E-SEA: what changed
Two fiscal 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.
E-SEA
Largest movements
- Receivables within one year -€5,115
down €5,115 (-100.0%), from €5,115 to €0
of which Trade receivables: -€5,000
- Deferred charges and accrued income +€147
new in 2025: €147
- Other debts -€218,117
down €218,117 (-91.1%), from €239,510 to €21,394
- Profit (loss) carried forward +€174,328
up €174,328 (+51.3%), from -€340,013 to -€165,685
- Contributions +€37,500
up €37,500 (+60.0%), from €62,500 to €100,000
- Tax, wage and social debts +€21,007
new in 2025: €21,007
- Short-term financial debts -€15,804
down €15,804 (-48.4%), from €32,677 to €16,874
- Gross operating margin +€192,215
up €192,215 (+56866.6%), from €338 to €192,553
- Taxes +€14,300
new in 2025: €14,300
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,115 | €147 | -€4,968 | -97.1% |
| Current assets | 29/58 | €5,115 | €147 | -€4,968 | -97.1% |
| Amounts receivable within one year | 40/41 | €5,115 | €0 | -€5,115 | -100.0% |
| Trade receivables | 40 | €5,000 | €0 | -€5,000 | -100.0% |
| Other amounts receivable | 41 | €115 | €0 | -€115 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €147 | +€147 | |
| Total equity and liabilities | 10/49 | €5,115 | €147 | -€4,968 | -97.1% |
| Equity | 10/15 | -€272,073 | -€60,245 | +€211,828 | +77.9% |
| Contributions | 10/11 | €62,500 | €100,000 | +€37,500 | +60.0% |
| Capital | 10 | €62,500 | €100,000 | +€37,500 | +60.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Uncalled capital | 101 | €37,500 | €0 | -€37,500 | -100.0% |
| Reserves | 13 | €5,440 | €5,440 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,440 | €5,440 | = | 0.0% |
| Legal reserve | 130 | €5,440 | €5,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€340,013 | -€165,685 | +€174,328 | +51.3% |
| Amounts payable | 17/49 | €277,188 | €60,392 | -€216,795 | -78.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €277,188 | €60,392 | -€216,795 | -78.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €32,677 | €16,874 | -€15,804 | -48.4% |
| Credit institutions | 430/8 | €32,677 | €16,874 | -€15,804 | -48.4% |
| Trade debts | 44 | €5,000 | €1,117 | -€3,883 | -77.7% |
| Suppliers | 440/4 | €5,000 | €1,117 | -€3,883 | -77.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €21,007 | +€21,007 | |
| Taxes | 450/3 | - | €21,007 | +€21,007 | |
| Other amounts payable | 47/48 | €239,510 | €21,394 | -€218,117 | -91.1% |
| Non-recurring operating income | 76A | €2,213 | €60,617 | +€58,403 | +2638.7% |
| Other operating charges | 640/8 | €525 | €387 | -€137 | -26.2% |
| Gross operating margin | 9900 | €338 | €192,553 | +€192,215 | +56866.6% |
| Operating profit (loss) | 9901 | -€187 | €192,166 | +€192,352 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,672 | €3,538 | -€1,134 | -24.3% |
| Recurring financial charges | 65 | €4,672 | €3,538 | -€1,134 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,859 | €188,628 | +€193,487 | |
| Income taxes | 67/77 | - | €14,300 | +€14,300 | |
| Profit (loss) for the period | 9904 | -€4,859 | €174,328 | +€179,187 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,859 | €174,328 | +€179,187 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.