SEYNHAEVE PROJECTS: 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.
SEYNHAEVE PROJECTS
Largest movements
- Stocks and contracts -€445,255
down €445,255 (-100%), from €445,255 to €0
- Receivables within one year -€138,653
down €138,653 (-90.9%), from €152,479 to €13,826
of which Other amounts receivable: -€128,929
- Cash +€41,282
up €41,282 (+5,520%), from €748 to €42,030
mainly Stocks and contracts (+€445,255) and Receivables within one year (+€138,653)
- Tangible fixed assets +€16,536
new in 2025: €16,536
- Other debts -€354,292
down €354,292 (-83.0%), from €426,825 to €72,533
- Short-term financial debts -€258,300
down €258,300 (-100%), from €258,300 to €0
- Reserves +€55,709
new in 2025: €55,709
- Trade debts +€18,827
up €18,827 (+3,814%), from €494 to €19,321
- Tax, wage and social debts +€7,967
up €7,967 (+1,876%), from €425 to €8,391
- Gross operating margin +€78,890
up €78,890 (+1,152%), from €6,848 to €85,738
- Taxes +€14,164
new in 2025: €14,164
- Depreciation +€4,361
new in 2025: €4,361
- Financial charges -€3,824
down €3,824 (-25.3%), from €15,098 to €11,273
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 | €702,482 | €172,392 | -€530,089 | -75.5% |
| Fixed assets | 21/28 | €104,000 | €116,536 | +€12,536 | +12.1% |
| Tangible fixed assets | 22/27 | - | €16,536 | +€16,536 | |
| Furniture and vehicles | 24 | - | €16,536 | +€16,536 | |
| Financial fixed assets | 28 | €104,000 | €100,000 | -€4,000 | -3.8% |
| Current assets | 29/58 | €598,482 | €55,856 | -€542,626 | -90.7% |
| Stocks and contracts in progress | 3 | €445,255 | €0 | -€445,255 | -100% |
| Stocks | 30/36 | €445,255 | €0 | -€445,255 | -100% |
| Amounts receivable within one year | 40/41 | €152,479 | €13,826 | -€138,653 | -90.9% |
| Trade receivables | 40 | €23,052 | €13,328 | -€9,725 | -42.2% |
| Other amounts receivable | 41 | €129,427 | €498 | -€128,929 | -99.6% |
| Cash at bank and in hand | 54/58 | €748 | €42,030 | +€41,282 | +5,520% |
| Total equity and liabilities | 10/49 | €702,482 | €172,392 | -€530,089 | -75.5% |
| Equity | 10/15 | €16,438 | €72,147 | +€55,709 | +339% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €55,709 | +€55,709 | |
| Distributable reserves | 133 | - | €55,709 | +€55,709 | |
| Profit (loss) carried forward | 14 | -€33,562 | -€33,562 | = | 0.0% |
| Amounts payable | 17/49 | €686,043 | €100,245 | -€585,798 | -85.4% |
| Amounts payable within one year | 42/48 | €686,043 | €100,245 | -€585,798 | -85.4% |
| Financial debts | 43 | €258,300 | €0 | -€258,300 | -100% |
| Credit institutions | 430/8 | €258,300 | €0 | -€258,300 | -100% |
| Trade debts | 44 | €494 | €19,321 | +€18,827 | +3,814% |
| Suppliers | 440/4 | €494 | €19,321 | +€18,827 | +3,814% |
| Taxes, remuneration and social security | 45 | €425 | €8,391 | +€7,967 | +1,876% |
| Taxes | 450/3 | €425 | €8,391 | +€7,967 | +1,876% |
| Other amounts payable | 47/48 | €426,825 | €72,533 | -€354,292 | -83.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,361 | +€4,361 | |
| Other operating charges | 640/8 | €194 | €628 | +€434 | +223% |
| Gross operating margin | 9900 | €6,848 | €85,738 | +€78,890 | +1,152% |
| Operating profit (loss) | 9901 | €6,654 | €80,749 | +€74,095 | +1,114% |
| Financial income | 75/76B | - | €397 | +€397 | |
| Recurring financial income | 75 | - | €397 | +€397 | |
| Non-recurring financial income | 76B | - | €397 | +€397 | |
| Financial charges | 65/66B | €15,098 | €11,273 | -€3,824 | -25.3% |
| Recurring financial charges | 65 | €15,098 | €11,273 | -€3,824 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,443 | €69,873 | +€78,317 | |
| Income taxes | 67/77 | - | €14,164 | +€14,164 | |
| Profit (loss) for the period | 9904 | -€8,443 | €55,709 | +€64,152 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,443 | €55,709 | +€64,152 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.