SEIE MANAGEMENT: 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.
SEIE MANAGEMENT
Largest movements
- Receivables within one year -€13,180
down €13,180 (-14.8%), from €88,922 to €75,742
of which Other amounts receivable: -€12,625
- Cash +€7,820
up €7,820 (+15.0%), from €52,084 to €59,905
mainly Net result for the year (+€113,284) and Receivables within one year (+€13,180)
- Tangible fixed assets -€6,772
down €6,772 (-3.3%), from €202,685 to €195,912
of which Land and buildings: -€6,774
- Profit (loss) carried forward +€33,284
up €33,284 (+14.0%), from €238,307 to €271,591
- Other debts -€28,197
down €28,197 (-62.6%), from €45,068 to €16,871
- Debts after one year -€16,297
down €16,297 (-66.5%), from €24,521 to €8,224
- Current portion of long-term debt -€5,050
down €5,050 (-15.5%), from €32,597 to €27,547
- Gross operating margin +€23,103
up €23,103 (+16.5%), from €139,885 to €162,988
- Taxes +€4,822
up €4,822 (+16.3%), from €29,596 to €34,418
- Financial charges +€2,353
up €2,353 (+140%), from €1,682 to €4,035
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 | €345,378 | €334,203 | -€11,175 | -3.2% |
| Fixed assets | 21/28 | €202,685 | €195,912 | -€6,772 | -3.3% |
| Tangible fixed assets | 22/27 | €202,685 | €195,912 | -€6,772 | -3.3% |
| Land and buildings | 22 | €191,186 | €184,412 | -€6,774 | -3.5% |
| Plant, machinery and equipment | 23 | €10,817 | €11,309 | +€492 | +4.5% |
| Furniture and vehicles | 24 | €682 | €191 | -€491 | -72.0% |
| Current assets | 29/58 | €142,693 | €138,291 | -€4,402 | -3.1% |
| Amounts receivable within one year | 40/41 | €88,922 | €75,742 | -€13,180 | -14.8% |
| Trade receivables | 40 | €600 | €45 | -€555 | -92.5% |
| Other amounts receivable | 41 | €88,322 | €75,697 | -€12,625 | -14.3% |
| Cash at bank and in hand | 54/58 | €52,084 | €59,905 | +€7,820 | +15.0% |
| Deferred charges and accrued income | 490/1 | €1,686 | €2,644 | +€957 | +56.8% |
| Total equity and liabilities | 10/49 | €345,378 | €334,203 | -€11,175 | -3.2% |
| Equity | 10/15 | €240,307 | €273,591 | +€33,284 | +13.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,307 | €271,591 | +€33,284 | +14.0% |
| Amounts payable | 17/49 | €105,071 | €60,612 | -€44,459 | -42.3% |
| Amounts payable after more than one year | 17 | €24,521 | €8,224 | -€16,297 | -66.5% |
| Financial debts | 170/4 | €24,521 | €8,224 | -€16,297 | -66.5% |
| Amounts payable within one year | 42/48 | €80,550 | €49,904 | -€30,645 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €32,597 | €27,547 | -€5,050 | -15.5% |
| Trade debts | 44 | €85 | €2,686 | +€2,601 | +3,057% |
| Suppliers | 440/4 | €85 | €2,686 | +€2,601 | +3,057% |
| Taxes, remuneration and social security | 45 | €2,800 | €2,800 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,800 | €2,800 | = | 0.0% |
| Other amounts payable | 47/48 | €45,068 | €16,871 | -€28,197 | -62.6% |
| Accrued charges and deferred income | 492/3 | - | €2,484 | +€2,484 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,517 | €9,567 | +€49 | +0.5% |
| Other operating charges | 640/8 | €482 | €2,071 | +€1,589 | +330% |
| Gross operating margin | 9900 | €139,885 | €162,988 | +€23,103 | +16.5% |
| Operating profit (loss) | 9901 | €129,885 | €151,351 | +€21,465 | +16.5% |
| Financial income | 75/76B | €724 | €386 | -€338 | -46.7% |
| Recurring financial income | 75 | €724 | €386 | -€338 | -46.7% |
| Financial charges | 65/66B | €1,682 | €4,035 | +€2,353 | +140% |
| Recurring financial charges | 65 | €1,682 | €4,035 | +€2,353 | +140% |
| Profit (loss) for the period before taxes | 9903 | €128,928 | €147,702 | +€18,774 | +14.6% |
| Income taxes | 67/77 | €29,596 | €34,418 | +€4,822 | +16.3% |
| Profit (loss) for the period | 9904 | €99,332 | €113,284 | +€13,952 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €99,332 | €113,284 | +€13,952 | +14.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.