SEYDA: 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.
SEYDA
Largest movements
- Tangible fixed assets -€16,347
down €16,347 (-48.8%), from €33,507 to €17,160
- Cash +€14,384
new in 2024: €14,384
mainly Depreciation (+€14,648) and Trade debts (+€11,574)
- Stocks and contracts -€9,000
down €9,000 (-66.7%), from €13,500 to €4,500
- Current investments -€7,942
no longer reported in 2024 (was €7,942)
- Receivables within one year -€3,855
down €3,855 (-7.0%), from €54,948 to €51,092
of which Other amounts receivable: -€3,859
- Other debts -€29,884
no longer reported in 2024 (was €29,884)
- Trade debts +€11,574
up €11,574 (+38.1%), from €30,416 to €41,990
- Current portion of long-term debt -€2,830
no longer reported in 2024 (was €2,830)
- Profit (loss) carried forward -€1,277
down €1,277 (-3.8%), from €33,886 to €32,609
- Gross operating margin -€9,407
down €9,407 (-31.4%), from €29,988 to €20,581
- Other operating charges -€2,272
down €2,272 (-49.7%), from €4,570 to €2,297
- Depreciation -€1,627
down €1,627 (-10.0%), from €16,275 to €14,648
- Taxes -€798
down €798 (-21.2%), from €3,761 to €2,963
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,377 | €97,945 | -€21,432 | -18.0% |
| Fixed assets | 21/28 | €42,987 | €26,640 | -€16,347 | -38.0% |
| Tangible fixed assets | 22/27 | €33,507 | €17,160 | -€16,347 | -48.8% |
| Land and buildings | 22 | €7,990 | €4,220 | -€3,770 | -47.2% |
| Plant, machinery and equipment | 23 | €14,835 | €7,643 | -€7,193 | -48.5% |
| Furniture and vehicles | 24 | €10,681 | €5,297 | -€5,384 | -50.4% |
| Financial fixed assets | 28 | €9,480 | €9,480 | = | 0.0% |
| Current assets | 29/58 | €76,390 | €71,305 | -€5,085 | -6.7% |
| Stocks and contracts in progress | 3 | €13,500 | €4,500 | -€9,000 | -66.7% |
| Stocks | 30/36 | €13,500 | €4,500 | -€9,000 | -66.7% |
| Amounts receivable within one year | 40/41 | €54,948 | €51,092 | -€3,855 | -7.0% |
| Trade receivables | 40 | - | €4 | +€4 | |
| Other amounts receivable | 41 | €54,948 | €51,089 | -€3,859 | -7.0% |
| Current investments | 50/53 | €7,942 | - | -€7,942 | |
| Cash at bank and in hand | 54/58 | - | €14,384 | +€14,384 | |
| Deferred charges and accrued income | 490/1 | - | €1,328 | +€1,328 | |
| Total equity and liabilities | 10/49 | €119,377 | €97,945 | -€21,432 | -18.0% |
| Equity | 10/15 | €52,486 | €51,209 | -€1,277 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €33,886 | €32,609 | -€1,277 | -3.8% |
| Amounts payable | 17/49 | €66,891 | €46,736 | -€20,155 | -30.1% |
| Amounts payable within one year | 42/48 | €66,891 | €46,736 | -€20,155 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €2,830 | - | -€2,830 | |
| Trade debts | 44 | €30,416 | €41,990 | +€11,574 | +38.1% |
| Suppliers | 440/4 | €30,416 | €41,990 | +€11,574 | +38.1% |
| Taxes, remuneration and social security | 45 | €3,761 | €4,746 | +€985 | +26.2% |
| Taxes | 450/3 | €3,761 | €4,746 | +€985 | +26.2% |
| Other amounts payable | 47/48 | €29,884 | - | -€29,884 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,275 | €14,648 | -€1,627 | -10.0% |
| Other operating charges | 640/8 | €4,570 | €2,297 | -€2,272 | -49.7% |
| Gross operating margin | 9900 | €29,988 | €20,581 | -€9,407 | -31.4% |
| Operating profit (loss) | 9901 | €9,144 | €3,636 | -€5,508 | -60.2% |
| Financial charges | 65/66B | €2,175 | €1,950 | -€225 | -10.3% |
| Recurring financial charges | 65 | €2,175 | €499 | -€1,676 | -77.1% |
| Non-recurring financial charges | 66B | - | €1,451 | +€1,451 | |
| Profit (loss) for the period before taxes | 9903 | €6,969 | €1,686 | -€5,283 | -75.8% |
| Income taxes | 67/77 | €3,761 | €2,963 | -€798 | -21.2% |
| Profit (loss) for the period | 9904 | €3,208 | -€1,277 | -€4,485 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,208 | -€1,277 | -€4,485 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.