S.E.A. DECO: 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.
S.E.A. DECO
Largest movements
- Receivables within one year -€42,967
down €42,967 (-69.3%), from €62,040 to €19,073
of which Trade receivables: -€33,433
- Tangible fixed assets -€18,436
down €18,436 (-54.0%), from €34,152 to €15,715
- Short-term financial debts -€22,464
down €22,464 (-93.5%), from €24,031 to €1,567
- Tax, wage and social debts -€20,923
down €20,923 (-76.9%), from €27,200 to €6,277
of which Remuneration and social security: -€27,200
- Debts after one year -€10,966
down €10,966 (-48.7%), from €22,499 to €11,533
- Other debts -€9,934
down €9,934 (-19.7%), from €50,465 to €40,531
- Trade debts +€5,473
up €5,473 (+12.5%), from €43,952 to €49,425
- Staff costs -€33,600
no longer reported in 2025 (was €33,600)
- Gross operating margin +€29,650
up €29,650 (+245.2%), from €12,094 to €41,744
- Write-downs +€21,392
new in 2025: €21,392
- Depreciation -€14,844
down €14,844 (-44.6%), from €33,280 to €18,436
- Turnover -€7,597
down €7,597 (-27.2%), from €27,885 to €20,288
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 | €96,192 | €34,788 | -€61,404 | -63.8% |
| Fixed assets | 21/28 | €34,152 | €15,715 | -€18,436 | -54.0% |
| Tangible fixed assets | 22/27 | €34,152 | €15,715 | -€18,436 | -54.0% |
| Land and buildings | 22 | €11,887 | €6,643 | -€5,244 | -44.1% |
| Plant, machinery and equipment | 23 | €9,166 | €0 | -€9,166 | -100.0% |
| Furniture and vehicles | 24 | €13,099 | €9,073 | -€4,026 | -30.7% |
| Current assets | 29/58 | €62,040 | €19,073 | -€42,967 | -69.3% |
| Amounts receivable within one year | 40/41 | €62,040 | €19,073 | -€42,967 | -69.3% |
| Trade receivables | 40 | €52,506 | €19,073 | -€33,433 | -63.7% |
| Other amounts receivable | 41 | €9,534 | - | -€9,534 | |
| Total equity and liabilities | 10/49 | €96,192 | €34,788 | -€61,404 | -63.8% |
| Equity | 10/15 | -€77,657 | -€80,519 | -€2,862 | -3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,717 | -€98,579 | -€2,862 | -3.0% |
| Amounts payable | 17/49 | €173,849 | €115,308 | -€58,542 | -33.7% |
| Amounts payable after more than one year | 17 | €22,499 | €11,533 | -€10,966 | -48.7% |
| Financial debts | 170/4 | €22,499 | €11,533 | -€10,966 | -48.7% |
| Amounts payable within one year | 42/48 | €151,350 | €103,774 | -€47,576 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €5,703 | €5,976 | +€273 | +4.8% |
| Financial debts | 43 | €24,031 | €1,567 | -€22,464 | -93.5% |
| Credit institutions | 430/8 | €24,031 | €1,567 | -€22,464 | -93.5% |
| Trade debts | 44 | €43,952 | €49,425 | +€5,473 | +12.5% |
| Suppliers | 440/4 | €43,952 | €49,425 | +€5,473 | +12.5% |
| Taxes, remuneration and social security | 45 | €27,200 | €6,277 | -€20,923 | -76.9% |
| Taxes | 450/3 | - | €6,277 | +€6,277 | |
| Remuneration and social security | 454/9 | €27,200 | - | -€27,200 | |
| Other amounts payable | 47/48 | €50,465 | €40,531 | -€9,934 | -19.7% |
| Turnover | 70 | €27,885 | €20,288 | -€7,597 | -27.2% |
| Non-recurring operating income | 76A | - | €32,929 | +€32,929 | |
| Goods, raw materials, services and sundry goods | 60/61 | €15,791 | €11,472 | -€4,319 | -27.4% |
| Remuneration, social security and pensions | 62 | €33,600 | - | -€33,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,280 | €18,436 | -€14,844 | -44.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,392 | +€21,392 | |
| Other operating charges | 640/8 | €664 | €527 | -€137 | -20.6% |
| Gross operating margin | 9900 | €12,094 | €41,744 | +€29,650 | +245.2% |
| Operating profit (loss) | 9901 | -€55,450 | €1,389 | +€56,839 | |
| Financial charges | 65/66B | €4,567 | €4,251 | -€316 | -6.9% |
| Recurring financial charges | 65 | €4,567 | €4,251 | -€316 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€60,016 | -€2,862 | +€57,154 | +95.2% |
| Profit (loss) for the period | 9904 | -€60,016 | -€2,862 | +€57,154 | +95.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,016 | -€2,862 | +€57,154 | +95.2% |
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 5 October 2026 via checked.be.