THE SEERHA: 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.
THE SEERHA
Largest movements
- Cash -€293
down €293 (-81.9%), from €358 to €65
mainly Net result for the year (-€1,897) and Trade debts (-€1,253)
- Receivables within one year +€94
new in 2025: €94
- Other debts +€2,951
up €2,951 (+12.5%), from €23,640 to €26,590
- Profit (loss) carried forward -€1,897
down €1,897 (-7.1%), from -€26,535 to -€28,432
- Trade debts -€1,253
no longer reported in 2025 (was €1,253)
- Other operating charges -€26,269
down €26,269 (-99.8%), from €26,319 to €50
- Turnover -€25,299
no longer reported in 2025 (was €25,299)
- Purchases and services -€14,463
no longer reported in 2025 (was €14,463)
- Gross operating margin -€12,638
down €12,638, from €10,836 to -€1,802
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 | €358 | €158 | -€199 | -55.7% |
| Current assets | 29/58 | €358 | €158 | -€199 | -55.7% |
| Amounts receivable within one year | 40/41 | - | €94 | +€94 | |
| Other amounts receivable | 41 | - | €94 | +€94 | |
| Cash at bank and in hand | 54/58 | €358 | €65 | -€293 | -81.9% |
| Total equity and liabilities | 10/49 | €358 | €158 | -€199 | -55.7% |
| Equity | 10/15 | -€24,535 | -€26,432 | -€1,897 | -7.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,535 | -€28,432 | -€1,897 | -7.1% |
| Amounts payable | 17/49 | €24,893 | €26,590 | +€1,698 | +6.8% |
| Amounts payable within one year | 42/48 | €24,893 | €26,590 | +€1,698 | +6.8% |
| Trade debts | 44 | €1,253 | - | -€1,253 | |
| Suppliers | 440/4 | €1,253 | - | -€1,253 | |
| Other amounts payable | 47/48 | €23,640 | €26,590 | +€2,951 | +12.5% |
| Turnover | 70 | €25,299 | - | -€25,299 | |
| Goods, raw materials, services and sundry goods | 60/61 | €14,463 | - | -€14,463 | |
| Other operating charges | 640/8 | €26,319 | €50 | -€26,269 | -99.8% |
| Non-recurring operating charges | 66A | - | €45 | +€45 | |
| Gross operating margin | 9900 | €10,836 | -€1,802 | -€12,638 | |
| Operating profit (loss) | 9901 | -€15,483 | -€1,897 | +€13,586 | +87.7% |
| Financial charges | 65/66B | €44 | - | -€44 | |
| Recurring financial charges | 65 | €44 | - | -€44 | |
| Profit (loss) for the period before taxes | 9903 | -€15,527 | -€1,897 | +€13,630 | +87.8% |
| Profit (loss) for the period | 9904 | -€15,527 | -€1,897 | +€13,630 | +87.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,527 | -€1,897 | +€13,630 | +87.8% |
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 22 October 2026 via checked.be.