SEA CAPITAL: 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 CAPITAL
Largest movements
- Cash -€22
down €22 (-37.1%), from €60 to €38
mainly Net result for the year (-€942) and Contributions, distributions and other (-€0)
- Profit (loss) carried forward -€942
down €942 (-1.4%), from -€65,863 to -€66,805
- Other debts +€920
up €920 (+2.1%), from €43,839 to €44,759
- Gross operating margin +€192
up €192 (+17.9%), from -€1,074 to -€882
- Other operating charges -€115
no longer reported in 2025 (was €115)
- Financial charges -€74
down €74 (-55.4%), from €134 to €60
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 | €60 | €38 | -€22 | -37.1% |
| Current assets | 29/58 | €60 | €38 | -€22 | -37.1% |
| Cash at bank and in hand | 54/58 | €60 | €38 | -€22 | -37.1% |
| Total equity and liabilities | 10/49 | €60 | €38 | -€22 | -37.1% |
| Equity | 10/15 | -€44,788 | -€45,730 | -€942 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,475 | €2,475 | = | 0.0% |
| Tax-exempt reserves | 132 | €616 | €616 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,863 | -€66,805 | -€942 | -1.4% |
| Amounts payable | 17/49 | €44,848 | €45,768 | +€920 | +2.1% |
| Amounts payable within one year | 42/48 | €43,839 | €44,759 | +€920 | +2.1% |
| Other amounts payable | 47/48 | €43,839 | €44,759 | +€920 | +2.1% |
| Accrued charges and deferred income | 492/3 | €1,009 | €1,009 | = | 0.0% |
| Other operating charges | 640/8 | €115 | - | -€115 | |
| Gross operating margin | 9900 | -€1,074 | -€882 | +€192 | +17.9% |
| Operating profit (loss) | 9901 | -€1,189 | -€882 | +€307 | +25.8% |
| Financial charges | 65/66B | €134 | €60 | -€74 | -55.4% |
| Recurring financial charges | 65 | €134 | €60 | -€74 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,324 | -€942 | +€382 | +28.8% |
| Profit (loss) for the period | 9904 | -€1,324 | -€942 | +€382 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,324 | -€942 | +€382 | +28.8% |
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 30 October 2026 via checked.be.