AT SEA: what changed
AT SEA
Largest movements
- Cash +€34,194
up €34,194 (+34.7%), from €98,547 to €132,741
mainly Net result for the year (+€35,771) and Depreciation (+€26,534)
- Tangible fixed assets +€31,750
up €31,750 (+54.1%), from €58,697 to €90,447
of which Furniture and vehicles: +€40,660
- Receivables within one year -€8,158
down €8,158 (-88.5%), from €9,216 to €1,058
of which Trade receivables: -€8,115
- Deferred charges and accrued income +€4,533
up €4,533 (+280%), from €1,620 to €6,154
- Profit (loss) carried forward +€26,293
up €26,293, from -€26,293 to €0
- Debts after one year +€12,966
up €12,966 (+118%), from €11,029 to €23,995
- Current portion of long-term debt +€7,941
up €7,941 (+77.0%), from €10,313 to €18,254
- Reserves +€7,760
up €7,760 (+5.3%), from €147,084 to €154,844
- Tax, wage and social debts +€5,753
up €5,753 (+31.7%), from €18,177 to €23,931
of which Taxes: +€4,570
- Gross operating margin +€43,152
up €43,152 (+65.5%), from €65,898 to €109,051
- Taxes +€8,082
up €8,082 (+1,555%), from €520 to €8,601
- Depreciation -€5,303
down €5,303 (-16.7%), from €31,837 to €26,534
- Staff costs +€2,780
up €2,780 (+9.0%), from €30,859 to €33,639
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,409 | €265,976 | +€63,567 | +31.4% |
| Fixed assets | 21/28 | €70,697 | €102,447 | +€31,750 | +44.9% |
| Tangible fixed assets | 22/27 | €58,697 | €90,447 | +€31,750 | +54.1% |
| Land and buildings | 22 | €16,923 | €14,251 | -€2,671 | -15.8% |
| Plant, machinery and equipment | 23 | €17,822 | €11,583 | -€6,239 | -35.0% |
| Furniture and vehicles | 24 | €23,953 | €64,613 | +€40,660 | +170% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €131,712 | €163,529 | +€31,817 | +24.2% |
| Stocks and contracts in progress | 3 | €22,329 | €23,577 | +€1,248 | +5.6% |
| Stocks | 30/36 | €22,329 | €23,577 | +€1,248 | +5.6% |
| Amounts receivable within one year | 40/41 | €9,216 | €1,058 | -€8,158 | -88.5% |
| Trade receivables | 40 | €9,123 | €1,008 | -€8,115 | -89.0% |
| Other amounts receivable | 41 | €93 | €50 | -€43 | -46.7% |
| Cash at bank and in hand | 54/58 | €98,547 | €132,741 | +€34,194 | +34.7% |
| Deferred charges and accrued income | 490/1 | €1,620 | €6,154 | +€4,533 | +280% |
| Total equity and liabilities | 10/49 | €202,409 | €265,976 | +€63,567 | +31.4% |
| Equity | 10/15 | €139,390 | €173,444 | +€34,053 | +24.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €147,084 | €154,844 | +€7,760 | +5.3% |
| Distributable reserves | 133 | €147,084 | €154,844 | +€7,760 | +5.3% |
| Profit (loss) carried forward | 14 | -€26,293 | €0 | +€26,293 | |
| Amounts payable | 17/49 | €63,019 | €92,533 | +€29,514 | +46.8% |
| Amounts payable after more than one year | 17 | €11,029 | €23,995 | +€12,966 | +118% |
| Financial debts | 170/4 | €11,029 | €23,995 | +€12,966 | +118% |
| Amounts payable within one year | 42/48 | €50,086 | €66,214 | +€16,128 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €10,313 | €18,254 | +€7,941 | +77.0% |
| Trade debts | 44 | €13,082 | €12,532 | -€550 | -4.2% |
| Suppliers | 440/4 | €13,082 | €12,532 | -€550 | -4.2% |
| Taxes, remuneration and social security | 45 | €18,177 | €23,931 | +€5,753 | +31.7% |
| Taxes | 450/3 | €11,552 | €16,121 | +€4,570 | +39.6% |
| Remuneration and social security | 454/9 | €6,626 | €7,809 | +€1,184 | +17.9% |
| Other amounts payable | 47/48 | €8,514 | €11,497 | +€2,984 | +35.0% |
| Accrued charges and deferred income | 492/3 | €1,904 | €2,323 | +€420 | +22.1% |
| Non-recurring operating income | 76A | - | €11,761 | +€11,761 | |
| Remuneration, social security and pensions | 62 | €30,859 | €33,639 | +€2,780 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,837 | €26,534 | -€5,303 | -16.7% |
| Other operating charges | 640/8 | €2,781 | €2,485 | -€296 | -10.6% |
| Gross operating margin | 9900 | €65,898 | €109,051 | +€43,152 | +65.5% |
| Operating profit (loss) | 9901 | €421 | €46,392 | +€45,971 | +10,915% |
| Financial income | 75/76B | €965 | €186 | -€778 | -80.7% |
| Recurring financial income | 75 | €965 | €186 | -€778 | -80.7% |
| Financial charges | 65/66B | €1,854 | €2,206 | +€352 | +19.0% |
| Recurring financial charges | 65 | €1,854 | €2,206 | +€352 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | -€468 | €44,373 | +€44,840 | |
| Income taxes | 67/77 | €520 | €8,601 | +€8,082 | +1,555% |
| Profit (loss) for the period | 9904 | -€988 | €35,771 | +€36,759 | |
| Profit (loss) for the period to be appropriated | 9905 | -€988 | €35,771 | +€36,759 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.