SEAHOME: what changed
SEAHOME
Largest movements
- Stocks and contracts -€632,700
down €632,700 (-24.4%), from €2.6m to €2.0m
- Cash +€180,790
up €180,790 (+2,959%), from €6,109 to €186,899
mainly Stocks and contracts (+€632,700) and Net result for the year (+€298,880)
- Receivables after one year +€75,334
up €75,334 (+58.0%), from €129,904 to €205,238
- Other debts -€498,411
down €498,411 (-38.9%), from €1.3m to €782,564
- Reserves +€298,880
up €298,880 (+54.9%), from €544,155 to €843,034
- Current portion of long-term debt -€181,458
down €181,458 (-20.5%), from €885,034 to €703,576
- Gross operating margin +€394,419
up €394,419 (+718%), from €54,962 to €449,382
- Taxes +€78,536
new in 2025: €78,536
- Other operating charges -€31,543
down €31,543 (-87.6%), from €36,019 to €4,475
- Financial charges -€23,362
down €23,362 (-25.9%), from €90,175 to €66,812
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,760,086 | €2,381,526 | -€378,559 | -13.7% |
| Fixed assets | 21/28 | €690 | - | -€690 | |
| Tangible fixed assets | 22/27 | €690 | - | -€690 | |
| Furniture and vehicles | 24 | €690 | - | -€690 | |
| Current assets | 29/58 | €2,759,396 | €2,381,526 | -€377,869 | -13.7% |
| Amounts receivable after more than one year | 29 | €129,904 | €205,238 | +€75,334 | +58.0% |
| Other amounts receivable | 291 | €129,904 | €205,238 | +€75,334 | +58.0% |
| Stocks and contracts in progress | 3 | €2,588,844 | €1,956,144 | -€632,700 | -24.4% |
| Stocks | 30/36 | €2,588,844 | €1,956,144 | -€632,700 | -24.4% |
| Amounts receivable within one year | 40/41 | €32,505 | €32,496 | -€8 | 0.0% |
| Other amounts receivable | 41 | €32,505 | €32,496 | -€8 | 0.0% |
| Cash at bank and in hand | 54/58 | €6,109 | €186,899 | +€180,790 | +2,959% |
| Deferred charges and accrued income | 490/1 | €2,034 | €749 | -€1,285 | -63.2% |
| Total equity and liabilities | 10/49 | €2,760,086 | €2,381,526 | -€378,559 | -13.7% |
| Equity | 10/15 | €562,755 | €861,634 | +€298,880 | +53.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €544,155 | €843,034 | +€298,880 | +54.9% |
| Distributable reserves | 133 | €544,155 | €843,034 | +€298,880 | +54.9% |
| Amounts payable | 17/49 | €2,197,331 | €1,519,892 | -€677,439 | -30.8% |
| Amounts payable within one year | 42/48 | €2,197,331 | €1,519,892 | -€677,439 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €885,034 | €703,576 | -€181,458 | -20.5% |
| Trade debts | 44 | €6,787 | €47 | -€6,739 | -99.3% |
| Suppliers | 440/4 | €6,787 | €47 | -€6,739 | -99.3% |
| Taxes, remuneration and social security | 45 | €24,536 | €33,705 | +€9,169 | +37.4% |
| Taxes | 450/3 | €24,536 | €33,705 | +€9,169 | +37.4% |
| Other amounts payable | 47/48 | €1,280,975 | €782,564 | -€498,411 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €690 | €690 | = | 0.0% |
| Other operating charges | 640/8 | €36,019 | €4,475 | -€31,543 | -87.6% |
| Gross operating margin | 9900 | €54,962 | €449,382 | +€394,419 | +718% |
| Operating profit (loss) | 9901 | €18,254 | €444,216 | +€425,963 | +2,334% |
| Financial income | 75/76B | €27 | €11 | -€16 | -57.8% |
| Recurring financial income | 75 | €27 | €11 | -€16 | -57.8% |
| Financial charges | 65/66B | €90,175 | €66,812 | -€23,362 | -25.9% |
| Recurring financial charges | 65 | €90,175 | €66,812 | -€23,362 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | -€71,894 | €377,416 | +€449,309 | |
| Income taxes | 67/77 | - | €78,536 | +€78,536 | |
| Profit (loss) for the period | 9904 | -€71,894 | €298,880 | +€370,773 | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,894 | €298,880 | +€370,773 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.