Sea Bytes: 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 Bytes
Largest movements
- Cash +€81,233
up €81,233 (+246%), from €33,083 to €114,316
mainly Net result for the year (+€64,016) and Receivables within one year (+€13,843)
- Receivables within one year -€13,843
down €13,843 (-60.1%), from €23,040 to €9,197
of which Trade receivables: -€12,599
- Deferred charges and accrued income -€2,910
no longer reported in 2025 (was €2,910)
- Reserves +€121,224
new in 2025: €121,224
- Profit (loss) carried forward -€57,207
no longer reported in 2025 (was €57,207)
- Financial charges -€2,613
down €2,613 (-61.7%), from €4,235 to €1,623
- Taxes +€1,698
up €1,698 (+11.4%), from €14,893 to €16,591
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 | €59,972 | €124,813 | +€64,841 | +108% |
| Fixed assets | 21/28 | €940 | €1,300 | +€361 | +38.4% |
| Tangible fixed assets | 22/27 | €940 | €1,300 | +€361 | +38.4% |
| Plant, machinery and equipment | 23 | €940 | €1,043 | +€103 | +11.0% |
| Furniture and vehicles | 24 | - | €257 | +€257 | |
| Current assets | 29/58 | €59,033 | €123,513 | +€64,480 | +109% |
| Amounts receivable within one year | 40/41 | €23,040 | €9,197 | -€13,843 | -60.1% |
| Trade receivables | 40 | €20,594 | €7,995 | -€12,599 | -61.2% |
| Other amounts receivable | 41 | €2,446 | €1,202 | -€1,244 | -50.8% |
| Cash at bank and in hand | 54/58 | €33,083 | €114,316 | +€81,233 | +246% |
| Deferred charges and accrued income | 490/1 | €2,910 | - | -€2,910 | |
| Total equity and liabilities | 10/49 | €59,972 | €124,813 | +€64,841 | +108% |
| Equity | 10/15 | €59,707 | €123,724 | +€64,016 | +107% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €121,224 | +€121,224 | |
| Distributable reserves | 133 | - | €121,224 | +€121,224 | |
| Profit (loss) carried forward | 14 | €57,207 | - | -€57,207 | |
| Amounts payable | 17/49 | €265 | €1,090 | +€825 | +311% |
| Amounts payable within one year | 42/48 | €265 | €1,090 | +€825 | +311% |
| Trade debts | 44 | €265 | €1,090 | +€825 | +311% |
| Suppliers | 440/4 | €265 | €1,090 | +€825 | +311% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | €426 | +€187 | +77.9% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €82,250 | €82,718 | +€469 | +0.6% |
| Operating profit (loss) | 9901 | €81,948 | €82,230 | +€282 | +0.3% |
| Financial income | 75/76B | €50 | - | -€50 | |
| Recurring financial income | 75 | €50 | - | -€50 | |
| Financial charges | 65/66B | €4,235 | €1,623 | -€2,613 | -61.7% |
| Recurring financial charges | 65 | €4,235 | €1,623 | -€2,613 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €77,763 | €80,607 | +€2,844 | +3.7% |
| Income taxes | 67/77 | €14,893 | €16,591 | +€1,698 | +11.4% |
| Profit (loss) for the period | 9904 | €62,870 | €64,016 | +€1,146 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,870 | €64,016 | +€1,146 | +1.8% |
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 18 October 2026 via checked.be.