SEA-ESTATE: 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-ESTATE
Largest movements
- Receivables within one year +€14,125
up €14,125 (+38.3%), from €36,898 to €51,023
of which Other amounts receivable: +€13,188
- Cash +€7,122
up €7,122 (+8.9%), from €80,334 to €87,456
mainly Trade debts (+€12,949) and Other debts (+€5,118)
- Deferred charges and accrued income -€3,571
down €3,571 (-52.6%), from €6,794 to €3,223
- Tangible fixed assets -€3,150
down €3,150 (-20.0%), from €15,745 to €12,595
of which Other tangible fixed assets: -€1,795
- Trade debts +€12,949
up €12,949 (+599%), from €2,162 to €15,111
- Other debts +€5,118
up €5,118 (+45.1%), from €11,345 to €16,463
- Tax, wage and social debts -€2,394
down €2,394 (-48.9%), from €4,894 to €2,500
of which Taxes: -€2,394
- Taxes +€3,168
up €3,168 (+107%), from €2,974 to €6,142
- Gross operating margin -€2,084
down €2,084 (-15.5%), from €13,416 to €11,332
- Financial charges -€798
down €798 (-26.2%), from €3,048 to €2,250
- Other operating charges -€786
down €786 (-45.5%), from €1,726 to €940
- Depreciation +€184
up €184 (+6.2%), from €2,965 to €3,150
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 | €139,771 | €154,296 | +€14,526 | +10.4% |
| Fixed assets | 21/28 | €15,745 | €12,595 | -€3,150 | -20.0% |
| Tangible fixed assets | 22/27 | €15,745 | €12,595 | -€3,150 | -20.0% |
| Plant, machinery and equipment | 23 | €1,237 | €826 | -€411 | -33.2% |
| Furniture and vehicles | 24 | €3,021 | €2,077 | -€944 | -31.2% |
| Other tangible fixed assets | 26 | €11,486 | €9,692 | -€1,795 | -15.6% |
| Current assets | 29/58 | €124,026 | €141,701 | +€17,675 | +14.3% |
| Amounts receivable within one year | 40/41 | €36,898 | €51,023 | +€14,125 | +38.3% |
| Trade receivables | 40 | €32,372 | €33,308 | +€936 | +2.9% |
| Other amounts receivable | 41 | €4,526 | €17,715 | +€13,188 | +291% |
| Cash at bank and in hand | 54/58 | €80,334 | €87,456 | +€7,122 | +8.9% |
| Deferred charges and accrued income | 490/1 | €6,794 | €3,223 | -€3,571 | -52.6% |
| Total equity and liabilities | 10/49 | €139,771 | €154,296 | +€14,526 | +10.4% |
| Equity | 10/15 | €121,369 | €120,222 | -€1,147 | -0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €126,571 | €126,571 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €107,821 | €107,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,403 | -€12,550 | -€1,147 | -10.1% |
| Amounts payable | 17/49 | €18,402 | €34,075 | +€15,673 | +85.2% |
| Amounts payable within one year | 42/48 | €18,402 | €34,075 | +€15,673 | +85.2% |
| Trade debts | 44 | €2,162 | €15,111 | +€12,949 | +599% |
| Suppliers | 440/4 | €2,162 | €15,111 | +€12,949 | +599% |
| Taxes, remuneration and social security | 45 | €4,894 | €2,500 | -€2,394 | -48.9% |
| Taxes | 450/3 | €2,394 | €0 | -€2,394 | -100% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €11,345 | €16,463 | +€5,118 | +45.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,965 | €3,150 | +€184 | +6.2% |
| Other operating charges | 640/8 | €1,726 | €940 | -€786 | -45.5% |
| Gross operating margin | 9900 | €13,416 | €11,332 | -€2,084 | -15.5% |
| Operating profit (loss) | 9901 | €8,725 | €7,242 | -€1,482 | -17.0% |
| Financial income | 75/76B | €22 | €2 | -€20 | -91.1% |
| Recurring financial income | 75 | €22 | €2 | -€20 | -91.1% |
| Financial charges | 65/66B | €3,048 | €2,250 | -€798 | -26.2% |
| Recurring financial charges | 65 | €3,048 | €2,250 | -€798 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €5,698 | €4,995 | -€703 | -12.3% |
| Income taxes | 67/77 | €2,974 | €6,142 | +€3,168 | +107% |
| Profit (loss) for the period | 9904 | €2,724 | -€1,147 | -€3,871 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,724 | -€1,147 | -€3,871 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.