Seffer & Partner: 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.
Seffer & Partner
Largest movements
- Cash +€66,250
up €66,250 (+184.6%), from €35,892 to €102,143
mainly Net result for the year (+€169,409) and Depreciation (+€30,000)
- Current investments +€62,162
up €62,162 (+95.6%), from €65,000 to €127,162
- Intangible fixed assets -€30,000
down €30,000 (-32.5%), from €92,301 to €62,301
- Receivables within one year +€27,598
up €27,598 (+14.1%), from €195,679 to €223,277
of which Trade receivables: +€28,470
- Reserves +€161,909
up €161,909 (+69.0%), from €234,535 to €396,444
- Debts after one year -€30,000
down €30,000 (-46.2%), from €65,000 to €35,000
- Tax, wage and social debts +€24,254
up €24,254 (+53.6%), from €45,275 to €69,529
- Trade debts -€24,145
down €24,145 (-75.4%), from €32,033 to €7,888
- Purchases and services -€276,061
down €276,061 (-9.1%), from €3.0m to €2.8m
- Gross operating margin +€73,479
up €73,479 (+38.1%), from €192,920 to €266,399
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 | €420,414 | €551,361 | +€130,947 | +31.1% |
| Fixed assets | 21/28 | €92,301 | €62,301 | -€30,000 | -32.5% |
| Intangible fixed assets | 21 | €92,301 | €62,301 | -€30,000 | -32.5% |
| Current assets | 29/58 | €328,113 | €489,060 | +€160,947 | +49.1% |
| Stocks and contracts in progress | 3 | €31,541 | €36,477 | +€4,936 | +15.6% |
| Stocks | 30/36 | €31,541 | €36,477 | +€4,936 | +15.6% |
| Amounts receivable within one year | 40/41 | €195,679 | €223,277 | +€27,598 | +14.1% |
| Trade receivables | 40 | €193,877 | €222,347 | +€28,470 | +14.7% |
| Other amounts receivable | 41 | €1,803 | €930 | -€872 | -48.4% |
| Current investments | 50/53 | €65,000 | €127,162 | +€62,162 | +95.6% |
| Cash at bank and in hand | 54/58 | €35,892 | €102,143 | +€66,250 | +184.6% |
| Total equity and liabilities | 10/49 | €420,414 | €551,361 | +€130,947 | +31.1% |
| Equity | 10/15 | €239,535 | €401,444 | +€161,909 | +67.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €234,535 | €396,444 | +€161,909 | +69.0% |
| Distributable reserves | 133 | €234,535 | €396,444 | +€161,909 | +69.0% |
| Amounts payable | 17/49 | €180,879 | €149,917 | -€30,962 | -17.1% |
| Amounts payable after more than one year | 17 | €65,000 | €35,000 | -€30,000 | -46.2% |
| Financial debts | 170/4 | €65,000 | €35,000 | -€30,000 | -46.2% |
| Amounts payable within one year | 42/48 | €115,879 | €114,917 | -€962 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €32,033 | €7,888 | -€24,145 | -75.4% |
| Suppliers | 440/4 | €32,033 | €7,888 | -€24,145 | -75.4% |
| Taxes, remuneration and social security | 45 | €45,275 | €69,529 | +€24,254 | +53.6% |
| Taxes | 450/3 | €45,275 | €69,529 | +€24,254 | +53.6% |
| Other amounts payable | 47/48 | €8,571 | €7,500 | -€1,071 | -12.5% |
| Turnover | 70 | €3,237,761 | €3,218,216 | -€19,545 | -0.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,044,841 | €2,768,780 | -€276,061 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,000 | €30,000 | = | 0.0% |
| Gross operating margin | 9900 | €192,920 | €266,399 | +€73,479 | +38.1% |
| Operating profit (loss) | 9901 | €162,920 | €236,399 | +€73,479 | +45.1% |
| Financial income | 75/76B | €460 | €7,291 | +€6,831 | +1484.4% |
| Recurring financial income | 75 | €460 | €7,291 | +€6,831 | +1484.4% |
| Financial charges | 65/66B | €4,599 | €2,760 | -€1,839 | -40.0% |
| Recurring financial charges | 65 | €4,599 | €2,760 | -€1,839 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €158,781 | €240,930 | +€82,149 | +51.7% |
| Income taxes | 67/77 | €45,275 | €71,521 | +€26,246 | +58.0% |
| Profit (loss) for the period | 9904 | €113,506 | €169,409 | +€55,903 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €113,506 | €169,409 | +€55,903 | +49.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.