DVS Seamtech: 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.
DVS Seamtech
Largest movements
- Cash -€86,116
down €86,116 (-67.6%), from €127,425 to €41,309
mainly Net result for the year (-€79,979) and Investment in fixed assets (net) (-€38,525)
- Receivables within one year -€56,375
down €56,375 (-47.2%), from €119,345 to €62,971
of which Trade receivables: -€33,166
- Deferred charges and accrued income +€31,336
up €31,336 (+4,439%), from €706 to €32,042
- Tangible fixed assets -€10,231
down €10,231 (-4.7%), from €216,656 to €206,425
of which Leasing and similar rights: -€20,460
- Intangible fixed assets -€7,502
down €7,502 (-22.3%), from €33,593 to €26,091
- Profit (loss) carried forward -€79,979
down €79,979, from €70,352 to -€9,627
- Other debts -€25,001
down €25,001 (-45.2%), from €55,324 to €30,322
- Tax, wage and social debts +€21,793
up €21,793 (+185%), from €11,750 to €33,542
of which Remuneration and social security: +€21,003
- Debts after one year -€17,960
down €17,960 (-14.9%), from €120,291 to €102,331
- Current portion of long-term debt -€17,750
down €17,750 (-22.8%), from €77,983 to €60,234
- Gross operating margin -€106,523
down €106,523 (-15.6%), from €681,631 to €575,108
- Staff costs +€47,075
up €47,075 (+8.9%), from €528,669 to €575,744
- Taxes -€25,939
down €25,939 (-96.6%), from €26,840 to €901
- Depreciation +€9,252
up €9,252 (+19.7%), from €47,006 to €56,258
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 | €552,724 | €423,838 | -€128,887 | -23.3% |
| Fixed assets | 21/28 | €250,248 | €232,516 | -€17,733 | -7.1% |
| Intangible fixed assets | 21 | €33,593 | €26,091 | -€7,502 | -22.3% |
| Tangible fixed assets | 22/27 | €216,656 | €206,425 | -€10,231 | -4.7% |
| Land and buildings | 22 | €91,012 | €81,658 | -€9,355 | -10.3% |
| Plant, machinery and equipment | 23 | €16,767 | €16,613 | -€154 | -0.9% |
| Furniture and vehicles | 24 | €25,594 | €46,693 | +€21,099 | +82.4% |
| Leasing and similar rights | 25 | €80,057 | €59,596 | -€20,460 | -25.6% |
| Other tangible fixed assets | 26 | €3,225 | €1,865 | -€1,360 | -42.2% |
| Current assets | 29/58 | €302,476 | €191,322 | -€111,154 | -36.7% |
| Stocks and contracts in progress | 3 | €55,000 | €55,000 | = | 0.0% |
| Stocks | 30/36 | €55,000 | €55,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €119,345 | €62,971 | -€56,375 | -47.2% |
| Trade receivables | 40 | €74,542 | €41,376 | -€33,166 | -44.5% |
| Other amounts receivable | 41 | €44,803 | €21,594 | -€23,209 | -51.8% |
| Cash at bank and in hand | 54/58 | €127,425 | €41,309 | -€86,116 | -67.6% |
| Deferred charges and accrued income | 490/1 | €706 | €32,042 | +€31,336 | +4,439% |
| Total equity and liabilities | 10/49 | €552,724 | €423,838 | -€128,887 | -23.3% |
| Equity | 10/15 | €248,601 | €168,622 | -€79,979 | -32.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €165,849 | €165,849 | = | 0.0% |
| Distributable reserves | 133 | €165,849 | €165,849 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,352 | -€9,627 | -€79,979 | |
| Amounts payable | 17/49 | €304,123 | €255,216 | -€48,907 | -16.1% |
| Amounts payable after more than one year | 17 | €120,291 | €102,331 | -€17,960 | -14.9% |
| Financial debts | 170/4 | €120,291 | €102,331 | -€17,960 | -14.9% |
| Amounts payable within one year | 42/48 | €146,049 | €124,098 | -€21,951 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €77,983 | €60,234 | -€17,750 | -22.8% |
| Trade debts | 44 | €992 | - | -€992 | |
| Suppliers | 440/4 | €992 | - | -€992 | |
| Taxes, remuneration and social security | 45 | €11,750 | €33,542 | +€21,793 | +185% |
| Taxes | 450/3 | €8,393 | €9,182 | +€789 | +9.4% |
| Remuneration and social security | 454/9 | €3,357 | €24,360 | +€21,003 | +626% |
| Other amounts payable | 47/48 | €55,324 | €30,322 | -€25,001 | -45.2% |
| Accrued charges and deferred income | 492/3 | €37,783 | €28,786 | -€8,997 | -23.8% |
| Remuneration, social security and pensions | 62 | €528,669 | €575,744 | +€47,075 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,006 | €56,258 | +€9,252 | +19.7% |
| Other operating charges | 640/8 | €6,549 | €9,556 | +€3,006 | +45.9% |
| Gross operating margin | 9900 | €681,631 | €575,108 | -€106,523 | -15.6% |
| Operating profit (loss) | 9901 | €99,407 | -€66,450 | -€165,857 | |
| Financial income | 75/76B | €219 | €391 | +€172 | +78.4% |
| Recurring financial income | 75 | €219 | €391 | +€172 | +78.4% |
| Financial charges | 65/66B | €18,291 | €13,020 | -€5,271 | -28.8% |
| Recurring financial charges | 65 | €18,291 | €13,020 | -€5,271 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €81,335 | -€79,079 | -€160,414 | |
| Income taxes | 67/77 | €26,840 | €901 | -€25,939 | -96.6% |
| Profit (loss) for the period | 9904 | €54,495 | -€79,979 | -€134,474 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,495 | -€79,979 | -€134,474 |
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 14 October 2026 via checked.be.