SEFLIRKO: 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.
SEFLIRKO
Largest movements
- Tangible fixed assets -€9,889
down €9,889 (-23.1%), from €42,758 to €32,869
- Cash -€2,563
down €2,563 (-3.3%), from €77,969 to €75,406
mainly Contributions, distributions and other (-€88,743) and Investment in fixed assets (net) (-€2,488)
- Receivables within one year +€1,825
up €1,825 (+11.3%), from €16,133 to €17,959
of which Other amounts receivable: +€1,455
- Profit (loss) carried forward -€15,471
down €15,471 (-100.0%), from €15,471 to €0
- Other debts +€7,072
up €7,072 (+8.6%), from €82,625 to €89,698
- Tax, wage and social debts -€2,006
down €2,006 (-10.3%), from €19,558 to €17,551
- Reserves -€1,855
down €1,855 (-100.0%), from €1,855 to €0
- Gross operating margin -€4,550
down €4,550 (-4.2%), from €107,348 to €102,798
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,452 | €127,472 | -€10,980 | -7.9% |
| Fixed assets | 21/28 | €42,758 | €32,869 | -€9,889 | -23.1% |
| Tangible fixed assets | 22/27 | €42,758 | €32,869 | -€9,889 | -23.1% |
| Furniture and vehicles | 24 | €42,758 | €32,869 | -€9,889 | -23.1% |
| Current assets | 29/58 | €95,694 | €94,602 | -€1,092 | -1.1% |
| Amounts receivable within one year | 40/41 | €16,133 | €17,959 | +€1,825 | +11.3% |
| Trade receivables | 40 | €16,133 | €16,503 | +€370 | +2.3% |
| Other amounts receivable | 41 | €0 | €1,455 | +€1,455 | |
| Cash at bank and in hand | 54/58 | €77,969 | €75,406 | -€2,563 | -3.3% |
| Deferred charges and accrued income | 490/1 | €1,592 | €1,238 | -€354 | -22.2% |
| Total equity and liabilities | 10/49 | €138,452 | €127,472 | -€10,980 | -7.9% |
| Equity | 10/15 | €35,876 | €18,550 | -€17,326 | -48.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €0 | -€1,855 | -100.0% |
| Non-distributable reserves | 130/1 | €1,855 | €0 | -€1,855 | -100.0% |
| Reserves not available under the articles | 1311 | €1,855 | €0 | -€1,855 | -100.0% |
| Profit (loss) carried forward | 14 | €15,471 | €0 | -€15,471 | -100.0% |
| Amounts payable | 17/49 | €102,576 | €108,922 | +€6,346 | +6.2% |
| Amounts payable within one year | 42/48 | €102,576 | €108,922 | +€6,346 | +6.2% |
| Financial debts | 43 | - | €150 | +€150 | |
| Credit institutions | 430/8 | - | €150 | +€150 | |
| Trade debts | 44 | €393 | €1,522 | +€1,129 | +287.5% |
| Suppliers | 440/4 | €393 | €1,522 | +€1,129 | +287.5% |
| Taxes, remuneration and social security | 45 | €19,558 | €17,551 | -€2,006 | -10.3% |
| Taxes | 450/3 | €19,558 | €17,551 | -€2,006 | -10.3% |
| Other amounts payable | 47/48 | €82,625 | €89,698 | +€7,072 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,368 | €12,377 | +€9 | +0.1% |
| Other operating charges | 640/8 | €638 | €401 | -€238 | -37.2% |
| Gross operating margin | 9900 | €107,348 | €102,798 | -€4,550 | -4.2% |
| Operating profit (loss) | 9901 | €94,342 | €90,021 | -€4,321 | -4.6% |
| Financial charges | 65/66B | €54 | €59 | +€5 | +9.4% |
| Recurring financial charges | 65 | €54 | €59 | +€5 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €94,288 | €89,962 | -€4,326 | -4.6% |
| Income taxes | 67/77 | €19,452 | €18,545 | -€908 | -4.7% |
| Profit (loss) for the period | 9904 | €74,836 | €71,417 | -€3,419 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,836 | €71,417 | -€3,419 | -4.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.