SEFRAWIL: 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.
SEFRAWIL
Largest movements
- Cash -€22,532
down €22,532 (-62.0%), from €36,331 to €13,800
mainly Net result for the year (-€22,492) and Receivables within one year (-€2,685)
- Receivables within one year +€2,685
up €2,685 (+7.0%), from €38,475 to €41,160
of which Other amounts receivable: +€2,769
- Tangible fixed assets +€1,411
new in 2024: €1,411
- Profit (loss) carried forward -€22,492
down €22,492 (-200.3%), from -€11,227 to -€33,718
- Trade debts +€2,150
up €2,150 (+8.7%), from €24,796 to €26,946
- Other debts +€1,704
up €1,704 (+26.9%), from €6,341 to €8,044
- Gross operating margin -€12,052
down €12,052 (-206.3%), from -€5,843 to -€17,895
- Other operating charges +€947
up €947 (+216.4%), from €437 to €1,384
- Depreciation +€223
up €223 (+110.9%), from €201 to €425
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 | €75,314 | €56,676 | -€18,638 | -24.7% |
| Formation expenses | 20 | €508 | €306 | -€201 | -39.7% |
| Fixed assets | 21/28 | - | €1,411 | +€1,411 | |
| Tangible fixed assets | 22/27 | - | €1,411 | +€1,411 | |
| Furniture and vehicles | 24 | - | €1,411 | +€1,411 | |
| Current assets | 29/58 | €74,807 | €54,960 | -€19,847 | -26.5% |
| Amounts receivable within one year | 40/41 | €38,475 | €41,160 | +€2,685 | +7.0% |
| Trade receivables | 40 | €38,420 | €38,336 | -€84 | -0.2% |
| Other amounts receivable | 41 | €55 | €2,824 | +€2,769 | +5027.8% |
| Cash at bank and in hand | 54/58 | €36,331 | €13,800 | -€22,532 | -62.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €75,314 | €56,676 | -€18,638 | -24.7% |
| Equity | 10/15 | €1,773 | -€20,718 | -€22,492 | |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,227 | -€33,718 | -€22,492 | -200.3% |
| Amounts payable | 17/49 | €73,541 | €77,395 | +€3,854 | +5.2% |
| Amounts payable within one year | 42/48 | €73,541 | €77,395 | +€3,854 | +5.2% |
| Trade debts | 44 | €24,796 | €26,946 | +€2,150 | +8.7% |
| Suppliers | 440/4 | €24,796 | €26,946 | +€2,150 | +8.7% |
| Advances received on contracts in progress | 46 | €42,393 | €42,393 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11 | €11 | = | 0.0% |
| Taxes | 450/3 | €11 | €11 | = | 0.0% |
| Other amounts payable | 47/48 | €6,341 | €8,044 | +€1,704 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201 | €425 | +€223 | +110.9% |
| Other operating charges | 640/8 | €437 | €1,384 | +€947 | +216.4% |
| Gross operating margin | 9900 | -€5,843 | -€17,895 | -€12,052 | -206.3% |
| Operating profit (loss) | 9901 | -€6,482 | -€19,704 | -€13,222 | -204.0% |
| Financial income | 75/76B | €30 | €1 | -€29 | -97.0% |
| Recurring financial income | 75 | €30 | €1 | -€29 | -97.0% |
| Financial charges | 65/66B | €2,789 | €2,789 | -€1 | 0.0% |
| Recurring financial charges | 65 | €2,789 | €2,789 | -€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,241 | -€22,492 | -€13,251 | -143.4% |
| Profit (loss) for the period | 9904 | -€9,241 | -€22,492 | -€13,251 | -143.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,241 | -€22,492 | -€13,251 | -143.4% |
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 29 September 2026 via checked.be.