehicles | 24 | €6,033 | €5,373 | -€659 | -10.9% |
| Other tangible fixed assets | 26 | €3,510 | €2,768 | -€742 | -21.1% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €72,987 | €137,206 | +€64,219 | +88.0% |
| Amounts receivable within one year | 40/41 | €14,485 | €16,498 | +€2,013 | +13.9% |
| Trade receivables | 40 | €14,339 | €16,250 | +€1,912 | +13.3% |
| Other amounts receivable | 41 | €146 | €247 | +€101 | +69.2% |
| Current investments | 50/53 | €2,500 | €31,994 | +€29,494 | +1179.8% |
| Cash at bank and in hand | 54/58 | €54,453 | €82,494 | +€28,042 | +51.5% |
| Deferred charges and accrued income | 490/1 | €1,550 | €6,220 | +€4,670 | +301.3% |
| Total equity and liabilities | 10/49 | €83,830 | €146,648 | +€62,817 | +74.9% |
| Equity | 10/15 | €56,278 | €107,044 | +€50,766 | +90.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,278 | €105,044 | +€50,766 | +93.5% |
| Amounts payable | 17/49 | €27,552 | €39,603 | +€12,051 | +43.7% |
| Amounts payable within one year | 42/48 | €27,552 | €39,545 | +€11,993 | +43.5% |
| Trade debts | 44 | €386 | €793 | +€407 | +105.3% |
| Suppliers | 440/4 | €386 | €793 | +€407 | +105.3% |
| Taxes, remuneration and social security | 45 | €27,166 | €38,752 | +€11,586 | +42.6% |
| Taxes | 450/3 | €24,964 | €38,752 | +€13,788 | +55.2% |
| Remuneration and social security | 454/9 | €2,202 | - | -€2,202 | |
| Accrued charges and deferred income | 492/3 | - | €59 | +€59 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,146 | €3,182 | +€2,037 | +177.7% |
| Other operating charges | 640/8 | €80 | €1,496 | +€1,416 | +1770.0% |
| Gross operating margin | 9900 | €71,113 | €73,351 | +€2,238 | +3.1% |
| Operating profit (loss) | 9901 | €69,887 | €68,673 | -€1,214 | -1.7% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €3,921 | €3,578 | -€343 | -8.7% |
| Recurring financial charges | 65 | €3,921 | €3,578 | -€343 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €65,966 | €65,100 | -€866 | -1.3% |
| Income taxes | 67/77 | €13,968 | €14,334 | +€366 | +2.6% |
| Profit (loss) for the period | 9904 | €51,998 | €50,766 | -€1,232 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,998 | €50,766 | -€1,232 | -2.4% |
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 29 September 2026 via checked.be.