SEJDO ASSOCIATES: what changed
SEJDO ASSOCIATES
Largest movements
- Receivables within one year +€60,657
up €60,657 (+25.9%), from €233,998 to €294,656
of which Trade receivables: +€73,224
- Tangible fixed assets +€16,537
up €16,537 (+27.8%), from €59,450 to €75,987
of which Leasing and similar rights: +€29,903
- Tax, wage and social debts +€138,109
up €138,109 (+211%), from €65,430 to €203,538
of which Remuneration and social security: +€164,422
- Profit (loss) carried forward -€113,571
down €113,571 (-412%), from -€27,567 to -€141,138
- Short-term financial debts +€34,002
up €34,002 (+128%), from €26,553 to €60,555
- Debts after one year +€11,661
up €11,661 (+24.1%), from €48,454 to €60,115
- Current portion of long-term debt +€6,447
up €6,447 (+35.0%), from €18,393 to €24,840
- Staff costs +€538,156
up €538,156 (+307%), from €175,395 to €713,551
- Gross operating margin +€485,112
up €485,112 (+284%), from €171,017 to €656,129
- Depreciation +€11,187
up €11,187 (+53.8%), from €20,790 to €31,977
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
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €293,723 | €370,643 | +€76,920 | +26.2% |
| Fixed assets | 21/28 | €59,450 | €75,987 | +€16,537 | +27.8% |
| Tangible fixed assets | 22/27 | €59,450 | €75,987 | +€16,537 | +27.8% |
| Plant, machinery and equipment | 23 | €3,675 | €2,694 | -€981 | -26.7% |
| Furniture and vehicles | 24 | €17,493 | €5,109 | -€12,384 | -70.8% |
| Leasing and similar rights | 25 | €38,282 | €68,184 | +€29,903 | +78.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €234,273 | €294,656 | +€60,383 | +25.8% |
| Amounts receivable within one year | 40/41 | €233,998 | €294,656 | +€60,657 | +25.9% |
| Trade receivables | 40 | €147,737 | €220,961 | +€73,224 | +49.6% |
| Other amounts receivable | 41 | €86,262 | €73,695 | -€12,567 | -14.6% |
| Deferred charges and accrued income | 490/1 | €275 | - | -€275 | |
| Total equity and liabilities | 10/49 | €293,723 | €370,643 | +€76,920 | +26.2% |
| Equity | 10/15 | €63,433 | -€50,138 | -€113,571 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €85,000 | €85,000 | = | 0.0% |
| Distributable reserves | 133 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,567 | -€141,138 | -€113,571 | -412% |
| Amounts payable | 17/49 | €230,290 | €420,781 | +€190,491 | +82.7% |
| Amounts payable after more than one year | 17 | €48,454 | €60,115 | +€11,661 | +24.1% |
| Financial debts | 170/4 | €48,454 | €60,115 | +€11,661 | +24.1% |
| Amounts payable within one year | 42/48 | €181,835 | €360,666 | +€178,830 | +98.3% |
| Current portion of amounts payable after more than one year | 42 | €18,393 | €24,840 | +€6,447 | +35.0% |
| Financial debts | 43 | €26,553 | €60,555 | +€34,002 | +128% |
| Credit institutions | 430/8 | €26,553 | €60,555 | +€34,002 | +128% |
| Trade debts | 44 | €71,460 | €71,732 | +€273 | +0.4% |
| Suppliers | 440/4 | €71,460 | €71,732 | +€273 | +0.4% |
| Taxes, remuneration and social security | 45 | €65,430 | €203,538 | +€138,109 | +211% |
| Taxes | 450/3 | €33,913 | €7,600 | -€26,313 | -77.6% |
| Remuneration and social security | 454/9 | €31,516 | €195,938 | +€164,422 | +522% |
| Non-recurring operating income | 76A | - | €811 | +€811 | |
| Remuneration, social security and pensions | 62 | €175,395 | €713,551 | +€538,156 | +307% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,790 | €31,977 | +€11,187 | +53.8% |
| Other operating charges | 640/8 | €5,943 | €8,664 | +€2,721 | +45.8% |
| Gross operating margin | 9900 | €171,017 | €656,129 | +€485,112 | +284% |
| Operating profit (loss) | 9901 | -€31,111 | -€98,063 | -€66,952 | -215% |
| Financial income | 75/76B | €3 | €54 | +€51 | +1,625% |
| Recurring financial income | 75 | €3 | €54 | +€51 | +1,625% |
| Financial charges | 65/66B | €12,855 | €15,013 | +€2,158 | +16.8% |
| Recurring financial charges | 65 | €12,855 | €15,013 | +€2,158 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | -€43,963 | -€113,022 | -€69,059 | -157% |
| Income taxes | 67/77 | €600 | €549 | -€51 | -8.5% |
| Profit (loss) for the period | 9904 | -€44,563 | -€113,571 | -€69,008 | -155% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,563 | -€113,571 | -€69,008 | -155% |
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 8 November 2026 via checked.be.