SEAC: 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.
SEAC
Largest movements
- Cash +€26,211
up €26,211 (+79.8%), from €32,866 to €59,077
mainly Net result for the year (+€37,741) and Depreciation (+€15,825)
- Financial fixed assets -€23,700
no longer reported in 2024 (was €23,700)
- Tangible fixed assets +€13,251
up €13,251 (+33.2%), from €39,897 to €53,149
of which Furniture and vehicles: +€13,421
- Receivables within one year +€4,981
up €4,981 (+8.9%), from €55,803 to €60,784
of which Trade receivables: +€14,353
- Profit (loss) carried forward +€37,741
up €37,741 (+74.8%), from €50,478 to €88,219
- Debts after one year -€11,207
down €11,207 (-58.6%), from €19,115 to €7,908
- Tax, wage and social debts +€9,131
new in 2024: €9,131
- Accrued charges and deferred income -€8,130
no longer reported in 2024 (was €8,130)
- Other debts -€7,347
down €7,347 (-10.5%), from €70,073 to €62,726
- Turnover +€146,952
new in 2024: €146,952
- Purchases and services +€78,873
new in 2024: €78,873
- Gross operating margin +€22,109
up €22,109 (+43.7%), from €50,609 to €72,718
- Taxes +€5,006
up €5,006 (+47.9%), from €10,447 to €15,453
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,133 | €189,496 | +€21,364 | +12.7% |
| Fixed assets | 21/28 | €63,597 | €53,149 | -€10,449 | -16.4% |
| Tangible fixed assets | 22/27 | €39,897 | €53,149 | +€13,251 | +33.2% |
| Plant, machinery and equipment | 23 | €169 | - | -€169 | |
| Furniture and vehicles | 24 | €39,728 | €53,149 | +€13,421 | +33.8% |
| Financial fixed assets | 28 | €23,700 | - | -€23,700 | |
| Current assets | 29/58 | €104,535 | €136,348 | +€31,813 | +30.4% |
| Amounts receivable within one year | 40/41 | €55,803 | €60,784 | +€4,981 | +8.9% |
| Trade receivables | 40 | €29,744 | €44,097 | +€14,353 | +48.3% |
| Other amounts receivable | 41 | €26,059 | €16,687 | -€9,372 | -36.0% |
| Current investments | 50/53 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,866 | €59,077 | +€26,211 | +79.8% |
| Deferred charges and accrued income | 490/1 | €867 | €1,487 | +€620 | +71.6% |
| Total equity and liabilities | 10/49 | €168,133 | €189,496 | +€21,364 | +12.7% |
| Equity | 10/15 | €59,898 | €97,639 | +€37,741 | +63.0% |
| Contributions | 10/11 | €7,561 | €7,561 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,478 | €88,219 | +€37,741 | +74.8% |
| Amounts payable | 17/49 | €108,234 | €91,857 | -€16,377 | -15.1% |
| Amounts payable after more than one year | 17 | €19,115 | €7,908 | -€11,207 | -58.6% |
| Financial debts | 170/4 | €19,115 | €7,908 | -€11,207 | -58.6% |
| Amounts payable within one year | 42/48 | €80,989 | €83,949 | +€2,960 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €10,916 | €11,207 | +€291 | +2.7% |
| Trade debts | 44 | - | €885 | +€885 | |
| Suppliers | 440/4 | - | €885 | +€885 | |
| Taxes, remuneration and social security | 45 | - | €9,131 | +€9,131 | |
| Taxes | 450/3 | - | €9,131 | +€9,131 | |
| Other amounts payable | 47/48 | €70,073 | €62,726 | -€7,347 | -10.5% |
| Accrued charges and deferred income | 492/3 | €8,130 | - | -€8,130 | |
| Turnover | 70 | - | €146,952 | +€146,952 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €78,873 | +€78,873 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,365 | €15,825 | +€1,460 | +10.2% |
| Other operating charges | 640/8 | €3,926 | €3,253 | -€673 | -17.1% |
| Gross operating margin | 9900 | €50,609 | €72,718 | +€22,109 | +43.7% |
| Operating profit (loss) | 9901 | €32,318 | €53,640 | +€21,322 | +66.0% |
| Financial income | 75/76B | €66 | €686 | +€620 | +940% |
| Recurring financial income | 75 | €66 | €686 | +€620 | +940% |
| Financial charges | 65/66B | €1,390 | €1,132 | -€258 | -18.6% |
| Recurring financial charges | 65 | €1,390 | €1,132 | -€258 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €30,994 | €53,195 | +€22,200 | +71.6% |
| Income taxes | 67/77 | €10,447 | €15,453 | +€5,006 | +47.9% |
| Profit (loss) for the period | 9904 | €20,547 | €37,741 | +€17,194 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,547 | €37,741 | +€17,194 | +83.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.