SEJU MANAGEMENT: 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.
SEJU MANAGEMENT
Largest movements
- Tangible fixed assets -€1,353
down €1,353 (-37.7%), from €3,593 to €2,239
of which Furniture and vehicles: -€933
- Receivables within one year -€609
down €609 (-2.0%), from €30,080 to €29,471
of which Other amounts receivable: -€4,324
- Trade debts +€4,993
up €4,993 (+117%), from €4,252 to €9,245
- Tax, wage and social debts -€4,948
down €4,948 (-29.1%), from €17,008 to €12,061
of which Taxes: -€6,831
- Profit (loss) carried forward -€1,698
down €1,698 (-22.3%), from €7,626 to €5,929
- Short-term financial debts -€1,088
no longer reported in 2025 (was €1,088)
- Other debts +€895
new in 2025: €895
- Gross operating margin -€4,981
down €4,981 (-45.3%), from €10,992 to €6,011
- Taxes -€2,215
down €2,215 (-88.3%), from €2,509 to €293
- Staff costs -€967
down €967 (-38.9%), from €2,488 to €1,520
- Financial charges -€766
down €766 (-15.5%), from €4,951 to €4,184
- Financial income -€349
down €349 (-67.4%), from €517 to €168
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 | €34,975 | €33,130 | -€1,845 | -5.3% |
| Fixed assets | 21/28 | €3,593 | €2,239 | -€1,353 | -37.7% |
| Tangible fixed assets | 22/27 | €3,593 | €2,239 | -€1,353 | -37.7% |
| Plant, machinery and equipment | 23 | €1,911 | €1,490 | -€420 | -22.0% |
| Furniture and vehicles | 24 | €1,682 | €749 | -€933 | -55.5% |
| Current assets | 29/58 | €31,382 | €30,890 | -€492 | -1.6% |
| Amounts receivable within one year | 40/41 | €30,080 | €29,471 | -€609 | -2.0% |
| Trade receivables | 40 | €13,263 | €16,978 | +€3,715 | +28.0% |
| Other amounts receivable | 41 | €16,818 | €12,494 | -€4,324 | -25.7% |
| Cash at bank and in hand | 54/58 | €257 | €418 | +€161 | +62.8% |
| Deferred charges and accrued income | 490/1 | €1,045 | €1,001 | -€44 | -4.2% |
| Total equity and liabilities | 10/49 | €34,975 | €33,130 | -€1,845 | -5.3% |
| Equity | 10/15 | €12,626 | €10,929 | -€1,698 | -13.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,626 | €5,929 | -€1,698 | -22.3% |
| Amounts payable | 17/49 | €22,348 | €22,201 | -€147 | -0.7% |
| Amounts payable within one year | 42/48 | €22,348 | €22,201 | -€147 | -0.7% |
| Financial debts | 43 | €1,088 | - | -€1,088 | |
| Credit institutions | 430/8 | €1,088 | - | -€1,088 | |
| Trade debts | 44 | €4,252 | €9,245 | +€4,993 | +117% |
| Suppliers | 440/4 | €4,252 | €9,245 | +€4,993 | +117% |
| Taxes, remuneration and social security | 45 | €17,008 | €12,061 | -€4,948 | -29.1% |
| Taxes | 450/3 | €14,258 | €7,427 | -€6,831 | -47.9% |
| Remuneration and social security | 454/9 | €2,750 | €4,634 | +€1,884 | +68.5% |
| Other amounts payable | 47/48 | - | €895 | +€895 | |
| Remuneration, social security and pensions | 62 | €2,488 | €1,520 | -€967 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,155 | €1,353 | +€198 | +17.2% |
| Other operating charges | 640/8 | €492 | €526 | +€33 | +6.8% |
| Gross operating margin | 9900 | €10,992 | €6,011 | -€4,981 | -45.3% |
| Operating profit (loss) | 9901 | €6,857 | €2,611 | -€4,245 | -61.9% |
| Financial income | 75/76B | €517 | €168 | -€349 | -67.4% |
| Recurring financial income | 75 | €517 | €168 | -€349 | -67.4% |
| Financial charges | 65/66B | €4,951 | €4,184 | -€766 | -15.5% |
| Recurring financial charges | 65 | €4,951 | €4,184 | -€766 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €2,423 | -€1,404 | -€3,827 | |
| Income taxes | 67/77 | €2,509 | €293 | -€2,215 | -88.3% |
| Profit (loss) for the period | 9904 | -€86 | -€1,698 | -€1,612 | -1,881% |
| Profit (loss) for the period to be appropriated | 9905 | -€86 | -€1,698 | -€1,612 | -1,881% |
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 26 October 2026 via checked.be.