Seminal Consulting: what changed
What changed
Seminal Consulting
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€26,911
2022 · €33,559-€6,648
Equity
€696,509
2022 · €684,598+€11,911
Cash
€11,467
2022 · €6,226+€5,241
Balance sheet total
€750,085
2022 · €737,621+€12,464
Largest movements
Assets
- Receivables after one year +€27,262
up €27,262 (+4.0%), from €681,530 to €708,792
- Receivables within one year -€14,521
down €14,521 (-99.0%), from €14,667 to €146
of which Trade receivables: -€14,667
Equity and liabilities
- Advances received -€17,747
no longer reported in 2023 (was €17,747)
- Other debts +€13,910
up €13,910 (+69.6%), from €20,000 to €33,910
- Reserves +€11,911
up €11,911 (+1.8%), from €672,198 to €684,109
of which Distributable reserves: +€11,911
Income statement
- Gross operating margin -€4,524
down €4,524 (-25.1%), from €18,057 to €13,533
- Financial income -€2,963
down €2,963 (-10.9%), from €27,261 to €24,298
- Taxes -€897
down €897 (-13.0%), from €6,923 to €6,026
- Other operating charges +€842
up €842 (+57.9%), from €1,454 to €2,296
- Depreciation -€510
down €510 (-20.0%), from €2,548 to €2,038
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2022
€33,559
Gross operating margin
-€4,524
Depreciation
+€510
Other operating charges
-€842
Financial income
-€2,963
Financial charges
+€275
Taxes
+€897
Result 2023
€26,911
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€20,237
Investment
+€4
Financing
-€15,000
Cash 2022
€6,226
From operations (derived)
+€20,237
Net result for the year
+€26,911
Depreciation
+€2,038
Receivables after one year
-€27,262
Receivables within one year
+€14,521
Deferred charges and accrued income
+€3,476
Trade debts
+€2,025
Tax, wage and social debts
+€2,365
Advances received
-€17,747
Other debts
+€13,910
Investment (derived)
+€4
Investment in fixed assets (net)
-€0
Current investments
+€4
Financing
-€15,000
Contributions, distributions and other
-€15,000
Cash 2023
€11,467
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €737,621 | €750,085 | +€12,464 | +1.7% |
| Fixed assets | 21/28 | €7,865 | €5,827 | -€2,038 | -25.9% |
| Tangible fixed assets | 22/27 | €7,865 | €5,827 | -€2,038 | -25.9% |
| Plant, machinery and equipment | 23 | €1,108 | €876 | -€232 | -20.9% |
| Furniture and vehicles | 24 | €6,757 | €4,951 | -€1,806 | -26.7% |
| Current assets | 29/58 | €729,756 | €744,258 | +€14,502 | +2.0% |
| Amounts receivable after more than one year | 29 | €681,530 | €708,792 | +€27,262 | +4.0% |
| Trade receivables | 290 | €681,530 | €708,792 | +€27,262 | +4.0% |
| Amounts receivable within one year | 40/41 | €14,667 | €146 | -€14,521 | -99.0% |
| Trade receivables | 40 | €14,667 | - | -€14,667 | |
| Other amounts receivable | 41 | €0 | €146 | +€146 | |
| Current investments | 50/53 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | €6,226 | €11,467 | +€5,241 | +84.2% |
| Deferred charges and accrued income | 490/1 | €27,329 | €23,853 | -€3,476 | -12.7% |
| Total equity and liabilities | 10/49 | €737,621 | €750,085 | +€12,464 | +1.7% |
| Equity | 10/15 | €684,598 | €696,509 | +€11,911 | +1.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €672,198 | €684,109 | +€11,911 | +1.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €670,338 | €682,249 | +€11,911 | +1.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €53,023 | €53,576 | +€553 | +1.0% |
| Amounts payable within one year | 42/48 | €53,023 | €53,576 | +€553 | +1.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €67 | €2,092 | +€2,025 | +3,008% |
| Suppliers | 440/4 | €67 | €2,092 | +€2,025 | +3,008% |
| Advances received on contracts in progress | 46 | €17,747 | - | -€17,747 | |
| Taxes, remuneration and social security | 45 | €15,209 | €17,574 | +€2,365 | +15.6% |
| Taxes | 450/3 | €15,209 | €17,574 | +€2,365 | +15.6% |
| Other amounts payable | 47/48 | €20,000 | €33,910 | +€13,910 | +69.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,548 | €2,038 | -€510 | -20.0% |
| Other operating charges | 640/8 | €1,454 | €2,296 | +€842 | +57.9% |
| Gross operating margin | 9900 | €18,057 | €13,533 | -€4,524 | -25.1% |
| Operating profit (loss) | 9901 | €14,056 | €9,199 | -€4,857 | -34.6% |
| Financial income | 75/76B | €27,261 | €24,298 | -€2,963 | -10.9% |
| Recurring financial income | 75 | €27,261 | €24,298 | -€2,963 | -10.9% |
| Financial charges | 65/66B | €835 | €560 | -€275 | -32.9% |
| Recurring financial charges | 65 | €835 | €560 | -€275 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €40,482 | €32,937 | -€7,545 | -18.6% |
| Income taxes | 67/77 | €6,923 | €6,026 | -€897 | -13.0% |
| Profit (loss) for the period | 9904 | €33,559 | €26,911 | -€6,648 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,559 | €26,911 | -€6,648 | -19.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.