SEKER.M: 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.
SEKER.M
Largest movements
- Receivables within one year +€34,878
up €34,878 (+49.8%), from €70,067 to €104,945
- Cash -€25,115
down €25,115 (-51.9%), from €48,433 to €23,318
mainly Receivables within one year (-€34,878) and Investment in fixed assets (net) (-€17,943)
- Tangible fixed assets +€9,126
up €9,126 (+10.4%), from €87,344 to €96,469
of which Plant, machinery and equipment: +€4,622
- Tax, wage and social debts +€12,785
new in 2025: €12,785
- Profit (loss) carried forward +€9,297
up €9,297 (+6.3%), from €148,246 to €157,543
- Debts after one year -€8,993
down €8,993 (-26.7%), from €33,620 to €24,627
- Trade debts +€4,666
new in 2025: €4,666
- Turnover -€98,811
no longer reported in 2025 (was €98,811)
- Purchases and services -€45,600
no longer reported in 2025 (was €45,600)
- Taxes +€14,801
new in 2025: €14,801
- Gross operating margin +€3,755
up €3,755 (+6.3%), from €59,169 to €62,924
- Depreciation +€2,710
up €2,710 (+44.4%), from €6,108 to €8,818
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.
Cash bridge derived
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 | €205,844 | €224,732 | +€18,888 | +9.2% |
| Fixed assets | 21/28 | €87,344 | €96,469 | +€9,126 | +10.4% |
| Tangible fixed assets | 22/27 | €87,344 | €96,469 | +€9,126 | +10.4% |
| Land and buildings | 22 | €21,739 | €21,739 | = | 0.0% |
| Plant, machinery and equipment | 23 | €51,798 | €56,421 | +€4,622 | +8.9% |
| Furniture and vehicles | 24 | €13,806 | €18,309 | +€4,503 | +32.6% |
| Current assets | 29/58 | €118,500 | €128,263 | +€9,763 | +8.2% |
| Amounts receivable within one year | 40/41 | €70,067 | €104,945 | +€34,878 | +49.8% |
| Other amounts receivable | 41 | €70,067 | €104,945 | +€34,878 | +49.8% |
| Cash at bank and in hand | 54/58 | €48,433 | €23,318 | -€25,115 | -51.9% |
| Total equity and liabilities | 10/49 | €205,844 | €224,732 | +€18,888 | +9.2% |
| Equity | 10/15 | €168,706 | €178,003 | +€9,297 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,246 | €157,543 | +€9,297 | +6.3% |
| Amounts payable | 17/49 | €37,138 | €46,729 | +€9,591 | +25.8% |
| Amounts payable after more than one year | 17 | €33,620 | €24,627 | -€8,993 | -26.7% |
| Financial debts | 170/4 | €33,620 | €24,627 | -€8,993 | -26.7% |
| Amounts payable within one year | 42/48 | €3,517 | €22,102 | +€18,585 | +528.4% |
| Current portion of amounts payable after more than one year | 42 | €3,517 | €4,651 | +€1,134 | +32.2% |
| Trade debts | 44 | - | €4,666 | +€4,666 | |
| Suppliers | 440/4 | - | €4,666 | +€4,666 | |
| Taxes, remuneration and social security | 45 | - | €12,785 | +€12,785 | |
| Remuneration and social security | 454/9 | - | €12,785 | +€12,785 | |
| Turnover | 70 | €98,811 | - | -€98,811 | |
| Goods, raw materials, services and sundry goods | 60/61 | €45,600 | - | -€45,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,108 | €8,818 | +€2,710 | +44.4% |
| Other operating charges | 640/8 | €1,806 | €1,852 | +€47 | +2.6% |
| Non-recurring operating charges | 66A | €34,259 | €27,164 | -€7,095 | -20.7% |
| Gross operating margin | 9900 | €59,169 | €62,924 | +€3,755 | +6.3% |
| Operating profit (loss) | 9901 | €16,996 | €25,090 | +€8,093 | +47.6% |
| Financial charges | 65/66B | €699 | €983 | +€284 | +40.5% |
| Recurring financial charges | 65 | €699 | €983 | +€284 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €16,297 | €24,107 | +€7,810 | +47.9% |
| Income taxes | 67/77 | - | €14,801 | +€14,801 | |
| Profit (loss) for the period | 9904 | €16,297 | €9,306 | -€6,991 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,297 | €9,306 | -€6,991 | -42.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.