SEAGATE OSTENDE: 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.
SEAGATE OSTENDE
Largest movements
- Cash -€2.3m
down €2.3m (-88.9%), from €2.5m to €281,366
mainly Contributions, distributions and other (-€2.0m) and Net result for the year (-€542,827)
- Tangible fixed assets -€267,462
down €267,462 (-54.0%), from €495,258 to €227,796
- Contributions -€2.0m
down €2.0m (-32.0%), from €6.3m to €4.3m
- Profit (loss) carried forward -€542,827
down €542,827 (-17.1%), from -€3.2m to -€3.7m
- Turnover -€461,325
no longer reported in 2025 (was €461,325)
- Gross operating margin -€230,112
new in 2025: -€230,112
- Services and other goods -€133,068
no longer reported in 2025 (was €133,068)
- Other operating income -€48,942
no longer reported in 2025 (was €48,942)
- Taxes -€6,022
down €6,022 (-100.0%), from €6,022 to €0
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 | €3,109,794 | €573,721 | -€2.5m | -81.6% |
| Fixed assets | 21/28 | €495,258 | €227,796 | -€267,462 | -54.0% |
| Tangible fixed assets | 22/27 | €495,258 | €227,796 | -€267,462 | -54.0% |
| Land and buildings | 22 | €495,258 | €227,796 | -€267,462 | -54.0% |
| Current assets | 29/58 | €2,614,536 | €345,925 | -€2.3m | -86.8% |
| Amounts receivable within one year | 40/41 | €74,933 | €64,559 | -€10,374 | -13.8% |
| Trade receivables | 40 | €74,933 | €0 | -€74,933 | -100.0% |
| Other amounts receivable | 41 | - | €64,559 | +€64,559 | |
| Cash at bank and in hand | 54/58 | €2,539,603 | €281,366 | -€2.3m | -88.9% |
| Total equity and liabilities | 10/49 | €3,109,794 | €573,721 | -€2.5m | -81.6% |
| Equity | 10/15 | €3,090,967 | €548,141 | -€2.5m | -82.3% |
| Contributions | 10/11 | €6,257,187 | €4,257,187 | -€2.0m | -32.0% |
| Profit (loss) carried forward | 14 | -€3,166,220 | -€3,709,047 | -€542,827 | -17.1% |
| Amounts payable | 17/49 | €18,827 | €25,581 | +€6,754 | +35.9% |
| Amounts payable within one year | 42/48 | €18,827 | €25,581 | +€6,754 | +35.9% |
| Trade debts | 44 | €10,021 | €25,581 | +€15,560 | +155.3% |
| Suppliers | 440/4 | €10,021 | €25,581 | +€15,560 | +155.3% |
| Taxes, remuneration and social security | 45 | €8,806 | €0 | -€8,806 | -100.0% |
| Taxes | 450/3 | €8,806 | €0 | -€8,806 | -100.0% |
| Operating income | 70/76A | €510,268 | - | -€510,268 | |
| Turnover | 70 | €461,325 | - | -€461,325 | |
| Other operating income | 74 | €48,942 | - | -€48,942 | |
| Operating charges | 60/66A | €444,119 | - | -€444,119 | |
| Services and other goods | 61 | €133,068 | - | -€133,068 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267,460 | €267,462 | +€2 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,165 | -€1,165 | |
| Other operating charges | 640/8 | €43,590 | €45,995 | +€2,405 | +5.5% |
| Gross operating margin | 9900 | - | -€230,112 | -€230,112 | |
| Operating profit (loss) | 9901 | €66,149 | -€542,405 | -€608,554 | |
| Financial charges | 65/66B | €392 | €422 | +€30 | +7.7% |
| Recurring financial charges | 65 | €392 | €422 | +€30 | +7.7% |
| Other financial charges | 652/9 | €392 | - | -€392 | |
| Profit (loss) for the period before taxes | 9903 | €65,757 | -€542,827 | -€608,584 | |
| Income taxes | 67/77 | €6,022 | €0 | -€6,022 | -100.0% |
| Taxes | 670/3 | €6,022 | - | -€6,022 | |
| Profit (loss) for the period | 9904 | €59,735 | -€542,827 | -€602,562 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,735 | -€542,827 | -€602,562 |
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 12 October 2026 via checked.be.