SEIZA TRAINING: 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.
SEIZA TRAINING
Largest movements
- Receivables within one year -€35,984
down €35,984 (-49.6%), from €72,520 to €36,536
of which Trade receivables: -€34,624
- Cash +€7,851
up €7,851 (+34.1%), from €22,999 to €30,850
mainly Receivables within one year (+€35,984) and Depreciation (+€1,527)
- Profit (loss) carried forward -€72,578
no longer reported in 2025 (was €72,578)
- Reserves +€44,590
new in 2025: €44,590
- Tax, wage and social debts -€1,224
no longer reported in 2025 (was €1,224)
- Gross operating margin -€9,342
down €9,342 (-182%), from -€5,131 to -€14,473
- Other operating charges -€2,145
down €2,145 (-94.7%), from €2,265 to €120
- Depreciation +€475
up €475 (+45.1%), from €1,053 to €1,527
- Financial income +€310
up €310 (+16,076%), from €2 to €312
- Financial charges -€243
down €243 (-49.7%), from €489 to €246
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 | €103,040 | €74,547 | -€28,493 | -27.7% |
| Fixed assets | 21/28 | €7,428 | €7,034 | -€394 | -5.3% |
| Intangible fixed assets | 21 | €3,643 | €3,210 | -€433 | -11.9% |
| Tangible fixed assets | 22/27 | €3,785 | €3,825 | +€39 | +1.0% |
| Plant, machinery and equipment | 23 | €3,718 | €3,825 | +€106 | +2.9% |
| Furniture and vehicles | 24 | €67 | €0 | -€67 | -100% |
| Current assets | 29/58 | €95,613 | €67,513 | -€28,100 | -29.4% |
| Amounts receivable within one year | 40/41 | €72,520 | €36,536 | -€35,984 | -49.6% |
| Trade receivables | 40 | €61,046 | €26,422 | -€34,624 | -56.7% |
| Other amounts receivable | 41 | €11,474 | €10,114 | -€1,361 | -11.9% |
| Cash at bank and in hand | 54/58 | €22,999 | €30,850 | +€7,851 | +34.1% |
| Deferred charges and accrued income | 490/1 | €93 | €127 | +€34 | +36.4% |
| Total equity and liabilities | 10/49 | €103,040 | €74,547 | -€28,493 | -27.7% |
| Equity | 10/15 | €75,578 | €47,590 | -€27,987 | -37.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €44,590 | +€44,590 | |
| Distributable reserves | 133 | - | €44,590 | +€44,590 | |
| Profit (loss) carried forward | 14 | €72,578 | - | -€72,578 | |
| Amounts payable | 17/49 | €27,463 | €26,957 | -€506 | -1.8% |
| Amounts payable within one year | 42/48 | €27,463 | €26,957 | -€506 | -1.8% |
| Trade debts | 44 | €26,239 | €26,957 | +€718 | +2.7% |
| Suppliers | 440/4 | €26,239 | €26,957 | +€718 | +2.7% |
| Taxes, remuneration and social security | 45 | €1,224 | - | -€1,224 | |
| Taxes | 450/3 | €1,224 | - | -€1,224 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,053 | €1,527 | +€475 | +45.1% |
| Other operating charges | 640/8 | €2,265 | €120 | -€2,145 | -94.7% |
| Gross operating margin | 9900 | -€5,131 | -€14,473 | -€9,342 | -182% |
| Operating profit (loss) | 9901 | -€8,449 | -€16,120 | -€7,671 | -90.8% |
| Financial income | 75/76B | €2 | €312 | +€310 | +16,076% |
| Recurring financial income | 75 | €2 | €312 | +€310 | +16,076% |
| Financial charges | 65/66B | €489 | €246 | -€243 | -49.7% |
| Recurring financial charges | 65 | €489 | €246 | -€243 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,937 | -€16,054 | -€7,118 | -79.6% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€8,937 | -€16,054 | -€7,118 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,937 | -€16,054 | -€7,118 | -79.6% |
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 18 October 2026 via checked.be.