SEYNA: what changed
Two fiscal 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.
SEYNA
Largest movements
- Deferred charges and accrued income +€151,293
up €151,293 (+2904.3%), from €5,209 to €156,502
- Cash -€50,224
down €50,224 (-24.5%), from €204,928 to €154,704
mainly Deferred charges and accrued income (-€151,293) and Debts after one year (-€57,545)
- Receivables within one year -€36,626
down €36,626 (-16.5%), from €222,558 to €185,931
of which Trade receivables: -€58,990
- Stocks and contracts -€31,178
down €31,178 (-6.1%), from €512,874 to €481,696
of which Stocks: -€31,178
- Tangible fixed assets -€28,153
down €28,153 (-13.6%), from €206,817 to €178,664
of which Furniture and vehicles: -€55,986
- Trade debts +€111,343
up €111,343 (+224.5%), from €49,606 to €160,949
- Debts after one year -€57,545
down €57,545 (-27.6%), from €208,524 to €150,979
- Other debts -€50,374
no longer reported in 2025 (was €50,374)
- Reserves +€27,722
up €27,722 (+3.9%), from €709,408 to €737,130
of which Distributable reserves: +€29,269
- Tax, wage and social debts -€21,960
no longer reported in 2025 (was €21,960)
- Gross operating margin -€85,811
down €85,811 (-45.8%), from €187,462 to €101,652
- Financial income -€40,609
down €40,609 (-90.4%), from €44,942 to €4,333
- Taxes -€29,311
down €29,311 (-76.0%), from €38,565 to €9,254
- Write-downs +€27,355
up €27,355, from -€26,007 to €1,347
- Other operating charges -€26,758
down €26,758 (-85.7%), from €31,239 to €4,481
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 | €1,174,852 | €1,176,778 | +€1,926 | +0.2% |
| Fixed assets | 21/28 | €229,284 | €197,944 | -€31,339 | -13.7% |
| Intangible fixed assets | 21 | €22,466 | €19,280 | -€3,186 | -14.2% |
| Tangible fixed assets | 22/27 | €206,817 | €178,664 | -€28,153 | -13.6% |
| Land and buildings | 22 | €80,063 | €67,253 | -€12,810 | -16.0% |
| Plant, machinery and equipment | 23 | €17,162 | €14,892 | -€2,270 | -13.2% |
| Furniture and vehicles | 24 | €60,351 | €4,365 | -€55,986 | -92.8% |
| Other tangible fixed assets | 26 | €49,242 | €92,155 | +€42,913 | +87.1% |
| Current assets | 29/58 | €945,569 | €978,834 | +€33,265 | +3.5% |
| Stocks and contracts in progress | 3 | €512,874 | €481,696 | -€31,178 | -6.1% |
| Stocks | 30/36 | €512,874 | €481,696 | -€31,178 | -6.1% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €222,558 | €185,931 | -€36,626 | -16.5% |
| Trade receivables | 40 | €212,719 | €153,729 | -€58,990 | -27.7% |
| Other amounts receivable | 41 | €9,838 | €32,202 | +€22,364 | +227.3% |
| Cash at bank and in hand | 54/58 | €204,928 | €154,704 | -€50,224 | -24.5% |
| Deferred charges and accrued income | 490/1 | €5,209 | €156,502 | +€151,293 | +2904.3% |
| Total equity and liabilities | 10/49 | €1,174,852 | €1,176,778 | +€1,926 | +0.2% |
| Equity | 10/15 | €773,408 | €801,130 | +€27,722 | +3.6% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €709,408 | €737,130 | +€27,722 | +3.9% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,772 | €52,226 | -€1,546 | -2.9% |
| Distributable reserves | 133 | €649,235 | €678,504 | +€29,269 | +4.5% |
| Provisions and deferred taxes | 16 | €6,250 | €5,735 | -€515 | -8.2% |
| Deferred taxes | 168 | €6,250 | €5,735 | -€515 | -8.2% |
| Amounts payable | 17/49 | €395,195 | €369,914 | -€25,281 | -6.4% |
| Amounts payable after more than one year | 17 | €208,524 | €150,979 | -€57,545 | -27.6% |
| Financial debts | 170/4 | €208,524 | €150,979 | -€57,545 | -27.6% |
| Amounts payable within one year | 42/48 | €183,563 | €218,495 | +€34,932 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €61,183 | €57,545 | -€3,638 | -5.9% |
| Trade debts | 44 | €49,606 | €160,949 | +€111,343 | +224.5% |
| Suppliers | 440/4 | €49,606 | €160,949 | +€111,343 | +224.5% |
| Advances received on contracts in progress | 46 | €440 | - | -€440 | |
| Taxes, remuneration and social security | 45 | €21,960 | - | -€21,960 | |
| Taxes | 450/3 | €21,960 | - | -€21,960 | |
| Other amounts payable | 47/48 | €50,374 | - | -€50,374 | |
| Accrued charges and deferred income | 492/3 | €3,108 | €440 | -€2,668 | -85.8% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,174 | €43,530 | -€4,644 | -9.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€26,007 | €1,347 | +€27,355 | |
| Other operating charges | 640/8 | €31,239 | €4,481 | -€26,758 | -85.7% |
| Non-recurring operating charges | 66A | - | €9,139 | +€9,139 | |
| Gross operating margin | 9900 | €187,462 | €101,652 | -€85,811 | -45.8% |
| Operating profit (loss) | 9901 | €134,056 | €43,154 | -€90,902 | -67.8% |
| Financial income | 75/76B | €44,942 | €4,333 | -€40,609 | -90.4% |
| Recurring financial income | 75 | €44,942 | €4,333 | -€40,609 | -90.4% |
| Financial charges | 65/66B | €13,110 | €11,026 | -€2,084 | -15.9% |
| Recurring financial charges | 65 | €13,110 | €11,026 | -€2,084 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €165,888 | €36,461 | -€129,427 | -78.0% |
| Transfer from deferred taxes | 780 | - | €515 | +€515 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €38,565 | €9,254 | -€29,311 | -76.0% |
| Profit (loss) for the period | 9904 | €127,323 | €27,722 | -€99,601 | -78.2% |
| Transfer from tax-exempt reserves | 789 | - | €1,546 | +€1,546 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €127,323 | €29,269 | -€98,055 | -77.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.