SEFCO: what changed
Two financial 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.
SEFCO
Largest movements
- Cash +€11,238
up €11,238 (+19.5%), from €57,606 to €68,844
mainly Net result for the year (+€64,603) and Debts after one year (+€6,760)
- Tangible fixed assets +€10,863
up €10,863 (+8.5%), from €128,267 to €139,131
of which Furniture and vehicles: +€10,863
- Reserves +€19,603
up €19,603 (+13.0%), from €150,606 to €170,209
- Debts after one year +€6,760
new in 2024: €6,760
- Trade debts +€6,015
new in 2024: €6,015
- Tax, wage and social debts -€5,803
down €5,803 (-14.3%), from €40,487 to €34,684
- Other debts -€5,000
down €5,000 (-10.0%), from €50,000 to €45,000
- Gross operating margin -€35,061
down €35,061 (-28.6%), from €122,803 to €87,742
- Taxes -€13,371
down €13,371 (-62.3%), from €21,452 to €8,081
- Other operating charges -€3,348
down €3,348 (-20.8%), from €16,067 to €12,719
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 | €255,093 | €279,915 | +€24,822 | +9.7% |
| Fixed assets | 21/28 | €128,267 | €139,131 | +€10,863 | +8.5% |
| Tangible fixed assets | 22/27 | €128,267 | €139,131 | +€10,863 | +8.5% |
| Land and buildings | 22 | €124,065 | €124,065 | = | 0.0% |
| Furniture and vehicles | 24 | €4,202 | €15,066 | +€10,863 | +258.5% |
| Current assets | 29/58 | €126,825 | €140,784 | +€13,959 | +11.0% |
| Amounts receivable within one year | 40/41 | €69,219 | €71,940 | +€2,721 | +3.9% |
| Trade receivables | 40 | €51,800 | €41,634 | -€10,166 | -19.6% |
| Other amounts receivable | 41 | €17,419 | €30,306 | +€12,887 | +74.0% |
| Cash at bank and in hand | 54/58 | €57,606 | €68,844 | +€11,238 | +19.5% |
| Total equity and liabilities | 10/49 | €255,093 | €279,915 | +€24,822 | +9.7% |
| Equity | 10/15 | €164,606 | €184,209 | +€19,603 | +11.9% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Contributions outside capital | 11 | €14,000 | - | -€14,000 | |
| Share premium | 1100/10 | €14,000 | - | -€14,000 | |
| Reserves | 13 | €150,606 | €170,209 | +€19,603 | +13.0% |
| Distributable reserves | 133 | €150,606 | €170,209 | +€19,603 | +13.0% |
| Amounts payable | 17/49 | €90,487 | €95,706 | +€5,219 | +5.8% |
| Amounts payable after more than one year | 17 | - | €6,760 | +€6,760 | |
| Financial debts | 170/4 | - | €6,760 | +€6,760 | |
| Amounts payable within one year | 42/48 | €90,487 | €88,946 | -€1,541 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | - | €3,246 | +€3,246 | |
| Trade debts | 44 | - | €6,015 | +€6,015 | |
| Suppliers | 440/4 | - | €6,015 | +€6,015 | |
| Taxes, remuneration and social security | 45 | €40,487 | €34,684 | -€5,803 | -14.3% |
| Taxes | 450/3 | €40,487 | €34,684 | -€5,803 | -14.3% |
| Other amounts payable | 47/48 | €50,000 | €45,000 | -€5,000 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,165 | €3,537 | +€372 | +11.8% |
| Other operating charges | 640/8 | €16,067 | €12,719 | -€3,348 | -20.8% |
| Gross operating margin | 9900 | €122,803 | €87,742 | -€35,061 | -28.6% |
| Operating profit (loss) | 9901 | €103,570 | €71,485 | -€32,085 | -31.0% |
| Financial income | 75/76B | €1,101 | €1,424 | +€323 | +29.3% |
| Recurring financial income | 75 | €1,101 | €1,424 | +€323 | +29.3% |
| Financial charges | 65/66B | €64 | €225 | +€161 | +250.0% |
| Recurring financial charges | 65 | €64 | €225 | +€161 | +250.0% |
| Profit (loss) for the period before taxes | 9903 | €104,607 | €72,684 | -€31,923 | -30.5% |
| Income taxes | 67/77 | €21,452 | €8,081 | -€13,371 | -62.3% |
| Profit (loss) for the period | 9904 | €83,155 | €64,603 | -€18,552 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,155 | €64,603 | -€18,552 | -22.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.