Seagull Communication: 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.
Seagull Communication
Largest movements
- Receivables within one year +€82,170
up €82,170 (+18.7%), from €438,333 to €520,503
of which Trade receivables: +€63,622
- Trade debts +€117,970
up €117,970 (+104%), from €113,525 to €231,495
- Other debts -€67,327
down €67,327 (-56.3%), from €119,679 to €52,352
- Reserves +€29,605
up €29,605 (+10.7%), from €276,876 to €306,481
- Gross operating margin -€3,815
down €3,815 (-7.6%), from €49,935 to €46,120
- Other operating charges -€1,153
down €1,153 (-43.3%), from €2,659 to €1,507
- Taxes -€935
down €935 (-8.5%), from €10,957 to €10,022
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.
Derived cash bridge
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 | €535,777 | €615,166 | +€79,389 | +14.8% |
| Fixed assets | 21/28 | €79,398 | €78,541 | -€856 | -1.1% |
| Tangible fixed assets | 22/27 | €29,898 | €29,041 | -€856 | -2.9% |
| Land and buildings | 22 | €26,370 | €26,370 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,057 | €2,351 | -€707 | -23.1% |
| Furniture and vehicles | 24 | €471 | €321 | -€150 | -31.8% |
| Financial fixed assets | 28 | €49,500 | €49,500 | = | 0.0% |
| Current assets | 29/58 | €456,379 | €536,624 | +€80,245 | +17.6% |
| Amounts receivable after more than one year | 29 | €14,211 | €14,211 | = | 0.0% |
| Other amounts receivable | 291 | €14,211 | €14,211 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €438,333 | €520,503 | +€82,170 | +18.7% |
| Trade receivables | 40 | €435,246 | €498,868 | +€63,622 | +14.6% |
| Other amounts receivable | 41 | €3,087 | €21,635 | +€18,547 | +601% |
| Cash at bank and in hand | 54/58 | €3,721 | €1,910 | -€1,811 | -48.7% |
| Deferred charges and accrued income | 490/1 | €113 | €0 | -€113 | -100% |
| Total equity and liabilities | 10/49 | €535,777 | €615,166 | +€79,389 | +14.8% |
| Equity | 10/15 | €295,468 | €325,073 | +€29,605 | +10.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €276,876 | €306,481 | +€29,605 | +10.7% |
| Distributable reserves | 133 | €276,876 | €306,481 | +€29,605 | +10.7% |
| Amounts payable | 17/49 | €240,308 | €290,093 | +€49,784 | +20.7% |
| Amounts payable within one year | 42/48 | €237,458 | €286,623 | +€49,165 | +20.7% |
| Financial debts | 43 | €1,572 | €0 | -€1,572 | -100% |
| Credit institutions | 430/8 | €1,572 | €0 | -€1,572 | -100% |
| Trade debts | 44 | €113,525 | €231,495 | +€117,970 | +104% |
| Suppliers | 440/4 | €113,525 | €231,495 | +€117,970 | +104% |
| Taxes, remuneration and social security | 45 | €2,681 | €2,775 | +€94 | +3.5% |
| Taxes | 450/3 | €1,052 | €1,129 | +€77 | +7.3% |
| Remuneration and social security | 454/9 | €1,630 | €1,647 | +€17 | +1.1% |
| Other amounts payable | 47/48 | €119,679 | €52,352 | -€67,327 | -56.3% |
| Accrued charges and deferred income | 492/3 | €2,851 | €3,470 | +€620 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €856 | €856 | = | 0.0% |
| Other operating charges | 640/8 | €2,659 | €1,507 | -€1,153 | -43.3% |
| Gross operating margin | 9900 | €49,935 | €46,120 | -€3,815 | -7.6% |
| Operating profit (loss) | 9901 | €46,419 | €43,757 | -€2,662 | -5.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €3,858 | €4,131 | +€272 | +7.1% |
| Recurring financial charges | 65 | €3,858 | €4,131 | +€272 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €42,561 | €39,627 | -€2,934 | -6.9% |
| Income taxes | 67/77 | €10,957 | €10,022 | -€935 | -8.5% |
| Profit (loss) for the period | 9904 | €31,604 | €29,605 | -€1,999 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,604 | €29,605 | -€1,999 | -6.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.