SEADENT: what changed
Two fiscal 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.
SEADENT
Largest movements
- Stocks and contracts +€52,057
up €52,057 (+169.1%), from €30,784 to €82,841
- Receivables within one year -€44,095
down €44,095 (-54.6%), from €80,743 to €36,648
of which Trade receivables: -€75,000
- Tangible fixed assets +€23,048
up €23,048 (+38.4%), from €60,015 to €83,063
of which Plant, machinery and equipment: +€24,295
- Cash +€13,972
up €13,972 (+32.4%), from €43,171 to €57,143
mainly Receivables within one year (+€44,095) and Tax, wage and social debts (+€19,634)
- Tax, wage and social debts +€19,634
up €19,634 (+196.9%), from €9,972 to €29,606
of which Remuneration and social security: +€15,257
- Profit (loss) carried forward +€15,837
up €15,837, from -€15,736 to €101
- Trade debts +€10,905
up €10,905 (+5.6%), from €194,427 to €205,332
- Gross operating margin +€136,934
up €136,934 (+340.9%), from €40,166 to €177,100
- Staff costs +€85,690
up €85,690 (+162.9%), from €52,597 to €138,287
- Depreciation +€8,461
up €8,461 (+414.8%), from €2,040 to €10,501
- Other operating charges +€6,439
up €6,439 (+555.8%), from €1,159 to €7,598
- Taxes +€4,377
new in 2025: €4,377
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 | €214,713 | €259,695 | +€44,982 | +20.9% |
| Fixed assets | 21/28 | €60,015 | €83,063 | +€23,048 | +38.4% |
| Tangible fixed assets | 22/27 | €60,015 | €83,063 | +€23,048 | +38.4% |
| Land and buildings | 22 | €1,218 | €943 | -€275 | -22.6% |
| Plant, machinery and equipment | 23 | €54,684 | €78,979 | +€24,295 | +44.4% |
| Furniture and vehicles | 24 | €4,113 | €3,141 | -€972 | -23.6% |
| Current assets | 29/58 | €154,698 | €176,632 | +€21,934 | +14.2% |
| Stocks and contracts in progress | 3 | €30,784 | €82,841 | +€52,057 | +169.1% |
| Stocks | 30/36 | €30,784 | €82,841 | +€52,057 | +169.1% |
| Amounts receivable within one year | 40/41 | €80,743 | €36,648 | -€44,095 | -54.6% |
| Trade receivables | 40 | €75,000 | €0 | -€75,000 | -100.0% |
| Other amounts receivable | 41 | €5,743 | €36,648 | +€30,905 | +538.1% |
| Cash at bank and in hand | 54/58 | €43,171 | €57,143 | +€13,972 | +32.4% |
| Total equity and liabilities | 10/49 | €214,713 | €259,695 | +€44,982 | +20.9% |
| Equity | 10/15 | -€11,736 | €4,101 | +€15,837 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,736 | €101 | +€15,837 | |
| Amounts payable | 17/49 | €226,449 | €255,594 | +€29,145 | +12.9% |
| Amounts payable within one year | 42/48 | €226,112 | €255,114 | +€29,002 | +12.8% |
| Trade debts | 44 | €194,427 | €205,332 | +€10,905 | +5.6% |
| Suppliers | 440/4 | €194,427 | €205,332 | +€10,905 | +5.6% |
| Taxes, remuneration and social security | 45 | €9,972 | €29,606 | +€19,634 | +196.9% |
| Taxes | 450/3 | - | €4,377 | +€4,377 | |
| Remuneration and social security | 454/9 | €9,972 | €25,229 | +€15,257 | +153.0% |
| Other amounts payable | 47/48 | €21,714 | €20,177 | -€1,537 | -7.1% |
| Accrued charges and deferred income | 492/3 | €337 | €480 | +€143 | +42.5% |
| Remuneration, social security and pensions | 62 | €52,597 | €138,287 | +€85,690 | +162.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,040 | €10,501 | +€8,461 | +414.8% |
| Other operating charges | 640/8 | €1,159 | €7,598 | +€6,439 | +555.8% |
| Gross operating margin | 9900 | €40,166 | €177,100 | +€136,934 | +340.9% |
| Operating profit (loss) | 9901 | -€15,629 | €20,714 | +€36,343 | |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €107 | €519 | +€412 | +384.5% |
| Recurring financial charges | 65 | €107 | €519 | +€412 | +384.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,736 | €20,214 | +€35,951 | |
| Income taxes | 67/77 | - | €4,377 | +€4,377 | |
| Profit (loss) for the period | 9904 | -€15,736 | €15,837 | +€31,574 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,736 | €15,837 | +€31,574 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.