ASSURANCES SEBBAN: 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.
ASSURANCES SEBBAN
Largest movements
- Current investments +€150,000
up €150,000 (+60.0%), from €250,000 to €400,000
- Intangible fixed assets -€41,822
down €41,822 (-59.8%), from €69,895 to €28,073
- Receivables within one year +€18,242
up €18,242 (+1,264%), from €1,443 to €19,685
of which Other amounts receivable: +€19,015
- Cash -€14,577
down €14,577 (-21.3%), from €68,491 to €53,914
mainly Current investments (-€150,000) and Contributions, distributions and other (-€63,500)
- Tangible fixed assets -€9,498
down €9,498 (-13.5%), from €70,588 to €61,090
of which Other tangible fixed assets: -€7,039
- Reserves +€110,000
up €110,000 (+29.4%), from €374,000 to €484,000
- Debts after one year -€21,260
no longer reported in 2025 (was €21,260)
- Tax, wage and social debts +€14,973
up €14,973 (+157%), from €9,525 to €24,498
of which Remuneration and social security: +€13,068
- Current portion of long-term debt -€14,634
down €14,634 (-40.8%), from €35,895 to €21,260
- Other debts +€13,550
up €13,550 (+24.5%), from €55,355 to €68,904
- Staff costs +€63,800
new in 2025: €63,800
- Taxes -€18,742
down €18,742 (-26.1%), from €71,857 to €53,115
- Gross operating margin -€5,988
down €5,988 (-1.7%), from €346,816 to €340,828
- Depreciation +€4,979
up €4,979 (+9.7%), from €51,362 to €56,341
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 | €496,859 | €601,896 | +€105,037 | +21.1% |
| Fixed assets | 21/28 | €140,483 | €89,163 | -€51,320 | -36.5% |
| Intangible fixed assets | 21 | €69,895 | €28,073 | -€41,822 | -59.8% |
| Tangible fixed assets | 22/27 | €70,588 | €61,090 | -€9,498 | -13.5% |
| Furniture and vehicles | 24 | €9,146 | €6,687 | -€2,459 | -26.9% |
| Other tangible fixed assets | 26 | €61,442 | €54,403 | -€7,039 | -11.5% |
| Current assets | 29/58 | €356,377 | €512,733 | +€156,357 | +43.9% |
| Amounts receivable within one year | 40/41 | €1,443 | €19,685 | +€18,242 | +1,264% |
| Trade receivables | 40 | €773 | - | -€773 | |
| Other amounts receivable | 41 | €670 | €19,685 | +€19,015 | +2,838% |
| Current investments | 50/53 | €250,000 | €400,000 | +€150,000 | +60.0% |
| Cash at bank and in hand | 54/58 | €68,491 | €53,914 | -€14,577 | -21.3% |
| Deferred charges and accrued income | 490/1 | €36,443 | €39,134 | +€2,691 | +7.4% |
| Total equity and liabilities | 10/49 | €496,859 | €601,896 | +€105,037 | +21.1% |
| Equity | 10/15 | €374,824 | €484,318 | +€109,493 | +29.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €374,000 | €484,000 | +€110,000 | +29.4% |
| Distributable reserves | 133 | €374,000 | €484,000 | +€110,000 | +29.4% |
| Profit (loss) carried forward | 14 | €724 | €218 | -€507 | -69.9% |
| Amounts payable | 17/49 | €122,035 | €117,579 | -€4,456 | -3.7% |
| Amounts payable after more than one year | 17 | €21,260 | - | -€21,260 | |
| Financial debts | 170/4 | €21,260 | - | -€21,260 | |
| Amounts payable within one year | 42/48 | €100,774 | €117,579 | +€16,804 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €35,895 | €21,260 | -€14,634 | -40.8% |
| Trade debts | 44 | €0 | €2,916 | +€2,916 | |
| Suppliers | 440/4 | €0 | €2,916 | +€2,916 | |
| Taxes, remuneration and social security | 45 | €9,525 | €24,498 | +€14,973 | +157% |
| Taxes | 450/3 | €9,525 | €11,430 | +€1,905 | +20.0% |
| Remuneration and social security | 454/9 | - | €13,068 | +€13,068 | |
| Other amounts payable | 47/48 | €55,355 | €68,904 | +€13,550 | +24.5% |
| Remuneration, social security and pensions | 62 | - | €63,800 | +€63,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,362 | €56,341 | +€4,979 | +9.7% |
| Other operating charges | 640/8 | €387 | €513 | +€125 | +32.4% |
| Gross operating margin | 9900 | €346,816 | €340,828 | -€5,988 | -1.7% |
| Operating profit (loss) | 9901 | €295,066 | €220,174 | -€74,892 | -25.4% |
| Financial income | 75/76B | €8,426 | €7,099 | -€1,327 | -15.7% |
| Recurring financial income | 75 | €8,426 | €7,099 | -€1,327 | -15.7% |
| Financial charges | 65/66B | €1,577 | €1,165 | -€412 | -26.1% |
| Recurring financial charges | 65 | €1,577 | €1,165 | -€412 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €301,915 | €226,108 | -€75,807 | -25.1% |
| Income taxes | 67/77 | €71,857 | €53,115 | -€18,742 | -26.1% |
| Profit (loss) for the period | 9904 | €230,058 | €172,993 | -€57,065 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €230,058 | €172,993 | -€57,065 | -24.8% |
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 24 October 2026 via checked.be.