Sez Consulting: 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.
Sez Consulting
Largest movements
- Tangible fixed assets -€9,484
down €9,484 (-32.4%), from €29,275 to €19,791
of which Furniture and vehicles: -€20,450
- Cash +€3,951
up €3,951 (+21.4%), from €18,441 to €22,392
mainly Depreciation (+€10,315) and Tax, wage and social debts (+€3,449)
- Receivables within one year +€1,821
up €1,821 (+5.8%), from €31,467 to €33,288
of which Trade receivables: +€1,256
- Other debts -€5,022
no longer reported in 2025 (was €5,022)
- Tax, wage and social debts +€3,449
up €3,449 (+20.5%), from €16,822 to €20,271
- Trade debts -€2,698
down €2,698 (-45.4%), from €5,942 to €3,244
- Profit (loss) carried forward +€974
up €974 (+2.0%), from €48,897 to €49,871
- Gross operating margin -€40,807
down €40,807 (-63.4%), from €64,381 to €23,574
- Taxes -€8,426
down €8,426 (-66.7%), from €12,633 to €4,206
- Depreciation +€2,542
up €2,542 (+32.7%), from €7,773 to €10,315
- Financial charges +€2,215
up €2,215 (+40.9%), from €5,420 to €7,635
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.
Derived cash bridge
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 | €79,183 | €75,886 | -€3,297 | -4.2% |
| Fixed assets | 21/28 | €29,275 | €19,791 | -€9,484 | -32.4% |
| Tangible fixed assets | 22/27 | €29,275 | €19,791 | -€9,484 | -32.4% |
| Furniture and vehicles | 24 | €29,275 | €8,825 | -€20,450 | -69.9% |
| Leasing and similar rights | 25 | - | €10,966 | +€10,966 | |
| Current assets | 29/58 | €49,908 | €56,095 | +€6,187 | +12.4% |
| Amounts receivable within one year | 40/41 | €31,467 | €33,288 | +€1,821 | +5.8% |
| Trade receivables | 40 | €16,323 | €17,579 | +€1,256 | +7.7% |
| Other amounts receivable | 41 | €15,144 | €15,709 | +€565 | +3.7% |
| Cash at bank and in hand | 54/58 | €18,441 | €22,392 | +€3,951 | +21.4% |
| Deferred charges and accrued income | 490/1 | - | €415 | +€415 | |
| Total equity and liabilities | 10/49 | €79,183 | €75,886 | -€3,297 | -4.2% |
| Equity | 10/15 | €51,397 | €52,371 | +€974 | +1.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,897 | €49,871 | +€974 | +2.0% |
| Amounts payable | 17/49 | €27,787 | €23,515 | -€4,271 | -15.4% |
| Amounts payable within one year | 42/48 | €27,787 | €23,515 | -€4,271 | -15.4% |
| Trade debts | 44 | €5,942 | €3,244 | -€2,698 | -45.4% |
| Suppliers | 440/4 | €5,942 | €3,244 | -€2,698 | -45.4% |
| Taxes, remuneration and social security | 45 | €16,822 | €20,271 | +€3,449 | +20.5% |
| Taxes | 450/3 | €16,822 | €20,271 | +€3,449 | +20.5% |
| Other amounts payable | 47/48 | €5,022 | - | -€5,022 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,773 | €10,315 | +€2,542 | +32.7% |
| Other operating charges | 640/8 | €511 | €446 | -€65 | -12.8% |
| Gross operating margin | 9900 | €64,381 | €23,574 | -€40,807 | -63.4% |
| Operating profit (loss) | 9901 | €56,096 | €12,813 | -€43,283 | -77.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €5,420 | €7,635 | +€2,215 | +40.9% |
| Recurring financial charges | 65 | €5,420 | €7,635 | +€2,215 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €50,676 | €5,181 | -€45,496 | -89.8% |
| Income taxes | 67/77 | €12,633 | €4,206 | -€8,426 | -66.7% |
| Profit (loss) for the period | 9904 | €38,043 | €974 | -€37,069 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,043 | €974 | -€37,069 | -97.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.