SEA 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 SIGHT
Largest movements
- Receivables within one year +€106,970
up €106,970 (+243%), from €44,036 to €151,006
of which Trade receivables: +€107,986
- Current investments -€24,957
down €24,957 (-35.6%), from €70,149 to €45,193
- Tangible fixed assets -€9,536
down €9,536 (-84.0%), from €11,356 to €1,819
of which Furniture and vehicles: -€9,342
- Cash +€2,509
up €2,509 (+53.9%), from €4,657 to €7,166
mainly Net result for the year (+€54,491) and Current investments (+€24,957)
- Reserves +€39,000
up €39,000 (+211%), from €18,500 to €57,500
- Tax, wage and social debts +€14,255
up €14,255 (+184%), from €7,747 to €22,002
- Other debts +€13,472
up €13,472 (+467%), from €2,885 to €16,357
- Current portion of long-term debt +€10,000
new in 2025: €10,000
- Trade debts -€3,119
down €3,119 (-13.1%), from €23,765 to €20,646
- Gross operating margin +€127,796
up €127,796, from -€29,201 to €98,595
- Taxes +€31,257
up €31,257, from -€7 to €31,250
- Depreciation -€6,026
down €6,026 (-36.2%), from €16,634 to €10,608
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 | €134,075 | €207,970 | +€73,895 | +55.1% |
| Fixed assets | 21/28 | €11,429 | €1,819 | -€9,610 | -84.1% |
| Tangible fixed assets | 22/27 | €11,356 | €1,819 | -€9,536 | -84.0% |
| Plant, machinery and equipment | 23 | - | €303 | +€303 | |
| Furniture and vehicles | 24 | €10,690 | €1,348 | -€9,342 | -87.4% |
| Other tangible fixed assets | 26 | €666 | €168 | -€498 | -74.8% |
| Financial fixed assets | 28 | €73 | - | -€73 | |
| Current assets | 29/58 | €122,646 | €206,151 | +€83,505 | +68.1% |
| Stocks and contracts in progress | 3 | €1,692 | - | -€1,692 | |
| Stocks | 30/36 | €1,692 | - | -€1,692 | |
| Amounts receivable within one year | 40/41 | €44,036 | €151,006 | +€106,970 | +243% |
| Trade receivables | 40 | €39,993 | €147,980 | +€107,986 | +270% |
| Other amounts receivable | 41 | €4,043 | €3,026 | -€1,017 | -25.1% |
| Current investments | 50/53 | €70,149 | €45,193 | -€24,957 | -35.6% |
| Cash at bank and in hand | 54/58 | €4,657 | €7,166 | +€2,509 | +53.9% |
| Deferred charges and accrued income | 490/1 | €2,112 | €2,787 | +€675 | +31.9% |
| Total equity and liabilities | 10/49 | €134,075 | €207,970 | +€73,895 | +55.1% |
| Equity | 10/15 | €99,474 | €138,965 | +€39,491 | +39.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,500 | €57,500 | +€39,000 | +211% |
| Distributable reserves | 133 | €18,500 | €57,500 | +€39,000 | +211% |
| Profit (loss) carried forward | 14 | €62,374 | €62,865 | +€491 | +0.8% |
| Amounts payable | 17/49 | €34,601 | €69,005 | +€34,404 | +99.4% |
| Amounts payable within one year | 42/48 | €34,397 | €69,005 | +€34,609 | +101% |
| Current portion of amounts payable after more than one year | 42 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €23,765 | €20,646 | -€3,119 | -13.1% |
| Suppliers | 440/4 | €23,765 | €20,646 | -€3,119 | -13.1% |
| Taxes, remuneration and social security | 45 | €7,747 | €22,002 | +€14,255 | +184% |
| Taxes | 450/3 | €7,747 | €22,002 | +€14,255 | +184% |
| Other amounts payable | 47/48 | €2,885 | €16,357 | +€13,472 | +467% |
| Accrued charges and deferred income | 492/3 | €205 | - | -€205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,634 | €10,608 | -€6,026 | -36.2% |
| Other operating charges | 640/8 | €1,469 | €2,014 | +€545 | +37.1% |
| Gross operating margin | 9900 | -€29,201 | €98,595 | +€127,796 | |
| Operating profit (loss) | 9901 | -€47,304 | €85,973 | +€133,278 | |
| Financial income | 75/76B | €413 | €301 | -€113 | -27.3% |
| Recurring financial income | 75 | €413 | €301 | -€113 | -27.3% |
| Financial charges | 65/66B | €534 | €533 | -€1 | -0.2% |
| Recurring financial charges | 65 | €534 | €533 | -€1 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€47,425 | €85,741 | +€133,166 | |
| Income taxes | 67/77 | -€7 | €31,250 | +€31,257 | |
| Profit (loss) for the period | 9904 | -€47,418 | €54,491 | +€101,909 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,418 | €54,491 | +€101,909 |
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 15 October 2026 via checked.be.