SEZER SERVICES: 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.
SEZER SERVICES
Largest movements
- Cash -€17,691
down €17,691 (-64.6%), from €27,370 to €9,679
mainly Net result for the year (-€14,372) and Investment in fixed assets (net) (-€4,800)
- Tangible fixed assets -€5,043
down €5,043 (-24.3%), from €20,788 to €15,745
of which Leasing and similar rights: -€3,136
- Deferred charges and accrued income +€2,501
up €2,501 (+24.0%), from €10,408 to €12,909
- Receivables within one year +€1,042
up €1,042 (+238.6%), from €437 to €1,479
- Profit (loss) carried forward -€14,372
down €14,372, from €10,623 to -€3,749
- Current portion of long-term debt -€2,504
no longer reported in 2025 (was €2,504)
- Trade debts -€2,437
down €2,437 (-19.5%), from €12,530 to €10,093
- Tax, wage and social debts +€1,839
up €1,839 (+11.5%), from €15,976 to €17,814
of which Remuneration and social security: +€6,501
- Other debts -€1,717
down €1,717 (-11.5%), from €14,871 to €13,153
- Gross operating margin -€28,640
down €28,640, from €20,677 to -€7,963
- Financial income +€6,850
up €6,850 (+6767.6%), from €101 to €6,951
of which Non-recurring financial income: +€6,289
- Depreciation -€2,361
down €2,361 (-19.3%), from €12,204 to €9,843
- Taxes -€830
no longer reported in 2025 (was €830)
- Staff costs -€282
no longer reported in 2025 (was €282)
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 | €59,003 | €39,811 | -€19,191 | -32.5% |
| Fixed assets | 21/28 | €20,788 | €15,745 | -€5,043 | -24.3% |
| Tangible fixed assets | 22/27 | €20,788 | €15,745 | -€5,043 | -24.3% |
| Land and buildings | 22 | €10,468 | €9,739 | -€730 | -7.0% |
| Plant, machinery and equipment | 23 | €4,855 | €2,393 | -€2,461 | -50.7% |
| Furniture and vehicles | 24 | €2,329 | €3,613 | +€1,284 | +55.1% |
| Leasing and similar rights | 25 | €3,136 | - | -€3,136 | |
| Current assets | 29/58 | €38,215 | €24,067 | -€14,148 | -37.0% |
| Amounts receivable within one year | 40/41 | €437 | €1,479 | +€1,042 | +238.6% |
| Trade receivables | 40 | €437 | €1,479 | +€1,042 | +238.6% |
| Cash at bank and in hand | 54/58 | €27,370 | €9,679 | -€17,691 | -64.6% |
| Deferred charges and accrued income | 490/1 | €10,408 | €12,909 | +€2,501 | +24.0% |
| Total equity and liabilities | 10/49 | €59,003 | €39,811 | -€19,191 | -32.5% |
| Equity | 10/15 | €13,123 | -€1,249 | -€14,372 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,623 | -€3,749 | -€14,372 | |
| Amounts payable | 17/49 | €45,880 | €41,060 | -€4,820 | -10.5% |
| Amounts payable within one year | 42/48 | €45,880 | €41,060 | -€4,820 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €2,504 | - | -€2,504 | |
| Trade debts | 44 | €12,530 | €10,093 | -€2,437 | -19.5% |
| Suppliers | 440/4 | €12,530 | €10,093 | -€2,437 | -19.5% |
| Taxes, remuneration and social security | 45 | €15,976 | €17,814 | +€1,839 | +11.5% |
| Taxes | 450/3 | €8,912 | €4,251 | -€4,662 | -52.3% |
| Remuneration and social security | 454/9 | €7,063 | €13,564 | +€6,501 | +92.0% |
| Other amounts payable | 47/48 | €14,871 | €13,153 | -€1,717 | -11.5% |
| Remuneration, social security and pensions | 62 | €282 | - | -€282 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,204 | €9,843 | -€2,361 | -19.3% |
| Other operating charges | 640/8 | €1,324 | €1,223 | -€102 | -7.7% |
| Gross operating margin | 9900 | €20,677 | -€7,963 | -€28,640 | |
| Operating profit (loss) | 9901 | €6,866 | -€19,029 | -€25,896 | |
| Financial income | 75/76B | €101 | €6,951 | +€6,850 | +6767.6% |
| Recurring financial income | 75 | €101 | €662 | +€561 | +553.9% |
| Non-recurring financial income | 76B | - | €6,289 | +€6,289 | |
| Financial charges | 65/66B | €2,397 | €2,293 | -€104 | -4.3% |
| Recurring financial charges | 65 | €2,397 | €2,293 | -€104 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €4,571 | -€14,372 | -€18,942 | |
| Income taxes | 67/77 | €830 | - | -€830 | |
| Profit (loss) for the period | 9904 | €3,740 | -€14,372 | -€18,112 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,740 | -€14,372 | -€18,112 |
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 30 September 2026 via checked.be.