Seyn Advisory: 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.
Seyn Advisory
Largest movements
- Cash +€20,542
up €20,542 (+60.6%), from €33,875 to €54,417
mainly Net result for the year (+€146,725) and Receivables within one year (+€13,611)
- Receivables within one year -€13,611
down €13,611 (-29.5%), from €46,206 to €32,595
of which Trade receivables: -€8,063
- Deferred charges and accrued income +€1,517
up €1,517 (+242%), from €626 to €2,143
- Profit (loss) carried forward +€146,725
up €146,725 (+37.8%), from -€387,854 to -€241,130
- Other debts -€78,020
down €78,020 (-91.8%), from €84,948 to €6,928
- Debts after one year -€50,000
down €50,000 (-25.0%), from €200,000 to €150,000
- Tax, wage and social debts -€8,192
down €8,192 (-34.3%), from €23,891 to €15,699
- Trade debts -€2,065
down €2,065 (-35.3%), from €5,855 to €3,790
- Staff costs -€4,162
down €4,162 (-100%), from €4,162 to €0
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.
Derived cash bridge
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 | €80,707 | €89,155 | +€8,448 | +10.5% |
| Current assets | 29/58 | €80,707 | €89,155 | +€8,448 | +10.5% |
| Amounts receivable within one year | 40/41 | €46,206 | €32,595 | -€13,611 | -29.5% |
| Trade receivables | 40 | €38,776 | €30,713 | -€8,063 | -20.8% |
| Other amounts receivable | 41 | €7,431 | €1,882 | -€5,548 | -74.7% |
| Cash at bank and in hand | 54/58 | €33,875 | €54,417 | +€20,542 | +60.6% |
| Deferred charges and accrued income | 490/1 | €626 | €2,143 | +€1,517 | +242% |
| Total equity and liabilities | 10/49 | €80,707 | €89,155 | +€8,448 | +10.5% |
| Equity | 10/15 | -€235,230 | -€88,506 | +€146,725 | +62.4% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €28,677 | €28,677 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €16,283 | €16,283 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€387,854 | -€241,130 | +€146,725 | +37.8% |
| Amounts payable | 17/49 | €315,938 | €177,661 | -€138,277 | -43.8% |
| Amounts payable after more than one year | 17 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Other amounts payable | 178/9 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Amounts payable within one year | 42/48 | €114,695 | €26,418 | -€88,277 | -77.0% |
| Trade debts | 44 | €5,855 | €3,790 | -€2,065 | -35.3% |
| Suppliers | 440/4 | €5,855 | €3,790 | -€2,065 | -35.3% |
| Taxes, remuneration and social security | 45 | €23,891 | €15,699 | -€8,192 | -34.3% |
| Taxes | 450/3 | €23,891 | €15,699 | -€8,192 | -34.3% |
| Other amounts payable | 47/48 | €84,948 | €6,928 | -€78,020 | -91.8% |
| Accrued charges and deferred income | 492/3 | €1,243 | €1,243 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €4,162 | €0 | -€4,162 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €3,379 | €2,663 | -€715 | -21.2% |
| Gross operating margin | 9900 | €193,381 | €192,617 | -€764 | -0.4% |
| Operating profit (loss) | 9901 | €185,840 | €189,954 | +€4,114 | +2.2% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €75 | €116 | +€40 | +53.5% |
| Recurring financial charges | 65 | €75 | €116 | +€40 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | €185,765 | €189,842 | +€4,077 | +2.2% |
| Income taxes | 67/77 | €42,547 | €43,118 | +€570 | +1.3% |
| Profit (loss) for the period | 9904 | €143,218 | €146,725 | +€3,507 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €143,218 | €146,725 | +€3,507 | +2.4% |
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 14 October 2026 via checked.be.