SEKA: 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.
SEKA
Largest movements
- Tangible fixed assets +€38,676
up €38,676 (+72.7%), from €53,185 to €91,860
of which Other tangible fixed assets: +€32,579
- Receivables within one year +€37,776
up €37,776 (+142%), from €26,626 to €64,402
of which Other amounts receivable: +€21,264
- Current portion of long-term debt +€57,696
up €57,696 (+901%), from €6,406 to €64,102
- Profit (loss) carried forward +€52,089
up €52,089 (+46.1%), from -€112,928 to -€60,839
- Debts after one year -€30,243
down €30,243 (-53.6%), from €56,471 to €26,228
- Trade debts +€24,008
up €24,008 (+30.4%), from €78,982 to €102,991
- Tax, wage and social debts -€21,694
down €21,694 (-34.3%), from €63,256 to €41,562
of which Remuneration and social security: -€15,051
- Gross operating margin +€49,278
up €49,278 (+12.5%), from €395,561 to €444,838
- Other operating charges +€14,742
up €14,742 (+672%), from €2,195 to €16,937
- Staff costs -€10,243
down €10,243 (-2.8%), from €364,239 to €353,996
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 | €192,073 | €268,368 | +€76,295 | +39.7% |
| Fixed assets | 21/28 | €53,185 | €91,860 | +€38,676 | +72.7% |
| Tangible fixed assets | 22/27 | €53,185 | €91,860 | +€38,676 | +72.7% |
| Plant, machinery and equipment | 23 | €15,691 | €24,923 | +€9,233 | +58.8% |
| Furniture and vehicles | 24 | €16,968 | €13,833 | -€3,136 | -18.5% |
| Other tangible fixed assets | 26 | €20,526 | €53,104 | +€32,579 | +159% |
| Current assets | 29/58 | €138,888 | €176,507 | +€37,619 | +27.1% |
| Stocks and contracts in progress | 3 | €40,928 | €42,289 | +€1,361 | +3.3% |
| Stocks | 30/36 | €40,928 | €42,289 | +€1,361 | +3.3% |
| Amounts receivable within one year | 40/41 | €26,626 | €64,402 | +€37,776 | +142% |
| Trade receivables | 40 | €20,695 | €37,207 | +€16,512 | +79.8% |
| Other amounts receivable | 41 | €5,931 | €27,194 | +€21,264 | +359% |
| Cash at bank and in hand | 54/58 | €67,143 | €67,562 | +€419 | +0.6% |
| Deferred charges and accrued income | 490/1 | €4,191 | €2,254 | -€1,937 | -46.2% |
| Total equity and liabilities | 10/49 | €192,073 | €268,368 | +€76,295 | +39.7% |
| Equity | 10/15 | -€57,928 | -€5,839 | +€52,089 | +89.9% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,928 | -€60,839 | +€52,089 | +46.1% |
| Amounts payable | 17/49 | €250,001 | €274,207 | +€24,206 | +9.7% |
| Amounts payable after more than one year | 17 | €56,471 | €26,228 | -€30,243 | -53.6% |
| Financial debts | 170/4 | €56,471 | €26,228 | -€30,243 | -53.6% |
| Amounts payable within one year | 42/48 | €184,225 | €236,265 | +€52,040 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €6,406 | €64,102 | +€57,696 | +901% |
| Trade debts | 44 | €78,982 | €102,991 | +€24,008 | +30.4% |
| Suppliers | 440/4 | €78,982 | €102,991 | +€24,008 | +30.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €63,256 | €41,562 | -€21,694 | -34.3% |
| Taxes | 450/3 | €14,280 | €7,637 | -€6,643 | -46.5% |
| Remuneration and social security | 454/9 | €48,976 | €33,925 | -€15,051 | -30.7% |
| Other amounts payable | 47/48 | €35,580 | €27,610 | -€7,970 | -22.4% |
| Accrued charges and deferred income | 492/3 | €9,305 | €11,713 | +€2,408 | +25.9% |
| Remuneration, social security and pensions | 62 | €364,239 | €353,996 | -€10,243 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,149 | €19,983 | +€3,835 | +23.7% |
| Other operating charges | 640/8 | €2,195 | €16,937 | +€14,742 | +672% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €395,561 | €444,838 | +€49,278 | +12.5% |
| Operating profit (loss) | 9901 | €12,978 | €53,922 | +€40,944 | +315% |
| Financial income | 75/76B | €31 | €1,444 | +€1,413 | +4,551% |
| Recurring financial income | 75 | €31 | €1,444 | +€1,413 | +4,551% |
| Financial charges | 65/66B | €2,283 | €3,277 | +€995 | +43.6% |
| Recurring financial charges | 65 | €2,283 | €3,277 | +€995 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €10,727 | €52,089 | +€41,363 | +386% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €10,727 | €52,089 | +€41,363 | +386% |
| Profit (loss) for the period to be appropriated | 9905 | €10,727 | €52,089 | +€41,363 | +386% |
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 22 October 2026 via checked.be.