S.E.A.M. -D: 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.
S.E.A.M. -D
Largest movements
- Tangible fixed assets -€8,333
no longer reported in 2024 (was €8,333)
of which Plant, machinery and equipment: -€8,121
- Cash -€3,711
down €3,711 (-24.1%), from €15,379 to €11,668
mainly Net result for the year (-€10,919) and Other debts (-€2,576)
- Receivables within one year -€2,917
down €2,917 (-99.9%), from €2,921 to €4
of which Trade receivables: -€2,921
- Profit (loss) carried forward -€10,919
down €10,919 (-94.1%), from €11,601 to €682
- Other debts -€2,576
down €2,576 (-47.7%), from €5,397 to €2,821
- Tax, wage and social debts -€1,471
no longer reported in 2024 (was €1,471)
- Other operating charges +€7,949
up €7,949 (+2,068%), from €384 to €8,333
- Gross operating margin -€7,255
down €7,255, from €4,812 to -€2,444
- Depreciation -€2,541
no longer reported in 2024 (was €2,541)
- Financial charges -€148
down €148 (-51.1%), from €290 to €142
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,633 | €11,672 | -€14,962 | -56.2% |
| Fixed assets | 21/28 | €8,333 | - | -€8,333 | |
| Tangible fixed assets | 22/27 | €8,333 | - | -€8,333 | |
| Plant, machinery and equipment | 23 | €8,121 | - | -€8,121 | |
| Furniture and vehicles | 24 | €213 | - | -€213 | |
| Current assets | 29/58 | €18,300 | €11,672 | -€6,628 | -36.2% |
| Amounts receivable within one year | 40/41 | €2,921 | €4 | -€2,917 | -99.9% |
| Trade receivables | 40 | €2,921 | - | -€2,921 | |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Cash at bank and in hand | 54/58 | €15,379 | €11,668 | -€3,711 | -24.1% |
| Total equity and liabilities | 10/49 | €26,633 | €11,672 | -€14,962 | -56.2% |
| Equity | 10/15 | €19,657 | €8,739 | -€10,919 | -55.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,601 | €682 | -€10,919 | -94.1% |
| Amounts payable | 17/49 | €6,976 | €2,933 | -€4,043 | -58.0% |
| Amounts payable within one year | 42/48 | €6,976 | €2,933 | -€4,043 | -58.0% |
| Trade debts | 44 | €109 | €113 | +€4 | +3.3% |
| Suppliers | 440/4 | €109 | €113 | +€4 | +3.3% |
| Taxes, remuneration and social security | 45 | €1,471 | - | -€1,471 | |
| Taxes | 450/3 | €1,471 | - | -€1,471 | |
| Other amounts payable | 47/48 | €5,397 | €2,821 | -€2,576 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,541 | - | -€2,541 | |
| Other operating charges | 640/8 | €384 | €8,333 | +€7,949 | +2,068% |
| Gross operating margin | 9900 | €4,812 | -€2,444 | -€7,255 | |
| Operating profit (loss) | 9901 | €1,887 | -€10,777 | -€12,664 | |
| Financial charges | 65/66B | €290 | €142 | -€148 | -51.1% |
| Recurring financial charges | 65 | €290 | €142 | -€148 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €1,597 | -€10,919 | -€12,516 | |
| Profit (loss) for the period | 9904 | €1,597 | -€10,919 | -€12,516 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,597 | -€10,919 | -€12,516 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.