SEIDAN: 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.
SEIDAN
Largest movements
- Cash +€17,692
up €17,692 (+96.2%), from €18,388 to €36,080
mainly Receivables within one year (+€13,259) and Trade debts (+€2,454)
- Receivables within one year -€13,259
down €13,259 (-43.1%), from €30,786 to €17,527
of which Trade receivables: -€13,099
- Trade debts +€2,454
up €2,454 (+88.1%), from €2,786 to €5,240
- Tax, wage and social debts +€1,303
up €1,303 (+29.1%), from €4,471 to €5,774
- Reserves +€734
up €734 (+1.6%), from €45,660 to €46,394
- Turnover -€11,206
down €11,206 (-8.4%), from €133,058 to €121,852
- Gross operating margin -€9,843
down €9,843 (-49.6%), from €19,850 to €10,007
- Taxes +€4,418
up €4,418 (+745%), from €593 to €5,011
- Other operating charges -€1,442
down €1,442 (-45.2%), from €3,187 to €1,745
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.
Derived cash bridge
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 | €59,649 | €63,608 | +€3,959 | +6.6% |
| Fixed assets | 21/28 | €10,475 | €10,001 | -€474 | -4.5% |
| Tangible fixed assets | 22/27 | €10,475 | €10,001 | -€474 | -4.5% |
| Furniture and vehicles | 24 | €10,475 | €10,001 | -€474 | -4.5% |
| Current assets | 29/58 | €49,174 | €53,607 | +€4,433 | +9.0% |
| Amounts receivable within one year | 40/41 | €30,786 | €17,527 | -€13,259 | -43.1% |
| Trade receivables | 40 | €24,815 | €11,716 | -€13,099 | -52.8% |
| Other amounts receivable | 41 | €5,971 | €5,811 | -€160 | -2.7% |
| Cash at bank and in hand | 54/58 | €18,388 | €36,080 | +€17,692 | +96.2% |
| Total equity and liabilities | 10/49 | €59,649 | €63,608 | +€3,959 | +6.6% |
| Equity | 10/15 | €52,117 | €52,594 | +€477 | +0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €45,660 | €46,394 | +€734 | +1.6% |
| Distributable reserves | 133 | €45,660 | €46,394 | +€734 | +1.6% |
| Profit (loss) carried forward | 14 | €257 | - | -€257 | |
| Amounts payable | 17/49 | €7,532 | €11,014 | +€3,482 | +46.2% |
| Amounts payable within one year | 42/48 | €7,532 | €11,014 | +€3,482 | +46.2% |
| Trade debts | 44 | €2,786 | €5,240 | +€2,454 | +88.1% |
| Suppliers | 440/4 | €2,786 | €5,240 | +€2,454 | +88.1% |
| Taxes, remuneration and social security | 45 | €4,471 | €5,774 | +€1,303 | +29.1% |
| Taxes | 450/3 | €4,471 | €5,774 | +€1,303 | +29.1% |
| Other amounts payable | 47/48 | €275 | - | -€275 | |
| Turnover | 70 | €133,058 | €121,852 | -€11,206 | -8.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €115,209 | €114,637 | -€572 | -0.5% |
| Remuneration, social security and pensions | 62 | €375 | €291 | -€84 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,788 | €1,878 | +€90 | +5.0% |
| Other operating charges | 640/8 | €3,187 | €1,745 | -€1,442 | -45.2% |
| Gross operating margin | 9900 | €19,850 | €10,007 | -€9,843 | -49.6% |
| Operating profit (loss) | 9901 | €14,500 | €6,093 | -€8,407 | -58.0% |
| Financial charges | 65/66B | €915 | €606 | -€309 | -33.8% |
| Recurring financial charges | 65 | €915 | €606 | -€309 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €13,585 | €5,487 | -€8,098 | -59.6% |
| Income taxes | 67/77 | €593 | €5,011 | +€4,418 | +745% |
| Profit (loss) for the period | 9904 | €12,992 | €476 | -€12,516 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,992 | €476 | -€12,516 | -96.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.