SEIDAWI TRADING: what changed
SEIDAWI TRADING
Largest movements
- Receivables within one year -€101,061
down €101,061 (-78.2%), from €129,294 to €28,233
of which Trade receivables: -€100,394
- Cash -€9,425
down €9,425 (-80.1%), from €11,770 to €2,345
mainly Advances received (-€89,044) and Trade debts (-€15,732)
- Stocks and contracts +€9,347
up €9,347 (+5.2%), from €179,500 to €188,847
- Advances received -€89,044
down €89,044 (-39.8%), from €223,640 to €134,596
- Trade debts -€15,732
down €15,732 (-73.8%), from €21,321 to €5,590
- Profit (loss) carried forward +€6,025
up €6,025 (+38.3%), from €15,722 to €21,747
- Other debts -€4,273
down €4,273 (-43.1%), from €9,922 to €5,649
- Staff costs +€16,179
up €16,179 (+27.3%), from €59,302 to €75,481
- Other operating charges -€11,370
down €11,370 (-87.2%), from €13,037 to €1,668
- Gross operating margin +€6,261
up €6,261 (+7.7%), from €80,950 to €87,211
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €331,130 | €230,326 | -€100,804 | -30.4% |
| Fixed assets | 21/28 | €10,567 | €8,996 | -€1,571 | -14.9% |
| Tangible fixed assets | 22/27 | €3,667 | €2,096 | -€1,571 | -42.8% |
| Plant, machinery and equipment | 23 | €2,150 | €1,142 | -€1,008 | -46.9% |
| Furniture and vehicles | 24 | €1,517 | €955 | -€563 | -37.1% |
| Financial fixed assets | 28 | €6,900 | €6,900 | = | 0.0% |
| Current assets | 29/58 | €320,563 | €221,330 | -€99,234 | -31.0% |
| Stocks and contracts in progress | 3 | €179,500 | €188,847 | +€9,347 | +5.2% |
| Stocks | 30/36 | €179,500 | €188,847 | +€9,347 | +5.2% |
| Amounts receivable within one year | 40/41 | €129,294 | €28,233 | -€101,061 | -78.2% |
| Trade receivables | 40 | €117,927 | €17,532 | -€100,394 | -85.1% |
| Other amounts receivable | 41 | €11,367 | €10,701 | -€666 | -5.9% |
| Cash at bank and in hand | 54/58 | €11,770 | €2,345 | -€9,425 | -80.1% |
| Deferred charges and accrued income | 490/1 | - | €1,905 | +€1,905 | |
| Total equity and liabilities | 10/49 | €331,130 | €230,326 | -€100,804 | -30.4% |
| Equity | 10/15 | €17,222 | €23,247 | +€6,025 | +35.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,722 | €21,747 | +€6,025 | +38.3% |
| Amounts payable | 17/49 | €313,909 | €207,079 | -€106,830 | -34.0% |
| Amounts payable within one year | 42/48 | €313,909 | €207,079 | -€106,830 | -34.0% |
| Trade debts | 44 | €21,321 | €5,590 | -€15,732 | -73.8% |
| Suppliers | 440/4 | €21,321 | €5,590 | -€15,732 | -73.8% |
| Advances received on contracts in progress | 46 | €223,640 | €134,596 | -€89,044 | -39.8% |
| Taxes, remuneration and social security | 45 | €59,026 | €61,244 | +€2,219 | +3.8% |
| Taxes | 450/3 | €10,881 | €3,986 | -€6,895 | -63.4% |
| Remuneration and social security | 454/9 | €48,145 | €57,258 | +€9,113 | +18.9% |
| Other amounts payable | 47/48 | €9,922 | €5,649 | -€4,273 | -43.1% |
| Remuneration, social security and pensions | 62 | €59,302 | €75,481 | +€16,179 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,045 | €1,571 | +€526 | +50.3% |
| Other operating charges | 640/8 | €13,037 | €1,668 | -€11,370 | -87.2% |
| Gross operating margin | 9900 | €80,950 | €87,211 | +€6,261 | +7.7% |
| Operating profit (loss) | 9901 | €7,566 | €8,492 | +€926 | +12.2% |
| Financial charges | 65/66B | €1,122 | €688 | -€434 | -38.7% |
| Recurring financial charges | 65 | €1,122 | €688 | -€434 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €6,444 | €7,804 | +€1,360 | +21.1% |
| Income taxes | 67/77 | €1,730 | €1,779 | +€49 | +2.8% |
| Profit (loss) for the period | 9904 | €4,714 | €6,025 | +€1,311 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,714 | €6,025 | +€1,311 | +27.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.