Sea Design: what changed
Two fiscal 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 Design
Largest movements
- Tangible fixed assets -€10,043
down €10,043 (-2.2%), from €457,109 to €447,066
of which Land and buildings: -€9,110
- Debts after one year -€17,804
down €17,804 (-8.9%), from €199,493 to €181,689
- Trade debts +€9,711
up €9,711 (+247.8%), from €3,919 to €13,630
- Profit (loss) carried forward -€6,230
down €6,230 (-15.2%), from -€41,080 to -€47,311
- Gross operating margin +€3,359
up €3,359 (+16.6%), from €20,213 to €23,571
- Other operating charges +€2,170
up €2,170 (+77.4%), from €2,802 to €4,972
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.
Cash bridge derived
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 | €462,129 | €451,126 | -€11,003 | -2.4% |
| Formation expenses | 20 | €676 | €225 | -€451 | -66.7% |
| Fixed assets | 21/28 | €457,109 | €447,066 | -€10,043 | -2.2% |
| Tangible fixed assets | 22/27 | €457,109 | €447,066 | -€10,043 | -2.2% |
| Land and buildings | 22 | €452,291 | €443,181 | -€9,110 | -2.0% |
| Plant, machinery and equipment | 23 | €4,817 | €3,885 | -€933 | -19.4% |
| Current assets | 29/58 | €4,345 | €3,835 | -€510 | -11.7% |
| Amounts receivable within one year | 40/41 | €849 | €1,331 | +€482 | +56.7% |
| Trade receivables | 40 | €849 | €1,331 | +€482 | +56.7% |
| Cash at bank and in hand | 54/58 | €2,299 | €1,422 | -€877 | -38.2% |
| Deferred charges and accrued income | 490/1 | €1,197 | €1,083 | -€114 | -9.5% |
| Total equity and liabilities | 10/49 | €462,129 | €451,126 | -€11,003 | -2.4% |
| Equity | 10/15 | €18,920 | €12,689 | -€6,230 | -32.9% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,080 | -€47,311 | -€6,230 | -15.2% |
| Amounts payable | 17/49 | €443,210 | €438,437 | -€4,772 | -1.1% |
| Amounts payable after more than one year | 17 | €199,493 | €181,689 | -€17,804 | -8.9% |
| Financial debts | 170/4 | €199,493 | €181,689 | -€17,804 | -8.9% |
| Amounts payable within one year | 42/48 | €243,717 | €256,748 | +€13,032 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €17,615 | €17,804 | +€189 | +1.1% |
| Trade debts | 44 | €3,919 | €13,630 | +€9,711 | +247.8% |
| Suppliers | 440/4 | €3,919 | €13,630 | +€9,711 | +247.8% |
| Taxes, remuneration and social security | 45 | €906 | €976 | +€69 | +7.7% |
| Taxes | 450/3 | €906 | €976 | +€69 | +7.7% |
| Other amounts payable | 47/48 | €221,277 | €224,338 | +€3,062 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,973 | €22,189 | +€216 | +1.0% |
| Other operating charges | 640/8 | €2,802 | €4,972 | +€2,170 | +77.4% |
| Gross operating margin | 9900 | €20,213 | €23,571 | +€3,359 | +16.6% |
| Operating profit (loss) | 9901 | -€4,562 | -€3,589 | +€973 | +21.3% |
| Financial charges | 65/66B | €2,740 | €2,641 | -€99 | -3.6% |
| Recurring financial charges | 65 | €2,740 | €2,641 | -€99 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,302 | -€6,230 | +€1,072 | +14.7% |
| Profit (loss) for the period | 9904 | -€7,302 | -€6,230 | +€1,072 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,302 | -€6,230 | +€1,072 | +14.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.