SEIDO Solutions: 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.
SEIDO Solutions
Largest movements
- Tangible fixed assets -€438,236
down €438,236 (-42.9%), from €1.0m to €583,259
of which Plant, machinery and equipment: -€423,666
- Cash +€23,914
up €23,914 (+101%), from €23,670 to €47,584
- Receivables within one year +€15,333
up €15,333 (+14.9%), from €102,712 to €118,046
of which Trade receivables: +€15,291
- Other debts -€339,548
down €339,548 (-53.0%), from €640,828 to €301,281
- Reserves -€95,262
down €95,262 (-21.4%), from €444,416 to €349,153
of which Distributable reserves: -€95,262
- Trade debts +€62,698
up €62,698 (+962%), from €6,516 to €69,214
- Accrued charges and deferred income -€22,915
down €22,915 (-70.9%), from €32,310 to €9,395
- Gross operating margin +€261,688
up €261,688 (+40.9%), from €639,695 to €901,384
- Depreciation +€157,286
up €157,286 (+56.2%), from €280,037 to €437,323
- Staff costs +€73,763
up €73,763 (+41.7%), from €176,912 to €250,675
- Taxes +€12,668
up €12,668 (+34.1%), from €37,112 to €49,780
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,191,079 | €789,972 | -€401,107 | -33.7% |
| Fixed assets | 21/28 | €1,021,494 | €583,259 | -€438,236 | -42.9% |
| Tangible fixed assets | 22/27 | €1,021,494 | €583,259 | -€438,236 | -42.9% |
| Plant, machinery and equipment | 23 | €980,031 | €556,365 | -€423,666 | -43.2% |
| Furniture and vehicles | 24 | €41,464 | €26,894 | -€14,570 | -35.1% |
| Current assets | 29/58 | €169,585 | €206,713 | +€37,128 | +21.9% |
| Stocks and contracts in progress | 3 | €41,674 | €39,263 | -€2,411 | -5.8% |
| Stocks | 30/36 | €41,674 | €39,263 | -€2,411 | -5.8% |
| Amounts receivable within one year | 40/41 | €102,712 | €118,046 | +€15,333 | +14.9% |
| Trade receivables | 40 | €84,712 | €100,004 | +€15,291 | +18.1% |
| Other amounts receivable | 41 | €18,000 | €18,042 | +€42 | +0.2% |
| Cash at bank and in hand | 54/58 | €23,670 | €47,584 | +€23,914 | +101% |
| Deferred charges and accrued income | 490/1 | €1,528 | €1,820 | +€292 | +19.1% |
| Total equity and liabilities | 10/49 | €1,191,079 | €789,972 | -€401,107 | -33.7% |
| Equity | 10/15 | €463,016 | €367,753 | -€95,262 | -20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €444,416 | €349,153 | -€95,262 | -21.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €444,416 | €349,153 | -€95,262 | -21.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €728,064 | €422,219 | -€305,845 | -42.0% |
| Amounts payable within one year | 42/48 | €695,754 | €412,824 | -€282,930 | -40.7% |
| Trade debts | 44 | €6,516 | €69,214 | +€62,698 | +962% |
| Suppliers | 440/4 | €6,516 | €69,214 | +€62,698 | +962% |
| Taxes, remuneration and social security | 45 | €48,410 | €42,330 | -€6,080 | -12.6% |
| Taxes | 450/3 | €1,750 | €5,282 | +€3,532 | +202% |
| Remuneration and social security | 454/9 | €46,660 | €37,048 | -€9,612 | -20.6% |
| Other amounts payable | 47/48 | €640,828 | €301,281 | -€339,548 | -53.0% |
| Accrued charges and deferred income | 492/3 | €32,310 | €9,395 | -€22,915 | -70.9% |
| Non-recurring operating income | 76A | €3,885 | €0 | -€3,885 | -100% |
| Remuneration, social security and pensions | 62 | €176,912 | €250,675 | +€73,763 | +41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280,037 | €437,323 | +€157,286 | +56.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €290 | +€290 | |
| Other operating charges | 640/8 | €436 | €2,243 | +€1,807 | +414% |
| Gross operating margin | 9900 | €639,695 | €901,384 | +€261,688 | +40.9% |
| Operating profit (loss) | 9901 | €182,310 | €210,853 | +€28,543 | +15.7% |
| Financial income | 75/76B | €183 | €164 | -€19 | -10.2% |
| Recurring financial income | 75 | €183 | €164 | -€19 | -10.2% |
| Financial charges | 65/66B | €21,153 | €16,500 | -€4,653 | -22.0% |
| Recurring financial charges | 65 | €21,153 | €16,500 | -€4,653 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €161,340 | €194,517 | +€33,177 | +20.6% |
| Income taxes | 67/77 | €37,112 | €49,780 | +€12,668 | +34.1% |
| Profit (loss) for the period | 9904 | €124,229 | €144,738 | +€20,509 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €124,229 | €144,738 | +€20,509 | +16.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.