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Seys-constructie: 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.

What changed

Seys-constructie

BE 0726.933.638
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€37,148
2024 · €44,592-€7,444
Equity
€219,891
2024 · €183,743+€36,148
Cash
€3,844
2024 · €902+€2,942
Balance sheet total
€332,549
2024 · €278,392+€54,157

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€37,937

    up €37,937 (+6,140%), from €618 to €38,555

  • Receivables within one year +€11,860

    up €11,860 (+26.4%), from €44,914 to €56,774

    of which Trade receivables: +€9,310

Equity and liabilities
  • Reserves +€36,148

    up €36,148 (+22.8%), from €158,743 to €194,891

  • Debts after one year +€11,280

    up €11,280 (+52.8%), from €21,351 to €32,631

  • Current portion of long-term debt +€7,586

    up €7,586 (+32.3%), from €23,506 to €31,092

Income statement
  • Gross operating margin -€7,830

    down €7,830 (-12.3%), from €63,624 to €55,794

  • Taxes -€2,529

    down €2,529 (-15.6%), from €16,197 to €13,668

  • Depreciation +€2,495

    up €2,495 (+477%), from €523 to €3,018

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €44,592
Gross operating margin -€7,830
Depreciation -€2,495
Other operating charges +€345
Financial income +€143
Financial charges -€136
Taxes +€2,529
Result 2025 €37,148
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€26,032
Investment -€40,956
Financing +€17,866
Cash 2024 €902
Net result for the year +€37,148
Depreciation +€3,018
Receivables within one year -€11,860
Deferred charges and accrued income -€1,417
Smaller working-capital items -€157
Other debts -€700
Investment in fixed assets (net) -€40,956
Debts after one year +€11,280
Current portion of long-term debt +€7,586
Contributions, distributions and other -€1,000
Cash 2025 €3,844
brings cash intakes cash out
Every line side by side 41 lines
Line Code 2024 2025 Change %
Total assets 20/58 €278,392 €332,549 +€54,157 +19.5%
Fixed assets 21/28 €232,570 €270,508 +€37,937 +16.3%
Tangible fixed assets 22/27 €618 €38,555 +€37,937 +6,140%
Furniture and vehicles 24 €618 €38,555 +€37,937 +6,140%
Financial fixed assets 28 €231,952 €231,952 = 0.0%
Current assets 29/58 €45,822 €62,042 +€16,219 +35.4%
Amounts receivable within one year 40/41 €44,914 €56,774 +€11,860 +26.4%
Trade receivables 40 €43,930 €53,240 +€9,310 +21.2%
Other amounts receivable 41 €984 €3,534 +€2,550 +259%
Cash at bank and in hand 54/58 €902 €3,844 +€2,942 +326%
Deferred charges and accrued income 490/1 €6 €1,423 +€1,417 +21,829%
Total equity and liabilities 10/49 €278,392 €332,549 +€54,157 +19.5%
Equity 10/15 €183,743 €219,891 +€36,148 +19.7%
Contributions 10/11 €25,000 €25,000 = 0.0%
Reserves 13 €158,743 €194,891 +€36,148 +22.8%
Distributable reserves 133 €158,743 €194,891 +€36,148 +22.8%
Profit (loss) carried forward 14 €0 €0 =
Amounts payable 17/49 €94,649 €112,658 +€18,009 +19.0%
Amounts payable after more than one year 17 €21,351 €32,631 +€11,280 +52.8%
Financial debts 170/4 €21,351 €32,631 +€11,280 +52.8%
Amounts payable within one year 42/48 €73,298 €80,027 +€6,729 +9.2%
Current portion of amounts payable after more than one year 42 €23,506 €31,092 +€7,586 +32.3%
Trade debts 44 €694 €596 -€99 -14.2%
Suppliers 440/4 €694 €596 -€99 -14.2%
Taxes, remuneration and social security 45 €47,397 €47,339 -€59 -0.1%
Taxes 450/3 €8,899 €3,668 -€5,231 -58.8%
Remuneration and social security 454/9 €38,498 €43,670 +€5,172 +13.4%
Other amounts payable 47/48 €1,700 €1,000 -€700 -41.2%
Accrued charges and deferred income 492/3 €0 - =
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €523 €3,018 +€2,495 +477%
Other operating charges 640/8 €628 €283 -€345 -54.9%
Gross operating margin 9900 €63,624 €55,794 -€7,830 -12.3%
Operating profit (loss) 9901 €62,473 €52,493 -€9,980 -16.0%
Financial income 75/76B €6 €150 +€143 +2,204%
Recurring financial income 75 €6 €150 +€143 +2,204%
Financial charges 65/66B €1,690 €1,826 +€136 +8.0%
Recurring financial charges 65 €1,690 €1,826 +€136 +8.0%
Profit (loss) for the period before taxes 9903 €60,789 €50,816 -€9,973 -16.4%
Income taxes 67/77 €16,197 €13,668 -€2,529 -15.6%
Profit (loss) for the period 9904 €44,592 €37,148 -€7,444 -16.7%
Profit (loss) for the period to be appropriated 9905 €44,592 €37,148 -€7,444 -16.7%

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 31 October 2026 via checked.be.