SEAHOUSE: 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.
SEAHOUSE
Largest movements
- Cash +€26,187
up €26,187 (+637.6%), from €4,107 to €30,294
mainly Other debts (+€35,612) and Net result for the year (+€25,324)
- Tangible fixed assets +€18,864
up €18,864 (+3.7%), from €513,367 to €532,232
- Other debts +€35,612
up €35,612 (+22.2%), from €160,274 to €195,886
- Debts after one year -€25,783
down €25,783 (-9.3%), from €276,989 to €251,206
- Reserves +€25,324
up €25,324 (+194.5%), from €13,021 to €38,345
- Tax, wage and social debts +€7,379
up €7,379 (+131.1%), from €5,628 to €13,008
- Gross operating margin +€18,436
up €18,436 (+31.1%), from €59,256 to €77,692
- Taxes +€5,226
up €5,226 (+57.5%), from €9,091 to €14,317
- Other operating charges +€1,369
up €1,369 (+45.1%), from €3,033 to €4,401
- Financial charges -€1,093
down €1,093 (-6.0%), from €18,107 to €17,014
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 | €517,475 | €562,525 | +€45,051 | +8.7% |
| Fixed assets | 21/28 | €513,367 | €532,232 | +€18,864 | +3.7% |
| Tangible fixed assets | 22/27 | €513,367 | €532,232 | +€18,864 | +3.7% |
| Land and buildings | 22 | €513,367 | €532,232 | +€18,864 | +3.7% |
| Current assets | 29/58 | €4,107 | €30,294 | +€26,187 | +637.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,107 | €30,294 | +€26,187 | +637.6% |
| Total equity and liabilities | 10/49 | €517,475 | €562,525 | +€45,051 | +8.7% |
| Equity | 10/15 | €47,852 | €73,176 | +€25,324 | +52.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €13,021 | €38,345 | +€25,324 | +194.5% |
| Distributable reserves | 133 | €13,021 | €38,345 | +€25,324 | +194.5% |
| Profit (loss) carried forward | 14 | €32,831 | €32,831 | = | 0.0% |
| Amounts payable | 17/49 | €469,623 | €489,349 | +€19,726 | +4.2% |
| Amounts payable after more than one year | 17 | €276,989 | €251,206 | -€25,783 | -9.3% |
| Financial debts | 170/4 | €276,989 | €251,206 | -€25,783 | -9.3% |
| Amounts payable within one year | 42/48 | €191,283 | €236,381 | +€45,097 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €25,381 | €25,783 | +€402 | +1.6% |
| Trade debts | 44 | - | €1,704 | +€1,704 | |
| Suppliers | 440/4 | - | €1,704 | +€1,704 | |
| Taxes, remuneration and social security | 45 | €5,628 | €13,008 | +€7,379 | +131.1% |
| Taxes | 450/3 | €5,628 | €13,008 | +€7,379 | +131.1% |
| Other amounts payable | 47/48 | €160,274 | €195,886 | +€35,612 | +22.2% |
| Accrued charges and deferred income | 492/3 | €1,350 | €1,762 | +€412 | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,005 | €16,636 | +€631 | +3.9% |
| Other operating charges | 640/8 | €3,033 | €4,401 | +€1,369 | +45.1% |
| Gross operating margin | 9900 | €59,256 | €77,692 | +€18,436 | +31.1% |
| Operating profit (loss) | 9901 | €40,219 | €56,655 | +€16,436 | +40.9% |
| Financial charges | 65/66B | €18,107 | €17,014 | -€1,093 | -6.0% |
| Recurring financial charges | 65 | €18,107 | €17,014 | -€1,093 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €22,112 | €39,641 | +€17,529 | +79.3% |
| Income taxes | 67/77 | €9,091 | €14,317 | +€5,226 | +57.5% |
| Profit (loss) for the period | 9904 | €13,021 | €25,324 | +€12,304 | +94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,021 | €25,324 | +€12,304 | +94.5% |
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 5 October 2026 via checked.be.