SEFACO: 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.
SEFACO
Largest movements
- Cash -€42,295
down €42,295 (-68.1%), from €62,119 to €19,824
mainly Net result for the year (-€97,871) and Other debts (-€27,949)
- Profit (loss) carried forward -€97,871
down €97,871 (-1.5%), from -€6.7m to -€6.8m
- Short-term financial debts +€73,748
up €73,748 (+2.9%), from €2.6m to €2.7m
- Financial charges -€783,200
down €783,200 (-90.2%), from €868,742 to €85,541
- Gross operating margin +€64,813
up €64,813, from -€48,500 to €16,313
- Other operating charges -€32,942
down €32,942 (-90.7%), from €36,308 to €3,366
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 | €3,929,262 | €3,879,326 | -€49,937 | -1.3% |
| Fixed assets | 21/28 | €3,587,280 | €3,562,002 | -€25,277 | -0.7% |
| Tangible fixed assets | 22/27 | €564,135 | €538,857 | -€25,277 | -4.5% |
| Land and buildings | 22 | €564,135 | €538,857 | -€25,277 | -4.5% |
| Financial fixed assets | 28 | €3,023,145 | €3,023,145 | = | 0.0% |
| Current assets | 29/58 | €341,983 | €317,323 | -€24,659 | -7.2% |
| Amounts receivable within one year | 40/41 | €279,864 | €297,499 | +€17,635 | +6.3% |
| Trade receivables | 40 | €186,129 | €186,774 | +€645 | +0.3% |
| Other amounts receivable | 41 | €93,734 | €110,725 | +€16,991 | +18.1% |
| Cash at bank and in hand | 54/58 | €62,119 | €19,824 | -€42,295 | -68.1% |
| Total equity and liabilities | 10/49 | €3,929,262 | €3,879,326 | -€49,937 | -1.3% |
| Equity | 10/15 | -€3,109,352 | -€3,207,223 | -€97,871 | -3.1% |
| Contributions | 10/11 | €3,300,000 | €3,300,000 | = | 0.0% |
| Capital | 10 | €3,300,000 | €3,300,000 | = | 0.0% |
| Issued capital | 100 | €3,300,000 | €3,300,000 | = | 0.0% |
| Reserves | 13 | €291,199 | €291,199 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,332 | €14,332 | = | 0.0% |
| Legal reserve | 130 | €14,332 | €14,332 | = | 0.0% |
| Distributable reserves | 133 | €276,867 | €276,867 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,700,551 | -€6,798,422 | -€97,871 | -1.5% |
| Amounts payable | 17/49 | €7,038,614 | €7,086,549 | +€47,935 | +0.7% |
| Amounts payable within one year | 42/48 | €7,038,614 | €7,086,549 | +€47,935 | +0.7% |
| Financial debts | 43 | €2,577,886 | €2,651,634 | +€73,748 | +2.9% |
| Credit institutions | 430/8 | €2,577,886 | €2,651,634 | +€73,748 | +2.9% |
| Trade debts | 44 | €25,695 | €27,959 | +€2,264 | +8.8% |
| Suppliers | 440/4 | €25,695 | €27,959 | +€2,264 | +8.8% |
| Taxes, remuneration and social security | 45 | €129 | €0 | -€129 | -100.0% |
| Taxes | 450/3 | €129 | €0 | -€129 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,434,905 | €4,406,955 | -€27,949 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,277 | €25,277 | = | 0.0% |
| Other operating charges | 640/8 | €36,308 | €3,366 | -€32,942 | -90.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€48,500 | €16,313 | +€64,813 | |
| Operating profit (loss) | 9901 | -€110,085 | -€12,330 | +€97,755 | +88.8% |
| Financial charges | 65/66B | €868,742 | €85,541 | -€783,200 | -90.2% |
| Recurring financial charges | 65 | €868,742 | €85,541 | -€783,200 | -90.2% |
| Profit (loss) for the period before taxes | 9903 | -€978,827 | -€97,871 | +€880,955 | +90.0% |
| Profit (loss) for the period | 9904 | -€978,827 | -€97,871 | +€880,955 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€978,827 | -€97,871 | +€880,955 | +90.0% |
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 28 September 2026 via checked.be.