SEA SIDE SYSTEMS: 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.
What changed
SEA SIDE SYSTEMS
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€15,457
2024 · -€12,695-€2,762
Equity
€239,731
2024 · €255,188-€15,457
Cash
€120,841
2024 · €123,226-€2,386
Balance sheet total
€263,075
2024 · €279,128-€16,052
Largest movements
Assets
- Current investments -€7,775
down €7,775 (-100%), from €7,775 to €0
- Tangible fixed assets -€4,617
down €4,617 (-3.2%), from €146,171 to €141,555
Equity and liabilities
- Profit (loss) carried forward -€15,457
down €15,457 (-33.5%), from -€46,080 to -€61,536
Income statement
- Gross operating margin -€3,774
down €3,774 (-71.4%), from -€5,285 to -€9,060
- Financial income +€1,339
new in 2025: €1,339
- Financial charges +€365
up €365 (+28.4%), from €1,285 to €1,650
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.
Result 2024
-€12,695
Gross operating margin
-€3,774
Other operating charges
+€39
Financial income
+€1,339
Financial charges
-€365
Result 2025
-€15,457
raises the resultlowers the result
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.
From operations
-€10,161
Investment
+€7,775
Financing
€0
Cash 2024
€123,226
From operations (derived)
-€10,161
Net result for the year
-€15,457
Depreciation
+€4,617
Receivables within one year
+€1,280
Deferred charges and accrued income
-€5
Trade debts
+€168
Tax, wage and social debts
-€197
Other debts
-€820
Accrued charges and deferred income
+€253
Investment (derived)
+€7,775
Current investments
+€7,775
Cash 2025
€120,841
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €279,128 | €263,075 | -€16,052 | -5.8% |
| Fixed assets | 21/28 | €146,171 | €141,555 | -€4,617 | -3.2% |
| Tangible fixed assets | 22/27 | €146,171 | €141,555 | -€4,617 | -3.2% |
| Land and buildings | 22 | €146,171 | €141,555 | -€4,617 | -3.2% |
| Current assets | 29/58 | €132,956 | €121,521 | -€11,436 | -8.6% |
| Amounts receivable within one year | 40/41 | €1,743 | €463 | -€1,280 | -73.4% |
| Other amounts receivable | 41 | €1,743 | €463 | -€1,280 | -73.4% |
| Current investments | 50/53 | €7,775 | €0 | -€7,775 | -100% |
| Cash at bank and in hand | 54/58 | €123,226 | €120,841 | -€2,386 | -1.9% |
| Deferred charges and accrued income | 490/1 | €212 | €217 | +€5 | +2.3% |
| Total equity and liabilities | 10/49 | €279,128 | €263,075 | -€16,052 | -5.8% |
| Equity | 10/15 | €255,188 | €239,731 | -€15,457 | -6.1% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €181,267 | €181,267 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €169,267 | €169,267 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,080 | -€61,536 | -€15,457 | -33.5% |
| Amounts payable | 17/49 | €23,940 | €23,345 | -€595 | -2.5% |
| Amounts payable within one year | 42/48 | €22,684 | €21,835 | -€848 | -3.7% |
| Trade debts | 44 | €163 | €331 | +€168 | +103% |
| Suppliers | 440/4 | €163 | €331 | +€168 | +103% |
| Taxes, remuneration and social security | 45 | €2,125 | €1,929 | -€197 | -9.2% |
| Taxes | 450/3 | €2,125 | €1,929 | -€197 | -9.2% |
| Other amounts payable | 47/48 | €20,395 | €19,575 | -€820 | -4.0% |
| Accrued charges and deferred income | 492/3 | €1,256 | €1,509 | +€253 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,617 | €4,617 | = | 0.0% |
| Other operating charges | 640/8 | €1,508 | €1,469 | -€39 | -2.6% |
| Gross operating margin | 9900 | -€5,285 | -€9,060 | -€3,774 | -71.4% |
| Operating profit (loss) | 9901 | -€11,409 | -€15,145 | -€3,736 | -32.7% |
| Financial income | 75/76B | - | €1,339 | +€1,339 | |
| Recurring financial income | 75 | - | €1,339 | +€1,339 | |
| Financial charges | 65/66B | €1,285 | €1,650 | +€365 | +28.4% |
| Recurring financial charges | 65 | €1,285 | €1,650 | +€365 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,695 | -€15,457 | -€2,762 | -21.8% |
| Profit (loss) for the period | 9904 | -€12,695 | -€15,457 | -€2,762 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,695 | -€15,457 | -€2,762 | -21.8% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.