SEA-IT: 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-IT
Largest movements
- Cash +€26,261
up €26,261 (+20.8%), from €126,093 to €152,354
mainly Net result for the year (+€53,314) and Depreciation (+€7,897)
- Receivables within one year +€7,558
up €7,558 (+50.7%), from €14,908 to €22,466
of which Other amounts receivable: +€5,986
- Tangible fixed assets -€3,855
down €3,855 (-27.1%), from €14,227 to €10,372
of which Furniture and vehicles: -€3,126
- Reserves +€53,314
up €53,314 (+47.6%), from €112,019 to €165,333
- Tax, wage and social debts -€14,480
down €14,480 (-51.3%), from €28,233 to €13,753
- Current portion of long-term debt -€5,271
down €5,271 (-91.5%), from €5,759 to €488
- Other debts -€3,003
no longer reported in 2025 (was €3,003)
- Gross operating margin -€1,999
down €1,999 (-2.5%), from €78,415 to €76,416
- Depreciation +€974
up €974 (+14.1%), from €6,923 to €7,897
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 | €156,484 | €186,968 | +€30,484 | +19.5% |
| Fixed assets | 21/28 | €14,227 | €10,372 | -€3,855 | -27.1% |
| Tangible fixed assets | 22/27 | €14,227 | €10,372 | -€3,855 | -27.1% |
| Furniture and vehicles | 24 | €7,249 | €4,123 | -€3,126 | -43.1% |
| Other tangible fixed assets | 26 | €6,978 | €6,249 | -€728 | -10.4% |
| Current assets | 29/58 | €142,257 | €176,596 | +€34,338 | +24.1% |
| Amounts receivable within one year | 40/41 | €14,908 | €22,466 | +€7,558 | +50.7% |
| Trade receivables | 40 | €14,908 | €16,480 | +€1,572 | +10.5% |
| Other amounts receivable | 41 | - | €5,986 | +€5,986 | |
| Cash at bank and in hand | 54/58 | €126,093 | €152,354 | +€26,261 | +20.8% |
| Deferred charges and accrued income | 490/1 | €1,257 | €1,776 | +€519 | +41.3% |
| Total equity and liabilities | 10/49 | €156,484 | €186,968 | +€30,484 | +19.5% |
| Equity | 10/15 | €117,019 | €170,333 | +€53,314 | +45.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €112,019 | €165,333 | +€53,314 | +47.6% |
| Distributable reserves | 133 | €112,019 | €165,333 | +€53,314 | +47.6% |
| Amounts payable | 17/49 | €39,465 | €16,635 | -€22,830 | -57.8% |
| Amounts payable after more than one year | 17 | €488 | - | -€488 | |
| Financial debts | 170/4 | €488 | - | -€488 | |
| Amounts payable within one year | 42/48 | €37,377 | €14,885 | -€22,492 | -60.2% |
| Current portion of amounts payable after more than one year | 42 | €5,759 | €488 | -€5,271 | -91.5% |
| Trade debts | 44 | €382 | €644 | +€262 | +68.6% |
| Suppliers | 440/4 | €382 | €644 | +€262 | +68.6% |
| Taxes, remuneration and social security | 45 | €28,233 | €13,753 | -€14,480 | -51.3% |
| Taxes | 450/3 | €28,233 | €13,753 | -€14,480 | -51.3% |
| Other amounts payable | 47/48 | €3,003 | - | -€3,003 | |
| Accrued charges and deferred income | 492/3 | €1,600 | €1,750 | +€150 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,923 | €7,897 | +€974 | +14.1% |
| Other operating charges | 640/8 | €745 | €841 | +€95 | +12.8% |
| Gross operating margin | 9900 | €78,415 | €76,416 | -€1,999 | -2.5% |
| Operating profit (loss) | 9901 | €70,747 | €67,678 | -€3,069 | -4.3% |
| Financial income | 75/76B | €0 | €250 | +€250 | +2,499,800% |
| Recurring financial income | 75 | €0 | €250 | +€250 | +2,499,800% |
| Financial charges | 65/66B | €459 | €273 | -€185 | -40.4% |
| Recurring financial charges | 65 | €459 | €273 | -€185 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €70,288 | €67,655 | -€2,633 | -3.7% |
| Income taxes | 67/77 | €14,947 | €14,342 | -€605 | -4.0% |
| Profit (loss) for the period | 9904 | €55,342 | €53,314 | -€2,028 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,342 | €53,314 | -€2,028 | -3.7% |
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 16 October 2026 via checked.be.