SEOS: what changed
What changed
SEOS
NACE 77.110, Renting and leasing of cars and light motor vehicles
not consecutivefiled annual accounts (NBB)
Net result for the year
€71,979
2023 · -€2.4m+€2.5m
Equity
-€3.1m
2023 · -€1.9m-€1.2m
Cash
€476
2023 · €292+€184
Balance sheet total
€4.1m
2023 · €6.4m-€2.3m
Largest movements
Assets
- Financial fixed assets -€2.3m
down €2.3m (-36.1%), from €6.2m to €4.0m
Equity and liabilities
- Debts after one year -€1.5m
down €1.5m (-75.8%), from €2.0m to €474,040
of which Other amounts payable: -€1.4m
- Profit (loss) carried forward -€1.2m
down €1.2m (-37.6%), from -€3.2m to -€4.5m
- Other debts +€301,014
up €301,014 (+6.6%), from €4.6m to €4.9m
- Current portion of long-term debt +€130,770
up €130,770 (+132%), from €99,011 to €229,782
- Tax, wage and social debts -€64,584
down €64,584 (-96.8%), from €66,740 to €2,156
of which Taxes: -€56,405
Income statement
- Financial charges -€2.4m
down €2.4m (-98.0%), from €2.5m to €49,739
of which Non-recurring financial charges: -€2.2m
- Gross operating margin -€227,019
down €227,019, from €177,400 to -€49,620
- Financial income +€173,670
up €173,670 (+1,952%), from €8,896 to €182,566
- Staff costs -€54,642
no longer reported in 2025 (was €54,642)
- Write-downs -€9,883
no longer reported in 2025 (was €9,883)
Change in the result, 2023 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.
Result 2023
-€2.4m
Gross operating margin
-€227,019
Staff costs
+€54,642
Write-downs
+€9,883
Other operating charges
+€1,962
Financial income
+€173,670
Financial charges
+€2.4m
Result 2025
€71,979
raises the resultlowers the result
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,418,291 | €4,094,514 | -€2.3m | -36.2% |
| Fixed assets | 21/28 | €6,269,299 | €3,999,683 | -€2.3m | -36.2% |
| Tangible fixed assets | 22/27 | €34,420 | €17,198 | -€17,222 | -50.0% |
| Furniture and vehicles | 24 | €34,420 | €17,198 | -€17,222 | -50.0% |
| Financial fixed assets | 28 | €6,234,879 | €3,982,485 | -€2.3m | -36.1% |
| Current assets | 29/58 | €148,992 | €94,830 | -€54,162 | -36.4% |
| Amounts receivable within one year | 40/41 | €143,388 | €94,355 | -€49,033 | -34.2% |
| Trade receivables | 40 | €140,567 | €93,219 | -€47,348 | -33.7% |
| Other amounts receivable | 41 | €2,821 | €1,135 | -€1,686 | -59.8% |
| Cash at bank and in hand | 54/58 | €292 | €476 | +€184 | +62.9% |
| Deferred charges and accrued income | 490/1 | €5,312 | - | -€5,312 | |
| Total equity and liabilities | 10/49 | €6,418,291 | €4,094,514 | -€2.3m | -36.2% |
| Equity | 10/15 | -€1,898,562 | -€3,120,345 | -€1.2m | -64.4% |
| Contributions | 10/11 | €1,342,731 | €1,342,731 | = | 0.0% |
| Capital | 10 | €1,342,731 | €1,342,731 | = | 0.0% |
| Issued capital | 100 | €1,342,731 | €1,342,731 | = | 0.0% |
| Reserves | 13 | €7,944 | €7,944 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,944 | €7,944 | = | 0.0% |
| Legal reserve | 130 | €7,944 | €7,944 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,249,237 | -€4,471,020 | -€1.2m | -37.6% |
| Amounts payable | 17/49 | €8,316,853 | €7,214,858 | -€1.1m | -13.3% |
| Amounts payable after more than one year | 17 | €1,957,080 | €474,040 | -€1.5m | -75.8% |
| Financial debts | 170/4 | €531,414 | €474,040 | -€57,374 | -10.8% |
| Other amounts payable | 178/9 | €1,425,666 | - | -€1.4m | |
| Amounts payable within one year | 42/48 | €6,284,312 | €6,669,410 | +€385,098 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €99,011 | €229,782 | +€130,770 | +132% |
| Financial debts | 43 | €1,229,872 | €1,252,272 | +€22,400 | +1.8% |
| Credit institutions | 430/8 | €1,229,872 | €1,252,272 | +€22,400 | +1.8% |
| Trade debts | 44 | €319,199 | €314,696 | -€4,502 | -1.4% |
| Suppliers | 440/4 | €319,199 | €314,696 | -€4,502 | -1.4% |
| Taxes, remuneration and social security | 45 | €66,740 | €2,156 | -€64,584 | -96.8% |
| Taxes | 450/3 | €58,561 | €2,156 | -€56,405 | -96.3% |
| Remuneration and social security | 454/9 | €8,179 | - | -€8,179 | |
| Other amounts payable | 47/48 | €4,569,490 | €4,870,503 | +€301,014 | +6.6% |
| Accrued charges and deferred income | 492/3 | €75,462 | €71,409 | -€4,052 | -5.4% |
| Remuneration, social security and pensions | 62 | €54,642 | - | -€54,642 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,611 | €8,611 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,883 | - | -€9,883 | |
| Other operating charges | 640/8 | €4,580 | €2,618 | -€1,962 | -42.8% |
| Gross operating margin | 9900 | €177,400 | -€49,620 | -€227,019 | |
| Operating profit (loss) | 9901 | €99,684 | -€60,848 | -€160,532 | |
| Financial income | 75/76B | €8,896 | €182,566 | +€173,670 | +1,952% |
| Recurring financial income | 75 | €8,896 | €182,566 | +€173,670 | +1,952% |
| Financial charges | 65/66B | €2,492,929 | €49,739 | -€2.4m | -98.0% |
| Recurring financial charges | 65 | €310,429 | €49,739 | -€260,690 | -84.0% |
| Non-recurring financial charges | 66B | €2,182,500 | - | -€2.2m | |
| Profit (loss) for the period before taxes | 9903 | -€2,384,349 | €71,979 | +€2.5m | |
| Profit (loss) for the period | 9904 | -€2,384,349 | €71,979 | +€2.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,384,349 | €71,979 | +€2.5m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.