SEYTEK: what changed
Two fiscal 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.
SEYTEK
Largest movements
- Receivables within one year +€43,303
up €43,303 (+697.1%), from €6,212 to €49,515
of which Trade receivables: +€42,722
- Cash -€9,796
down €9,796 (-34.5%), from €28,381 to €18,586
mainly Receivables within one year (-€43,303) and Other debts (-€12,000)
- Profit (loss) carried forward +€51,557
up €51,557 (+40776.1%), from €126 to €51,684
- Other debts -€12,000
no longer reported in 2025 (was €12,000)
- Trade debts -€7,280
down €7,280 (-92.5%), from €7,873 to €592
- Tax, wage and social debts +€795
up €795 (+65.5%), from €1,215 to €2,010
- Gross operating margin +€45,894
up €45,894 (+749.5%), from €6,123 to €52,018
- Taxes -€1,215
no longer reported in 2025 (was €1,215)
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 | €35,415 | €68,487 | +€33,072 | +93.4% |
| Fixed assets | 21/28 | €822 | €386 | -€436 | -53.1% |
| Tangible fixed assets | 22/27 | €822 | €386 | -€436 | -53.1% |
| Furniture and vehicles | 24 | €822 | €386 | -€436 | -53.1% |
| Current assets | 29/58 | €34,593 | €68,101 | +€33,508 | +96.9% |
| Amounts receivable within one year | 40/41 | €6,212 | €49,515 | +€43,303 | +697.1% |
| Trade receivables | 40 | €6,047 | €48,769 | +€42,722 | +706.5% |
| Other amounts receivable | 41 | €165 | €746 | +€581 | +351.9% |
| Cash at bank and in hand | 54/58 | €28,381 | €18,586 | -€9,796 | -34.5% |
| Total equity and liabilities | 10/49 | €35,415 | €68,487 | +€33,072 | +93.4% |
| Equity | 10/15 | €14,327 | €65,885 | +€51,557 | +359.8% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126 | €51,684 | +€51,557 | +40776.1% |
| Amounts payable | 17/49 | €21,088 | €2,602 | -€18,485 | -87.7% |
| Amounts payable within one year | 42/48 | €21,088 | €2,602 | -€18,485 | -87.7% |
| Trade debts | 44 | €7,873 | €592 | -€7,280 | -92.5% |
| Suppliers | 440/4 | €7,873 | €592 | -€7,280 | -92.5% |
| Taxes, remuneration and social security | 45 | €1,215 | €2,010 | +€795 | +65.5% |
| Taxes | 450/3 | €1,215 | €2,010 | +€795 | +65.5% |
| Other amounts payable | 47/48 | €12,000 | - | -€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €436 | €436 | = | 0.0% |
| Gross operating margin | 9900 | €6,123 | €52,018 | +€45,894 | +749.5% |
| Operating profit (loss) | 9901 | €5,687 | €51,582 | +€45,894 | +807.0% |
| Financial charges | 65/66B | €192 | €25 | -€168 | -87.2% |
| Recurring financial charges | 65 | €192 | €25 | -€168 | -87.2% |
| Profit (loss) for the period before taxes | 9903 | €5,495 | €51,557 | +€46,062 | +838.3% |
| Income taxes | 67/77 | €1,215 | - | -€1,215 | |
| Profit (loss) for the period | 9904 | €4,280 | €51,557 | +€47,277 | +1104.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,280 | €51,557 | +€47,277 | +1104.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.