SEA BLAN: 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.
SEA BLAN
Largest movements
- Cash +€45,679
up €45,679 (+31.0%), from €147,152 to €192,831
mainly Depreciation (+€30,251) and Net result for the year (+€19,105)
- Tangible fixed assets -€21,566
down €21,566 (-3.7%), from €585,594 to €564,028
of which Land and buildings: -€21,566
- Profit (loss) carried forward +€19,105
up €19,105 (+737%), from €2,591 to €21,696
- Debts after one year +€7,799
up €7,799 (+1.7%), from €445,683 to €453,482
- Taxes +€1,508
up €1,508 (+24.1%), from €6,262 to €7,770
- Other operating charges +€1,429
up €1,429 (+28.7%), from €4,987 to €6,416
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 | €735,704 | €756,971 | +€21,267 | +2.9% |
| Fixed assets | 21/28 | €585,594 | €564,028 | -€21,566 | -3.7% |
| Tangible fixed assets | 22/27 | €585,594 | €564,028 | -€21,566 | -3.7% |
| Land and buildings | 22 | €582,968 | €561,402 | -€21,566 | -3.7% |
| Other tangible fixed assets | 26 | €2,626 | €2,626 | = | 0.0% |
| Current assets | 29/58 | €150,110 | €192,943 | +€42,834 | +28.5% |
| Amounts receivable within one year | 40/41 | €2,846 | €0 | -€2,846 | -100% |
| Other amounts receivable | 41 | €2,846 | €0 | -€2,846 | -100% |
| Cash at bank and in hand | 54/58 | €147,152 | €192,831 | +€45,679 | +31.0% |
| Deferred charges and accrued income | 490/1 | €112 | €112 | +€1 | +0.7% |
| Total equity and liabilities | 10/49 | €735,704 | €756,971 | +€21,267 | +2.9% |
| Equity | 10/15 | €277,591 | €296,696 | +€19,105 | +6.9% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,591 | €21,696 | +€19,105 | +737% |
| Amounts payable | 17/49 | €458,113 | €460,275 | +€2,162 | +0.5% |
| Amounts payable after more than one year | 17 | €445,683 | €453,482 | +€7,799 | +1.7% |
| Financial debts | 170/4 | €445,683 | €453,482 | +€7,799 | +1.7% |
| Amounts payable within one year | 42/48 | €11,605 | €6,658 | -€4,947 | -42.6% |
| Trade debts | 44 | €8,320 | €2,545 | -€5,775 | -69.4% |
| Suppliers | 440/4 | €8,320 | €2,545 | -€5,775 | -69.4% |
| Taxes, remuneration and social security | 45 | €3,285 | €4,113 | +€827 | +25.2% |
| Taxes | 450/3 | €3,285 | €4,113 | +€827 | +25.2% |
| Accrued charges and deferred income | 492/3 | €825 | €135 | -€690 | -83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,215 | €30,251 | +€37 | +0.1% |
| Other operating charges | 640/8 | €4,987 | €6,416 | +€1,429 | +28.7% |
| Gross operating margin | 9900 | €74,643 | €74,834 | +€191 | +0.3% |
| Operating profit (loss) | 9901 | €39,442 | €38,167 | -€1,275 | -3.2% |
| Financial income | 75/76B | €362 | €0 | -€362 | -100% |
| Recurring financial income | 75 | €362 | €0 | -€362 | -100% |
| Financial charges | 65/66B | €11,085 | €11,292 | +€207 | +1.9% |
| Recurring financial charges | 65 | €11,085 | €11,292 | +€207 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €28,718 | €26,875 | -€1,843 | -6.4% |
| Income taxes | 67/77 | €6,262 | €7,770 | +€1,508 | +24.1% |
| Profit (loss) for the period | 9904 | €22,456 | €19,105 | -€3,351 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,456 | €19,105 | -€3,351 | -14.9% |
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 25 October 2026 via checked.be.