Sea ‘n Sight: 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 ‘n Sight
Largest movements
- Receivables within one year +€23,055
up €23,055 (+45.9%), from €50,274 to €73,329
of which Trade receivables: +€13,237
- Cash -€11,665
down €11,665 (-22.3%), from €52,387 to €40,722
mainly Receivables within one year (-€23,055) and Deferred charges and accrued income (-€6,557)
- Deferred charges and accrued income +€6,557
up €6,557 (+363%), from €1,806 to €8,364
- Tangible fixed assets -€2,401
down €2,401 (-10.0%), from €23,984 to €21,582
of which Furniture and vehicles: -€6,000
- Current portion of long-term debt +€12,438
up €12,438, from €0 to €12,438
- Short-term financial debts +€3,288
up €3,288 (+264%), from €1,247 to €4,535
of which Credit institutions: +€2,261
- Gross operating margin -€55,436
down €55,436 (-86.9%), from €63,800 to €8,364
- Taxes -€11,083
down €11,083 (-89.1%), from €12,439 to €1,356
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 | €128,451 | €143,997 | +€15,545 | +12.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €23,984 | €21,582 | -€2,401 | -10.0% |
| Tangible fixed assets | 22/27 | €23,984 | €21,582 | -€2,401 | -10.0% |
| Land and buildings | 22 | - | €3,599 | +€3,599 | |
| Furniture and vehicles | 24 | €23,984 | €17,984 | -€6,000 | -25.0% |
| Current assets | 29/58 | €104,468 | €122,415 | +€17,947 | +17.2% |
| Amounts receivable within one year | 40/41 | €50,274 | €73,329 | +€23,055 | +45.9% |
| Trade receivables | 40 | €9,517 | €22,754 | +€13,237 | +139% |
| Other amounts receivable | 41 | €40,757 | €50,574 | +€9,817 | +24.1% |
| Cash at bank and in hand | 54/58 | €52,387 | €40,722 | -€11,665 | -22.3% |
| Deferred charges and accrued income | 490/1 | €1,806 | €8,364 | +€6,557 | +363% |
| Total equity and liabilities | 10/49 | €128,451 | €143,997 | +€15,545 | +12.1% |
| Equity | 10/15 | €103,830 | €104,293 | +€463 | +0.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €101,330 | €101,793 | +€463 | +0.5% |
| Distributable reserves | 133 | €101,330 | €101,793 | +€463 | +0.5% |
| Amounts payable | 17/49 | €24,622 | €39,704 | +€15,082 | +61.3% |
| Amounts payable within one year | 42/48 | €24,622 | €39,704 | +€15,082 | +61.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €12,438 | +€12,438 | |
| Financial debts | 43 | €1,247 | €4,535 | +€3,288 | +264% |
| Credit institutions | 430/8 | €0 | €2,261 | +€2,261 | |
| Other loans | 439 | €1,247 | €2,274 | +€1,027 | +82.4% |
| Trade debts | 44 | €4,075 | €3,854 | -€221 | -5.4% |
| Suppliers | 440/4 | €4,075 | €3,854 | -€221 | -5.4% |
| Taxes, remuneration and social security | 45 | €19,299 | €18,877 | -€423 | -2.2% |
| Taxes | 450/3 | €19,299 | €18,877 | -€423 | -2.2% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,094 | €6,123 | +€30 | +0.5% |
| Other operating charges | 640/8 | €737 | €570 | -€168 | -22.7% |
| Gross operating margin | 9900 | €63,800 | €8,364 | -€55,436 | -86.9% |
| Operating profit (loss) | 9901 | €56,969 | €1,671 | -€55,298 | -97.1% |
| Financial income | 75/76B | €220 | €317 | +€98 | +44.5% |
| Recurring financial income | 75 | €220 | €317 | +€98 | +44.5% |
| Financial charges | 65/66B | €239 | €169 | -€70 | -29.1% |
| Recurring financial charges | 65 | €239 | €169 | -€70 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €56,949 | €1,819 | -€55,130 | -96.8% |
| Income taxes | 67/77 | €12,439 | €1,356 | -€11,083 | -89.1% |
| Profit (loss) for the period | 9904 | €44,511 | €463 | -€44,048 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,511 | €463 | -€44,048 | -99.0% |
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 24 October 2026 via checked.be.