ALL SEALS: 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.
ALL SEALS
Largest movements
- Receivables within one year -€70,073
down €70,073 (-99.6%), from €70,323 to €250
of which Trade receivables: -€68,761
- Cash +€58,796
up €58,796 (+943.9%), from €6,229 to €65,025
mainly Receivables within one year (+€70,073) and Depreciation (+€840)
- Tangible fixed assets -€840
down €840 (-70.6%), from €1,190 to €350
- Reserves -€10,000
down €10,000 (-18.1%), from €55,360 to €45,360
of which Distributable reserves: -€10,000
- Trade debts -€1,909
down €1,909 (-57.0%), from €3,349 to €1,440
- Gross operating margin -€70,673
down €70,673, from €61,302 to -€9,371
- Staff costs -€45,514
down €45,514, from €45,493 to -€20
- Financial income +€886
up €886 (+1759.2%), from €50 to €936
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 | €77,742 | €65,625 | -€12,117 | -15.6% |
| Fixed assets | 21/28 | €1,190 | €350 | -€840 | -70.6% |
| Tangible fixed assets | 22/27 | €1,190 | €350 | -€840 | -70.6% |
| Furniture and vehicles | 24 | €1,190 | €350 | -€840 | -70.6% |
| Current assets | 29/58 | €76,552 | €65,275 | -€11,277 | -14.7% |
| Amounts receivable within one year | 40/41 | €70,323 | €250 | -€70,073 | -99.6% |
| Trade receivables | 40 | €68,761 | - | -€68,761 | |
| Other amounts receivable | 41 | €1,562 | €250 | -€1,312 | -84.0% |
| Cash at bank and in hand | 54/58 | €6,229 | €65,025 | +€58,796 | +943.9% |
| Total equity and liabilities | 10/49 | €77,742 | €65,625 | -€12,117 | -15.6% |
| Equity | 10/15 | €74,104 | €64,185 | -€9,919 | -13.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €55,360 | €45,360 | -€10,000 | -18.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €53,500 | €43,500 | -€10,000 | -18.7% |
| Profit (loss) carried forward | 14 | €152 | €233 | +€81 | +53.0% |
| Amounts payable | 17/49 | €3,638 | €1,440 | -€2,198 | -60.4% |
| Amounts payable within one year | 42/48 | €3,638 | €1,440 | -€2,198 | -60.4% |
| Trade debts | 44 | €3,349 | €1,440 | -€1,909 | -57.0% |
| Suppliers | 440/4 | €3,349 | €1,440 | -€1,909 | -57.0% |
| Taxes, remuneration and social security | 45 | €289 | - | -€289 | |
| Taxes | 450/3 | €289 | - | -€289 | |
| Remuneration, social security and pensions | 62 | €45,493 | -€20 | -€45,514 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €840 | €840 | = | 0.0% |
| Other operating charges | 640/8 | €733 | €544 | -€189 | -25.8% |
| Gross operating margin | 9900 | €61,302 | -€9,371 | -€70,673 | |
| Operating profit (loss) | 9901 | €14,236 | -€10,734 | -€24,970 | |
| Financial income | 75/76B | €50 | €936 | +€886 | +1759.2% |
| Recurring financial income | 75 | €50 | €936 | +€886 | +1759.2% |
| Financial charges | 65/66B | €239 | €121 | -€118 | -49.4% |
| Recurring financial charges | 65 | €239 | €121 | -€118 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €14,047 | -€9,919 | -€23,966 | |
| Income taxes | 67/77 | €289 | - | -€289 | |
| Profit (loss) for the period | 9904 | €13,758 | -€9,919 | -€23,677 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,758 | -€9,919 | -€23,677 |
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 11 October 2026 via checked.be.