SEACOL: 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.
SEACOL
Largest movements
- Current investments -€110,000
no longer reported in 2025 (was €110,000)
- Cash +€78,362
up €78,362 (+47.0%), from €166,679 to €245,041
mainly Net result for the year (+€253,695) and Current investments (+€110,000)
- Receivables within one year +€26,270
up €26,270 (+537.9%), from €4,883 to €31,153
of which Other amounts receivable: +€29,270
- Tangible fixed assets +€25,635
up €25,635 (+1.9%), from €1.3m to €1.4m
of which Furniture and vehicles: +€24,334
- Debts after one year -€85,552
down €85,552 (-17.8%), from €479,303 to €393,751
- Reserves +€73,841
up €73,841 (+12.7%), from €580,243 to €654,084
of which Distributable reserves: +€73,841
- Tax, wage and social debts +€26,718
up €26,718 (+47.0%), from €56,794 to €83,511
- Gross operating margin -€21,843
down €21,843 (-5.2%), from €423,951 to €402,108
- Taxes -€19,944
down €19,944 (-18.4%), from €108,135 to €88,191
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.
Cash bridge derived
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 | €1,612,172 | €1,629,494 | +€17,321 | +1.1% |
| Fixed assets | 21/28 | €1,326,919 | €1,352,553 | +€25,635 | +1.9% |
| Tangible fixed assets | 22/27 | €1,326,919 | €1,352,553 | +€25,635 | +1.9% |
| Land and buildings | 22 | €1,320,937 | €1,321,174 | +€237 | 0.0% |
| Plant, machinery and equipment | 23 | €784 | €1,847 | +€1,063 | +135.7% |
| Furniture and vehicles | 24 | €5,198 | €29,532 | +€24,334 | +468.2% |
| Current assets | 29/58 | €285,254 | €276,940 | -€8,313 | -2.9% |
| Amounts receivable within one year | 40/41 | €4,883 | €31,153 | +€26,270 | +537.9% |
| Trade receivables | 40 | €3,000 | - | -€3,000 | |
| Other amounts receivable | 41 | €1,883 | €31,153 | +€29,270 | +1554.1% |
| Current investments | 50/53 | €110,000 | - | -€110,000 | |
| Cash at bank and in hand | 54/58 | €166,679 | €245,041 | +€78,362 | +47.0% |
| Deferred charges and accrued income | 490/1 | €3,692 | €746 | -€2,945 | -79.8% |
| Total equity and liabilities | 10/49 | €1,612,172 | €1,629,494 | +€17,321 | +1.1% |
| Equity | 10/15 | €598,843 | €672,684 | +€73,841 | +12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €580,243 | €654,084 | +€73,841 | +12.7% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €561,493 | €635,334 | +€73,841 | +13.2% |
| Amounts payable | 17/49 | €1,013,329 | €956,809 | -€56,520 | -5.6% |
| Amounts payable after more than one year | 17 | €479,303 | €393,751 | -€85,552 | -17.8% |
| Financial debts | 170/4 | €479,303 | €393,751 | -€85,552 | -17.8% |
| Amounts payable within one year | 42/48 | €532,926 | €557,058 | +€24,133 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €120,182 | €121,687 | +€1,505 | +1.3% |
| Trade debts | 44 | €6,889 | €2,342 | -€4,548 | -66.0% |
| Suppliers | 440/4 | €6,889 | €2,342 | -€4,548 | -66.0% |
| Taxes, remuneration and social security | 45 | €56,794 | €83,511 | +€26,718 | +47.0% |
| Taxes | 450/3 | €56,794 | €83,511 | +€26,718 | +47.0% |
| Other amounts payable | 47/48 | €349,060 | €349,518 | +€458 | +0.1% |
| Accrued charges and deferred income | 492/3 | €1,100 | €6,000 | +€4,900 | +445.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,744 | €39,007 | -€2,737 | -6.6% |
| Other operating charges | 640/8 | €8,127 | €11,846 | +€3,719 | +45.8% |
| Gross operating margin | 9900 | €423,951 | €402,108 | -€21,843 | -5.2% |
| Operating profit (loss) | 9901 | €374,079 | €351,254 | -€22,825 | -6.1% |
| Financial income | 75/76B | €3,192 | €4,785 | +€1,593 | +49.9% |
| Recurring financial income | 75 | €3,192 | €4,785 | +€1,593 | +49.9% |
| Financial charges | 65/66B | €15,027 | €14,154 | -€873 | -5.8% |
| Recurring financial charges | 65 | €15,027 | €14,154 | -€873 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €362,244 | €341,886 | -€20,359 | -5.6% |
| Income taxes | 67/77 | €108,135 | €88,191 | -€19,944 | -18.4% |
| Profit (loss) for the period | 9904 | €254,110 | €253,695 | -€415 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €254,110 | €253,695 | -€415 | -0.2% |
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 11 October 2026 via checked.be.