SEI SERVICES: 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.
SEI SERVICES
Largest movements
- Cash +€205,897
up €205,897 (+361%), from €57,019 to €262,916
mainly Current investments (+€141,826) and Net result for the year (+€82,910)
- Current investments -€141,826
down €141,826 (-35.9%), from €395,191 to €253,365
- Tangible fixed assets -€16,714
down €16,714 (-26.1%), from €64,042 to €47,328
of which Furniture and vehicles: -€16,007
- Deferred charges and accrued income -€10,987
down €10,987 (-88.8%), from €12,376 to €1,389
- Receivables within one year +€7,305
up €7,305 (+18.1%), from €40,278 to €47,582
of which Other amounts receivable: +€7,655
- Reserves +€82,910
up €82,910 (+18.7%), from €442,722 to €525,632
of which Distributable reserves: +€82,910
- Debts after one year -€14,795
down €14,795 (-38.7%), from €38,278 to €23,483
- Other debts -€14,660
no longer reported in 2024 (was €14,660)
- Gross operating margin -€28,044
down €28,044 (-17.4%), from €160,901 to €132,857
- Depreciation -€6,037
down €6,037 (-22.9%), from €26,335 to €20,299
- Taxes -€3,374
down €3,374 (-8.4%), from €40,178 to €36,804
- Financial income +€3,168
up €3,168 (+67.9%), from €4,665 to €7,833
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.
Derived cash bridge
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 | €587,934 | €636,609 | +€48,675 | +8.3% |
| Fixed assets | 21/28 | €64,067 | €47,353 | -€16,714 | -26.1% |
| Tangible fixed assets | 22/27 | €64,042 | €47,328 | -€16,714 | -26.1% |
| Plant, machinery and equipment | 23 | €281 | €97 | -€184 | -65.6% |
| Furniture and vehicles | 24 | €61,644 | €45,637 | -€16,007 | -26.0% |
| Other tangible fixed assets | 26 | €2,118 | €1,595 | -€522 | -24.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €523,867 | €589,255 | +€65,389 | +12.5% |
| Stocks and contracts in progress | 3 | €19,003 | €24,003 | +€5,000 | +26.3% |
| Stocks | 30/36 | €19,003 | €24,003 | +€5,000 | +26.3% |
| Amounts receivable within one year | 40/41 | €40,278 | €47,582 | +€7,305 | +18.1% |
| Trade receivables | 40 | €39,414 | €39,064 | -€350 | -0.9% |
| Other amounts receivable | 41 | €864 | €8,519 | +€7,655 | +886% |
| Current investments | 50/53 | €395,191 | €253,365 | -€141,826 | -35.9% |
| Cash at bank and in hand | 54/58 | €57,019 | €262,916 | +€205,897 | +361% |
| Deferred charges and accrued income | 490/1 | €12,376 | €1,389 | -€10,987 | -88.8% |
| Total equity and liabilities | 10/49 | €587,934 | €636,609 | +€48,675 | +8.3% |
| Equity | 10/15 | €497,736 | €580,646 | +€82,910 | +16.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €442,722 | €525,632 | +€82,910 | +18.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €434,862 | €517,772 | +€82,910 | +19.1% |
| Profit (loss) carried forward | 14 | €48,814 | €48,814 | = | 0.0% |
| Amounts payable | 17/49 | €90,198 | €55,963 | -€34,235 | -38.0% |
| Amounts payable after more than one year | 17 | €38,278 | €23,483 | -€14,795 | -38.7% |
| Financial debts | 170/4 | €38,278 | €23,483 | -€14,795 | -38.7% |
| Amounts payable within one year | 42/48 | €51,920 | €32,480 | -€19,441 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €13,598 | €13,704 | +€106 | +0.8% |
| Trade debts | 44 | €2,363 | €340 | -€2,023 | -85.6% |
| Suppliers | 440/4 | €2,363 | €340 | -€2,023 | -85.6% |
| Taxes, remuneration and social security | 45 | €21,299 | €18,436 | -€2,863 | -13.4% |
| Taxes | 450/3 | €18,073 | €18,436 | +€363 | +2.0% |
| Remuneration and social security | 454/9 | €3,226 | - | -€3,226 | |
| Other amounts payable | 47/48 | €14,660 | - | -€14,660 | |
| Non-recurring operating income | 76A | - | €80 | +€80 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,335 | €20,299 | -€6,037 | -22.9% |
| Other operating charges | 640/8 | €575 | €286 | -€288 | -50.2% |
| Gross operating margin | 9900 | €160,901 | €132,857 | -€28,044 | -17.4% |
| Operating profit (loss) | 9901 | €133,991 | €112,273 | -€21,719 | -16.2% |
| Financial income | 75/76B | €4,665 | €7,833 | +€3,168 | +67.9% |
| Recurring financial income | 75 | €4,665 | €7,833 | +€3,168 | +67.9% |
| Financial charges | 65/66B | €1,239 | €392 | -€847 | -68.4% |
| Recurring financial charges | 65 | €1,239 | €392 | -€847 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | €137,417 | €119,714 | -€17,703 | -12.9% |
| Income taxes | 67/77 | €40,178 | €36,804 | -€3,374 | -8.4% |
| Profit (loss) for the period | 9904 | €97,239 | €82,910 | -€14,329 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,239 | €82,910 | -€14,329 | -14.7% |
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 25 October 2026 via checked.be.