SEINE PRODUCTION: what changed
SEINE PRODUCTION
Largest movements
- Cash -€91,169
down €91,169 (-89.0%), from €102,409 to €11,239
mainly Tax, wage and social debts (-€52,149) and Net result for the year (-€36,554)
- Receivables within one year -€24,922
down €24,922 (-59.5%), from €41,892 to €16,970
of which Trade receivables: -€29,006
- Stocks and contracts -€7,298
down €7,298 (-100%), from €7,298 to €0
- Tangible fixed assets -€3,226
down €3,226 (-95.8%), from €3,368 to €142
- Tax, wage and social debts -€52,149
no longer reported in 2025 (was €52,149)
of which Taxes: -€30,991
- Profit (loss) carried forward -€36,554
down €36,554 (-206%), from -€17,714 to -€54,267
- Trade debts -€30,085
down €30,085 (-66.4%), from €45,304 to €15,220
- Other debts -€8,673
down €8,673 (-46.6%), from €18,622 to €9,949
- Gross operating margin -€164,820
down €164,820, from €141,237 to -€23,583
- Staff costs -€113,859
down €113,859 (-93.3%), from €121,986 to €8,127
- Financial income -€11,669
down €11,669 (-86.5%), from €13,490 to €1,821
- Financial charges -€3,407
down €3,407 (-52.9%), from €6,445 to €3,038
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 | €156,862 | €29,402 | -€127,460 | -81.3% |
| Fixed assets | 21/28 | €4,418 | €1,192 | -€3,226 | -73.0% |
| Tangible fixed assets | 22/27 | €3,368 | €142 | -€3,226 | -95.8% |
| Furniture and vehicles | 24 | €3,368 | €142 | -€3,226 | -95.8% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €152,444 | €28,210 | -€124,234 | -81.5% |
| Stocks and contracts in progress | 3 | €7,298 | €0 | -€7,298 | -100% |
| Stocks | 30/36 | €7,298 | €0 | -€7,298 | -100% |
| Amounts receivable within one year | 40/41 | €41,892 | €16,970 | -€24,922 | -59.5% |
| Trade receivables | 40 | €41,241 | €12,236 | -€29,006 | -70.3% |
| Other amounts receivable | 41 | €651 | €4,735 | +€4,084 | +628% |
| Cash at bank and in hand | 54/58 | €102,409 | €11,239 | -€91,169 | -89.0% |
| Deferred charges and accrued income | 490/1 | €845 | - | -€845 | |
| Total equity and liabilities | 10/49 | €156,862 | €29,402 | -€127,460 | -81.3% |
| Equity | 10/15 | €40,786 | €4,233 | -€36,554 | -89.6% |
| Contributions | 10/11 | €58,500 | €58,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,714 | -€54,267 | -€36,554 | -206% |
| Amounts payable | 17/49 | €116,076 | €25,169 | -€90,906 | -78.3% |
| Amounts payable within one year | 42/48 | €116,076 | €25,169 | -€90,906 | -78.3% |
| Trade debts | 44 | €45,304 | €15,220 | -€30,085 | -66.4% |
| Suppliers | 440/4 | €45,304 | €15,220 | -€30,085 | -66.4% |
| Taxes, remuneration and social security | 45 | €52,149 | - | -€52,149 | |
| Taxes | 450/3 | €30,991 | - | -€30,991 | |
| Remuneration and social security | 454/9 | €21,158 | - | -€21,158 | |
| Other amounts payable | 47/48 | €18,622 | €9,949 | -€8,673 | -46.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,626 | - | -€1,626 | |
| Remuneration, social security and pensions | 62 | €121,986 | €8,127 | -€113,859 | -93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,157 | €3,226 | -€930 | -22.4% |
| Other operating charges | 640/8 | €407 | €400 | -€8 | -1.9% |
| Non-recurring operating charges | 66A | €367 | - | -€367 | |
| Gross operating margin | 9900 | €141,237 | -€23,583 | -€164,820 | |
| Operating profit (loss) | 9901 | €14,320 | -€35,337 | -€49,656 | |
| Financial income | 75/76B | €13,490 | €1,821 | -€11,669 | -86.5% |
| Recurring financial income | 75 | €13,490 | €1,821 | -€11,669 | -86.5% |
| Financial charges | 65/66B | €6,445 | €3,038 | -€3,407 | -52.9% |
| Recurring financial charges | 65 | €6,445 | €3,038 | -€3,407 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €21,365 | -€36,554 | -€57,919 | |
| Profit (loss) for the period | 9904 | €21,365 | -€36,554 | -€57,919 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,365 | -€36,554 | -€57,919 |
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 1 November 2026 via checked.be.