SEAFRONT DEVELOPMENT: 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.
SEAFRONT DEVELOPMENT
Largest movements
- Stocks and contracts +€926,314
up €926,314 (+289.7%), from €319,795 to €1.2m
- Cash +€103,170
up €103,170 (+56.2%), from €183,555 to €286,725
mainly Debts after one year (+€1.1m) and Receivables within one year (+€22,945)
- Receivables within one year -€22,945
down €22,945 (-74.8%), from €30,679 to €7,734
- Debts after one year +€1.1m
up €1.1m (+207.9%), from €513,625 to €1.6m
- Profit (loss) carried forward -€82,264
down €82,264 (-109.3%), from -€75,280 to -€157,544
- Trade debts +€20,803
up €20,803 (+60.9%), from €34,184 to €54,988
- Gross operating margin -€4,926
down €4,926 (-8.1%), from -€60,651 to -€65,577
- Financial charges +€2,402
up €2,402 (+17.3%), from €13,898 to €16,300
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.
Cash bridge derived
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 | €534,029 | €1,540,568 | +€1.0m | +188.5% |
| Fixed assets | 21/28 | €1 | €1 | = | 0.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €534,028 | €1,540,567 | +€1.0m | +188.5% |
| Stocks and contracts in progress | 3 | €319,795 | €1,246,108 | +€926,314 | +289.7% |
| Stocks | 30/36 | €319,795 | €1,246,108 | +€926,314 | +289.7% |
| Amounts receivable within one year | 40/41 | €30,679 | €7,734 | -€22,945 | -74.8% |
| Other amounts receivable | 41 | €30,679 | €7,734 | -€22,945 | -74.8% |
| Cash at bank and in hand | 54/58 | €183,555 | €286,725 | +€103,170 | +56.2% |
| Total equity and liabilities | 10/49 | €534,029 | €1,540,568 | +€1.0m | +188.5% |
| Equity | 10/15 | -€13,780 | -€96,044 | -€82,264 | -597.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,280 | -€157,544 | -€82,264 | -109.3% |
| Amounts payable | 17/49 | €547,809 | €1,636,613 | +€1.1m | +198.8% |
| Amounts payable after more than one year | 17 | €513,625 | €1,581,625 | +€1.1m | +207.9% |
| Financial debts | 170/4 | €513,625 | €1,581,625 | +€1.1m | +207.9% |
| Amounts payable within one year | 42/48 | €34,184 | €54,988 | +€20,803 | +60.9% |
| Trade debts | 44 | €34,184 | €54,988 | +€20,803 | +60.9% |
| Suppliers | 440/4 | €34,184 | €54,988 | +€20,803 | +60.9% |
| Other operating charges | 640/8 | €732 | €387 | -€345 | -47.1% |
| Gross operating margin | 9900 | -€60,651 | -€65,577 | -€4,926 | -8.1% |
| Operating profit (loss) | 9901 | -€61,383 | -€65,964 | -€4,582 | -7.5% |
| Financial charges | 65/66B | €13,898 | €16,300 | +€2,402 | +17.3% |
| Recurring financial charges | 65 | €13,898 | €16,300 | +€2,402 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | -€75,280 | -€82,264 | -€6,984 | -9.3% |
| Profit (loss) for the period | 9904 | -€75,280 | -€82,264 | -€6,984 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,280 | -€82,264 | -€6,984 | -9.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.