SEISUI: 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.
SEISUI
Largest movements
- Current investments -€190,588
down €190,588 (-84.1%), from €226,512 to €35,924
- Cash +€38,761
up €38,761 (+172%), from €22,581 to €61,342
mainly Current investments (+€190,588) and Net result for the year (+€93,885)
- Receivables within one year -€30,266
down €30,266 (-68.4%), from €44,256 to €13,990
of which Trade receivables: -€41,931
- Reserves -€204,255
down €204,255 (-69.7%), from €293,031 to €88,776
of which Distributable reserves: -€204,255
- Tax, wage and social debts +€42,588
up €42,588 (+321%), from €13,271 to €55,860
of which Taxes: +€42,933
- Debts after one year -€15,439
down €15,439 (-6.0%), from €259,360 to €243,922
- Financial income +€43,803
up €43,803 (+270%), from €16,195 to €59,998
- Gross operating margin +€40,879
up €40,879 (+90.2%), from €45,311 to €86,191
- Taxes +€14,150
up €14,150 (+118%), from €12,004 to €26,154
- Financial charges +€4,760
up €4,760 (+41.8%), from €11,389 to €16,149
- Other operating charges -€1,792
down €1,792 (-58.0%), from €3,091 to €1,299
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 | €613,623 | €429,117 | -€184,505 | -30.1% |
| Fixed assets | 21/28 | €314,340 | €311,079 | -€3,261 | -1.0% |
| Tangible fixed assets | 22/27 | €313,957 | €311,079 | -€2,878 | -0.9% |
| Land and buildings | 22 | €313,957 | €305,843 | -€8,114 | -2.6% |
| Plant, machinery and equipment | 23 | - | €5,235 | +€5,235 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €383 | €0 | -€383 | -100% |
| Current assets | 29/58 | €299,283 | €118,039 | -€181,244 | -60.6% |
| Amounts receivable within one year | 40/41 | €44,256 | €13,990 | -€30,266 | -68.4% |
| Trade receivables | 40 | €41,931 | €0 | -€41,931 | -100% |
| Other amounts receivable | 41 | €2,325 | €13,990 | +€11,665 | +502% |
| Current investments | 50/53 | €226,512 | €35,924 | -€190,588 | -84.1% |
| Cash at bank and in hand | 54/58 | €22,581 | €61,342 | +€38,761 | +172% |
| Deferred charges and accrued income | 490/1 | €5,934 | €6,783 | +€849 | +14.3% |
| Total equity and liabilities | 10/49 | €613,623 | €429,117 | -€184,505 | -30.1% |
| Equity | 10/15 | €313,491 | €107,376 | -€206,115 | -65.7% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €293,031 | €88,776 | -€204,255 | -69.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €293,031 | €88,776 | -€204,255 | -69.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €300,132 | €321,742 | +€21,610 | +7.2% |
| Amounts payable after more than one year | 17 | €259,360 | €243,922 | -€15,439 | -6.0% |
| Financial debts | 170/4 | €259,360 | €243,922 | -€15,439 | -6.0% |
| Amounts payable within one year | 42/48 | €40,771 | €77,820 | +€37,049 | +90.9% |
| Current portion of amounts payable after more than one year | 42 | €14,876 | €15,439 | +€563 | +3.8% |
| Financial debts | 43 | €8,467 | €3,939 | -€4,528 | -53.5% |
| Credit institutions | 430/8 | €1,705 | €574 | -€1,131 | -66.3% |
| Other loans | 439 | €6,762 | €3,365 | -€3,397 | -50.2% |
| Trade debts | 44 | €627 | €2,582 | +€1,955 | +312% |
| Suppliers | 440/4 | €627 | €2,582 | +€1,955 | +312% |
| Taxes, remuneration and social security | 45 | €13,271 | €55,860 | +€42,588 | +321% |
| Taxes | 450/3 | €9,878 | €52,811 | +€42,933 | +435% |
| Remuneration and social security | 454/9 | €3,393 | €3,048 | -€345 | -10.2% |
| Other amounts payable | 47/48 | €3,530 | €0 | -€3,530 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,920 | €8,701 | +€1,781 | +25.7% |
| Other operating charges | 640/8 | €3,091 | €1,299 | -€1,792 | -58.0% |
| Gross operating margin | 9900 | €45,311 | €86,191 | +€40,879 | +90.2% |
| Operating profit (loss) | 9901 | €35,300 | €76,190 | +€40,890 | +116% |
| Financial income | 75/76B | €16,195 | €59,998 | +€43,803 | +270% |
| Recurring financial income | 75 | €16,195 | €59,998 | +€43,803 | +270% |
| Financial charges | 65/66B | €11,389 | €16,149 | +€4,760 | +41.8% |
| Recurring financial charges | 65 | €11,389 | €16,149 | +€4,760 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €40,106 | €120,039 | +€79,933 | +199% |
| Income taxes | 67/77 | €12,004 | €26,154 | +€14,150 | +118% |
| Profit (loss) for the period | 9904 | €28,103 | €93,885 | +€65,782 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €28,103 | €93,885 | +€65,782 | +234% |
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 16 October 2026 via checked.be.