Seys Vastgoed: 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 Vastgoed
Largest movements
- Tangible fixed assets -€30,604
down €30,604 (-11.6%), from €264,492 to €233,888
- Current investments +€7,748
up €7,748 (+2,499,194%), from €0 to €7,748
- Cash +€4,121
up €4,121 (+325%), from €1,268 to €5,390
mainly Depreciation (+€31,964) and Other debts (+€9,975)
- Debts after one year -€16,276
down €16,276 (-10.9%), from €149,260 to €132,984
- Profit (loss) carried forward -€14,041
new in 2024: -€14,041
- Other debts +€9,975
up €9,975 (+15.7%), from €63,499 to €73,474
- Trade debts +€3,764
up €3,764 (+43.6%), from €8,631 to €12,395
- Gross operating margin -€30,266
down €30,266 (-27.6%), from €109,699 to €79,433
- Staff costs +€15,562
up €15,562 (+40.9%), from €38,006 to €53,568
- Depreciation -€11,429
down €11,429 (-26.3%), from €43,393 to €31,964
- Taxes -€4,069
down €4,069 (-96.0%), from €4,240 to €171
- Other operating charges -€3,286
down €3,286 (-50.6%), from €6,492 to €3,206
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,044 | €252,438 | -€15,606 | -5.8% |
| Fixed assets | 21/28 | €264,492 | €233,888 | -€30,604 | -11.6% |
| Tangible fixed assets | 22/27 | €264,492 | €233,888 | -€30,604 | -11.6% |
| Land and buildings | 22 | €230,199 | €217,430 | -€12,769 | -5.5% |
| Plant, machinery and equipment | 23 | €7,390 | €4,748 | -€2,642 | -35.7% |
| Furniture and vehicles | 24 | €26,903 | €11,709 | -€15,194 | -56.5% |
| Current assets | 29/58 | €3,552 | €18,551 | +€14,999 | +422% |
| Amounts receivable within one year | 40/41 | €1,613 | €4,093 | +€2,481 | +154% |
| Trade receivables | 40 | - | €3,237 | +€3,237 | |
| Other amounts receivable | 41 | €1,613 | €856 | -€756 | -46.9% |
| Current investments | 50/53 | €0 | €7,748 | +€7,748 | +2,499,194% |
| Cash at bank and in hand | 54/58 | €1,268 | €5,390 | +€4,121 | +325% |
| Deferred charges and accrued income | 490/1 | €671 | €1,320 | +€649 | +96.8% |
| Total equity and liabilities | 10/49 | €268,044 | €252,438 | -€15,606 | -5.8% |
| Equity | 10/15 | €10,821 | -€3,220 | -€14,041 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €9,821 | €9,821 | = | 0.0% |
| Distributable reserves | 133 | €9,821 | €9,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€14,041 | -€14,041 | |
| Amounts payable | 17/49 | €257,223 | €255,658 | -€1,565 | -0.6% |
| Amounts payable after more than one year | 17 | €149,260 | €132,984 | -€16,276 | -10.9% |
| Financial debts | 170/4 | €149,260 | €132,984 | -€16,276 | -10.9% |
| Amounts payable within one year | 42/48 | €107,963 | €122,674 | +€14,711 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €15,653 | €16,276 | +€623 | +4.0% |
| Trade debts | 44 | €8,631 | €12,395 | +€3,764 | +43.6% |
| Suppliers | 440/4 | €8,631 | €12,395 | +€3,764 | +43.6% |
| Advances received on contracts in progress | 46 | €1,216 | €0 | -€1,216 | -100% |
| Taxes, remuneration and social security | 45 | €18,964 | €20,529 | +€1,564 | +8.2% |
| Taxes | 450/3 | €9,263 | €14,772 | +€5,510 | +59.5% |
| Remuneration and social security | 454/9 | €9,701 | €5,756 | -€3,945 | -40.7% |
| Other amounts payable | 47/48 | €63,499 | €73,474 | +€9,975 | +15.7% |
| Remuneration, social security and pensions | 62 | €38,006 | €53,568 | +€15,562 | +40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,393 | €31,964 | -€11,429 | -26.3% |
| Other operating charges | 640/8 | €6,492 | €3,206 | -€3,286 | -50.6% |
| Gross operating margin | 9900 | €109,699 | €79,433 | -€30,266 | -27.6% |
| Operating profit (loss) | 9901 | €21,809 | -€9,304 | -€31,112 | |
| Financial income | 75/76B | €16 | €1 | -€15 | -96.5% |
| Recurring financial income | 75 | €16 | €1 | -€15 | -96.5% |
| Financial charges | 65/66B | €7,763 | €4,566 | -€3,197 | -41.2% |
| Recurring financial charges | 65 | €7,763 | €4,566 | -€3,197 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €14,061 | -€13,870 | -€27,930 | |
| Income taxes | 67/77 | €4,240 | €171 | -€4,069 | -96.0% |
| Profit (loss) for the period | 9904 | €9,821 | -€14,041 | -€23,861 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,821 | -€14,041 | -€23,861 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.