SEYS & CO: what changed
SEYS & CO
Largest movements
- Cash +€107,298
up €107,298 (+108%), from €99,114 to €206,412
mainly Net result for the year (+€286,013) and Depreciation (+€49,256)
- Receivables within one year +€35,361
up €35,361 (+26.8%), from €132,046 to €167,406
of which Trade receivables: +€69,975
- Tangible fixed assets +€25,386
up €25,386 (+22.7%), from €111,832 to €137,218
of which Other tangible fixed assets: +€14,975
- Stocks and contracts -€11,026
down €11,026 (-8.0%), from €138,026 to €127,000
- Deferred charges and accrued income +€10,188
up €10,188 (+166%), from €6,155 to €16,344
- Reserves +€199,563
up €199,563 (+74.9%), from €266,412 to €465,976
of which Distributable reserves: +€199,563
- Trade debts -€92,141
down €92,141 (-80.9%), from €113,951 to €21,810
- Tax, wage and social debts +€31,641
up €31,641 (+62.8%), from €50,347 to €81,988
of which Taxes: +€27,739
- Other debts +€24,200
up €24,200 (+32.9%), from €73,660 to €97,860
- Debts after one year +€23,510
up €23,510 (+1,881%), from €1,250 to €24,759
- Gross operating margin +€264,483
up €264,483 (+36.9%), from €716,302 to €980,785
- Taxes +€58,046
up €58,046 (+535%), from €10,855 to €68,901
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €595,009 | €762,215 | +€167,207 | +28.1% |
| Fixed assets | 21/28 | €219,667 | €245,053 | +€25,386 | +11.6% |
| Tangible fixed assets | 22/27 | €111,832 | €137,218 | +€25,386 | +22.7% |
| Plant, machinery and equipment | 23 | €27,800 | €28,435 | +€635 | +2.3% |
| Furniture and vehicles | 24 | €32,171 | €41,948 | +€9,777 | +30.4% |
| Other tangible fixed assets | 26 | €51,861 | €66,835 | +€14,975 | +28.9% |
| Financial fixed assets | 28 | €107,835 | €107,835 | = | 0.0% |
| Current assets | 29/58 | €375,342 | €517,162 | +€141,821 | +37.8% |
| Stocks and contracts in progress | 3 | €138,026 | €127,000 | -€11,026 | -8.0% |
| Stocks | 30/36 | €138,026 | €127,000 | -€11,026 | -8.0% |
| Amounts receivable within one year | 40/41 | €132,046 | €167,406 | +€35,361 | +26.8% |
| Trade receivables | 40 | €96,346 | €166,320 | +€69,975 | +72.6% |
| Other amounts receivable | 41 | €35,700 | €1,086 | -€34,614 | -97.0% |
| Cash at bank and in hand | 54/58 | €99,114 | €206,412 | +€107,298 | +108% |
| Deferred charges and accrued income | 490/1 | €6,155 | €16,344 | +€10,188 | +166% |
| Total equity and liabilities | 10/49 | €595,009 | €762,215 | +€167,207 | +28.1% |
| Equity | 10/15 | €331,963 | €527,976 | +€196,013 | +59.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €266,412 | €465,976 | +€199,563 | +74.9% |
| Tax-exempt reserves | 132 | €10,212 | €10,212 | = | 0.0% |
| Distributable reserves | 133 | €256,200 | €455,763 | +€199,563 | +77.9% |
| Profit (loss) carried forward | 14 | €3,551 | €0 | -€3,551 | -100% |
| Amounts payable | 17/49 | €263,046 | €234,240 | -€28,806 | -11.0% |
| Amounts payable after more than one year | 17 | €1,250 | €24,759 | +€23,510 | +1,881% |
| Financial debts | 170/4 | €1,250 | €24,759 | +€23,510 | +1,881% |
| Amounts payable within one year | 42/48 | €257,296 | €209,481 | -€47,815 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €19,338 | €7,822 | -€11,515 | -59.5% |
| Trade debts | 44 | €113,951 | €21,810 | -€92,141 | -80.9% |
| Suppliers | 440/4 | €113,951 | €21,810 | -€92,141 | -80.9% |
| Taxes, remuneration and social security | 45 | €50,347 | €81,988 | +€31,641 | +62.8% |
| Taxes | 450/3 | €3,325 | €31,064 | +€27,739 | +834% |
| Remuneration and social security | 454/9 | €47,022 | €50,924 | +€3,902 | +8.3% |
| Other amounts payable | 47/48 | €73,660 | €97,860 | +€24,200 | +32.9% |
| Accrued charges and deferred income | 492/3 | €4,500 | €0 | -€4,500 | -100% |
| Remuneration, social security and pensions | 62 | €561,148 | €566,507 | +€5,359 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,218 | €49,256 | -€1,962 | -3.8% |
| Other operating charges | 640/8 | €10,817 | €18,989 | +€8,172 | +75.6% |
| Non-recurring operating charges | 66A | - | €420 | +€420 | |
| Gross operating margin | 9900 | €716,302 | €980,785 | +€264,483 | +36.9% |
| Operating profit (loss) | 9901 | €93,120 | €345,613 | +€252,493 | +271% |
| Financial income | 75/76B | €7,805 | €10,999 | +€3,194 | +40.9% |
| Recurring financial income | 75 | €7,805 | €10,999 | +€3,194 | +40.9% |
| Financial charges | 65/66B | €7,143 | €1,698 | -€5,446 | -76.2% |
| Recurring financial charges | 65 | €7,143 | €1,698 | -€5,446 | -76.2% |
| Profit (loss) for the period before taxes | 9903 | €93,781 | €354,914 | +€261,132 | +278% |
| Income taxes | 67/77 | €10,855 | €68,901 | +€58,046 | +535% |
| Profit (loss) for the period | 9904 | €82,926 | €286,013 | +€203,087 | +245% |
| Profit (loss) for the period to be appropriated | 9905 | €82,926 | €286,013 | +€203,087 | +245% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.