Seynaeve Technics: 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.
Seynaeve Technics
Largest movements
- Tangible fixed assets +€45,818
up €45,818 (+443.9%), from €10,321 to €56,139
of which Furniture and vehicles: +€24,955
- Receivables within one year -€13,966
down €13,966 (-35.7%), from €39,173 to €25,207
of which Trade receivables: -€12,316
- Cash +€10,742
up €10,742 (+60.9%), from €17,627 to €28,369
mainly Net result for the year (+€34,800) and Receivables within one year (+€13,966)
- Stocks and contracts -€1,204
down €1,204 (-28.5%), from €4,230 to €3,026
- Reserves +€23,958
up €23,958 (+41.0%), from €58,448 to €82,406
- Current portion of long-term debt +€10,791
new in 2025: €10,791
- Debts after one year +€10,222
new in 2025: €10,222
- Trade debts -€3,882
down €3,882 (-79.6%), from €4,880 to €998
- Other debts +€2,086
up €2,086, from €0 to €2,086
- Gross operating margin +€13,521
up €13,521 (+28.8%), from €46,971 to €60,493
- Taxes +€3,924
up €3,924 (+29.8%), from €13,185 to €17,109
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 | €71,868 | €113,875 | +€42,006 | +58.4% |
| Fixed assets | 21/28 | €10,321 | €56,139 | +€45,818 | +443.9% |
| Tangible fixed assets | 22/27 | €10,321 | €56,139 | +€45,818 | +443.9% |
| Plant, machinery and equipment | 23 | €633 | €366 | -€267 | -42.2% |
| Furniture and vehicles | 24 | €9,054 | €34,009 | +€24,955 | +275.6% |
| Other tangible fixed assets | 26 | €634 | €21,765 | +€21,131 | +3333.2% |
| Current assets | 29/58 | €61,547 | €57,735 | -€3,812 | -6.2% |
| Stocks and contracts in progress | 3 | €4,230 | €3,026 | -€1,204 | -28.5% |
| Stocks | 30/36 | €4,230 | €3,026 | -€1,204 | -28.5% |
| Amounts receivable within one year | 40/41 | €39,173 | €25,207 | -€13,966 | -35.7% |
| Trade receivables | 40 | €33,120 | €20,804 | -€12,316 | -37.2% |
| Other amounts receivable | 41 | €6,053 | €4,402 | -€1,651 | -27.3% |
| Cash at bank and in hand | 54/58 | €17,627 | €28,369 | +€10,742 | +60.9% |
| Deferred charges and accrued income | 490/1 | €517 | €1,133 | +€616 | +119.1% |
| Total equity and liabilities | 10/49 | €71,868 | €113,875 | +€42,006 | +58.4% |
| Equity | 10/15 | €64,648 | €88,606 | +€23,958 | +37.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,448 | €82,406 | +€23,958 | +41.0% |
| Distributable reserves | 133 | €58,448 | €82,406 | +€23,958 | +41.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,221 | €25,268 | +€18,048 | +250.0% |
| Amounts payable after more than one year | 17 | - | €10,222 | +€10,222 | |
| Financial debts | 170/4 | - | €10,222 | +€10,222 | |
| Amounts payable within one year | 42/48 | €7,221 | €15,047 | +€7,826 | +108.4% |
| Current portion of amounts payable after more than one year | 42 | - | €10,791 | +€10,791 | |
| Trade debts | 44 | €4,880 | €998 | -€3,882 | -79.6% |
| Suppliers | 440/4 | €4,880 | €998 | -€3,882 | -79.6% |
| Taxes, remuneration and social security | 45 | €2,341 | €1,172 | -€1,169 | -49.9% |
| Taxes | 450/3 | €2,341 | €1,172 | -€1,169 | -49.9% |
| Other amounts payable | 47/48 | €0 | €2,086 | +€2,086 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,074 | €6,996 | -€78 | -1.1% |
| Other operating charges | 640/8 | €1,521 | €1,442 | -€79 | -5.2% |
| Non-recurring operating charges | 66A | €504 | €74 | -€430 | -85.3% |
| Gross operating margin | 9900 | €46,971 | €60,493 | +€13,521 | +28.8% |
| Operating profit (loss) | 9901 | €37,872 | €51,980 | +€14,108 | +37.3% |
| Financial income | 75/76B | €188 | €530 | +€343 | +182.8% |
| Recurring financial income | 75 | €188 | €530 | +€343 | +182.8% |
| Financial charges | 65/66B | €155 | €601 | +€446 | +288.3% |
| Recurring financial charges | 65 | €155 | €601 | +€446 | +288.3% |
| Profit (loss) for the period before taxes | 9903 | €37,905 | €51,909 | +€14,004 | +36.9% |
| Income taxes | 67/77 | €13,185 | €17,109 | +€3,924 | +29.8% |
| Profit (loss) for the period | 9904 | €24,720 | €34,800 | +€10,080 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,720 | €34,800 | +€10,080 | +40.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.