SEYS INVEST: what changed
What changed
SEYS INVEST
filed annual accounts (NBB)
Net result for the year
€32,601
2024 · €22,885+€9,716
Equity
€208,158
2024 · €175,557+€32,601
Cash
€15,621
2024 · €3,698+€11,923
Balance sheet total
€322,281
2024 · €479,044-€156,762
Largest movements
Assets
- Stocks and contracts -€170,197
down €170,197 (-41.0%), from €414,780 to €244,584
- Cash +€11,923
up €11,923 (+322%), from €3,698 to €15,621
mainly Stocks and contracts (+€170,197) and Net result for the year (+€32,601)
Equity and liabilities
- Short-term financial debts -€157,500
down €157,500 (-100%), from €157,500 to €0
- Reserves +€34,000
up €34,000 (+27.2%), from €125,000 to €159,000
- Debts after one year -€15,818
down €15,818 (-12.8%), from €123,453 to €107,635
of which Financial debts: -€15,818
- Current portion of long-term debt -€15,583
down €15,583 (-100%), from €15,583 to €0
Income statement
- Financial charges -€7,881
down €7,881 (-64.7%), from €12,186 to €4,305
- Gross operating margin +€5,092
up €5,092 (+11.5%), from €44,414 to €49,506
- Taxes +€3,239
up €3,239 (+42.5%), from €7,628 to €10,867
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.
Result 2024
€22,885
Gross operating margin
+€5,092
Other operating charges
+€202
Financial income
-€219
Financial charges
+€7,881
Taxes
-€3,239
Result 2025
€32,601
raises the resultlowers the result
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.
From operations
+€200,825
Investment
€0
Financing
-€188,901
Cash 2024
€3,698
From operations (derived)
+€200,825
Net result for the year
+€32,601
Stocks and contracts
+€170,197
Receivables within one year
-€1,511
Trade debts
+€1,004
Other debts
-€1,466
Financing
-€188,901
Debts after one year
-€15,818
Current portion of long-term debt
-€15,583
Short-term financial debts
-€157,500
Cash 2025
€15,621
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €479,044 | €322,281 | -€156,762 | -32.7% |
| Fixed assets | 21/28 | €52,500 | €52,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €50,000 | €50,000 | = | 0.0% |
| Land and buildings | 22 | €50,000 | €50,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €426,544 | €269,781 | -€156,762 | -36.8% |
| Stocks and contracts in progress | 3 | €414,780 | €244,584 | -€170,197 | -41.0% |
| Stocks | 30/36 | €414,780 | €244,584 | -€170,197 | -41.0% |
| Amounts receivable within one year | 40/41 | €8,065 | €9,577 | +€1,511 | +18.7% |
| Trade receivables | 40 | €3,000 | €4,500 | +€1,500 | +50.0% |
| Other amounts receivable | 41 | €5,065 | €5,077 | +€11 | +0.2% |
| Cash at bank and in hand | 54/58 | €3,698 | €15,621 | +€11,923 | +322% |
| Total equity and liabilities | 10/49 | €479,044 | €322,281 | -€156,762 | -32.7% |
| Equity | 10/15 | €175,557 | €208,158 | +€32,601 | +18.6% |
| Contributions | 10/11 | €48,250 | €48,250 | = | 0.0% |
| Reserves | 13 | €125,000 | €159,000 | +€34,000 | +27.2% |
| Distributable reserves | 133 | €125,000 | €159,000 | +€34,000 | +27.2% |
| Profit (loss) carried forward | 14 | €2,307 | €908 | -€1,399 | -60.6% |
| Amounts payable | 17/49 | €303,486 | €114,123 | -€189,363 | -62.4% |
| Amounts payable after more than one year | 17 | €123,453 | €107,635 | -€15,818 | -12.8% |
| Financial debts | 170/4 | €15,818 | €0 | -€15,818 | -100% |
| Other amounts payable | 178/9 | €107,635 | €107,635 | = | 0.0% |
| Amounts payable within one year | 42/48 | €180,033 | €6,488 | -€173,545 | -96.4% |
| Current portion of amounts payable after more than one year | 42 | €15,583 | €0 | -€15,583 | -100% |
| Financial debts | 43 | €157,500 | €0 | -€157,500 | -100% |
| Credit institutions | 430/8 | €157,500 | €0 | -€157,500 | -100% |
| Trade debts | 44 | €5,484 | €6,488 | +€1,004 | +18.3% |
| Suppliers | 440/4 | €5,484 | €6,488 | +€1,004 | +18.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,466 | €0 | -€1,466 | -100% |
| Non-recurring operating income | 76A | €54,122 | €0 | -€54,122 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,956 | €1,755 | -€202 | -10.3% |
| Gross operating margin | 9900 | €44,414 | €49,506 | +€5,092 | +11.5% |
| Operating profit (loss) | 9901 | €42,458 | €47,752 | +€5,294 | +12.5% |
| Financial income | 75/76B | €241 | €22 | -€219 | -90.9% |
| Recurring financial income | 75 | €241 | €22 | -€219 | -90.9% |
| Financial charges | 65/66B | €12,186 | €4,305 | -€7,881 | -64.7% |
| Recurring financial charges | 65 | €12,186 | €4,305 | -€7,881 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €30,513 | €43,468 | +€12,955 | +42.5% |
| Income taxes | 67/77 | €7,628 | €10,867 | +€3,239 | +42.5% |
| Profit (loss) for the period | 9904 | €22,885 | €32,601 | +€9,716 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,885 | €32,601 | +€9,716 | +42.5% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.