SEYDIS: 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.
SEYDIS
Largest movements
- Cash +€30,236
up €30,236 (+28.1%), from €107,573 to €137,809
mainly Net result for the year (+€51,794) and Other debts (+€27,655)
- Tangible fixed assets +€24,870
up €24,870 (+52.7%), from €47,198 to €72,068
of which Furniture and vehicles: +€25,264
- Receivables within one year -€9,954
down €9,954 (-26.3%), from €37,886 to €27,931
of which Other amounts receivable: -€5,467
- Stocks and contracts +€2,765
up €2,765 (+12.2%), from €22,695 to €25,460
- Other debts +€27,655
up €27,655 (+302.0%), from €9,157 to €36,812
- Reserves +€15,211
up €15,211 (+9.1%), from €167,177 to €182,388
of which Distributable reserves: +€15,211
- Trade debts +€4,740
up €4,740 (+118.6%), from €3,996 to €8,736
- Advances received +€4,497
up €4,497 (+566.7%), from €793 to €5,290
- Tax, wage and social debts -€4,034
down €4,034 (-51.5%), from €7,829 to €3,795
of which Taxes: -€4,060
- Gross operating margin +€59,229
up €59,229 (+134.3%), from €44,088 to €103,317
- Taxes +€17,418
up €17,418 (+373.3%), from €4,666 to €22,084
- Depreciation +€3,286
up €3,286 (+43.6%), from €7,543 to €10,829
- Financial charges -€1,454
down €1,454 (-64.0%), from €2,274 to €819
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 | €219,033 | €267,021 | +€47,988 | +21.9% |
| Fixed assets | 21/28 | €47,198 | €72,068 | +€24,870 | +52.7% |
| Tangible fixed assets | 22/27 | €47,198 | €72,068 | +€24,870 | +52.7% |
| Plant, machinery and equipment | 23 | €2,727 | €5,405 | +€2,678 | +98.2% |
| Furniture and vehicles | 24 | €25,900 | €51,164 | +€25,264 | +97.5% |
| Other tangible fixed assets | 26 | €18,571 | €15,499 | -€3,072 | -16.5% |
| Current assets | 29/58 | €171,835 | €194,953 | +€23,117 | +13.5% |
| Stocks and contracts in progress | 3 | €22,695 | €25,460 | +€2,765 | +12.2% |
| Stocks | 30/36 | €22,695 | €25,460 | +€2,765 | +12.2% |
| Amounts receivable within one year | 40/41 | €37,886 | €27,931 | -€9,954 | -26.3% |
| Trade receivables | 40 | €23,170 | €18,682 | -€4,488 | -19.4% |
| Other amounts receivable | 41 | €14,716 | €9,250 | -€5,467 | -37.1% |
| Cash at bank and in hand | 54/58 | €107,573 | €137,809 | +€30,236 | +28.1% |
| Deferred charges and accrued income | 490/1 | €3,681 | €3,752 | +€70 | +1.9% |
| Total equity and liabilities | 10/49 | €219,033 | €267,021 | +€47,988 | +21.9% |
| Equity | 10/15 | €197,177 | €212,388 | +€15,211 | +7.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €167,177 | €182,388 | +€15,211 | +9.1% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €164,177 | €179,388 | +€15,211 | +9.3% |
| Amounts payable | 17/49 | €21,856 | €54,633 | +€32,777 | +150.0% |
| Amounts payable within one year | 42/48 | €21,776 | €54,633 | +€32,857 | +150.9% |
| Trade debts | 44 | €3,996 | €8,736 | +€4,740 | +118.6% |
| Suppliers | 440/4 | €3,996 | €8,736 | +€4,740 | +118.6% |
| Advances received on contracts in progress | 46 | €793 | €5,290 | +€4,497 | +566.7% |
| Taxes, remuneration and social security | 45 | €7,829 | €3,795 | -€4,034 | -51.5% |
| Taxes | 450/3 | €7,281 | €3,221 | -€4,060 | -55.8% |
| Remuneration and social security | 454/9 | €548 | €574 | +€26 | +4.8% |
| Other amounts payable | 47/48 | €9,157 | €36,812 | +€27,655 | +302.0% |
| Accrued charges and deferred income | 492/3 | €80 | - | -€80 | |
| Non-recurring operating income | 76A | €4,545 | - | -€4,545 | |
| Remuneration, social security and pensions | 62 | €15,046 | €15,615 | +€569 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,543 | €10,829 | +€3,286 | +43.6% |
| Other operating charges | 640/8 | €2,587 | €2,812 | +€226 | +8.7% |
| Non-recurring operating charges | 66A | €1,500 | €60 | -€1,440 | -96.0% |
| Gross operating margin | 9900 | €44,088 | €103,317 | +€59,229 | +134.3% |
| Operating profit (loss) | 9901 | €17,412 | €74,000 | +€56,588 | +325.0% |
| Financial income | 75/76B | €615 | €697 | +€82 | +13.4% |
| Recurring financial income | 75 | €615 | €697 | +€82 | +13.4% |
| Financial charges | 65/66B | €2,274 | €819 | -€1,454 | -64.0% |
| Recurring financial charges | 65 | €2,274 | €819 | -€1,454 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | €15,753 | €73,878 | +€58,125 | +369.0% |
| Income taxes | 67/77 | €4,666 | €22,084 | +€17,418 | +373.3% |
| Profit (loss) for the period | 9904 | €11,087 | €51,794 | +€40,707 | +367.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,087 | €51,794 | +€40,707 | +367.2% |
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 11 October 2026 via checked.be.