SEEWHY: 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.
SEEWHY
Largest movements
- Receivables within one year +€154,762
up €154,762 (+93.5%), from €165,509 to €320,271
of which Other amounts receivable: +€103,558
- Cash -€142,823
down €142,823 (-88.8%), from €160,896 to €18,073
mainly Contributions, distributions and other (-€300,000) and Receivables within one year (-€154,762)
- Current investments -€60,000
down €60,000 (-20.0%), from €300,000 to €240,000
- Tangible fixed assets -€23,353
down €23,353 (-17.1%), from €136,242 to €112,889
of which Furniture and vehicles: -€21,085
- Other debts +€300,000
new in 2024: €300,000
- Profit (loss) carried forward -€266,922
down €266,922 (-45.1%), from €592,224 to €325,302
- Tax, wage and social debts -€134,345
down €134,345 (-89.2%), from €150,585 to €16,240
- Trade debts +€22,914
up €22,914 (+70.3%), from €32,575 to €55,489
- Gross operating margin -€299,973
down €299,973 (-81.6%), from €367,729 to €67,756
- Taxes -€67,791
down €67,791 (-77.7%), from €87,278 to €19,487
- Financial income +€15,077
up €15,077 (+655.3%), from €2,301 to €17,378
- Depreciation +€11,778
up €11,778 (+60.3%), from €19,527 to €31,306
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 | €778,385 | €700,032 | -€78,353 | -10.1% |
| Fixed assets | 21/28 | €144,741 | €117,774 | -€26,967 | -18.6% |
| Intangible fixed assets | 21 | €8,421 | €4,807 | -€3,614 | -42.9% |
| Tangible fixed assets | 22/27 | €136,242 | €112,889 | -€23,353 | -17.1% |
| Land and buildings | 22 | €2,390 | €2,149 | -€241 | -10.1% |
| Furniture and vehicles | 24 | €101,712 | €80,627 | -€21,085 | -20.7% |
| Other tangible fixed assets | 26 | €32,139 | €30,112 | -€2,027 | -6.3% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €633,644 | €582,258 | -€51,386 | -8.1% |
| Amounts receivable within one year | 40/41 | €165,509 | €320,271 | +€154,762 | +93.5% |
| Trade receivables | 40 | €104,786 | €155,989 | +€51,203 | +48.9% |
| Other amounts receivable | 41 | €60,723 | €164,281 | +€103,558 | +170.5% |
| Current investments | 50/53 | €300,000 | €240,000 | -€60,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €160,896 | €18,073 | -€142,823 | -88.8% |
| Deferred charges and accrued income | 490/1 | €7,238 | €3,914 | -€3,325 | -45.9% |
| Total equity and liabilities | 10/49 | €778,385 | €700,032 | -€78,353 | -10.1% |
| Equity | 10/15 | €595,224 | €328,302 | -€266,922 | -44.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €592,224 | €325,302 | -€266,922 | -45.1% |
| Amounts payable | 17/49 | €183,161 | €371,729 | +€188,569 | +103.0% |
| Amounts payable within one year | 42/48 | €183,161 | €371,729 | +€188,569 | +103.0% |
| Trade debts | 44 | €32,575 | €55,489 | +€22,914 | +70.3% |
| Suppliers | 440/4 | €32,575 | €55,489 | +€22,914 | +70.3% |
| Taxes, remuneration and social security | 45 | €150,585 | €16,240 | -€134,345 | -89.2% |
| Taxes | 450/3 | €150,585 | €16,240 | -€134,345 | -89.2% |
| Other amounts payable | 47/48 | - | €300,000 | +€300,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,527 | €31,306 | +€11,778 | +60.3% |
| Other operating charges | 640/8 | €2,010 | €875 | -€1,135 | -56.5% |
| Gross operating margin | 9900 | €367,729 | €67,756 | -€299,973 | -81.6% |
| Operating profit (loss) | 9901 | €346,191 | €35,575 | -€310,616 | -89.7% |
| Financial income | 75/76B | €2,301 | €17,378 | +€15,077 | +655.3% |
| Recurring financial income | 75 | €2,301 | €17,378 | +€15,077 | +655.3% |
| Financial charges | 65/66B | €213 | €387 | +€175 | +82.2% |
| Recurring financial charges | 65 | €213 | €387 | +€175 | +82.2% |
| Profit (loss) for the period before taxes | 9903 | €348,280 | €52,566 | -€295,714 | -84.9% |
| Income taxes | 67/77 | €87,278 | €19,487 | -€67,791 | -77.7% |
| Profit (loss) for the period | 9904 | €261,001 | €33,078 | -€227,923 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €261,001 | €33,078 | -€227,923 | -87.3% |
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 30 September 2026 via checked.be.