SEA - GULL: 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 - GULL
Largest movements
- Tangible fixed assets +€744
new in 2025: €744
- Cash -€635
down €635 (-10.2%), from €6,196 to €5,561
mainly Trade debts (-€6,160) and Investment in fixed assets (net) (-€744)
- Trade debts -€6,160
down €6,160 (-82.4%), from €7,478 to €1,318
- Other debts +€5,011
up €5,011 (+93.2%), from €5,375 to €10,386
- Profit (loss) carried forward +€1,207
up €1,207 (+2.0%), from -€60,718 to -€59,511
- Gross operating margin -€2,894
down €2,894 (-74.6%), from €3,880 to €986
- Financial income +€783
new in 2025: €783
- Financial charges -€680
down €680 (-93.1%), from €730 to €50
- Other operating charges -€130
down €130 (-20.3%), from €642 to €512
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 | €6,555 | €6,613 | +€58 | +0.9% |
| Fixed assets | 21/28 | - | €744 | +€744 | |
| Tangible fixed assets | 22/27 | - | €744 | +€744 | |
| Furniture and vehicles | 24 | - | €744 | +€744 | |
| Current assets | 29/58 | €6,555 | €5,869 | -€686 | -10.5% |
| Amounts receivable within one year | 40/41 | €359 | €308 | -€51 | -14.3% |
| Other amounts receivable | 41 | €359 | €308 | -€51 | -14.3% |
| Cash at bank and in hand | 54/58 | €6,196 | €5,561 | -€635 | -10.2% |
| Total equity and liabilities | 10/49 | €6,555 | €6,613 | +€58 | +0.9% |
| Equity | 10/15 | -€6,298 | -€5,091 | +€1,207 | +19.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €35,827 | €35,827 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €35,208 | €35,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,718 | -€59,511 | +€1,207 | +2.0% |
| Amounts payable | 17/49 | €12,853 | €11,704 | -€1,149 | -8.9% |
| Amounts payable within one year | 42/48 | €12,853 | €11,704 | -€1,149 | -8.9% |
| Trade debts | 44 | €7,478 | €1,318 | -€6,160 | -82.4% |
| Suppliers | 440/4 | €7,478 | €1,318 | -€6,160 | -82.4% |
| Other amounts payable | 47/48 | €5,375 | €10,386 | +€5,011 | +93.2% |
| Other operating charges | 640/8 | €642 | €512 | -€130 | -20.3% |
| Gross operating margin | 9900 | €3,880 | €986 | -€2,894 | -74.6% |
| Operating profit (loss) | 9901 | €3,238 | €475 | -€2,764 | -85.3% |
| Financial income | 75/76B | - | €783 | +€783 | |
| Recurring financial income | 75 | - | €783 | +€783 | |
| Financial charges | 65/66B | €730 | €50 | -€680 | -93.1% |
| Recurring financial charges | 65 | €730 | €50 | -€680 | -93.1% |
| Profit (loss) for the period before taxes | 9903 | €2,508 | €1,207 | -€1,301 | -51.9% |
| Profit (loss) for the period | 9904 | €2,508 | €1,207 | -€1,301 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,508 | €1,207 | -€1,301 | -51.9% |
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 29 October 2026 via checked.be.