SEYS: 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.
SEYS
Largest movements
- Stocks and contracts -€28,041
down €28,041 (-45.8%), from €61,224 to €33,183
- Cash +€14,503
up €14,503 (+411.9%), from €3,521 to €18,024
mainly Stocks and contracts (+€28,041) and Depreciation (+€3,883)
- Receivables within one year +€12,034
up €12,034 (+249.9%), from €4,815 to €16,850
of which Trade receivables: +€8,363
- Tangible fixed assets -€3,883
down €3,883 (-40.3%), from €9,647 to €5,764
of which Plant, machinery and equipment: -€2,611
- Deferred charges and accrued income +€1,418
up €1,418 (+47.2%), from €3,005 to €4,423
- Debts after one year -€5,000
down €5,000 (-58.8%), from €8,500 to €3,500
- Trade debts +€2,215
up €2,215 (+9.0%), from €24,685 to €26,900
- Reserves +€1,956
up €1,956 (+9.0%), from €21,737 to €23,693
of which Distributable reserves: +€1,956
- Other debts -€1,584
down €1,584 (-41.9%), from €3,785 to €2,201
- Tax, wage and social debts -€1,555
down €1,555 (-31.7%), from €4,904 to €3,349
of which Taxes: -€1,555
- Financial charges -€1,925
down €1,925 (-63.1%), from €3,052 to €1,128
- Taxes +€632
up €632 (+39.9%), from €1,584 to €2,216
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 | €82,211 | €78,243 | -€3,968 | -4.8% |
| Fixed assets | 21/28 | €9,647 | €5,764 | -€3,883 | -40.3% |
| Tangible fixed assets | 22/27 | €9,647 | €5,764 | -€3,883 | -40.3% |
| Plant, machinery and equipment | 23 | €6,313 | €3,702 | -€2,611 | -41.4% |
| Other tangible fixed assets | 26 | €3,334 | €2,062 | -€1,272 | -38.2% |
| Current assets | 29/58 | €72,564 | €72,479 | -€85 | -0.1% |
| Stocks and contracts in progress | 3 | €61,224 | €33,183 | -€28,041 | -45.8% |
| Stocks | 30/36 | €61,224 | €33,183 | -€28,041 | -45.8% |
| Amounts receivable within one year | 40/41 | €4,815 | €16,850 | +€12,034 | +249.9% |
| Trade receivables | 40 | €4,531 | €12,894 | +€8,363 | +184.6% |
| Other amounts receivable | 41 | €285 | €3,956 | +€3,671 | +1289.8% |
| Cash at bank and in hand | 54/58 | €3,521 | €18,024 | +€14,503 | +411.9% |
| Deferred charges and accrued income | 490/1 | €3,005 | €4,423 | +€1,418 | +47.2% |
| Total equity and liabilities | 10/49 | €82,211 | €78,243 | -€3,968 | -4.8% |
| Equity | 10/15 | €40,337 | €42,293 | +€1,956 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,737 | €23,693 | +€1,956 | +9.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €21,737 | €23,693 | +€1,956 | +9.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,874 | €35,950 | -€5,924 | -14.1% |
| Amounts payable after more than one year | 17 | €8,500 | €3,500 | -€5,000 | -58.8% |
| Other amounts payable | 178/9 | €8,500 | €3,500 | -€5,000 | -58.8% |
| Amounts payable within one year | 42/48 | €33,374 | €32,450 | -€924 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €24,685 | €26,900 | +€2,215 | +9.0% |
| Suppliers | 440/4 | €24,685 | €26,900 | +€2,215 | +9.0% |
| Taxes, remuneration and social security | 45 | €4,904 | €3,349 | -€1,555 | -31.7% |
| Taxes | 450/3 | €3,179 | €1,624 | -€1,555 | -48.9% |
| Remuneration and social security | 454/9 | €1,725 | €1,725 | = | 0.0% |
| Other amounts payable | 47/48 | €3,785 | €2,201 | -€1,584 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,883 | €3,883 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,787 | €1,758 | -€29 | -1.6% |
| Gross operating margin | 9900 | €12,386 | €12,396 | +€9 | +0.1% |
| Operating profit (loss) | 9901 | €6,717 | €6,755 | +€38 | +0.6% |
| Financial income | 75/76B | €219 | €211 | -€9 | -3.9% |
| Recurring financial income | 75 | €219 | €211 | -€9 | -3.9% |
| Financial charges | 65/66B | €3,052 | €1,128 | -€1,925 | -63.1% |
| Recurring financial charges | 65 | €3,052 | €1,128 | -€1,925 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | €3,884 | €5,838 | +€1,954 | +50.3% |
| Income taxes | 67/77 | €1,584 | €2,216 | +€632 | +39.9% |
| Profit (loss) for the period | 9904 | €2,300 | €3,622 | +€1,322 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,300 | €3,622 | +€1,322 | +57.5% |
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 9 October 2026 via checked.be.