S.E.B. COMPANY: 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.B. COMPANY
Largest movements
- Tangible fixed assets -€6,279
down €6,279 (-29.8%), from €21,035 to €14,757
- Receivables within one year -€2,621
down €2,621 (-42.9%), from €6,109 to €3,488
of which Other amounts receivable: -€2,901
- Cash +€1,582
up €1,582 (+77.8%), from €2,033 to €3,615
mainly Depreciation (+€6,279) and Other debts (+€3,396)
- Debts after one year -€6,365
down €6,365 (-60.3%), from €10,560 to €4,194
- Other debts +€3,396
up €3,396 (+27.3%), from €12,439 to €15,835
- Trade debts -€2,689
down €2,689 (-41.9%), from €6,422 to €3,733
- Profit (loss) carried forward -€1,507
down €1,507 (-18.5%), from -€8,141 to -€9,648
- Gross operating margin +€6,974
up €6,974 (+6,269%), from €111 to €7,085
- Other operating charges -€2,548
down €2,548 (-70.5%), from €3,616 to €1,068
- Financial income -€1,833
down €1,833 (-96.0%), from €1,909 to €76
- Financial charges -€1,469
down €1,469 (-56.7%), from €2,591 to €1,122
of which Non-recurring financial charges: -€770
- Taxes +€201
new in 2025: €201
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 | €29,975 | €22,681 | -€7,294 | -24.3% |
| Fixed assets | 21/28 | €21,260 | €14,982 | -€6,279 | -29.5% |
| Tangible fixed assets | 22/27 | €21,035 | €14,757 | -€6,279 | -29.8% |
| Furniture and vehicles | 24 | €21,035 | €14,757 | -€6,279 | -29.8% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €8,714 | €7,699 | -€1,015 | -11.7% |
| Amounts receivable within one year | 40/41 | €6,109 | €3,488 | -€2,621 | -42.9% |
| Trade receivables | 40 | €2,517 | €2,797 | +€280 | +11.1% |
| Other amounts receivable | 41 | €3,592 | €691 | -€2,901 | -80.8% |
| Cash at bank and in hand | 54/58 | €2,033 | €3,615 | +€1,582 | +77.8% |
| Deferred charges and accrued income | 490/1 | €572 | €596 | +€24 | +4.1% |
| Total equity and liabilities | 10/49 | €29,975 | €22,681 | -€7,294 | -24.3% |
| Equity | 10/15 | -€6,141 | -€7,648 | -€1,507 | -24.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,141 | -€9,648 | -€1,507 | -18.5% |
| Amounts payable | 17/49 | €36,115 | €30,329 | -€5,787 | -16.0% |
| Amounts payable after more than one year | 17 | €10,560 | €4,194 | -€6,365 | -60.3% |
| Financial debts | 170/4 | €10,560 | €4,194 | -€6,365 | -60.3% |
| Amounts payable within one year | 42/48 | €25,556 | €26,134 | +€579 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €6,641 | €6,365 | -€276 | -4.2% |
| Trade debts | 44 | €6,422 | €3,733 | -€2,689 | -41.9% |
| Suppliers | 440/4 | €6,422 | €3,733 | -€2,689 | -41.9% |
| Taxes, remuneration and social security | 45 | €53 | €201 | +€148 | +279% |
| Taxes | 450/3 | €53 | €201 | +€148 | +279% |
| Other amounts payable | 47/48 | €12,439 | €15,835 | +€3,396 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,231 | €6,279 | +€47 | +0.8% |
| Other operating charges | 640/8 | €3,616 | €1,068 | -€2,548 | -70.5% |
| Gross operating margin | 9900 | €111 | €7,085 | +€6,974 | +6,269% |
| Operating profit (loss) | 9901 | -€9,736 | -€261 | +€9,475 | +97.3% |
| Financial income | 75/76B | €1,909 | €76 | -€1,833 | -96.0% |
| Recurring financial income | 75 | €1,909 | €76 | -€1,833 | -96.0% |
| Financial charges | 65/66B | €2,591 | €1,122 | -€1,469 | -56.7% |
| Recurring financial charges | 65 | €1,822 | €1,122 | -€700 | -38.4% |
| Non-recurring financial charges | 66B | €770 | - | -€770 | |
| Profit (loss) for the period before taxes | 9903 | -€10,418 | -€1,307 | +€9,111 | +87.5% |
| Income taxes | 67/77 | - | €201 | +€201 | |
| Profit (loss) for the period | 9904 | -€10,418 | -€1,507 | +€8,911 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,418 | -€1,507 | +€8,911 | +85.5% |
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 26 October 2026 via checked.be.