SEISMO: 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.
SEISMO
Largest movements
- Cash +€86,862
up €86,862 (+27.9%), from €311,043 to €397,906
mainly Net result for the year (+€103,391) and Other debts (+€83,059)
- Receivables within one year +€42,947
up €42,947 (+159%), from €26,958 to €69,905
of which Trade receivables: +€50,976
- Tangible fixed assets -€15,526
down €15,526 (-8.2%), from €188,750 to €173,224
of which Land and buildings: -€7,950
- Other debts +€83,059
up €83,059 (+4,694%), from €1,769 to €84,828
- Reserves +€22,000
up €22,000 (+4.8%), from €458,360 to €480,360
of which Distributable reserves: +€22,000
- Tax, wage and social debts +€9,626
up €9,626 (+157%), from €6,126 to €15,752
of which Taxes: +€8,026
- Gross operating margin +€25,408
up €25,408 (+18.4%), from €138,340 to €163,747
- Taxes +€10,305
up €10,305 (+32.2%), from €31,972 to €42,277
- Financial charges -€5,615
down €5,615 (-94.0%), from €5,975 to €360
of which Non-recurring financial charges: -€5,741
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 | €528,181 | €643,286 | +€115,105 | +21.8% |
| Fixed assets | 21/28 | €188,750 | €173,224 | -€15,526 | -8.2% |
| Tangible fixed assets | 22/27 | €188,750 | €173,224 | -€15,526 | -8.2% |
| Land and buildings | 22 | €167,451 | €159,501 | -€7,950 | -4.7% |
| Plant, machinery and equipment | 23 | €11,175 | €8,329 | -€2,847 | -25.5% |
| Furniture and vehicles | 24 | €10,123 | €5,394 | -€4,729 | -46.7% |
| Current assets | 29/58 | €339,432 | €470,063 | +€130,631 | +38.5% |
| Amounts receivable within one year | 40/41 | €26,958 | €69,905 | +€42,947 | +159% |
| Trade receivables | 40 | €18,929 | €69,905 | +€50,976 | +269% |
| Other amounts receivable | 41 | €8,028 | €0 | -€8,028 | -100% |
| Cash at bank and in hand | 54/58 | €311,043 | €397,906 | +€86,862 | +27.9% |
| Deferred charges and accrued income | 490/1 | €1,431 | €2,252 | +€821 | +57.4% |
| Total equity and liabilities | 10/49 | €528,181 | €643,286 | +€115,105 | +21.8% |
| Equity | 10/15 | €512,554 | €534,945 | +€22,391 | +4.4% |
| Contributions | 10/11 | €52,400 | €52,400 | = | 0.0% |
| Reserves | 13 | €458,360 | €480,360 | +€22,000 | +4.8% |
| Non-distributable reserves | 130/1 | €5,860 | €5,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,860 | €5,860 | = | 0.0% |
| Distributable reserves | 133 | €452,500 | €474,500 | +€22,000 | +4.9% |
| Profit (loss) carried forward | 14 | €1,794 | €2,185 | +€391 | +21.8% |
| Amounts payable | 17/49 | €15,627 | €108,342 | +€92,714 | +593% |
| Amounts payable within one year | 42/48 | €15,627 | €103,181 | +€87,554 | +560% |
| Trade debts | 44 | €7,732 | €2,601 | -€5,131 | -66.4% |
| Suppliers | 440/4 | €7,732 | €2,601 | -€5,131 | -66.4% |
| Taxes, remuneration and social security | 45 | €6,126 | €15,752 | +€9,626 | +157% |
| Taxes | 450/3 | €6,126 | €14,152 | +€8,026 | +131% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €1,769 | €84,828 | +€83,059 | +4,694% |
| Accrued charges and deferred income | 492/3 | - | €5,161 | +€5,161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,281 | €15,526 | -€755 | -4.6% |
| Other operating charges | 640/8 | €2,860 | €2,283 | -€577 | -20.2% |
| Gross operating margin | 9900 | €138,340 | €163,747 | +€25,408 | +18.4% |
| Operating profit (loss) | 9901 | €119,199 | €145,938 | +€26,740 | +22.4% |
| Financial income | 75/76B | €1 | €89 | +€89 | +17,720% |
| Recurring financial income | 75 | €1 | €89 | +€89 | +17,720% |
| Financial charges | 65/66B | €5,975 | €360 | -€5,615 | -94.0% |
| Recurring financial charges | 65 | €234 | €360 | +€126 | +53.8% |
| Non-recurring financial charges | 66B | €5,741 | €0 | -€5,741 | -100% |
| Profit (loss) for the period before taxes | 9903 | €113,225 | €145,668 | +€32,443 | +28.7% |
| Income taxes | 67/77 | €31,972 | €42,277 | +€10,305 | +32.2% |
| Profit (loss) for the period | 9904 | €81,253 | €103,391 | +€22,138 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,253 | €103,391 | +€22,138 | +27.2% |
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.