SEZER SNACK: 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.
SEZER SNACK
Largest movements
- Tangible fixed assets +€248,428
up €248,428 (+27.3%), from €911,126 to €1.2m
of which Land and buildings: +€255,061
- Receivables within one year -€245,876
down €245,876 (-51.9%), from €473,677 to €227,801
of which Trade receivables: -€302,096
- Cash -€67,066
down €67,066 (-25.5%), from €262,857 to €195,790
mainly Investment in fixed assets (net) (-€332,493) and Trade debts (-€170,603)
- Stocks and contracts +€19,061
up €19,061 (+38.5%), from €49,452 to €68,513
- Debts after one year +€176,141
up €176,141 (+25.6%), from €687,643 to €863,784
- Trade debts -€170,603
down €170,603 (-53.1%), from €321,463 to €150,860
- Reserves -€69,000
down €69,000 (-30.5%), from €225,860 to €156,860
- Current portion of long-term debt +€50,328
up €50,328 (+102%), from €49,471 to €99,799
- Tax, wage and social debts -€18,026
down €18,026 (-14.1%), from €128,113 to €110,086
of which Taxes: -€21,324
- Gross operating margin +€120,194
up €120,194 (+16.4%), from €731,644 to €851,838
- Staff costs +€47,394
up €47,394 (+8.2%), from €577,020 to €624,414
- Financial charges +€33,816
up €33,816 (+167%), from €20,217 to €54,033
- Depreciation +€25,923
up €25,923 (+44.6%), from €58,142 to €84,064
- Other operating charges +€8,849
up €8,849 (+162%), from €5,453 to €14,302
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 | €1,704,148 | €1,671,355 | -€32,793 | -1.9% |
| Fixed assets | 21/28 | €911,126 | €1,159,555 | +€248,428 | +27.3% |
| Tangible fixed assets | 22/27 | €911,126 | €1,159,555 | +€248,428 | +27.3% |
| Land and buildings | 22 | €743,176 | €998,237 | +€255,061 | +34.3% |
| Plant, machinery and equipment | 23 | €15,642 | €51,696 | +€36,054 | +230% |
| Furniture and vehicles | 24 | €44,380 | €27,536 | -€16,844 | -38.0% |
| Leasing and similar rights | 25 | €53,368 | €37,730 | -€15,638 | -29.3% |
| Other tangible fixed assets | 26 | €54,560 | €44,356 | -€10,204 | -18.7% |
| Current assets | 29/58 | €793,022 | €511,801 | -€281,221 | -35.5% |
| Stocks and contracts in progress | 3 | €49,452 | €68,513 | +€19,061 | +38.5% |
| Stocks | 30/36 | €49,452 | €68,513 | +€19,061 | +38.5% |
| Amounts receivable within one year | 40/41 | €473,677 | €227,801 | -€245,876 | -51.9% |
| Trade receivables | 40 | €338,166 | €36,070 | -€302,096 | -89.3% |
| Other amounts receivable | 41 | €135,510 | €191,730 | +€56,220 | +41.5% |
| Cash at bank and in hand | 54/58 | €262,857 | €195,790 | -€67,066 | -25.5% |
| Deferred charges and accrued income | 490/1 | €7,037 | €19,696 | +€12,660 | +180% |
| Total equity and liabilities | 10/49 | €1,704,148 | €1,671,355 | -€32,793 | -1.9% |
| Equity | 10/15 | €266,523 | €198,207 | -€68,315 | -25.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €225,860 | €156,860 | -€69,000 | -30.5% |
| Distributable reserves | 133 | €225,860 | €156,860 | -€69,000 | -30.5% |
| Profit (loss) carried forward | 14 | €34,463 | €35,147 | +€685 | +2.0% |
| Amounts payable | 17/49 | €1,437,626 | €1,473,148 | +€35,522 | +2.5% |
| Amounts payable after more than one year | 17 | €687,643 | €863,784 | +€176,141 | +25.6% |
| Financial debts | 170/4 | €687,643 | €863,784 | +€176,141 | +25.6% |
| Amounts payable within one year | 42/48 | €749,983 | €609,363 | -€140,619 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €49,471 | €99,799 | +€50,328 | +102% |
| Trade debts | 44 | €321,463 | €150,860 | -€170,603 | -53.1% |
| Suppliers | 440/4 | €321,463 | €150,860 | -€170,603 | -53.1% |
| Advances received on contracts in progress | 46 | €110,725 | €120,225 | +€9,500 | +8.6% |
| Taxes, remuneration and social security | 45 | €128,113 | €110,086 | -€18,026 | -14.1% |
| Taxes | 450/3 | €51,301 | €29,977 | -€21,324 | -41.6% |
| Remuneration and social security | 454/9 | €76,811 | €80,109 | +€3,298 | +4.3% |
| Other amounts payable | 47/48 | €140,211 | €128,393 | -€11,818 | -8.4% |
| Remuneration, social security and pensions | 62 | €577,020 | €624,414 | +€47,394 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,142 | €84,064 | +€25,923 | +44.6% |
| Other operating charges | 640/8 | €5,453 | €14,302 | +€8,849 | +162% |
| Gross operating margin | 9900 | €731,644 | €851,838 | +€120,194 | +16.4% |
| Operating profit (loss) | 9901 | €91,029 | €129,058 | +€38,028 | +41.8% |
| Financial income | 75/76B | €4,987 | €8,825 | +€3,838 | +76.9% |
| Recurring financial income | 75 | €4,987 | €8,825 | +€3,838 | +76.9% |
| Financial charges | 65/66B | €20,217 | €54,033 | +€33,816 | +167% |
| Recurring financial charges | 65 | €20,217 | €54,033 | +€33,816 | +167% |
| Profit (loss) for the period before taxes | 9903 | €75,799 | €83,850 | +€8,050 | +10.6% |
| Income taxes | 67/77 | €22,670 | €24,165 | +€1,495 | +6.6% |
| Profit (loss) for the period | 9904 | €53,129 | €59,685 | +€6,555 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,129 | €59,685 | +€6,555 | +12.3% |
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 13 October 2026 via checked.be.